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Epoxy Active Diluent Market size is expected to witness robust growth during 2023-2032 due to an increase in R&D spending and ongoing technological advancements in this space.
Substantial growth in the construction sector has fueled the need for a wide variety of viscosity modifiers that provide easier adhesives. Epoxy active diluents are compounds that comprise one or more epoxy groups which help in lessening the viscosity of epoxy formulations. However, the negative health effects of excessive epoxy exposure and the growing usage of conventional solvents may partially restrain product use.
The epoxy active diluent market is segmented into mono-functional, di-functional, and tri-functional segments, depending on the type. The mono-functional active diluents are estimated to witness high consumption due to their increased use in a wide range of coating applications in the automotive and civil engineering sectors. These diluents offer great flexibility, increased wetting properties, adhesion, and impact strength, as well as reduced shrinkage and a distinctive softness.
Epoxy active diluent market value from the paints and coatings end-use is expected to grow in response to the rising requirement for coatings in the industrial maintenance, flooring, marine, and aerospace sectors. Epoxy active diluents provide improved handling and application since they reduce the viscosity of common epoxy resins without affecting their performance characteristics. Given their better water tolerance and lower levels of vapor pressure, these diluents will find robust applications in solvent-based paints in the construction sector.
Asia-Pacific is projected to emerge as lucrative business growth for the epoxy active diluent industry due to increased government investment and robust efforts to install security cameras in public places. The growing construction sector in the region has elevated the use of these compounds in paints and coatings. A rise in the urban population and the greater demand for housing, transportation, and energy infrastructure will facilitate product penetration. Furthermore, the rise in terrorist attacks and criminal activity will fuel the need for robust coating solutions for security surveillance systems.
The Russia-Ukraine conflict impact the epoxy active diluent market to some extent, especially at a time when the world was recovering from the devastating impacts of the COVID-19 pandemic. The conflict between these two nations has resulted in supply chain interruptions, a rise in commodity prices, and economic penalties against numerous nations. The disruption of Russia's energy supply poses a risk to the global economy, which may cause a delay in global growth and increase inflation.
Key companies operating in the global epoxy active diluent market include Air Products and Chemicals, Evonik (RAG-Stiftung), Hexion, Dow Chemical Company (Dow Inc.), Arkema, GABRIEL Chem (Huntsman Corporation), Cardolite, King Industries, Inc, Sakamoto Yakuhin Kogyo, EMS-CHEMIE HOLDING AG, LLC, Arnette Polymers, Brentagg (DB US Holding Corporation), Aditya Birla Chemicals, SACHEM Inc., and Huntsman Corporation.