Global Epoxy Active Diluent Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI4372
Epoxy Active Diluent Market is observing a steady rise on account of growing construction industry in Asia Pacific. They are majorly used as viscosity modifiers for epoxy resins systems so as to either facilitate easy adhesive application onto a substrate or permit easy compounding with other ingredients. Solvents have comparatively high vapor pressure and vaporize under certain fixed environmental conditions. Diluents have higher vapor pressure and are preferred over solvents as they do not vaporize at ambient conditions. The product is principally recommended for use in epoxy/polyamide primers; however, it can also be utilized in systems that are crosslinked with polyisocyanates or amino resins. A variety of diluents with a wide range of solvent strengths, dispersion powers and evaporation rates, are used in varied epoxy adhesive formulations.
According to the United Nations, in 2018, 55% of the global population was living in urban areas. As per the UN, the proportion is expected to increase to 68% by 2050. The organization predicts that India, China, and Nigeria will lead this trend, accounting for 35% of the projected growth of the world’s urban population between 2018 and 2050. In terms of region, Asia Pacific will lead the urbanization growth till 2050. This rising urban population will need housing, transportation, energy systems, and other infrastructure. These trends will additionally influence product demand for paints & coating, and plastic industry over the forecast timeframe.
The main restraint for the epoxy active diluent market growth has been the conventional uses of solvents in industries. Additionally, solvents are widely available, in various ranges, lowering their cost relative to diluents. However, increasing government regulations and health hazards related to the solvent vapors across the globe will eventually benefit epoxy active diluent market growth over the forecast period.
The epoxy active diluents market is segregated on the basis of types which include, mono-functional, di-functional, and tri-functional. These are general types of aliphatic, aromatic and cycloaliphatic ethers. Mono-functional diluents offer unique softness, low shrinkage and high diluency capabilities making it the desired type of diluent in the overall market. Other properties offered by mono-functional diluents are good adhesion, water & weather resistance, good wetting properties, high flexibility, high impact strength, low shrinkage and low surface tension. Mono-functional diluents are projected to witness substantial growth in epoxy active diluent market over the forecast timeframe.
The application segment of the epoxy active diluent market includes paints & coatings, construction industry, adhesives, electronics, plastic, textiles, industrial, aerospace & defense, and others. Paints & coatings segment is likely to grow significantly over the forecast timeframe. Epoxy active diluent function as viscosity modifiers in epoxy resins, with low VOC and vapor pressure. It forms a perfect formulation to replace solvent-based paints. & coatings. Epoxy active diluent based coatings are used in marine, aerospace, industrial maintenance and floorings. The product also forms an important ingredient in construction applications such as additives for polymer concretes, composites, sealants & construction adhesives, concrete flooring and sealants.
Asia-Pacific will be the demand driving market for epoxy active diluent. The growing use of paints & coatings in construction industry will be primarily fueling the product demand in Asia Pacific in the coming years. In Asia Pacific, epoxy active diluent demand will be growing on account of its low VOC attribute as many countries in this region aim to balance their industrial activities with environment conservation. As a collective result of these developments, the epoxy active diluent market is likely to witness healthy growth during 2019 to 2025.
The companies operating in epoxy active diluent business are Arkema, Huntsman Corporation, Hexion, Aditya Birla Chemicals, Dow Chemical Company, King Industries, Inc, SACHEM Inc., EMS-CHEMIE HOLDING AG, Air Products and Chemicals, Inc, Arnette Polymers, LLC, Cardolite, GABRIEL Chem, Evonik, Brentagg and Sakamoto Yakuhin Kogyo.
Epoxy Active Diluent Market, By Type, 2014-2025 (Tons) (USD Million)
Epoxy Active Diluent Market, By Application, 2014-2025 (Tons) (USD Million)
- Paints and coatings
- Construction industry
- Aerospace & defense
The above information has been provided for the following regions and countries:
- North America
- South Korea
- Latin America
- South Africa
- Saudi Arabia
- Huntsman Corporation
- Aditya Birla Chemicals
- Dow Chemical Company
- King Industries, Inc
- SACHEM Inc.
- EMS-CHEMIE HOLDING AG
- Air Products and Chemicals, Inc
- Arnette Polymers, LLC
- GABRIEL Chem
- Sakamoto Yakuhin Kogyo
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