Reactive Diluents Market to Gain an Upward Trend in Upcoming Years!!Posted by Market Research Future on August 17th, 2018 Reactive diluents are clear, colorless, low-viscosity liquids, commonly known as thinners. Reactive diluents are glycidyl ethers of short-chain aliphatic alcohols or alkylphenols. They are added to reduce the viscosity of the substance to increase handling and ease of processing. They enhance various performance properties such as adhesion, impact & tensile strength, thermal stability, filler-loading, flexibility, reduce volatility, and solvent resistance of the system. The use of reactive diluents significantly reduces the emission of volatile organic compounds (VOC). These diluents are compatible with both solvent-based and water-based paints and coatings. They act as substitutes for a number of plasticizers such as diisononyl phthalate (DINP), di-isodecyl phthalate (DIDP), and di-2-Ethylhexyl phthalate (DEHP) Reactive diluents are majorly used to reduce the viscosity of the epoxy resin. The epoxy resin is the principal raw material required for the manufacturing of paints & coatings, adhesives & sealants, and composites, which is projected to increase the demand from end-use industries such as automotive, construction & building, electrical & electronic, wind energy, aerospace, and others. Paints & coatings are extensively utilized in the construction & building and the automotive industry to improve the aesthetic appeal and provide protection from external environmental factors. This is expected to boost the demand for epoxy resin as well as consumption of reactive diluents over the forecast period. The market is likely to witness significant growth in the demand for adhesives & sealants across various end-user industries such as electrical & electronics, automotive, wind energy and construction specifically in developing economies such as China and India. Composites account for the major share of the epoxy resin demand, and it is widely preferred choice over conventional plastics due to its durability, aesthetic appeal, and low maintenance. Various industries such as automotive, construction & building, wind energy, electrical & electronics are experiencing high demand for composites, which is expected to fuel the growth of the global reactive diluent market over the forecast period 2018-2023. However, increasing popularity of phenolic resins over epoxy resin due to low cost is expected to hamper the growth of the reactive diluents market to some extent during the forecast period. Regional AnalysisThe global reactive diluents market is spanned across five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. Asia Pacific is expected to be the largest market for reactive diluents, followed by North America and Europe. Asia Pacific market is driven by the growing construction, automotive, and electrical & electronics industry. North America, the Middle East & Africa, and Latin America markets are driven by the building & construction industry. The growth of the European market is driven by the presence of strong automotive & wind energy industry. Competitive AnalysisSome of the key players in the global reactive diluents market are BASF SE (Germany), Evonik Industries AG (Germany), Bodo Möller Chemie GmbH (Germany), Ipox Chemicals GmbH (Germany), Huntsman Corporations (U.S.), UL LLC (U.S.), Cargill, Incorporated (U.S.), Air Products and Chemicals, Inc. (U.S.), Hexion.(U.S.), SACHEM Inc. (U.S.), Aditya Birla Chemicals (India), Arkema SA (France), Nippon Shokubai Co., LTD (Japan), ADEKA CORPORATION (Japan), and EMS-CHEMIE HOLDING AG (Switzerland). Access Report @https://www.marketresearchfuture.com/reports/reactive-diluents-market-6013 Like it? Share it!More by this author |