Reactive Diluents Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 3.00 % |
| Fastest Growing Market | North America |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Reactive Diluents Market Analysis
The market for reactive diluents is expected to grow at a CAGR of about 3% globally during the forecast period. Increasing application in paints and coatings, adhesives and sealants, and growing demand owing to its wide range of applications are driving the market growth. On the flip side, environmental and regulatory concerns are expected to hinder the growth of the market.
- The reactive diluents market is expected to grow during the forecast period owing to the increasing application in paints and coatings.
- Asia-Pacific region dominated the market across the globe with the largest consumption from countries, such as China, India, and Japan.
Reactive Diluents Market Trends
This section covers the major market trends shaping the Reactive Diluents Market according to our research experts:
Increasing Application in Paints and Coatings
- Reactive diluents are substances that reduce the viscosity of lacquer for processing and become part of the lacquer during its subsequent curing via copolymerization.
- The increasing buildings and construction sector is attributing to the growing application of reactive diluents in paints and coatings, thereby increasing its market.
- These reactive diluents are added to paints and coatings to decrease viscosity, improve nonflammability, smell, reduce the risk of causing skin irritation, and increase environmental compatibility by lower or no VOC emissions.
- It is estimated that around 27,000 - 50,000 new homes in the United Kingdom are to be built by 2022, which in turn increases the scope for this market.
- The growing demand for paints and coatings from the automotive sector is increasing the application of reactive diluents.
- Hence, owing to the growing application of paints and coatings in buildings & construction, especially in Asia-Pacific and North American countries, the demand for reactive diluents is expected to increase over the forecast period.
Asia-Pacific Region to Dominate the Market
- Asia-Pacific region is expected to dominate the market for reactive diluents during the forecast period. Due to the high demand from countries like China, India, and Japan, the market for reactive diluents has been increasing.
- The largest producers of reactive diluents are located in the Asia-Pacific region. Some of the leading companies in the production of reactive diluents are Arkema Group, Huntsman International LLC, Olin Corporation, Kukdo Chemical Co., Ltd, Epoxy Division, and Aditya Birla Chemicals (Thailand) Limited.
- The Indian government has announced an investment worth USD 31,650 billion for the construction of 100 cities, under the smart cities plan. 100 smart cities and 500 cities are likely to invite investments worth INR 2 trillion (~USD 28.18 billion) over the coming five years, creating scope for the application of reactive diluents in paints and coatings.
- The Chinese government has rolled out massive construction plans, including making provisions for the movement of 250 million people to its new megacities over the next ten years, creating a major scope for construction activity.
- Apart from paints and coatings, these reactive diluents are also used in adhesives & sealants, composites, and others with multiple applications in various end-user industries like automotive, electrical & electronics, and others.
- Aliphatic group is the most common type of reactive diluent unit which is widely used in multiple applications
- The aforementioned factors, coupled with government support, are contributing to the increasing demand for reactive diluents during the forecast period.
Reactive Diluents Industry Overview
The global reactive diluents market is fragmented, with players accounting for a marginal share of the market. Few companies include Arkema Group, Huntsman International LLC, Olin Corporation, Cardolite, Epoxy Division, and Aditya Birla Chemicals (Thailand) Limited.
Reactive Diluents Market Leaders
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Arkema Group
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Huntsman International LLC
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Olin Corporation
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Cardolite
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Epoxy Division Aditya Birla Chemicals (Thailand) Limited
*Disclaimer: Major Players sorted in no particular order
Reactive Diluents Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Drivers
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4.1.1 Increasing Application in Paints & Coatings, Adhesives and Sealants
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4.1.2 Growing Demand Owing to its Wide Range of Applications
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4.2 Restraints
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4.2.1 Environmental and Regulatory Concerns
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4.2.2 Other Restraints
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4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Degree of Competition
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5. MARKET SEGMENTATION
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5.1 Reactive Diluent Type
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5.1.1 Aliphatic
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5.1.2 Aromatic
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5.1.3 Cycloaliphatic
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5.1.4 Other Reactive Diluent Types
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5.2 Application
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5.2.1 Paints and Coatings
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5.2.2 Adhesives and Sealants
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5.2.3 Composites
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5.2.4 Other Applications
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5.3 Geography
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5.3.1 Asia-Pacific
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5.3.1.1 China
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5.3.1.2 India
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5.3.1.3 Japan
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5.3.1.4 South Korea
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5.3.1.5 Rest of Asia-Pacific
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5.3.2 North America
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5.3.2.1 United States
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5.3.2.2 Canada
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5.3.2.3 Mexico
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5.3.3 Europe
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5.3.3.1 Germany
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5.3.3.2 United Kingdom
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5.3.3.3 France
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5.3.3.4 Italy
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5.3.3.5 Rest of Europe
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5.3.4 South America
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5.3.4.1 Brazil
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5.3.4.2 Argentina
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5.3.4.3 Rest of South America
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5.3.5 Middle East & Africa
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5.3.5.1 Saudi Arabia
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5.3.5.2 South Africa
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5.3.5.3 Rest of Middle East & Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Market Share/Ranking Analysis**
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6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
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6.4.1 Arkema Group
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6.4.2 Cardolite
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6.4.3 Epoxy Division Aditya Birla Chemicals (Thailand) Limited
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6.4.4 Evonik Industries AG
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6.4.5 Huntsman International LLC
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6.4.6 King Industries, Inc
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6.4.7 KUKDO CHEMICAL CO., LTD
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6.4.8 Olin Corporation
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6.4.9 Remix
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6.4.10 SACHEM, INC
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Reactive Diluents Industry Segmentation
The reactive diluents market report includes:
| Reactive Diluent Type | |
| Aliphatic | |
| Aromatic | |
| Cycloaliphatic | |
| Other Reactive Diluent Types |
| Application | |
| Paints and Coatings | |
| Adhesives and Sealants | |
| Composites | |
| Other Applications |
| Geography | |||||||
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Reactive Diluents Market Research FAQs
What is the current Reactive Diluents Market size?
The Reactive Diluents Market is projected to register a CAGR of 3% during the forecast period (2024-2029)
Who are the key players in Reactive Diluents Market?
Arkema Group , Huntsman International LLC , Olin Corporation , Cardolite and Epoxy Division Aditya Birla Chemicals (Thailand) Limited are the major companies operating in the Reactive Diluents Market.
Which is the fastest growing region in Reactive Diluents Market?
North America is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Reactive Diluents Market?
In 2024, the Asia Pacific accounts for the largest market share in Reactive Diluents Market.
What years does this Reactive Diluents Market cover?
The report covers the Reactive Diluents Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Reactive Diluents Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Reactive Diluents Industry Report
Statistics for the 2024 Reactive Diluents market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Reactive Diluents analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
