Reactive diluents are substances which reduce the viscosity of a lacquer for processing and become part of the lacquer during its subsequent curing via copolymerization. Diluents (or thinners) are usually added to lacquers to reduce their viscosity (they are used to adjust the rheology).
Market Analysis and Insights: Global Reactive Diluents Market
Due to the COVID-19 pandemic, the global Reactive Diluents market size is estimated to be worth US$ 814.9 million in 2022 and is forecast to a readjusted size of US$ 978.7 million by 2028 with a CAGR of 3.1% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Aliphatic accounting for % of the Reactive Diluents global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Paints & Coatings segment is altered to an % CAGR throughout this forecast period.
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.
Global Reactive Diluents Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Reactive Diluents Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Aliphatic
Aromatic
Cycloaliphatic
Segment by Application
Paints & Coatings
Composites
Adhesives
Others
By Company
Hexion
Huntsman
Aditya Birla Chemicals
Kukdo Chemicals
Evonik
Adeka
Cargill
EMS-Griltech
Olin
Sachem
Atul Chemicals
Arkema
Bluestar Wuxi Petrochemical
Cardolite
DIC Corporation
Hubei Phoenix Chemical Company
IPOX Chemicals
King Industries
Leuna-Harze
Royce
Sakamoto Yakuhin Kogyo
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina