Global Reactive Diluents Market Size Expected To Be Valued Around USD 2101.2 Million by 2032
As per the researchers at Zion Market Research, the global Reactive Diluents Market was valued at USD 1160.37 Million in 2023 and is projected to hit USD 2101.2 Million by 2032, with a compound annual growth rate (CAGR) of 6.82% during the forecast period 2024–2032.
Few of the key players active within the global reactive diluents market consist of Huntsman, Hexion, Kukdo Chemicals, Aditya Birla Chemicals, Adeka Corporation, Evonik Industries, Olin Corporation, EMS-Griltech, UL LLC, Sachem, Nippon Shokubai Co., LTD, Arkema SA, EMS-CHEMIE HOLDING AG, , Ipox Chemicals GmbH, and Bodo Moeller Chemie GmbH.
Rising Demand From End-Use Industries Projected To Drive The Global Market Growth
The growth of the global reactive diluents market is mainly propelled by the rising need for reactive diluents-based epoxy resins from a number of industries like electronics, automotive, construction & civil engineering, and wind turbine. These end-use industries have an escalated utilization of composites, adhesives, and paints & coatings, which consecutively augments the requirement for reactive diluents. Furthermore, the increasing disposable income, the growing GDP, rising usage of composites rather than conventional materials, along with the intensifying count of expansions, product launches, and other development activities are expected to boost the growth of the global reactive diluents market during the forecast period.
Aliphatic Segment, On The Basis Of Type, Anticipated To Capture Highest Share In The Market
The aliphatic segment, on the basis of type, is anticipated to hold the biggest share in the global reactive diluents market during the forecast period, in terms of volume and value. It is extensively utilized as a reactive diluent in wind turbines, building & construction, and automotive industries. Further, the rising need for composites within the automotive sector and the low-priced raw material together with simple production procedures are other factors contributing to the expansion of aliphatic reactive diluents.
Asia Pacific Region Is Expected To Dominate The Global Market During The Forecast Period
Geographically, Asia Pacific region is expected to lead the global reactive diluents market during the forecast period expanding at a substantial rate as a result of the rising population, growing standard of living, and rapid urbanization. Additionally, the flourishing electronics industry in nations like South Korea, Japan, & Taiwan and automobile industry within China is expected to drive the reactive diluents demand in Asia Pacific. Furthermore, rise in renovation and construction activities in North America is anticipated to boost the reactive diluents market in this region. Also, Europe is expected to witness considerable expansion owing to the existence of an ingrained automotive industry and growth in the microelectronic industry. In addition, requirement for reactive diluents is projected to boost in Latin America attributable to the expansion in the construction industry along with the increase in the economy of Mexico and Brazil. Moreover, increase in construction & building activities to augment tourism is projected to fuel the reactive diluent demand in the Middle East & Africa region in the years to come.
Browse the full “Global Reactive Diluents Market -By Application (Composites, Paints & Coatings, Adhesives, And Others (Tooling, Castings, And Potting & Encapsulation Of Electronics Components)), By Diluents Type (Aromatic, Aliphatic, And Cycloaliphatic), And By Region — Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024–2032” Report at https://www.zionmarketresearch.com/report/reactive-diluents-market
Key players influencing the market growth are -
- SACHEM, Inc
- Huntsman Corporation
- ipox chemicals Kft
- Hexion Inc.
- Kukdo Chemical Co Ltd cals
- NIPPON SHOKUBAI CO., LTD.
- ARKEMA INTERNATIONAL SA
- Aditya Birla Chemicals
- ADEKA CORPORATION
- Evonik Industries AG Procurement Building
- Ems Chemie Holding AG AG
- Olin
- EMS-CHEMIE (Business Unit EMS-GRILTECH)
- UL Solutions
- ボド・メラー・ケミー・ジャパン株式会社 (Bodo Moeller Chemie Japan K.K.)
The global reactive diluents market is segmented as follows:
By Diluents Type
- Aliphatic
- Aromatic
- Cycloaliphatic
By Application
- Paints & Coatings
- Composites
- Adhesives
- Others (potting and encapsulation of electronics components, tooling, and castings)
By Region
- North AmericaThe U.S.Canada
- EuropeFranceThe UKSpainGermanyItalyRest of Europe
- Asia PacificChinaJapanIndiaSouth KoreaSoutheast AsiaRest of Asia Pacific
- Latin AmericaBrazilMexicoRest of Latin America
- Middle East & AfricaGCCSouth AfricaRest of Middle East & Africa
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