PUBLISHER: Grand View Research | PRODUCT CODE: 1772315
PUBLISHER: Grand View Research | PRODUCT CODE: 1772315
Coalescing Agents Market Summary
The global coalescing agents market size was valued at USD 1.45 billion in 2024 and is projected to reach USD 2.15 billion by 2030, growing at a CAGR of 6.8% from 2025 to 2030. The growth is attributed to expanding construction and automotive sectors, fueling demand for high-performance coatings that enhance durability, appearance, and protection.
The market is driven by coalescing agents' rising application in the formulation of paints and coatings to enhance the formation and performance of the final film. When incorporated into water-based formulations, these agents help lower the minimum film formation temperature, making it easier for the coating to form a cohesive and continuous film upon application.
In the ink industry, coalescing agents facilitate the proper dispersion of pigments and dyes in water-based formulations, ensuring smooth application and vibrant color development upon drying. They also contribute to ink adhesion, durability, and resistance to smudging or rubbing, crucial for printing applications across various substrates.
Coalescing agents are often used in personal care products such as creams, lotions, and hair care products to improve texture, spreadability, and moisturizing properties. They help stabilize emulsions, ensuring that ingredients blend uniformly and maintain their efficacy over time.
Developing and producing advanced coalescing agents-particularly low-VOC or high-performance variants-can involve significant costs. This may result in higher final product prices, potentially limiting adoption in cost-sensitive markets.
The shift toward water-based coatings and the increasing demand for high-performance coatings are pivotal drivers of the coalescing agent's industry. Waterborne formulations, favored for their low volatile organic compound (VOC) content and reduced environmental impact, require coalescing agents to facilitate film formation and enhance coating properties. Industries such as construction, automotive, and industrial applications are adopting these coatings for durability and performance. As sustainability becomes a priority, the need for effective coalescing agents in water-based coatings is expected to rise, fueling market growth.
Coalescing Agents Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For the purpose of this study, Grand View Research has segmented the global coalescing agents market report based on product, application, and region: