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). And coalescing agents are basically solvents that help optimize the film formation process of polymer emulsion. Coalescing agents are used as an additive to bring down the minimum film formation temperature, develop optimized film coherence, and improve film properties such as resistance, mechanical properties, abrasion resistance, and appearance. The global market of coalescing agents has been divided based on type as hydrophilic and hydrophobic, and the hydrophilic section of the market is projected to observe a higher CAGR during the forecast period, whereas hydrophilic coalescing agents are classified into water-soluble and low water-soluble. The low water-soluble is one of the most frequently used coalescing agents owing to their high regulation, low water solubility, and brought to the risk of pervasive in the porous substrate. However, increasing the ultimatum for an environment-friendly coalescing agent also supports the extension of the hydrophilic section.
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.
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).
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.
Source: MRFR 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.
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.
The paints and coating solicitation segment is calculated to lead the overall coalescing agents market during the projection period. The wide market size in this section is primarily attributed to the high demand in different end-use industries, such as automotive, construction, furniture and woodworking, and others. Growing demand for great performance coating for applications, like coil, marine, automotive, and OME refinish fuels the demand for the coalescing agents in this section. The APAC region is the widest customer of coalescing agents across the world and this region of coalescing agent market is also calculated to witness the highest CAGR between 2018 and 2023. Powerful economic growth and increasing manufacturing outputs are primarily fueling the demand for coalescing agents in the region.
| Report Attribute/Metric | Details |
| Market Size | USD 1.8 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. |
Coalescing Agents Market Highlights:
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.
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).
$1.8 Billion
5.1%
Asia-Pacific
2021 - 2030
Team Lead - Research Anshula mandaokar holds an academic degree in chemical engineering and has been contributing to the field for more than 5 years. she has expertise in market research and business consulting and serves as a team lead for a reputed market research firm under the chemicals and materials domain spectrum. she has worked on multiple projects, generating explicit results in a quick turnaround time. her understanding of data interpretation justifies her role as a leader.
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