Coalescing Agent Market Growth Analysis | 2023-2028

Market Insights

The Coalescing Agent Market was estimated at USD XX million in 2022 and is likely to grow at a CAGR of 4.1% during 2023-2028 to reach USD XX million in 2028.

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Coalescing agents help in the formation of film and are used in coatings. Coalescing agents, for instance, are used in latex coatings where they give the latex resin the proper flow, resulting in the formation of a smooth film. A film-forming polymer frequently uses the coalescing agent as a short-term plasticizer. During the crucial time of fusion, the polymer is softened by the coalescing agent, allowing the individual particles to unite to form a continuous film. The main purposes of coalescing agents are to reduce the surface area of polymer particles, increase capillary forces by carefully controlling water evaporation, and decrease repulsive forces between polymer particles.

The COVID-19 pandemic has had a significant impact on the coalescing agent market. The pandemic has led to a decrease in demand for coalescing agents in a number of end-use industries, including paints and coatings, inks, and personal care products. This is due to a number of factors, including the closure of businesses and factories, the decrease in consumer spending, and the shift to remote work.

Market Dynamics

The demand for coalescing agents has been driven by stringent government regulations that forbid the use of toxic additives and conventional solvents. Escalating demand for eco-friendly coalescing agents will also aid in drawing significant attention to the market. Demand for the product in the market is also being driven by the expanding use of coalescing agents in inks, paints & coatings, personal care ingredients, adhesives & sealants, and other products.

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Segment Analysis

By Type

There are two types of coalescing agents on the market. One is hydrophilic, and another is hydrophobic. The hydrophilic coalescing agent is expected to exhibit a higher growth rate in the market during the forecast period owing to its high efficiency, low water solubility, and reduced risk of penetrating the porous substrate. Moreover, the growing demand for environmental-friendly coalescing agents is also fueling the growth of the segment.

Application Trends

The coalescing agent market is segmented into paints & coatings, adhesives & sealants, inks, personal care ingredients, and others. Paints & coatings is expected to remain the biggest demand generator for coalescing agent in the market during the forecast period owing to the increasing demand for paints & coatings in various end-use industries such as construction, automotive, furniture & woodworking, and others. Increasing demand for high-performance coatings for applications such as coil, marine, automotive, OEM refinish, etc. is also driving the dominance of the segment in the market during the forecasted period.

Regional Analysis

Asia-Pacific is expected to remain the largest as well as the fastest-growing region for the coalescing agent. The region has strong economic growth and increasing manufacturing output. Also, a growing building and construction sector, low manufacturing costs, and a large population base in the region are the major factors driving the demand for the product in the region’s market.

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Critical Questions Answered in the Report

• What are the key trends in the global market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the global market?
• What are the key strategies adopted by the major vendors to lead in the market?
• What is the market share of the top vendors?

Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The coalescing agent market is segmented into the following categories:

By Type

• Hydrophilic Coalescing Agent
• Hydrophobic Coalescing Agent

By Application Type

• Paints & Coatings
• Adhesive & Sealants
• Inks
• Personal Care Ingredient
• Others

By Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, South Korea, India, and the Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)

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Key Players

The following are the key players in the coalescing agent market:

• Eastman Chemical Company
• Dow DuPont
• BASF SE
• Evonik Industries AG
• Elementis Plc
• Synthomer Plc
• Celanese Corporation
• Croda International Plc
• Cargill, Incorporated
• Arkema Group

Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s coalescing agent market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.

The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Customization Option

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players).
• SWOT analysis of key players (up to three players).

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.