Reactive Diluents Market Growth Analysis | 2024-2029

Market Insights

The reactive diluents market was estimated at USD 1.15 billion in 2023 and is likely to grow at a CAGR of 5.85% during 2024-2029 to reach USD 1.60 billion in 2029.

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What is reactive diluent?

The substance that reduces the viscosity of a lacquer for processing is called reactive diluent. Reactive diluents become part of the lacquer during the subsequent curing through the process of copolymerization.

Key Players

Some of the major players in the market are-

• Hexion
• Huntsman
• Aditya Birla Chemicals
• Kukdo Chemicals
• Evonik Industries
• Adeka Corporation
• Cargill
• EMS-Griltech
• Olin

Market Dynamics

The prime factor that is contributing to the demand for reactive diluents is the flourishing building & construction, automotive, aerospace, electronics, and wind turbine industries.

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Segment Analysis

By Application Type

Based on the application type, the market is segmented as paints & coatings, adhesives & sealants, construction & infrastructure, composites, and others. The composite segment is projected to expand with the highest CAGR over the forecast period owing to its excellent strength-to-weight ratio, flexibility, and high tensile strength.

By Product Type

Based on the product type, the market is segmented as aliphatic, aromatic, and cycloaliphatic. The aliphatic segment accounted for the largest share in 2023 and is expected to maintain its dominance during the forecast period. This growth of the segment is owing to the relatively easy production process and low raw material cost.

Regional Insights

In terms of regions, Asia-Pacific is projected to be the largest market. The Asia-Pacific market is expected to grow with a lucrative CAGR due to the growing population, rapid growth of building & construction and automotive industries, and better growth opportunities in composite applications. China and India are the growth engines of the region.

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Critical Questions Answered in the Report

• What are the key trends in the global market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the global market?
• What are the key strategies adopted by the major vendors to lead in the market?
• What is the market share of the top vendors?

Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The reactive diluents market is segmented into the following categories.

By Application Type

• Paints & Coatings
• Adhesives & Sealants
• Construction & Infrastructure
• Composites
• Others

By Product Type

• Aliphatic
• Aromatic
• Cycloaliphatic

By Region

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the application types by product type.

Competitive Benchmarking

• Benchmarking of key players on the following parameters: product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.