Market Research Report
Coalescing Agent Market by Type (Hydrophilic, Hydrophobic), Application (Paints & Coatings, Adhesive & Sealants, Inks, Personal Care Ingredients), and Region (APAC, North America, Europe, Middle East & Africa, South America) - Global forecast to 2023
|Published by||MarketsandMarkets||Product code||781805|
|Published||Content info||120 Pages
Delivery time: 1-2 business days
|Coalescing Agent Market by Type (Hydrophilic, Hydrophobic), Application (Paints & Coatings, Adhesive & Sealants, Inks, Personal Care Ingredients), and Region (APAC, North America, Europe, Middle East & Africa, South America) - Global forecast to 2023|
|Published: January 30, 2019||Content info: 120 Pages||
"The coalescing agents market is projected to register a CAGR of 4.9% between 2018 and 2023."
The coalescing agents market size is projected to grow from USD 1.0 billion in 2018 to USD 1.3 billion by 2023, at a CAGR of 4.9%. Coalescing agents are typically solvents which help optimize the film formation process of polymer emulsion. Coalescing agents are used as an additive to reduce the minimum film formation temperature, resulting in optimized film coherence and improve film properties such as scrub resistance, abrasion resistance, mechanical properties, and appearance. Increasing demand from emerging economies, increasing demand for environmentally-friendly coalescent agents, and growing demand for high-performance coatings are creating growth opportunities for the market players. However, stringent environmental regulations and high cost of coalescing agents act as a restraint to the growth of the market.
The hydrophilic coalescing agent segment is expected to witness a higher growth rate in the overall coalescing agents market during the forecast period. Hydrophilic coalescing agent can be categorized into water-soluble and partially water soluble. Hydrophilic is the commonly used coalescing agent, owing to their high efficiency, controlled water evaporation, and medium to low water solubility. However, low water soluble hydrophilic coalescing agents are generally preferred as it offers excellent conditions to concentrate at the boundary region of the polymeric particle in the dispersed stage due to their balanced hydrophobic/hydrophilic nature. It also reduces the effecting early water resistance.
The paints & coatings segment is the major consumer of coalescing agent and is estimated to witness the highest CAGR during the forecast period. The growing demand for high-performance coatings as well as premium paints from end-use industries such as automotive & transportation and construction drives the market for coalescing agents in the paints & coatings application segment.
The APAC coalescing agents market is projected to register the highest CAGR between 2018 and 2023. Growth in end-use industries such as construction and automotive, as well as increasing disposable income, is majorly driving the demand for coalescing agent in this region. In APAC, countries such as China and India are the largest consumers of coalescing agent due to their increasing manufacturing output and rapid urbanization. China is estimated to be the key market in the region, whereas, the market in India is estimated to grow at the highest CAGR during the forecast period. The demand for coalescing agent in India is driven by the rapidly growing end-use industries, low manufacturing costs, large population, and changing lifestyle.
Some of the key companies profiled in this report are: Eastman Chemical Company (US), DowDuPont (US), BASF SE (Germany), Synthomer Plc (UK), and Evonik Industries AG (Germany), among others.
The report covers the coalescing agents market and the use of these materials in different applications across different regions. It estimates the size of the coalescing agents market for 2018 and forecasts the growth potential of the market across different segments. The report also includes an in-depth competitive analysis of the key market players, along with their profiles and key growth strategies adopted by them.
This research report focuses on various levels of analysis, which include industry analysis (industry trends) and company profiles. These insights present views on the competitive landscape, emerging and high-growth segments of the coalescing agents market, high-growth regions, and drivers, restraints, opportunities, and challenges in the coalescing agents market.
The report provides insights on the following pointers:
demand for coalescing agent 58
end-use industries drive the coalescing agent market 62
VOC supports the demand for coalescing agent 63
and automotive drives the coalescing agent market 64
and inflation may impact the market 64
to drive the coalescing agent market in the country 65
will increase the demand for coalescing agent 66
will increase the demand for coalescing agent 66
economic growth 72
growth will increase the demand 75
coalescing agent 76
coalescing agent in paints & coatings 80
demand in automotive & construction industries 81
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.