Reactive Diluents Market Analysis: Plant Capacity, Production, Operating Efficiency, , Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030

Format: Online | Last Updated: Aug 2021

[Online Quarterly Update] Reactive Diluents demand stood at 0.78 Million Tonnes in 2020 and is forecast to reach 1.490 Million Tonnes by 2030, growing at a healthy CAGR of 6.75% until 2030. Reactive Diluents are colorless low viscosity liquids that are also known as thinners. They are glycidyl ethers of short-chain aliphatic alcohols or alkylphenols. Their main use is to reduce the viscosity of the material to which they are added which eases the handling of the material and its processing. Reactive Diluents also enhance properties such as adhesion, thermal stability, impact, and tensile strength, filler loading, flexibility, volatility reduction, and solvent resistance. The addition of Reactive Diluents to different systems also significantly reduces the emission of volatile organic compounds (VOC). They also act as substitutes for various plasticizers. Reactive Diluents are of various types including aliphatic, aromatic, and cycloaliphatic. Due to their property enhancement capability, they find application in various areas including paints and coatings, composites, adhesives, and sealants. The growing construction sector coupled with the increasing use of composite materials is expected to drive the demand for Reactive Diluents during the forecast period. Moreover, increasing demand from automotive is also another factor influencing demand growth.  
 
In 2020, the spread of COVID-19 in major global economies caused nationwide lockdowns which had an impact on several industries. Construction and automotive were among the most affected industries during the pandemic. This had an impact on the demand for Reactive Diluents for the first half of 2020. Therefore, the demand for Reactive Diluents fell during the coronavirus pandemic. However,  Reactive Diluents market bounced back due to speedy recovery in the major end use industries such as automotive, and construction after the relaxation in lockdown that led to increasing commercialization activities. 
 
Region-wise, Asia-pacific region holds the major share of global demand for Reactive Diluents due to the increasing demand of application areas including construction and automotive. Moreover, continuous revamping of infrastructure in disaster-prone countries like Japan and South Korea is also another factor propelling the demand for reactive diluents. Increasing population and subsequent rise in per capita income in emerging economies like India and China is also likely to enhance the market growth of Reactive Diluents in the forecast period.
 
Major players for Reactive Diluents globally include Hexion, Huntsman Corporation, Kukdo Chemical, Aditya Birla Chemicals, Evonik Industries, Adeka Corporation, Cargill, EMS-Griltech, Olin Corporation, Sachem, Arkema, Bluestar Wuxi Petrochemical, Atul Chemicals, Cardolite, DIC Corporation, Hubei Phoenix Chemical Company, Ipox Chemicals, Sakamoto Yakuhin Kogyo, Geo Specialty Chemicals, BASF SE, Nippon Shokubai Co. Ltd, Air Products and Chemicals, Italmatch Chemicals S.p.A among others.
 
Years considered for this report:
 
Historical Period: 2015-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2030
 
This report will be delivered on an online digital platform with one-year subscription and quarterly update.
 
Objective of the Study: 
 
• To assess the demand-supply scenario of Reactive Diluents which covers production, demand, and supply of Reactive Diluents market globally.
• To analyse and forecast the market size of Reactive Diluents.
• To classify and forecast global Reactive Diluents market based on technology, end-use and regional distribution.
• To identify drivers and challenges for global Reactive Diluents market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc. in global Reactive Diluents market.
• To identify and analyse the profile of leading players involved in the manufacturing of Reactive Diluents.
To extract data for global Reactive Diluents market, primary research surveys were conducted with Reactive Diluents manufacturers, suppliers, distributors, wholesalers and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end user segments and projected a positive outlook for Global Reactive Diluents market over the coming years. 
 
ChemAnalyst calculated Reactive Diluents demand globally by analyzing the historical data and demand forecast which was carried out considering imported reactive diluents, prices, materials used for production of Reactive Diluents . ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst. 
 
Key Target Audience:

•             Reactive Diluents manufacturers and other stakeholders
•             Organizations, forums and alliances related to Reactive Diluents distribution
•             Government bodies such as regulating authorities and policy makers
•             Market research organizations and consulting companies
 
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Reactive Diluents manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
 
Report Scope:
 
In this report, global Reactive Diluents market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
 
Attribute
Details
Market size volume in 2020
0.78 million Tonnes
Market size volume in 2030
1.490 million Tonnes
Growth Rate
CAGR of 6.75% from 2021 to 2030
Base year for estimation
2020
Historic Data
2015 – 2019
Forecast period
2022 – 2030
Quantitative units
Demand in tons and CAGR from 2021 to 2030
Report coverage
Revenue forecast, demand & supply, competitive analysis, competitive landscape, growth factors, and trends
Segments covered
1. Application: (Paints and Coatings, Composites, Adhesives and Sealants)
2. Type: (Aliphatic, Aromatic, Cycloaliphatic)
3. Sales Channel: (Direct/Institutional Sales, Indirect Sales)
Regional scope
North America; Europe; Asia Pacific; South America; Middle East & Africa
Country scope
United States; Mexico; Canada; China; India; Japan; South Korea; Taiwan; Singapore; Germany; Belgium; France; United Kingdom; Spain; Italy; Sweden; Austria; Saudi Arabia; Iran; South Africa; Brazil; Argentina
Key companies profiled
Hexion, Huntsman Corporation, Kukdo Chemical, Aditya Birla Chemicals, Evonik Industries, Adeka Corporation, Cargill, EMS-Griltech, Olin Corporation, Sachem, Arkema, Bluestar Wuxi Petrochemical, Atul Chemicals, Cardolite, DIC Corporation, Hubei Phoenix Chemical Company, Ipox Chemicals, Sakamoto Yakuhin Kogyo, Geo Specialty Chemicals, BASF SE, Nippon Shokubai Co. Ltd, Air Products and Chemicals, Italmatch Chemicals S.p.A among others.
Customization scope
Free report customization with purchase. Addition or alteration to country, regional & segment scope.
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Frequently Asked Questions (FAQ):

Which are the major drivers for growth in demand of reactive diluents? 

Rise in the demand of construction industry is the major driver for growth in the demand of reactive diluents.  

Which region holds the maximum demand share in the Global reactive diluents market as of 2020?

Asia Pacific holds the major demand share of reactive diluents due increasing demand of the construction. Increasing population and per capita income in emerging economies like India and China is also an influencing factor supporting demand rise in Asia Pacific. 

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