Coalescing Agents Market Share
Coalescing Agents Market Research Report Information by Type (Hydrophilic, Hydrophobic), Application (Paints & Coatings, Adhesive & Sealants, Personal Care Ingredients), Region (North America, Asia Pacific, Latin America, Middle East & Africa) — Forecast till 2035

Market Summary
As per Market Research Future Analysis, the Coalescing Agents Market was valued at USD 1.27 Billion in 2024 and is projected to grow to USD 2.17 Billion by 2035, with a CAGR of 4.98% from 2025 to 2035. Coalescing agents are solvents that optimize film formation in polymer emulsions, enhancing properties like mechanical strength and appearance. The market is segmented into hydrophilic and hydrophobic types, with hydrophilic agents expected to grow faster due to increasing demand for environmentally friendly options. The Asia-Pacific region is anticipated to witness significant growth driven by industrial applications in automotive, construction, and aerospace sectors, while North America and the Middle East & Africa are also expected to contribute to market expansion due to rising paint and coating consumption.
Key Market Trends & Highlights
The Coalescing Agents Market is experiencing robust growth driven by various industry demands.
- Market Size in 2024: USD 1.27 Billion; projected to reach USD 2.17 Billion by 2035.
- CAGR during 2024-2032: 4.98%; indicating steady growth.
- Asia-Pacific expected to grow significantly due to industrial growth in automotive and construction.
- Hydrophilic coalescing agents projected to observe higher CAGR due to environmental regulations.
Market Size & Forecast
2024 Market Size | USD 1.27 Billion |
2035 Market Size | USD 2.17 Billion |
CAGR (2024-2035) | 4.98% |
Major Players
Elementis plc (UK), Eastman Chemical Company (US), 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), Chemoxy International Ltd (UK), Rudolf GmbH (Indonesia)
Market Trends
The increasing demand for environmentally friendly coatings is likely to drive innovation in the coalescing agents market, as manufacturers seek to develop products that align with sustainability goals.
U.S. Environmental Protection Agency (EPA)
Coalescing Agents Market Market Drivers
Market Trends and Forecasts
The Global Coalescing Agents Market Industry is characterized by evolving trends and forecasts that shape its future landscape. The market is projected to grow from 1.27 USD Billion in 2024 to 2.16 USD Billion by 2035, with a CAGR of 4.96% from 2025 to 2035. This growth trajectory indicates a robust demand for coalescing agents across various applications, driven by technological advancements, regulatory support, and increasing consumer awareness regarding sustainability. The market's evolution reflects the dynamic interplay of these factors, suggesting a promising outlook for stakeholders in the coalescing agents sector.
Expansion in Adhesives and Sealants
The Global Coalescing Agents Market Industry is witnessing significant growth due to the expanding applications in adhesives and sealants. As industries increasingly prioritize bonding strength and flexibility, coalescing agents play a crucial role in enhancing the performance of these products. The market is expected to grow at a CAGR of 4.96% from 2025 to 2035, indicating a strong future outlook. This growth is supported by the rising demand for construction and automotive adhesives, where coalescing agents contribute to improved adhesion properties and environmental compliance, thus meeting the evolving needs of manufacturers.
Growing Demand in Paints and Coatings
The Global Coalescing Agents Market Industry experiences a robust demand surge in the paints and coatings sector, driven by the increasing need for high-performance coatings. Coalescing agents enhance film formation and improve the overall quality of coatings, making them more durable and aesthetically pleasing. In 2024, the market is projected to reach 1.27 USD Billion, reflecting the industry's shift towards eco-friendly and low-VOC formulations. This trend aligns with global regulations promoting sustainable practices, further propelling the adoption of coalescing agents in various applications, including architectural and industrial coatings.
Rising Demand from Emerging Economies
The Global Coalescing Agents Market Industry is experiencing a notable increase in demand from emerging economies, where rapid industrialization and urbanization are driving the need for high-quality coatings and adhesives. Countries in Asia-Pacific and Latin America are particularly contributing to this growth, as they invest heavily in infrastructure development and construction projects. This trend is expected to bolster the market, with projections indicating a steady rise in consumption of coalescing agents in these regions. As manufacturers seek to capitalize on these opportunities, the market dynamics are likely to shift, reflecting the growing influence of emerging markets on global trends.
Technological Advancements in Formulations
Technological innovations in the formulation of coalescing agents are driving the Global Coalescing Agents Market Industry forward. Manufacturers are increasingly focusing on developing advanced coalescing agents that offer superior performance while adhering to environmental regulations. These innovations include bio-based coalescing agents that provide sustainable alternatives without compromising on quality. As a result, the market is projected to reach 2.16 USD Billion by 2035, reflecting the industry's commitment to sustainability and performance enhancement. This trend is particularly evident in the coatings and adhesives sectors, where the demand for high-performance, eco-friendly products continues to rise.
Regulatory Support for Eco-Friendly Products
Regulatory frameworks promoting eco-friendly products significantly influence the Global Coalescing Agents Market Industry. Governments worldwide are implementing stringent regulations to reduce VOC emissions, pushing manufacturers to adopt low-VOC coalescing agents. This regulatory support not only fosters innovation but also aligns with consumer preferences for sustainable products. As a result, the market is poised for growth, with an increasing number of manufacturers investing in the development of compliant coalescing agents. This trend is expected to enhance market dynamics, as companies strive to meet both regulatory requirements and consumer expectations for environmentally friendly solutions.
Market Segment Insights
Regional Insights
Key Companies in the Coalescing Agents Market market include



Industry Developments
- Q1 2024: Celanese Announces Launch of Eco-Friendly Coalescing Agent for Waterborne Coatings Celanese Corporation introduced a new low-VOC coalescing agent designed for waterborne paint and coating applications, targeting regulatory compliance and sustainability in the construction and automotive sectors.
- Q2 2024: Arkema Opens New Production Facility for Coalescing Agents in China Arkema inaugurated a new manufacturing plant in Shanghai dedicated to producing advanced coalescing agents for the Asia-Pacific market, aiming to meet rising demand from the region’s construction and industrial coatings industries.
- Q2 2024: Evonik Launches Next-Generation Bio-Based Coalescing Agent Evonik unveiled a bio-based coalescing agent for use in architectural and industrial coatings, emphasizing reduced environmental impact and compliance with stringent European VOC regulations.
- Q3 2024: Synthomer Appoints New Head of Coalescing Agents Business Unit Synthomer announced the appointment of Dr. Maria Klein as the new head of its Coalescing Agents Business Unit, signaling a strategic focus on innovation and global expansion.
- Q3 2024: Croda International Partners with Asian Paints to Supply Sustainable Coalescing Agents Croda International entered into a partnership with Asian Paints to supply sustainable coalescing agents for their next-generation waterborne coatings, supporting Asian Paints’ sustainability goals.
- Q4 2024: Stepan Company Expands Coalescing Agent Production Capacity in North America Stepan Company completed an expansion of its North American facility, increasing production capacity for coalescing agents to meet growing demand from the paints and coatings sector.
- Q4 2024: Elementis Launches Low-VOC Coalescing Agent for European Market Elementis introduced a new low-VOC coalescing agent tailored for the European market, designed to help manufacturers comply with evolving environmental regulations.
- Q1 2025: Cargill Unveils Plant-Based Coalescing Agent for Industrial Coatings Cargill launched a plant-based coalescing agent aimed at industrial coatings, highlighting its commitment to renewable chemistry and reduced carbon footprint.
- Q1 2025: Evonik Acquires Minority Stake in Indian Coalescing Agent Startup Evonik announced the acquisition of a minority stake in an Indian startup specializing in innovative coalescing agents, expanding its footprint in the fast-growing South Asian market.
- Q2 2025: Celanese Wins Major Contract to Supply Coalescing Agents for US Infrastructure Projects Celanese secured a multi-year contract to supply coalescing agents for large-scale infrastructure projects across the United States, supporting the country’s push for sustainable construction materials.
- Q2 2025: Arkema Partners with European Automotive OEM for Custom Coalescing Agent Development Arkema announced a partnership with a leading European automotive OEM to co-develop custom coalescing agents for next-generation automotive coatings.
- Q3 2025: Synthomer Announces $100M Investment in Coalescing Agent R&D Center Synthomer revealed plans to invest $100 million in a new research and development center focused on coalescing agent innovation, aiming to accelerate product development and sustainability.
Intended Audience
- High-Performance Paints and Coatings Manufacturers
- Traders and Distributors of Coalescing Agents
- Research and Development Institutes
- Potential Investors
- Raw Material Suppliers
- Nationalized Laboratories
Future Outlook
Coalescing Agents Market Future Outlook
The Global Coalescing Agents Market is projected to grow at a 4.98% CAGR from 2025 to 2035, driven by increasing demand in the coatings and adhesives sectors.
New opportunities lie in:
- Develop bio-based coalescing agents to meet sustainability demands.
- Invest in R&D for high-performance formulations targeting emerging markets.
- Expand distribution networks to enhance market penetration in Asia-Pacific.
By 2035, the market is expected to achieve substantial growth, reflecting evolving industry needs and innovations.
Market Segmentation
Market Segmentation
- High-Performance Paints and Coatings Manufacturers
- Traders and Distributors of Coalescing Agents
- Research and Development Institutes
- Potential Investors
- Raw Material Suppliers
- Nationalized Laboratories
Report Scope
Report Attribute/Metric | Details |
Market Size 2024 | USD 1.27 Billion |
Market Size 2035 | 2.17 (Value (USD Billion)) |
Compound Annual Growth Rate (CAGR) | 4.98% (2025 - 2035) |
Base Year | 2024 |
Market Forecast Period | 2025 - 2035 |
Historical Data | 2018 - 2021 |
Market Forecast Units | Value (USD Billion) |
Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Basis of type, application, and region. |
Geographies Covered | North America, Europe, Asia Pacific, and Rest of the World |
Countries Covered | The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
Key Companies Profiled | Elementis plc (UK), Eastman Chemical Company (US), 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), Chemoxy International Ltd (UK), and Rudolf GmbH (Indonesia). |
Key Market Opportunities | Coalescing agents from emerging economies, which will be one of the key factors driving the growth. |
Key Market Dynamics | Formulation of packaging products such as cartons, corrugated boxes, and flexible packaging products is driving the growth of the market. |
Market Size 2025 | 1.33 (Value (USD Billion)) |
Market Highlights
Author
Latest Comments
This is a great article! Really helped me understand the topic better.
Thanks for sharing this. I’ve bookmarked it for later reference.
FAQs
What was the value of the global coalescing agents market in 2018?
coalescing agents market had valued at USD 1.21 BN in 2023.
At what CAGR is the global coalescing agents market projected to grow in the forecast period (2018-2023)?
global coalescing agents market is estimated to register 4.98% CAGR during the forecast period (2024-2032).
Which are the major segments in the global coalescing agents market?
Based on type, the hydrophilic segment and based on applications, the paints & coatings segment holds the leading share in the global coalescing agents market.
Which region holds the largest share in the global coalescing agents market?
Asia Pacific holds the largest share in the global coalescing agents market, followed by North America and Europe, respectively.
Who are the top players in the global coalescing agents market?
Eastman Chemical Company (US), Elementis plc (UK), synthomer plc (UK), BASF SE (Germany), DowDuPont (US), Croda International Plc (UK), Arkema (France), Evonik Industries AG (Germany), Celanese Corporation (US), Incorporated (US), Cargill, Stepan Company (US), Runtai Chemical Co., Ltd.(China), OXEA GmbH (Germany), Rudolf GmbH (Indonesia), and Chemoxy International Ltd (UK), are some of the major players operating in the coalescing agents market.
-
Table of Contents
-
Executive Summary
-
Scope of the Report
- Market Definition
-
Scope of the Study
- Research Objectives
- Assumptions & Limitations
- Markets Structure
-
Market Research Methodology
- Research Process
- Primary Research
- Secondary Research
- Forecast Model
-
Market Landscape
-
Supply Chain Analysis
- Raw Material Suppliers
- Manufacturers/Producers
- Distributors/Retailers/Wholesalers/E-Commerce Merchants
- Application
-
Porter’s Five Forces Analysis
- Threat of New Entrants
- Bargaining Power of Buyers
- Bargaining Power of Suppliers
- Threat of Substitutes
- Intensity of Competitive Rivalry
-
Supply Chain Analysis
-
Industry Overview of Global Coalescing Agents Market
- Introduction
- Drivers
- Restraints
- Opportunities
- Challenges
-
Market Trends
- Introduction
- Growth Trends
- Impact Analysis
-
Global Coalescing Agents Market, by Type
- Introduction
-
Hydrophilic
- Market Estimates & Forecast, 2020-2027
- Market Estimates & Forecast, by Region, 2020-2027
-
Hydrophobic
- Market Estimates & Forecast, 2020-2027
- Market Estimates & Forecast, by Region, 2020-2027
-
Global Coalescing Agents Market, by Application
- Introduction
-
Paints & Coatings
- Market Estimates & Forecast, 2020-2027
- Market Estimates & Forecast, by Region, 2020-2027
-
Adhesive & Sealants
- Market Estimates & Forecast, 2020-2027
- Market Estimates & Forecast, by Region, 2020-2027
-
Personal Care Ingredients
- Market Estimates & Forecast, 2020-2027
- Market Estimates & Forecast, by Region, 2020-2027
-
Inks
- Market Estimates & Forecast, 2020-2027
- Market Estimates & Forecast, by Region, 2020-2027
-
Others
- Market Estimates & Forecast, 2020-2027
- Market Estimates & Forecast, by Region, 2020-2027
-
Global Coalescing Agents Market, by Region
- Introduction
-
North America
- Market Estimates & Forecast, 2020-2027
- Market Estimates & Forecast by Type, 2020-2027
- Market Estimates & Forecast by Application, 2020-2027
- US
- Canada
-
Europe
- Market Estimates & Forecast, 2020-2027
- Market Estimates & Forecast by Type, 2020-2027
- Market Estimates & Forecast by Application, 2020-2027
- Germany
- France
- Italy
- Spain
- UK
- Russia
- Rest of Europe
-
Asia Pacific
- Market Estimates & Forecast, 2020-2027
- Market Estimates & Forecast by Type, 2020-2027
- Market Estimates & Forecast by Application, 2020-2027
- China
- India
- Japan
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
-
Middle East & Africa
- Market Estimates & Forecast, 2020-2027
- Market Estimates & Forecast by Type, 2020-2027
- Market Estimates & Forecast by Application, 2020-2027
- Saudi Arabia
- UAE
- Africa
- Rest of the Middle East & Africa
-
Latin America
- Market Estimates & Forecast, 2020-2027
- Market Estimates & Forecast by Type, 2020-2027
- Market Estimates & Forecast by Application, 2020-2027
- Brazil
- Argentina
- Mexico
- Rest of Latin America
-
Competitive Landscape
- Introduction
- Market Key Strategies
- Key Development Analysis
-
(Expansions/Mergers & Acquisitions/Joint Ventures/New Product Developments/Agreements/Investments)
-
Company Profiles
-
Elementis plc
- Company Overview
- Financial Updates
- Product/Business Segment Overview
- Key Developments
- SWOT Analysis
- Key Strategies
-
Eastman Chemical Company
- Company Overview
- Financial Updates
- Product/Business Segment Overview
- Key Developments
- SWOT Analysis
- Key Strategies
-
synthomer plc
- Company Overview
- Financial Updates
- Product/Business Segment Overview
- Key Developments
- SWOT Analysis
- Key Strategies
-
DowDuPont
- Company Overview
- Financial Updates
- Product/Business Segment Overview
- Key Developments
- SWOT Analysis
- Key Strategies
-
BASF SE
- Company Overview
- Financial Updates
- Product/Business Segment Overview
- Key Developments
- SWOT Analysis
- Key Strategies
-
Croda International Plc
- Company Overview
- Financial Updates
- Product/Business Segment Overview
- Key Developments
- SWOT Analysis
- Key Strategies
-
Evonik Industries AG
- Company Overview
- Financial Updates
- Product/Business Segment Overview
- Key Developments
- SWOT Analysis
- Key Strategies
-
Arkema
- Company Overview
- Financial Updates
- Product/Business Segment Overview
- Key Developments
- SWOT Analysis
- Key Strategies
-
Celanese Corporation
- Company Overview
- Financial Updates
- Product/Business Segment Overview
- Key Developments
- SWOT Analysis
- Key Strategies
-
Cargill, Incorporated
- Company Overview
- Financial Updates
- Product/Business Segment Overview
- Key Developments
- SWOT Analysis
- Key Strategies
- Stepan Company
-
Company Overview
- Financial Updates
- Product/Business Segment Overview
- Key Developments
- SWOT Analysis
- Key Strategies
-
OXEA GmbH
- Company Overview
- Financial Updates
- Product/Business Segment Overview
- Key Developments
- SWOT Analysis
- Key Strategies
-
Runtai Chemical Co., Ltd.
- Company Overview
- Financial Updates
- Product/Business Segment Overview
- Key Developments
- SWOT Analysis
- Key Strategies
-
Chemoxy International Ltd
- Company Overview
- Financial Updates
- Product/Business Segment Overview
- Key Developments
- SWOT Analysis
- Key Strategies
-
Rudolf GmbH
- Company Overview
- Financial Updates
- Product/Business Segment Overview
- Key Developments
- SWOT Analysis
- Key Strategies
-
Elementis plc
-
Conclusion
-
List of Tables and Figures
- LIST OF TABLES
- Table 1 Global Coalescing Agent Market, by Region, 2020-2027
- Table 2 North America: Coalescing Agent Market, by Country, 2020-2027
- Table 3 Europe: Coalescing Agent Market, by Country, 2020-2027
- Table 4 Asia-Pacific: Coalescing Agent Market, by Country, 2020-2027
- Table 5 Middle East & Africa: Coalescing Agent Market, by Country, 2020-2027
- Table 6 Latin America: Coalescing Agent Market, by Country, 2020-2027
- Table 7 Coalescing Agent Type Market, by Region, 2020-2027
- Table 8 North America: Coalescing Agent Type Market, by Country, 2020-2027
- Table 9 Europe: Coalescing Agent Type Market, by Country, 2020-2027
- Table 10 Asia-Pacific: Coalescing Agent Type Market, by Country, 2020-2027
- Table 11 Middle East & Africa: Coalescing Agent Type Market, by Country, 2020-2027
- Table 12 Latin America: Coalescing Agent Type Market, by Country, 2020-2027
- Table 13 Coalescing Agent Application Market, by Region, 2020-2027
- Table 14 North America: Coalescing Agent Application Market, by Country, 2020-2027
- Table 15 Europe: Coalescing Agent Application Market, by Country, 2020-2027
- Table 16 Asia-Pacific: Coalescing Agent Application Market, by Country, 2020-2027
- Table 17 Middle East & Africa: Coalescing Agent Application Market, by Country, 2020-2027
- Table 18 Latin America: Coalescing Agent Application Market, by Country, 2020-2027
- Table 19 Global Type Market, by Region, 2020-2027
- Table 20 Global Application Market, by Region, 2020-2027
- Table 21 North America: Coalescing Agent Market, by Country, 2020-2027
- Table 22 North America: Coalescing Agent Market, by Type, 2020-2027
- Table 23 North America: Coalescing Agent Market, by Application, 2020-2027
- Table 24 Europe Coalescing Agent Market, by Country, 2020-2027
- Table 25 Europe Coalescing Agent Market, by Type, 2020-2027
- Table 26 Europe Coalescing Agent Market, by Application, 2020-2027
- Table 27 Asia-Pacific Coalescing Agent Market, by Country, 2020-2027
- Table 28 Asia-Pacific Coalescing Agent Market, by Type, 2020-2027
- Table 29 Asia-Pacific Coalescing Agent Market, by Application, 2020-2027
- Table 30 Middle East & Africa: Coalescing Agent Market, by Country, 2020-2027
- Table 31 Middle East & Africa: Coalescing Agent Market, by Type, 2020-2027
- Table 32 Middle East & Africa: Coalescing Agent Market, by Application, 2020-2027
- Table 33 Latin America: Coalescing Agent Market, by Country, 2020-2027
- Table 34 Latin America: Coalescing Agent Market, by Type, 2020-2027
- Table 35 Latin America: Coalescing Agent Market, by Application, 2020-2027 LIST OF FIGURES
- FIGURE 1 Coalescing Agent Market Segmentation
- FIGURE 2 Forecast Methodology
- FIGURE 3 Porter’s Five Forces Analysis of Coalescing Agent Market
- FIGURE 4 Supply Chain of Coalescing Agent Market
- FIGURE 5 Share of Coalescing Agent Market, by Country, 2017 (%)
- FIGURE 6 Global Coalescing Agent Market, 2020-2027
- FIGURE 7 Sub Segments of Types
- FIGURE 9 Coalescing Agent Market size, by Types, 2017 (%)
- FIGURE 10 Share of Coalescing Agent Market, by Types, 2020-2027
- FIGURE 17 Sub Segments of Application
- FIGURE 18 Coalescing Agent Market size, by Application, 2017 (%)
- FIGURE 19 Share of Coalescing Agent Market, by Application, 2020-2027
Coalescing Agents Market Segmentation
Market Segmentation Overview
- Detailed segmentation data will be available in the full report
- Comprehensive analysis by multiple parameters
- Regional and country-level breakdowns
- Market size forecasts by segment

Free Sample Request
Kindly complete the form below to receive a free sample of this Report
Customer Strories
“I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.”
Leave a Comment