Coalescing Agents Market Research Report – Forecast till 2030

Coalescing Agents Market: 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 2030

ID: MRFR/CnM/6071-HCR | February 2021 | Region: Global | 140 pages         

Coalescing Agents Market

Coalescing Agents Market is projected to be worth USD 1.8 Billion by 2030, registering a CAGR of 5.1% during the forecast period (2021 - 2030).

Segmentation

By Type Hydrophilic Hydrophobic
By Application Paints & Coatings Adhesive & Sealants Personal Care Ingredients

Key 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)

Drivers

  • Formulation of packaging products such as cartons corrugated boxes and flexible packaging products is driving the growth of the market.
Speak to Analyst Request a Free Sample

Market Synopsis


The 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 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. 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 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.


Regional Analysis


Asia-Pacific is expected to grow at a significant CAGR owing to economic development in the region, which is increasing the application of coalescing agents in end-use industries such as automotive, construction, and aerospace. China, India, South Korea, Australia, Malaysia, Indonesia, and Thailand are witnessing phenomenal industrial growth, which is expected to increase the application of coalescing agents in industrial coatings. Industrial coatings are used for corrosion control in concrete and steel, majorly used in equipment and machinery which is expected to drive the growth of the Asia-Pacific market during the forecast period.


The increase in consumption of paints and coatings in North America, supported by strong growth in the automotive and aerospace industries is expected to fuel the demand for coalescing agents. The Middle East & Africa is expected to witness healthy growth owing to robust construction activities in the region, is propelling the demand for paint & coatings to be used for decorating and protecting infrastructure and building.


Key Players


Some of the prominent players in the global coalescing agents market are 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).


Market Overview: 


Coalescing agents are solvents used in dispersion paints for optimizing the film formation process of the polymeric binder particles. The growing demand for paints & coatings in the construction, automotive, marine, aerospace, and packaging industries is expected to fuel the market growth during the forecast period. Increasing construction activities have propelled the demand for paint & coatings. For instance, Walt Disney World construction project in Saudi Arabia value USD 64 billion, London Cross rail Project worth over USD 23 billion and Hong Kong-Zhuhai-Macao Bridge in China are few of the big construction projects. Thus, the increasing number of construction projects across the globe is projected to accelerate the demand for paint & coatings to protect buildings and infrastructure from weathering, which is expected to boost the growth of the global coalescing agents market during the forecast period.


Global Coalescing Agents Market Share, by Application, 2017 (%)


Coalescing agent Market


Source: MRFR analysis


Regional Analysis


Asia-Pacific is expected to grow at a significant CAGR owing to economic development in the region, which is increasing the application of coalescing agents in end-use industries such as automotive, construction, and aerospace. China, India, South Korea, Australia, Malaysia, Indonesia, and Thailand are witnessing phenomenal industrial growth, which is expected to increase the application of coalescing agents in industrial coatings. Industrial coatings are used for corrosion control in concrete and steel, majorly used in equipment and machinery which is expected to drive the growth of the Asia-Pacific market during the forecast period.


The increase in consumption of paints and coatings in North America, supported by strong growth in the automotive and aerospace industries is expected to fuel the demand for coalescing agents. The Middle East & Africa is expected to witness healthy growth owing to robust construction activities in the region, is propelling the demand for paint & coatings to be used for decorating and protecting infrastructure and building.


Market Segmentation


The global coalescing agents market has been segmented on the basis of type, application, and region.


Based on type, the global coalescing agents market has been segregated into hydrophilic and hydrophobic.


By application, the global coalescing agents market has been divided into paint & coatings, adhesive & sealants, ink, and others.


The global coalescing agents market, by region, has been studied across five regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.

Recent Development

August 2021 : Lanxess, one of the top specialty chemicals firms in the world, has carried out the acquisition of the US-based specialty chemicals developer, Emerald Kalama Chemical. One of the most crucial additions to the latest Lanxess product range is the K-Flex line of coalescing agents and non-phthalate plasticizers, with applications in coatings, adhesives, vinyl applications, and sealants.
The acquisition, which is Lanxess’ second-largest ever, has bolstered the company’s line of specialty chemicals for different industrial applications, including paints, plastics, and coatings coupled with adhesive industries.


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



Report Scope:
Report Attribute/Metric Details
  Market Size

  • USD 1.2 billion
  • 2030 : Significant value
  •   CAGR   CAGR of 5.1%(2022-2030)
      Base Year   2021
      Forecast Period   2022 to 2030
      Historical Data   2019 & 2020
      Forecast Units   Value (USD Billion)
      Report Coverage   Revenue Forecast, 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 (RoW)
      Key Vendors   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 Drivers   Formulation of packaging products such as cartons, corrugated boxes, and flexible packaging products is driving the growth of the market.


    Speak to Analyst Ask for Customization

    Frequently Asked Questions (FAQ) :

    coalescing agents market had valued at USD 1.2 BN in 2018.

    global coalescing agents market is estimated to register 5.1% CAGR during the forecast period (2018-2023).

    Based on type, the hydrophilic segment and based on applications, the paints & coatings segment holds the leading 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.

    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.