Reactive Diluents Market Worth 1,072.0 Million USD by 2022

PUNE, India, January 17, 2018 /PRNewswire/ --

The report "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" published by MarketsandMarkets™, the 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.

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Browse 77 market data Tables and 28 Figures spread through 118 Pages and in-depth TOC on "Reactive Diluents Market"

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This high growth is fueled by the increasing demand for reactive diluents from various end-use industries such as automotive and building & construction due to the huge requirement for solvent-free paints & coatings and adhesives from these industries. This high demand is mainly due to the rising GDP, growing disposable income, increasing use of composites instead of conventional materials, and increasing number of expansions & other development activities in the regions. Contributions of various automotive associations and companies toward research & development and enhancement of properties of reactive diluents such as low VOC, light weight, durability, low maintenance, and high tensile strength are also some of the drivers for the Reactive Diluents Market growth.

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Aliphatic is projected to be the largest segment of the market during the forecast period, in terms of both value and volume. 

Based on type, the aliphatic segment is projected to be the largest segment of the Reactive Diluents Market, in terms of both value and volume, during the forecast period. It is widely used as a reactive diluent in automotive, wind turbine, and building & construction industries. The increasing demand for composites in the automotive sector and the low raw material cost coupled with easy production process are the factors attributed to the growth of aliphatic reactive diluents.