Global Reactive Diluents Market 2018-2022 – High Volatility in Epoxy Resin Raw Material Prices is Challenging the $1 Billion Market – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The "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" report has been added to ResearchAndMarkets.com's
offering.
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.
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.
Market Dynamics
Drivers
-
Increasing Demand from Building & Construction, Automotive, and Marine
Industries -
Need for Material With High Mechanical Strength, Lightweight, and
Resistance to Corrosion
Restraints
- Increasing Popularity of Alternative Resins
- Stringent Regulatory Consents and Saturated Use in Developed Economies
Opportunities
- Rapid Urbanization in Emerging Economies
- Rapidly Growing Wind Energy Industry
Challenges
- High Volatility in Epoxy Resin Raw Material Prices
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Macroeconomic Indicators
7 Reactive Diluents Market, by Type
8 Reactive Diluents Market, by Application
9 Reactive Diluents Market, by Region
10 Competitive Landscape
11 Company Profiles
- Adeka Corporation
- Aditya Birla Chemicals
- Arkema
- Atul Chemicals
- Bluestar Wuxi Petrochemical
- Cardolite
- Cargill
- DIC Corporation
- EMS-Griltech
- Evonik Industries
- Hexion
- Hubei Phoenix Chemical Company
- Huntsman
- IPOX Chemicals
- King Industries
- Kukdo Chemicals
- Leuna-Harze
- Olin
- Royce
- Sachem
- Sakamoto Yakuhin Kogyo
- Sir Industries
- Spolchemie
- Vertellus Holding
- Yuvraj Chemicals
For more information about this report visit https://www.researchandmarkets.com/research/gt5r3j/global_reactive?w=4
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Topics: Chemicals