Epoxy Active Diluent Market Size, Share and Industry Analysis Report, Regional Outlook, Application Development Potential, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI4372
Epoxy active diluent market will witness considerable growth during the period 2021 to 2027 due to the mount in R&D investments and continuous innovations in the space. The significant advances in the construction sector have made way for a wide range of viscosity modifiers to render simplified adhesive applications. The growing environmental limitations of solvents along with the increasing product adoption in epoxy/polyamide primers will contribute commendably to the market expansion.
Epoxy active diluents are a collection of compounds comprising one or more epoxy groups, that help in reducing the viscosity of epoxy formulations systems.
The adverse health effects arising from overexposure to epoxy and the rising conventional uses of solvents may hamper the product demand growth to some extent.
The epoxy active diluent industry is segmented into mono-functional, di-functional, and tri-functional, based on type. Out of these, the mono-functional active diluents will record optimum consumption on account of higher usage in a diverse assortment of coatings in the automotive and civil engineering industries. Apart from offering low shrinkage and a unique softness, these diluents provide enhanced wetting properties, adhesion & impact strength, water & weather resistance, and high flexibility. Rising utility as polymer manufacturing intermediates is another growth driver for the industry.
Epoxy active diluent market size from the paints & coatings application will expand with the increasing need for coatings for industrial maintenance, floorings, marine, and aerospace arenas. As the diluents limit the viscosity of typical epoxy resins devoid of any impacts on the performance properties, they offer enhanced handling and ease of application. Rising preference over solvent-based paints and the higher penetration in construction applications, given their improved water tolerance and lower levels of vapor pressure, will further impact the industry dynamics positively.
Regionally, Asia-Pacific epoxy active diluent market will witness prominence through 2027 owing to the rising government spending coupled with the mount in the number of initiatives for installing security cameras in public areas. The expanding construction sector has stirred the adoption of paints & coatings. Driven by the booming urban population and the higher need for housing, transportation, and energy systems, there is a thriving demand for epoxy active diluents in the region. The surge in the number of terrorist and criminal activities will further drive regional market growth.
Some of the major epoxy active diluent industry players include Evonik (RAG-Stiftung), Air Products and Chemicals, Inc, Hexion (Hexion Intermediate Holding 2, Inc.), Arkema (Arkema S.A.), Dow Chemical Company (Dow Inc.), GABRIEL Chem (Huntsman Corporation), Sakamoto Yakuhin Kogyo, King Industries, Inc, EMS-CHEMIE HOLDING AG (Emesta Holding AG), Arnette Polymers, LLC, Brentagg (DB US Holding Corporation), SACHEM Inc., Aditya Birla Chemicals, Huntsman Corporation, and Cardolite.
These firms are taking up targeted efforts, including acquisitions, partnerships, and investments, and are consistently focusing on new product launches and distribution agreements to proliferate their portfolio and customer base.
COVID-19 pandemic and its effect on the epoxy active diluent industry outlook
The present COVID-19 outbreak hampered the global economy considering the disrupted businesses and loss of employment. The market space for epoxy active diluents also experienced a significant blow due to the stunted production activities caused by the dearth of materials and imposition of trade limitations. The abruptly stopped construction activities and projects across the globe also led to the impeded product demand and supply.
What Information does this report contain?
Customize this Report
Our Market Research Reports Include:
- Market snapshot
- Market Segmentation
- Value Chain Analysis
- Growth Dynamics
- Potential Market Opportunities
- Regulatory Overview
- Technology Evolution
- Innovation & Sustainability