HOME Top Market Reports Reactive Diluents Market by Type (Aliphatic, Aromatic, and Cycloaliphatic), Application (Paints & Coatings, Composites, Adhesives & Sealants), and Region (North America, Asia Pacific, Europe, Middle East & Africa) - Global Forecast to 2022

Reactive Diluents Market by Type (Aliphatic, Aromatic, and Cycloaliphatic), Application (Paints & Coatings, Composites, Adhesives & Sealants), and Region (North America, Asia Pacific, Europe, Middle East & Africa) - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: January 2018
Report Code: CH 5903

 

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The reactive diluents market was estimated at USD 772.7 Million in 2016 and is projected to reach USD 1,072.0 Million by 2022, at a CAGR of 5.5% during the forecast period. In this study, 2016 has been considered as the base year, while the forecast period has been considered from 2017 to 2022.

The main objective of the study is to define, describe, and forecast the reactive diluents market based on type, application, and region. The report includes detailed information about the major factors, such as drivers, restraints, opportunities, and industry-specific challenges influencing the growth of the market. The report strategically analyzes the market segments with respect to individual growth trends, growth prospects, and contribution to the total market. In the report, the reactive diluents market has been studied for key regions, namely, North America, Europe, Asia Pacific, the Middle East & Africa, and South America.

In this report, market sizes have been derived from various research methodologies. In the secondary research process, different sources have been referred to, to identify and collect information for this study on the reactive diluents market. These secondary sources include annual reports, press releases, and investor presentations of companies, associations such as Epoxy Resin Committee (ERC), American Coatings Association, The World Paint & Coatings Industry Association, and others; and white papers, certified publications, and articles from recognized authors. In the primary research process, sources from both supply and demand sides have been interviewed to obtain qualitative and quantitative information for this report. The bottom-up approach has been used to estimate the market size, in terms of value. The top-down approach has been implemented to validate the market size, in terms of value. With the data triangulation procedure and validation of data through primaries, exact values of the sizes of the overall parent market and individual markets have been determined and confirmed in this study.

The figure below illustrates the breakdown of profiles of primary interview participants.

Reactive Diluents Market

To know about the assumptions considered for the study, download the pdf brochure

The reactive diluents market includes raw material suppliers, manufacturers, and end users of reactive diluents. Hexion (US), Huntsman Corporation (US), Aditya Birla Chemicals (India), Kukdo Chemical (South Korea), Evonik Industries (Germany), Adeka Corporation (Japan), Cargill (US), EMS-Griltech (Switzerland), Olin Corporation (US), and Sachem (US) are the leading players operating in the reactive diluents market.

The stakeholders in the reactive diluents market are:

  • Reactive Diluents Manufacturers
  • Reactive Diluents Traders, Distributors, and Suppliers
  • Raw Material Suppliers
  • Governments and Research Organizations
  • Associations and Industrial Bodies
  • R&D Institutions
  • Environment Support Agencies

Scope of the Report

The report forecasts revenue growth and provides an analysis of trends in each of the subsegments of the reactive diluents market. This research report categorizes the market based on the following:

Reactive Diluents Market, By Type:

  • Aliphatic
  • Aromatic
  • Cycloaliphatic

Reactive Diluents Market, By Application:

  • Paints & Coatings
  • Composites
  • Adhesives
  • Others (potting and encapsulation of electronics components, tooling, and castings)

Reactive Diluents Market, By Region:

  • North America
  • Asia Pacific
  • Europe
  • Middle East & Africa
  • South America

Each region has been further segmented into the key countries in that region.

Available Customizations:

The following customization options are available for the report:

  • Country Information
    • Reactive diluents market analysis for additional countries
  • Company Information
    • Detailed analysis and profiles of additional market players (up to five)

Table of Contents

1 Introduction (Page No. - 13)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Units Considered
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
           2.1.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Assumptions

3 Executive Summary (Page No. - 25)

4 Premium Insights (Page No. - 28)
    4.1 Attractive Opportunities in the Reactive Diluents Market Between 2017 and 2022
    4.2 Reactive Diluents Market, By Application
    4.3 Reactive Diluents Market, By Type
    4.4 APAC Reactive Diluents Market, By Application and Country
    4.5 Reactive Diluents Market Share, By Region

5 Market Overview (Page No. - 31)
    5.1 Introduction
           5.1.1 Drivers
                    5.1.1.1 Increasing Demand From Building & Construction, Automotive, and Marine Industries
                    5.1.1.2 Need for Material With High Mechanical Strength, Lightweight, and Resistance to Corrosion
           5.1.2 Restraints
                    5.1.2.1 Increasing Popularity of Alternative Resins
                    5.1.2.2 Stringent Regulatory Consents and Saturated Use in Developed Economies
           5.1.3 Opportunities
                    5.1.3.1 Rapid Urbanization in Emerging Economies
                    5.1.3.2 Rapidly Growing Wind Energy Industry
           5.1.4 Challenges
                    5.1.4.1 High Volatility in Epoxy Resin Raw Material Prices
    5.2 Porter’s Five Forces
           5.2.1 Bargaining Power of Suppliers
           5.2.2 Bargaining Power of Buyers
           5.2.3 Threat of New Entrants
           5.2.4 Threat of Substitutes
           5.2.5 Intensity of Competitive Rivalry

6 Macroeconomic Indicators (Page No. - 39)
    6.1 Trend and Forecast of GDP
    6.2 Automotive Industry
    6.3 Construction Industry
           6.3.1 Trends of Construction Industry in North America
           6.3.2 Trends of Construction Industry in Europe
           6.3.3 Trends of Construction Industry in APAC
    6.4 Trends in Wind Energy Industry

7 Reactive Diluents Market, By Type (Page No. - 43)
    7.1 Introduction
    7.2 Aliphatic
    7.3 Aromatic
    7.4 Cycloaliphatic

8 Reactive Diluents Market, By Application (Page No. - 46)
    8.1 Introduction
    8.2 Paints & Coatings
    8.3 Adhesives & Sealants
    8.4 Composites
    8.5 Others

9 Reactive Diluents Market, By Region (Page No. - 50)
    9.1 Introduction
    9.2 APAC
           9.2.1 China
           9.2.2 India
           9.2.3 Japan
           9.2.4 South Korea
           9.2.5 Rest of APAC
    9.3 North America
           9.3.1 US
           9.3.2 Canada
           9.3.3 Mexico
    9.4 Europe
           9.4.1 Germany
           9.4.2 France
           9.4.3 UK
           9.4.4 Italy
           9.4.5 Spain
           9.4.6 Rest of Europe
    9.5 Middle East & Africa
           9.5.1 Saudi Arabia
           9.5.2 UAE
           9.5.3 South Africa
           9.5.4 Rest of Middle East & Africa
    9.6 South America
           9.6.1 Brazil
           9.6.2 Argentina
           9.6.3 Rest of South America

10 Competitive Landscape (Page No. - 84)
     10.1 Introduction
     10.2 Market Ranking Analysis
     10.3 Competitive Scenario
             10.3.1 New Product Launches
             10.3.2 Partnerships
             10.3.3 Expansions

11 Company Profiles (Page No. - 88)
(Overview, Financial*, Products & Services, Strategy, and Developments)
     11.1 Hexion
     11.2 Huntsman
     11.3 Aditya Birla Chemicals
     11.4 Kukdo Chemicals
     11.5 Evonik Industries
     11.6 Adeka Corporation
     11.7 Cargill
     11.8 EMS-Griltech
     11.9 Olin
     11.10 Sachem
     11.11 Other Players
             11.11.1 Atul Chemicals
             11.11.2 Arkema
             11.11.3 Bluestar Wuxi Petrochemical
             11.11.4 Cardolite
             11.11.5 DIC Corporation
             11.11.6 Hubei Phoenix Chemical Company
             11.11.7 IPOX Chemicals
             11.11.8 King Industries
             11.11.9 Leuna-Harze
             11.11.10 Royce
             11.11.11 Sakamoto Yakuhin Kogyo
             11.11.12 Sir Industries
             11.11.13 Spolchemie
             11.11.14 Vertellus Holding
             11.11.15 Yuvraj Chemicals

*Details Might Not Be Captured in Case of Unlisted Companies

12 Appendix (Page No. - 110)
     12.1 Insights From Industry Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets Subscription Portal
     12.4 Introducing RT: Real-Time Market Intelligence
     12.5 Available Customizations
     12.6 Related Reports
     12.7 Author Details


List of Tables (77 Tables)

Table 1 Trends and Forecast of GDP Growth Rates From 2016 to 2021
Table 2 Motor Vehicle Production Between 2013 and 2016
Table 3 Contribution of Construction Industry to GDP in North America, USD Billion
Table 4 Contribution of Construction Industry to GDP in Europe (USD Billion)
Table 5 Contribution of Construction Industry to GDP in APAC (USD Billion)
Table 6 Wind Energy Installation, Mw (2012–2016)
Table 7 Reactive Diluents Market Size, By Type, 2015–2022 (Kiloton)
Table 8 Reactive Diluents Market Size, By Type, 2015–2022 (USD Million)
Table 9 Reactive Diluents Market Size, By Application, 2015–2022 (Kiloton)
Table 10 Reactive Diluents Market Size, By Application, 2015–2022 (USD Million)
Table 11 Reactive Diluents Market Size, By Region, 2015–2022 (Kiloton)
Table 12 Reactive Diluents Market Size, By Region, 2015–2022 (USD Million)
Table 13 APAC: Reactive Diluents Market Size, By Country, 2015–2022 (Kiloton)
Table 14 APAC: Reactive Diluents Market Size, By Country, 2015–2022 (USD Million)
Table 15 APAC: Reactive Diluents Market Size, By Application, 2015–2022 (Kiloton)
Table 16 APAC: Reactive Diluents Market Size, By Application, 2015–2022 (USD Million)
Table 17 China: By Market Size, By Application, 2015–2022 (Kiloton)
Table 18 China: By Market Size, By Application, 2015–2022 (USD Million)
Table 19 India: Reactive Diluents Market Size, By Application, 2015–2022 (Kiloton)
Table 20 India: By Market Size, By Application, 2015–2022 (USD Million)
Table 21 Japan: Reactive Diluents Market Size, By Application, 2015–2022 (Kiloton)
Table 22 Japan: By Market Size, By Application, 2015–2022 (USD Million)
Table 23 South Korea: Reactive Diluents Market Size, By Application, 2015–2022 (Kiloton)
Table 24 South Korea: By Market Size, By Application, 2015–2022 (USD Million)
Table 25 Rest of APAC: By Market Size, By Application, 2015–2022 (Kiloton)
Table 26 Rest of APAC: By Market Size, By Application, 2015–2022 (USD Million)
Table 27 North America: By Market Size, By Country, 2015–2022 (Kiloton)
Table 28 North America: By Market Size, By Country, 2015–2022 (USD Million)
Table 29 North America: By Market Size, By Application, 2015–2022 (Kiloton)
Table 30 North America: By Market Size, By Application, 2015–2022 (USD Million)
Table 31 US: Reactive Diluents Market Size, By Application, 2015–2022 (Kiloton)
Table 32 US: By Market Size, By Application, 2015–2022 (USD Million)
Table 33 Canada: Reactive Diluents Market Size, By Application, 2015–2022 (Kiloton)
Table 34 Canada: By Market Size, By Application, 2015–2022 (USD Million)
Table 35 Mexico: By Market Size, By Application, 2015–2022 (Kiloton)
Table 36 Mexico: By Market Size, By Application, 2015–2022 (USD Million)
Table 37 Europe: By Market Size, By Country, 2015–2022 (Kiloton)
Table 38 Europe: By Market Size, By Country, 2015–2022 (USD Million)
Table 39 Europe: By Market Size, By Application, 2015–2022 (Kiloton)
Table 40 Europe: By Market Size, By Application, 2015–2022 (USD Million)
Table 41 Germany: By Market Size, By Application, 2015–2022 (Kiloton)
Table 42 Germany: By Market Size, By Application, 2015–2022 (USD Million)
Table 43 France: By Market Size, By Application, 2015–2022 (Kiloton)
Table 44 France: By Market Size, By Application, 2015–2022 (USD Million)
Table 45 UK: By Market Size, By Application, 2015–2022 (Kiloton)
Table 46 UK: By Market Size, By Application, 2015–2022 (USD Million)
Table 47 Italy: By Market Size, By Application, 2015–2022 (Kiloton)
Table 48 Italy: By Market Size, By Application, 2015–2022 (USD Million)
Table 49 Spain: By Market Size, By Application, 2015–2022 (Kiloton)
Table 50 Spain: By Market Size, By Application, 2015–2022 (USD Million)
Table 51 Rest of Europe: By Market Size, By Application, 2015–2022 (Kiloton)
Table 52 Rest of Europe: By Market Size, By Application, 2015–2022 (USD Million)
Table 53 Middle East & Africa: Reactive Diluents Market Size, By Country, 2015–2022 (Kiloton)
Table 54 Middle East & Africa: By Market Size, By Country, 2015–2022 (USD Million)
Table 55 Middle East & Africa: By Market Size, By Application, 2015–2022 (Kiloton)
Table 56 Middle East & Africa: By Market Size, By Application, 2015–2022 (USD Million)
Table 57 Saudi Arabia: Reactive Diluents Market Size, By Application, 2015–2022 (Kiloton)
Table 58 Saudi Arabia: By Market Size, By Application, 2015–2022 (USD Million)
Table 59 UAE: By Market Size, By Application, 2015–2022 (Kiloton)
Table 60 UAE: By Market Size, By Application, 2015–2022 (USD Million)
Table 61 South Africa: Reactive Diluents Market Size, By Application, 2015–2022 (Kiloton)
Table 62 South Africa: By Market Size, By Application, 2015–2022 (USD Million)
Table 63 Rest of Middle East & Africa: By Market Size, By Application, 2015–2022 (Kiloton)
Table 64 Rest of Middle East & Africa: By Market Size, By Application, 2015–2022 (USD Million)
Table 65 South America: Reactive Diluents Market Size, By Country, 2015–2022 (Kiloton)
Table 66 South America: By Market Size, By Country, 2015–2022 (USD Million)
Table 67 South America: By Market Size, By Application, 2015–2022 (Kiloton)
Table 68 South America: By Market Size, By Application, 2015–2022 (USD Million)
Table 69 Brazil: Reactive Diluents Market Size, By Application, 2015–2022 (Kiloton)
Table 70 Brazil: By Market Size, By Application, 2015–2022 (USD Million)
Table 71 Argentina: By Market Size, By Application, 2015–2022 (Kiloton)
Table 72 Argentina: By Market Size, By Application, 2015–2022 (USD Million)
Table 73 Rest of South America: By Market Size, By Application, 2015–2022 (Kiloton)
Table 74 Rest of South America: By Market Size, By Application, 2015–2022 (USD Million)
Table 75 New Product Launches, 2013–2017
Table 76 Partnerships, 2013–2017
Table 77 Expansions, 2013–2017


List of Figures (28 Figures)

Figure 1 Reactive Diluents Market: Research Methodology
Figure 2 Reactive Diluents Market: Data Triangulation
Figure 3 Paints & Coatings Application to Lead the Reactive Diluents Market Between 2017 and 2022
Figure 4 Aliphatic Reactive Diluents to Lead Market Between 2017 and 2022
Figure 5 APAC to Be the Fastest-Growing Market During the Forecast Period
Figure 6 Increasing Demand From End-Use Industries to Drive the Market
Figure 7 Paints & Coatings Application to Account for the Largest Market Share
Figure 8 Aliphatic Reactive Diluents to Lead the Market Between 2017 and 2022
Figure 9 Paints & Coating Was the Largest Application in Reactive Diluents Market-2016
Figure 10 APAC Accounted for the Largest Market Share in 2016
Figure 11 Drivers, Restraints, Opportunities, and Challenges in Reactive Diluents Market
Figure 12 Globally Installed Wind Power Capacity (Mw) – Regional Distribution-2016
Figure 13 Oil Price Fluctuation
Figure 14 Reactive Diluents Market: Porter’s Five Forces Analysis
Figure 15 Aliphatic Reactive Diluent to Be the Largest Type Between 2017 and 2022
Figure 16 Paints & Coatings to Be the Largest Application Between 2017 and 2022
Figure 17 India to Register the Highest CAGR in the Reactive Diluents Market Between 2017 and 2022
Figure 18 APAC Reactive Diluents Market Snapshot
Figure 19 North American Reactive Diluents Market Snapshot
Figure 20 Germany to Lead the Market in Europe Between 2017 and 2022
Figure 21 Companies Adopted New Product Launches as the Key Growth Strategy, 2013–2017
Figure 22 Hexion Dominated the Reactive Diluents Market, 2016
Figure 23 Hexion: Company Snapshot
Figure 24 Huntsman: Company Snapshot
Figure 25 Evonik Industries: Company Snapshot
Figure 26 Adeka: Company Snapshot
Figure 27 Cargill: Company Snapshot
Figure 28 Olin: Company Snapshot

The reactive diluents market is estimated at USD 818.9 Million in 2017 and is projected to reach USD 1,072.0 Million by 2022, at a CAGR of 5.5% between 2017 and 2022. The growth is driven by the increasing demand for reactive diluents-based epoxy resins from end-use industries such as automotive, electronics, wind turbine, and construction & civil engineering. These end-use industries have a high consumption of paints & coatings, composites, and adhesives, which, in turn, increases the demand for reactive diluents. In addition, rising GDP, growing disposable income, increasing use of composites instead of conventional materials, and increasing number of product launches, expansions, and other development activities also drive the reactive diluents market, globally.

The aliphatic type is projected to be the largest and fastest-growing segment of the market during the forecast period, in terms of both value and volume. The growth in the use of aliphatic reactive diluents is due to their wide use in almost all the end-use industries. Moreover, low raw material cost and easy production process also fuels the demand for aliphatic reactive diluents, globally.

The paints & coatings segment is projected to be the largest application segment of reactive diluents during the forecast period, in terms of both value and volume, owing to the rapid urbanization and growing population. This is also mainly due to the number of projects being commissioned and tendered in various emerging countries.

Reactive Diluents Market

Asia Pacific is projected to be the largest market for reactive diluents during the forecast period. The demand for reactive diluents is high in the region due to the large industrial base. In addition to this, the increasing use of reactive diluents in the automotive and wind energy industries and related growth in emerging economies such as India, China, and South Korea also drives the reactive diluents market growth in the region. The reactive diluents market in Asia Pacific is also projected to witness the highest growth during the forecast period, owing to the rising urbanization and standard of living, which, in turn, is expected to boost the demand for automobiles in the region during the forecast period. In addition, government initiatives and policies to attract investments from various international companies will boost the growth of the various end-use industries of reactive diluents and support the growth of the market in the region.

Major restraint for the reactive diluents market includes the increasing popularity of alternative resins such as phenolic due to its properties such as excellent resistance to chemical, heat, fire, and toxic gasses. It is replacing epoxy resin in structural applications and structures requiring ablative properties. Similarly, Bismaleimide resin outperforms epoxy in terms of offering superior properties such as high stiffness, excellent thermal properties, low moisture absorption, and better flammability resistance.

Key players, such as Hexion (US), Kukdo Chemical (South Korea), Aditya Birla Chemicals (India), Huntsman Corporation (US), and Evonik Industries (Germany) are operating in the reactive diluents market, adopted both organic as well as inorganic growth strategies between 2013 and 2017 to strengthen their position in the market. New product launches was the major growth strategy adopted by the market players to enhance their regional presence and meet the growing demand for reactive diluents in the emerging economies.

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