Paints & Coatings Industry Recovery Key to Reactive Diluents Market Growth, Future Market Insights

DUBAI, U.A.E, Aug. 10, 2020 /PRNewswire/ -- Future Market Insights' recent report on the reactive diluents market concludes that the market will cross the billion dollar threshold in the next two years.

Primarily used as viscosity regulators and thinners, reactive diluents are extensively used to manufacture paints and adhesives. As industries strive to adopt co-polymerization to aid proper mixing, usage of reactive diluents is acquiring significant ground. Moreover, their high tensile strength makes their usage highly suitable in the construction industry.

Reactive diluents are also renowned for curbing volatile organic compounds (VOC) emissions, thus accelerating their adoption in the coatings & paints industry. Besides, manufacturers are attempting to introduce green reactive diluents from biodegradable materials and plant oils. These initiatives will prove highly beneficial to the environment by reducing harmful emissions.

"The demand for high quality products have compelled manufacturers to introduce innovations in their existing portfolios, such as bio-resourced reactive diluents, providing them with a competitive edge," says the FMI analyst.

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Key Takeaways from FMI's Reactive Diluents Market Study

• Demand shall remain unswerving across the paints & coatings industry throughout the forecast period
• Surging construction & infrastructure projects shall provide traction to the reactive diluents markets due to high tensile strength
• Multi-function reactive diluents will hold major sway from 2020-2030
• Asia to record an impressive surge in reactive diluents usage due to heightening construction and infrastructure projects

Reactive Diluents Market- Key Trends

• Government legislations to arrest VOC emission is heightening reactive diluents adoption across key industries
• Manufacturing of solvent-free epoxy anticorrosive coatings is heightening adoption of reactive diluents
• COVID-19 will impede growth, owing to extreme sluggishness in the construction, automotive and paints & coatings industries
• Availability of substitutes such as phenolic diluents will restrict growth prospects as the latter offers better heat resistance

Reactive Diluents Market- Region-wise Analysis