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Coalescing Agents Industry Global Market Size, Share: Global Industry Trends, Sales Revenue, Industry Growth, Development Status, Top Leaders, Future Plans and Opportunity Assessment 2024

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Coalescing Agents Industry Global Market Size, Share: Global Industry Trends, Sales Revenue, Industry Growth, Development Status, Top Leaders, Future Plans and Opportunity Assessment 2024

September 04
21:57 2019
Coalescing Agents Industry Global Market Size, Share: Global Industry Trends, Sales Revenue, Industry Growth, Development Status, Top Leaders, Future Plans and Opportunity Assessment 2024

Global Coalescing Agents Market Share, by Application, 2019
Coalescing Agents Market is estimated to spot a considerable growth in CAGR from 2019 to 2023. This report gives an in-depth assessment of current Coalescing Agents key market drivers, market size and trends and Coalescing Agents opportunities, challenges, key market segments and technological developments.

Market Synopsis:

The global coalescing agents market was valued at USD 1.2 billion in 2018 and is expected to register a CAGR of 5.1% during the forecast period. The increasing demand for high-performance coatings is expected to accelerate the growth of the global coalescing agents market. Coalescing agents have unique mechanical properties, film impermeability, corrosion resistance, and resistance against toxic chemicals. These attributes have increased the adoption of coalescing agents in numerous end-user industries.

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Competitive Analysis:

Leading players of the global coalescing agents market are Rudolf GmbH (Indonesia), Eastman Chemical Company (US), Elementis plc (UK),  synthomer plc (UK), DowDuPont (US), BASF SE (Germany), Croda International Plc (UK), Evonik Industries AG (Germany), Arkema (France), Celanese Corporation (US), Cargill, Incorporated (US), Stepan Company (US), OXEA GmbH (Germany), Runtai Chemical Co., Ltd. (China) and Chemoxy International Ltd (UK)

It is significantly used in the production of water-based coatings. Coalescing agents for water-based coatings are environment-friendly and meets the government standards of VOC emission such as clean air act (section 183(e)) and (71 FR 28320). Thus, the environment-friendly nature of coalescing agents is increasing its application in paints and coatings. According to the Coating World, the global demand for coatings is expected to be around 54.7 million metric tons valued at USD 193 billion in 2020. The increase in demand for coatings is expected to boost the demand for coalescing agents.

Hot-melt adhesives are effective in moisture, humidity, and tough environmental conditions, also ensure stability and durability, which is increasing their demand for applications in the automotive and packaging industry. Furthermore, the demand for pressure-sensitive adhesives is growing owing to their increasing application in food packaging. The recent trend of consuming packaged food due to a rise in the working population and consumers inclination towards convenience food has propelled the growth of the packaging industry, which is expected to boost the demand for coalescing agents.

Market Segmentations:

The global coalescing agents market has been segregated based on type, application, and region. By type, the global coalescing agents market is divided into hydrophilic and hydrophobic. The hydrophilic segment is expected to register a significant CAGR during the forecast period owing to its properties such as low water solubility and reduced risk of penetrating in porous substrates. Further, the application segment is categorized as adhesive & sealants, paints & coatings, personal care ingredients, inks, and others. The paints & coatings segment is expected to witness substantial growth during the forecast period owing to their increasing application in the construction and automotive industries.

Regional Analysis:

The global coalescing agents market has been studied with respect to five regions—North America, Asia-Pacific, Latin America, Europe, and the Middle East & Africa. Asia-pacific has significant growth potential for coalescing agents market and is the leading consumer of adhesives & sealants and paints & coatings in terms of volume. The high demand from end-use industries such as automotive, aerospace, construction and manufacturing are expected to drive the global coalescing agents market growth.

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Intended Audiences:

  • High-Performance Paints and Coatings Manufacturers
  • Traders and Distributors of Coalescing Agents
  • Research and Development Institutes
  • Potential Investors
  • Raw Material Suppliers
  • Nationalized Laboratories

LIST OF TABLES

Table 1 Global Coalescing Agent Market, By Region, 2018–2023

Table 2 North America: Coalescing Agent Market, By Country, 2018–2023

Table 3 Europe: Coalescing Agent Market, By Country, 2018–2023

Table 4 Asia-Pacific: Coalescing Agent Market, By Country, 2018–2023

Table 5 Middle East & Africa: Coalescing Agent Market, By Country, 2018–2023

Table 6 Latin America: Coalescing Agent Market, By Country, 2018–2023

Continued…

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