Future Market Insights (FMI) sees this as a chief driver of the reactive diluents market, which is expected to grow at a positive pace between 2020 and 2030. As reactive diluents are used for improving the consistency of paints & coatings and adhesives & sealants, they are in high demand across a multitude of sectors including building & construction, automotive, and electronics among others.

However, in the first half of 2020, most of these activities remained impeded, resulting in 40% less demand, compared to the same period last year. Using reactive diluents results in better performance of various solutions by improving their thermal stability, tensile strength, adhesion, and other physical attributes.

Due to their robust compatibility with water-based and solvent paints, the demand for reactive diluents will continue surging through the course of the forecast period. A key point to consider here is that using reactive diluent can significantly reduce the emission of volatile organic compounds (VOC).

This has boosted its applications in line with technological advancements witnessed across diverse industries. Prospects for the market are expected to get more lucrative as industries adopt composites as a replacement for radical materials traditionally used in automotive and construction applications.

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Who is winning?

The reactive diluents market is a highly competitive one, exhibiting the presence of several companies. Market players are primarily focusing on the expansion of their global footprint and product portfolio to gain a competitive advantage.

Future Market Insights profiles some of the leading players operating in the market. These include Huntsman Corporation, Hexion Inc., Aditya Birla Chemicals, Olin Corporation, Sachem, Inc., Arkema Group, Ipox Chemicals GmbH, Evonik Industries, Atul Ltd., and Adeka Corporation.

Get Valuable Insights into Reactive Diluents Market

Future Market Insights executive-level blueprint of the reactive diluents in its report. It offers refined forecasts pertaining to revenue growth witnessed across various segments. Trends impacting the market’s trajectory across these segments are also studied in detail for the period between 2020 and 2030.

The report studies the global reactive diluents market and segments it in terms of type aliphatic, aromatic, and cycloaliphatic. On the basis of function, it bifurcates the market into mono-functional and multi-functional.

Based on end use the market can be categorized into paints & coatings, adhesives & sealants, composites, flooring, and others (comprising tooling, casting, and encapsulation). Regionally, the market covers North America, Latin America, Europe, East Asia, South Asia and Pacific, and the Middle East and Africa