COVID-19 pandemic – Boon or a Curse to the industry?
The outbreak of COVID-19 has severely impacted several industries across the world. Tough government measures such as lockdown of major economies, has pressed the ‘pause button’ for most of the industries. For most of the industries, the revenue has gone down in 2020 and has resumed an uptrend gradually from 2021.
Key insights on Reactive Diluents Market
Reactive Diluents Market is likely to witness an impressive CAGR of 5.2% during the forecast period. The prime factor that is contributing to the demand for reactive diluents is the flourishing building & construction, automotive, aerospace, electronics, and wind turbine industries.
In terms of regions, Asia-Pacific is projected to be the largest market. The Asia-Pacific’s market is expected to grow with a lucrative CAGR due to the growing population, rapid growth of building & construction and automotive industries, and better growth opportunities in composite applications. China and India are the growth engines of the region.
Market Scope & Market Segmentation
Reactive Diluents Market Share: By Application Type
Based on the application type, the Reactive Diluents Market is segmented as paints & coatings, adhesives & sealants, construction & infrastructure, composites, and others. The composite segment is projected to expand with the highest CAGR over the forecast period owing to its excellent strength-to-weight ratio, flexibility, and high tensile strength.
Reactive Diluents Market Share: By Product Type
Based on the product type, the Reactive Diluents Market is segmented as aliphatic, aromatic, and cycloaliphatic. The aliphatic segment accounted for the largest share in 2019, and is expected to maintain its dominance during the forecast period. This growth of the segment is owing to the relatively easy production process and low raw material cost.
Which key questions will this report answer?
This market research report focuses to deliver relevant information regarding the market trends, structure and growth during the forecast period of 2020-2025. It also offers insights into different market segments and other factors affecting the market.
Some of the key questions answered by the report are:
What is the impact of COVID-19 on the market forecast?
What are the trends, drivers, and challenges?
How competitive is the market? Who are the market leaders?
What are the key strategies adopted by the market players?
Which segments offer the greatest opportunities?
Which are the most attractive regions?
What are the key success factors for the market players?
How does the business environment impact the market?
Which strategic alliances have taken place recently and their significance?
Stratview Research’s reports are generated after accumulating data from various authenticated sources. > 10 primary interviews with industry experts are conducted by us for every report. Insights gained from primary interviews, in-depth analysis of company statements and annual reports, accompanied by a number of articles, whitepapers, and reports help us to connect the dots and triangulate the market in the most effective manner.