Reactive Diluents Market - Industry Analysis, Market Size, Share, Trends,Application Analysis, Growth and Forecast 2021 - 2026

Report Code: CMR 12003 Report Format: PDF + Excel
Reactive Diluents Market is forecast to reach $1.5 billion by 2025, after growing at a CAGR of 6% during 2020-2025. Reactive diluents enhance flexibility and workability by diluting high viscous epoxy resins. The consumption of reactive diluents-based epoxy resins such as paints & coatings, composites, and adhesives from various industry include electronics, automotive, marine, and construction, growing disposable income, and growing public interest towards sustainable and environment-friendly products are driving the overall market demand for reactive diluents during the forecast period. 

Key Takeaways
  • Among the regions, in 2019, Asia-Pacific dominates the reactive diluents market owing to rapid urbanization, growing population, increasing construction and aviation activities, and growing renewable energy sector across the country. 
  • The growing popularity of solvent free paint and coating compounds, better diluent, and retention of chemical resistance products, is likely to aid in the market growth of Reactive Diluents
  • Increasing adoption of sustainable and environment friendly products, will increase the market demand for Reactive Diluents in the near future.
  • Growing popularity of an alternative products to reactive diluent like phenolic, owing to its properties like excellent resistance to heat, toxic gases, chemical, and fire will create hurdles for the growth of global Reactive Diluents market industry.

Type - Segment Analysis
Segmentation based on type, the aliphatic segment hold the largest share in the global market throughout the study period and expected to witness a highest growth of around 8% during the forecast period. This growth is attributed to the wide use of aliphatic reactive diluent across various industries due to its low raw material cost and easy production process. Besides, aliphatic reactive diluents offers various benefits like superior non-yellowing characteristics related to aromatic mono-functional reactive diluents, better property retention, and excellent wetting characteristics.

Function Type - Segment Analysis
Among the function type, the multi-functional segment is projected to witness a highest growth rate over the forecast period. The multi-functional diluent provide various benefits like electrical insulation, weather, moisture, and impact resistance. Furthermore, the increasing consumption of cycloaliphatic epoxy resin in heavy electric equipment industry is anticipated to be the major driving factor for rising adoption of multi-functional reactive diluents in electric and electronic industry. 

Application - Segment Analysis
Among the applications, the paints and coating segment dominated the global market with a share of around 40% in 2019 and is projected to dominate the same market over the forecast period. This growth is due to growing residential and commercial activities in emerging country. Additionally, growing demand for environmentally friendly and solvent free anticorrosive coatings and UV curable coatings and inks will further propel the growth of this segment, which in turn drives the global reactive diluent market share during the forecast period.

Geography - Segment Analysis
In 2019, APAC dominated the reactive diluents market with a share of more than 35%, followed by North America and Europe. The growth in APAC region is attribute to the growing transportation, urbanization, and population along with large industrial base across the region. Furthermore, the growing renewable energy sector primarily solar and wind energy in emerging economies of APAC includes China, India and South Korea, owing to availability of ample amount of sunlight, will also contribute for the growth of reactive diluent market industry in APAC region during the forecast period. 

Drivers – Reactive Diluents Market

  • Growing uses of reactive diluent across various end-use industries
Rising adoption of sustainable and environment-friendly products from end-users and customers is expected to boost the demand for reactive diluents. In marine industry, reactive diluent are used to prevent the corrosion of hull caused by sea water and external environments. The growing use of electro deposition coatings from automotive bodies to construction materials and steel furniture. As electro deposition coatings offer various advantages like it helps to improve anticorrosive properties and uniformed paint films. Furthermore, due to anticorrosive and heat resistance properties of reactive diluent is widely used in the field of electricity and electronics. In addition, the due to excellent insulation properties, reactive diluents are also used in the medium- and high-voltage insulation fields of heavy electric equipment includes gas insulated switchgear, transformers, and heavy electric insulators. Hence, due its excellent properties, reactive diluents are widely used across various end-use industries accelerate the growth of global reactive diluent market over the forecast period.

  • Need for solvent free or environment friendly anticorrosion reactive diluents
The growing environmental concern drives the demand for solvent free anticorrosion reactive diluent coatings, which in turn drives the global reactive diluent market size from 2020 to 2025. The solvent free anticorrosion coating is based on epoxy resins which contains minor or do not contain volatile organic solvent of high solid coatings and helps to reduce the environment pollution. The reactive diluent coatings have the features of environmental protection, security, economy, and chemical resistance. 

Challenges – Reactive Diluents Market

  • Volatile raw material prices and unstable economy
There are various micro- and macro-economic factors responsible for the fluctuation of raw material prices and economy growth. The trade war between two largest economies of the world include China and the USA, the geopolitical issues between the US, Saudi Arabia, Russia, Iran, and Iraq, decline in the production and sales of diesel based automobiles globally, and the growing impact of COVID-19 worldwide are the key factors responsible for the fluctuation of raw material prices such as crude oil, natural gas, and other commodity prices and lowering economic growth. 

Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Reactive Diluents market. In 2019, the market of Reactive Diluents has been consolidated by the top five players accounting for xx% of the share. Major players in the Reactive Diluents Market are Hexion, Huntsman Corporation Corporation, BASF SE, Olin Corporation, Aditya Birla Chemicals, Sachem, Kukdo Chemical, Evonik Industries, Adeka Corporation and Cargill, EMS-Griltech, among others. 

Acquisitions/Technology Launches
  • In February 2020, Sartomer, a business line of Arkema is featuring its high-performance liquid resin solutions at JEC World. This resin solution helps to enhance the performance properties of composite materials.
  • In 2019, BASF has introduced Vinyl methyl oxazolidinone (VMOX) as a reactive diluent in UV-curing coatings and inks for the Printing, Coatings Industry at the European Coatings Show 2019 in Nuremberg.

1. Reactive Diluents Market - Overview

        1.1 Definitions and Scope

2. Reactive Diluents Market - Executive summary

        2.1 Market Revenue, Market Size and Key Trends by Company

        2.2 Key Trends by type of Application

        2.3 Key Trends segmented by Geography

3. Reactive Diluents Market

        3.1 Comparative analysis

            3.1.1 Product Benchmarking - Top 10 companies

            3.1.2 Top 5 Financials Analysis

            3.1.3 Market Value split by Top 10 companies

            3.1.4 Patent Analysis - Top 10 companies

            3.1.5 Pricing Analysis

4. Reactive Diluents Market - Startup companies Scenario Premium

        4.1 Top 10 startup company Analysis by

            4.1.1 Investment

            4.1.2 Revenue

            4.1.3 Market Shares

            4.1.4 Market Size and Application Analysis

            4.1.5 Venture Capital and Funding Scenario

5. Reactive Diluents Market - Industry Market Entry Scenario Premium

        5.1 Regulatory Framework Overview

        5.2 New Business and Ease of Doing business index

        5.3 Case studies of successful ventures

        5.4 Customer Analysis - Top 10 companies

6. Reactive Diluents Market Forces

        6.1 Drivers

        6.2 Constraints

        6.3 Challenges

        6.4 Porters five force model

            6.4.1 Bargaining power of suppliers

            6.4.2 Bargaining powers of customers

            6.4.3 Threat of new entrants

            6.4.4 Rivalry among existing players

            6.4.5 Threat of substitutes

7. Reactive Diluents Market -Strategic analysis

        7.1 Value chain analysis

        7.2 Opportunities analysis

        7.3 Product life cycle

        7.4 Suppliers and distributors Market Share

8. Reactive Diluents Market - By Type (Market Size -$Million / $Billion)

        8.1 Market Size and Market Share Analysis

        8.2 Application Revenue and Trend Research

        8.3 Product Segment Analysis

            8.3.1 Aliphatic

            8.3.2 Aromatic

            8.3.3 Cycloaliphatic

9. Reactive Diluents Market - By Product Type (Market Size -$Million / $Billion)

10. Reactive Diluents - By Application Type (Market Size -$Million / $Billion)

        10.1 Segment type Size and Market Share Analysis

        10.2 Application Revenue and Trends by type of Application

        10.3 Application Segment Analysis by Type

            10.3.1 Paints & Coatings

            10.3.2 Adhesives & Sealants

            10.3.3 Composites

            10.3.4 Others

11. Reactive Diluents- By Geography (Market Size -$Million / $Billion)

        11.1 Reactive Diluents Market - North America Segment Research

        11.2 North America Market Research (Million / $Billion)

            11.2.1 Segment type Size and Market Size Analysis

            11.2.2 Revenue and Trends

            11.2.3 Application Revenue and Trends by type of Application

            11.2.4 Company Revenue and Product Analysis

            11.2.5 North America Product type and Application Market Size

                  11.2.5.1 U.S

                  11.2.5.2 Canada

                  11.2.5.3 Mexico

                  11.2.5.4 Rest of North America

        11.3 Reactive Diluents- South America Segment Research

        11.4 South America Market Research (Market Size -$Million / $Billion)

            11.4.1 Segment type Size and Market Size Analysis

            11.4.2 Revenue and Trends

            11.4.3 Application Revenue and Trends by type of Application

            11.4.4 Company Revenue and Product Analysis

            11.4.5 South America Product type and Application Market Size

                  11.4.5.1 Brazil

                  11.4.5.2 Venezuela

                  11.4.5.3 Argentina

                  11.4.5.4 Ecuador

                  11.4.5.5 Peru

                  11.4.5.6 Colombia

                  11.4.5.7 Costa Rica

                  11.4.5.8 Rest of South America

        11.5 Reactive Diluents- Europe Segment Research

        11.6 Europe Market Research (Market Size -$Million / $Billion)

            11.6.1 Segment type Size and Market Size Analysis

            11.6.2 Revenue and Trends

            11.6.3 Application Revenue and Trends by type of Application

            11.6.4 Company Revenue and Product Analysis

            11.6.5 Europe Segment Product type and Application Market Size

                  11.6.5.1 U.K

                  11.6.5.2 Germany

                  11.6.5.3 Italy

                  11.6.5.4 France

                  11.6.5.5 Netherlands

                  11.6.5.6 Belgium

                  11.6.5.7 Denmark

                  11.6.5.8 Spain

                  11.6.5.9 Rest of Europe

        11.7 Reactive Diluents - APAC Segment Research

        11.8 APAC Market Research (Market Size -$Million / $Billion)

            11.8.1 Segment type Size and Market Size Analysis

            11.8.2 Revenue and Trends

            11.8.3 Application Revenue and Trends by type of Application

            11.8.4 Company Revenue and Product Analysis

            11.8.5 APAC Segment - Product type and Application Market Size

                  11.8.5.1 China

                  11.8.5.2 Australia

                  11.8.5.3 Japan

                  11.8.5.4 South Korea

                  11.8.5.5 India

                  11.8.5.6 Taiwan

                  11.8.5.7 Malaysia

                  11.8.5.8 Hong kong

                  11.8.5.9 Rest of APAC

        11.9 Reactive Diluents - Middle East Segment and Africa Segment Research

        11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)

            11.10.1 Segment type Size and Market Size Analysis

            11.10.2 Revenue and Trend Analysis

            11.10.3 Application Revenue and Trends by type of Application

            11.10.4 Company Revenue and Product Analysis

            11.10.5 Middle East Segment Product type and Application Market Size

                  11.10.5.1 Israel

                  11.10.5.2 Saudi Arabia

                  11.10.5.3 UAE

            11.10.6 Africa Segment Analysis

                  11.10.6.1 South Africa

                  11.10.6.2 Rest of Middle East & Africa

12. Reactive Diluents Market - Entropy

        12.1 New product launches

        12.2 M&A s, collaborations, JVs and partnerships

13. Reactive Diluents Market - Industry / Segment Competition landscape Premium

        13.1 Market Share Analysis

            13.1.1 Market Share by Country- Top companies

            13.1.2 Market Share by Region- Top 10 companies

            13.1.3 Market Share by type of Application - Top 10 companies

            13.1.4 Market Share by type of Product / Product category- Top 10 companies

            13.1.5 Market Share at global level - Top 10 companies

            13.1.6 Best Practises for companies

14. Reactive Diluents Market - Key Company List by Country Premium

15. Reactive Diluents Market Company Analysis

        15.1 Market Share, Company Revenue, Products, M&A, Developments

        15.2 Adeka Corporation

        15.3 Aditya Birla Chemicals

        15.4 Arkema

        15.5 Atul Chemicals

        15.6 Bluestar Wuxi Petrochemical

        15.7 Cardolite

        15.8 Cargill

        15.9 DIC Corporation

        15.10 EMS-Griltech

        15.11 Evonik Industries

        15.12 Hexion

        15.13 Hubei Phoenix Chemical Company

        15.14 Huntsman

        15.15 IPOX Chemicals

        15.16 King Industries

        15.17 Kukdo Chemicals

        15.18 Leuna-Harze

        15.19 Olin

        15.20 Royce

        15.21 Sachem

        15.22 Sakamoto Yakuhin Kogyo

        15.23 Sir Industries

        15.24 Spolchemie

        15.25 Vertellus Holding

        15.26 Yuvraj Chemicals

        15.27 Company 26

        15.28 Company 27 & More

*Financials would be provided on a best efforts basis for private companies

16. Reactive Diluents Market - Appendix

        16.1 Abbreviations

        16.2 Sources

17. Reactive Diluents Market - Methodology

        17.1 Research Methodology

            17.1.1 Company Expert Interviews

            17.1.2 Industry Databases

            17.1.3 Associations

            17.1.4 Company News

            17.1.5 Company Annual Reports

            17.1.6 Application Trends

            17.1.7 New Products and Product database

            17.1.8 Company Transcripts

            17.1.9 R&D Trends

            17.1.10 Key Opinion Leaders Interviews

            17.1.11 Supply and Demand Trends

LIST OF TABLES

1.Global Reactive Diluents Market By Type Market 2019-2024 ($M)
1.1 Aliphatic Market 2019-2024 ($M) - Global Industry Research
1.2 Aromatic Market 2019-2024 ($M) - Global Industry Research
1.3 Cycloaliphatic Market 2019-2024 ($M) - Global Industry Research
2.Global Reactive Diluents Market By Type Market 2019-2024 (Volume/Units)
2.1 Aliphatic Market 2019-2024 (Volume/Units) - Global Industry Research
2.2 Aromatic Market 2019-2024 (Volume/Units) - Global Industry Research
2.3 Cycloaliphatic Market 2019-2024 (Volume/Units) - Global Industry Research
3.North America Reactive Diluents Market By Type Market 2019-2024 ($M)
3.1 Aliphatic Market 2019-2024 ($M) - Regional Industry Research
3.2 Aromatic Market 2019-2024 ($M) - Regional Industry Research
3.3 Cycloaliphatic Market 2019-2024 ($M) - Regional Industry Research
4.South America Reactive Diluents Market By Type Market 2019-2024 ($M)
4.1 Aliphatic Market 2019-2024 ($M) - Regional Industry Research
4.2 Aromatic Market 2019-2024 ($M) - Regional Industry Research
4.3 Cycloaliphatic Market 2019-2024 ($M) - Regional Industry Research
5.Europe Reactive Diluents Market By Type Market 2019-2024 ($M)
5.1 Aliphatic Market 2019-2024 ($M) - Regional Industry Research
5.2 Aromatic Market 2019-2024 ($M) - Regional Industry Research
5.3 Cycloaliphatic Market 2019-2024 ($M) - Regional Industry Research
6.APAC Reactive Diluents Market By Type Market 2019-2024 ($M)
6.1 Aliphatic Market 2019-2024 ($M) - Regional Industry Research
6.2 Aromatic Market 2019-2024 ($M) - Regional Industry Research
6.3 Cycloaliphatic Market 2019-2024 ($M) - Regional Industry Research
7.MENA Reactive Diluents Market By Type Market 2019-2024 ($M)
7.1 Aliphatic Market 2019-2024 ($M) - Regional Industry Research
7.2 Aromatic Market 2019-2024 ($M) - Regional Industry Research
7.3 Cycloaliphatic Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Reactive Diluents Market Revenue, 2019-2024 ($M)
2.Canada Reactive Diluents Market Revenue, 2019-2024 ($M)
3.Mexico Reactive Diluents Market Revenue, 2019-2024 ($M)
4.Brazil Reactive Diluents Market Revenue, 2019-2024 ($M)
5.Argentina Reactive Diluents Market Revenue, 2019-2024 ($M)
6.Peru Reactive Diluents Market Revenue, 2019-2024 ($M)
7.Colombia Reactive Diluents Market Revenue, 2019-2024 ($M)
8.Chile Reactive Diluents Market Revenue, 2019-2024 ($M)
9.Rest of South America Reactive Diluents Market Revenue, 2019-2024 ($M)
10.UK Reactive Diluents Market Revenue, 2019-2024 ($M)
11.Germany Reactive Diluents Market Revenue, 2019-2024 ($M)
12.France Reactive Diluents Market Revenue, 2019-2024 ($M)
13.Italy Reactive Diluents Market Revenue, 2019-2024 ($M)
14.Spain Reactive Diluents Market Revenue, 2019-2024 ($M)
15.Rest of Europe Reactive Diluents Market Revenue, 2019-2024 ($M)
16.China Reactive Diluents Market Revenue, 2019-2024 ($M)
17.India Reactive Diluents Market Revenue, 2019-2024 ($M)
18.Japan Reactive Diluents Market Revenue, 2019-2024 ($M)
19.South Korea Reactive Diluents Market Revenue, 2019-2024 ($M)
20.South Africa Reactive Diluents Market Revenue, 2019-2024 ($M)
21.North America Reactive Diluents By Application
22.South America Reactive Diluents By Application
23.Europe Reactive Diluents By Application
24.APAC Reactive Diluents By Application
25.MENA Reactive Diluents By Application
26.Hexion, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Huntsman, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Aditya Birla Chemicals, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Kukdo Chemicals, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Evonik Industries, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Adeka Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Cargill, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.EMS-Griltech, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Olin, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Sachem, Sales /Revenue, 2015-2018 ($Mn/$Bn)