The global reactive diluents market size is expected to grow from USD 952 million in 2020 to USD 1,309 million by 2025, at a CAGR of 6.6% during the forecast period. The major factors driving the reactive diluents market are the growth of the global construction sector and the increasing use of composite materials in various industries, such as automotive, aerospace, construction, and electronics.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=207557682
The reactive diluents market includes major players, such as Hexion (US), Huntsman Corporation (US), Kukdo Chemical (South Korea), Aditya Birla Chemicals (India), Evonik Industries (Germany), Adeka Corporation (Japan), Cargill (US), EMS-Griltech (Switzerland), Olin Corporation (US), Sachem (US), Arkema (France), Bluestar Wuxi Petrochemical (China), Atul Chemicals (India), Cardolite (US), DIC Corporation (Japan), Hubei Phoenix Chemical Company (China), Ipox Chemicals (Hungary), Sakamoto Yakuhin Kogyo (Japan), Geo Specialty Chemicals (US), BASF SE (Germany), Nippon Shokubai Co. Ltd (Japan), Air Products and Chemicals (US), Royce (US), King Industries (US), and Leuna-Harze (Germany).
These players have adopted various growth strategies to expand their presence in the market. New product launch, investment & expansion, and partnership have been the leading strategies adopted by them in the last five years, to strengthen their competitiveness and broaden their customer base in the global market.
Hexion (US) is one of the top players in the reactive diluents market. The company is focusing on the new product launch strategy to maintain its leading position in the reactive diluents market. For example, the company launched a two-component epoxy manufacturing solution in March 2019. This new epoxy manufacturing solution will remove production constraints for aerospace composites and maintain a high-performance level in finished parts.
Evonik Industries (Germany) is also progressing in the market by adopting the new product launch strategy. In April 2017, the company extended its portfolio of silane-modified polymers for construction and adhesive industries. The company launched silane-modified reactive diluents: Tegopac RD-1, Tegopac RD-2. These new products are used in polymers during curing; therefore, migration-free adhesive and sealant formulations can be produced.
APAC is poised to lead the reactive diluents market, fueled by its burgeoning developing economies and advancing urbanization. Government initiatives attracting foreign investment further boost demand. The region’s extensive industrial base, particularly in construction and automotive sectors, drives consumption.
Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=207557682
This report categorizes the global reactive diluent market based on type, application, and region.
By Type:
By Application:
By Region:
Read Our Trending Press Release Below:
Laminating Adhesives Industry
Carbon Thermoplastic Market
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
Media ContactCompany Name: MarketsandMarkets™ Research Private Ltd.Contact Person: Mr. Aashish MehraEmail: Send EmailPhone: 18886006441Address:630 Dundee Road Suite 430City: NorthbrookState: IL 60062Country: United StatesWebsite: https://www.marketsandmarkets.com/Market-Reports/reactive-diluent-market-207557682.html
