Reactive Diluents Market Report, By Type (Aliphatic, Aromatic, Cycloaliphatic), By Application (Adhesives & sealants, Paints & coatings, Plastics & composites) and Geography - Global Market Share, Trend Analysis & Forecast

Reactive diluents are colourless, clear, low viscous liquids commonly known as thinners. These are short chains aliphatic alcohol or alkyl phenols esters which re added to reduce the viscosity of the substance to ease process of handling. They are also use to improve properties such as thermal stability, reduce volatility, impact & tensile strength, flexibility, and solvent resistance.  Growing product demand in paints & coating owing to its compatibility with both water and solven based paints & coatings will favour product demand. 

Reactive Diluents Market Trends 

• Increase in urbanization with growth in population has led to development of infrastructural projects along with raise in renovation activities resulted in high demand for paints & coatings which will in turn surge demand for reactive diluents. These diluents act as vital additives in paints & coating to enhance mechanical properties and tensile strength 
• Growing reactive diluents demand in solvent free formulations to reduce VOC emission mainly in civil engineering, flooring, tooling, composite and electronic encapsulates is likely to escalate product demand 
• However, availability of substitute like phenolic diluents for great heat, toxic gas and reactive chemicals resistance may act as hinder market growth 

Reactive Diluents Market COVID-19 Impact

Financial crises developed during COVID 19 pandemic has led to closure in of many constructions and infrastructure projects which will hamper demand these materials.  Moreover, major company player are dealing with economic crises due to demand shocks along with temporary shut downs in production facilities which might develop a burden on the companies to maintain supply chain smoothly. 

The report provides market estimation & forecast for global reactive diluents market considering economic conditions during COVID 19 pandemic. Study impact of COVID 19 on market value with holistic approach considering both supply and demand side of the market. Macro and Micro economic factors analysis pertaining to economic policies, GDP and international trade changed due to COVID 19. After COVID 19 scenarios with coping strategies adopted by the major market players

Reactive Diluents Market Regional Highlights

The global market is studied for the key regions such as, North America, Europe, Asia Pacific and Rest of the World. North America comprises of U.S., Canada and Mexico. Whereas, Europe covers UK, France, Germany, Italy, Spain and Rest of Europe. The key countries included under Asia Pacific are China, India, Japan and Rest of Asia Pacific. The Rest of the world includes Latin America and Middle East & Africa. 

Asia Pacific was a lucrative region for the reactive diluents market in 2019. Asia Pacific currently dominates the reactive diluents market, and it is expected to continue its dominance for a few more years.  Growth in construction and automotive industry mainly in India, China, and Japan has led to rise in demand for paints & coatings to enhance aesthetic appearance in these industries which will favour regional demand. 

Reactive Diluents Market Segmental Overview

• The report analyses the global reactive diluents market based on type, application and geography
• Various type studied are segmented into aliphatic, aromatic, cycloaliphatic 
• Furthermore, the major application considered in the study is adhesives & sealants, paints & coatings, plastics & composites. 

Reactive Diluents Market Competitor Analysis

The key players in the reactive diluents market share are Huntsman, Aditya Birla Chemicals, Kukdo Chemicals, Evonik Industries, Adeka Corporation, Cargill, Ems-Griltech, Olin Corporation Sachem, Arkema, Ipox Chemicals, BASF SE, Geo Specialty Chemicals. Major players in the competitive landscape are engaged in strategic partnerships, acquisition and collaboration. Companies are engaged in developing green diluents to arrest VOC emission will enhance product offering to cater growing demand.