Growing paints and coatings demand and increasing construction activities are anticipated to boost the global coalescing agent market during the forecast period.
The global coalescing agent market was valued at USD 1.3 Billion in 2018, owing to the growing construction activities all over the world. Coalescing agents are specialty chemicals widely used in various applications such as paints & coatings, adhesives & sealants, inks, and several personal care ingredients. Coalescing agents increases numerous mechanical properties when used in paints and coatings such as abrasion resistance, scrub resistance, and offers a smooth and fine finish to the end-products.
The global coalescing agent market report assesses the market scenario and provides insights on the demand for the period 2018 to 2025. The report also analyzes the current status and future market prospects of the coalescing agent industry at a global, regional and country level. In this study, the coalescing agent market is segmented by type, end-users, and geography. The report analyzes a wide range of quantitative and qualitative factors of the global coalescing agent industry and provides the market outlook for growth drivers, growth restraints and current industry trends. Furthermore, the report offers an in-depth valuation of coalescing agent industry’s competitive landscape, with global and as well as regional players operating in the market.
Based on type, the market is categorized into Hydrophilic and Hydrophobic. Growing focus of constructers and manufacturers on construction and building efficacy and rise in the demand for zero-VOC coalescing agent which are environment friendly and offer better heat resistance, abrasion resistance are major factors contributing towards the coalescing agent market growth during the forecast period.
Based on end-user, the market is categorized into paints & coatings, adhesive & sealants, inks, personal care ingredient, and others. Significant growth of various end-use industries such as rise in the demand for paints and coatings from growing end use industries such as aerospace, building and construction, automotive is projected to propel the demand for coalescing agents over the next few years. Growing industrialization, rising automotive sales coupled with the snowballing demand for environment friendly products in developing economies such as India and China, are some of the aspects driving the end-use industries in the coalescing agent market over the forecast period.
Based on the region, the global coalescing agent market is segmented into North America, Europe, Asia Pacific, the Middle East and Africa, and Central & South America. The Asia Pacific region held the largest market share in 2018 and is expected to grow at the highest CAGR of 5.4% over the forecast period. China is one of the largest single growth markets, and with the growing vehicle ownerships in the country, there is a high demand for more efficient paints & coatings in the automotive industry, which is anticipated to drive the coalescing agent market over the forecast period.
The major players of global Coalescing Agent market include Eastman Chemical Company, Dow Inc., DuPont de Nemours, Inc., BASF SE, Evonik Industries, Rudolf GmbH, Stepan Company, Arkema, Celanese Corporation, Cargill, Incorporated and others.
Segment overview of Global Coalescing Agent Market
By Type Overview, 2018-2025 (USD Million) (Kilotons)
By End User Overview, 2018-2025 (USD Million) (Kilotons)
- Paints & Coatings
- Adhesive & Sealants
- Personal Care Ingredient
Regional Overview, 2018-2025 (USD Million) (Kilotons)
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East and Africa
- Saudi Arabia
- Rest of Middle East and Africa
- Central & South America
- Rest of Central & South America