Global Coalescing Agent Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Type;

Hydrophilic Coalescing Agent and Hydrophobic Coalescing Agent.

By Application;

Paints & Coatings, Adhesive & Sealants, Inks, Personal Care Ingredient and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn131507565 Published Date: May, 2024 Updated Date: June, 2024

Introduction

Global Coalescing Agent Market (USD Million), 2020 - 2030

In the year 2023, the Global Coalescing Agent Market was valued at USD 1,381.23 million. The size of this market is expected to increase to USD 1,917.76 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 4.8%.

The global coalescing agent market serves as a crucial component within various industries, ranging from paints and coatings to adhesives and sealants. Coalescing agents play a vital role in these applications by promoting film formation, enhancing performance, and improving overall durability. As industries continue to prioritize eco-friendly and high-performance solutions, the demand for efficient coalescing agents has witnessed a significant surge. This demand is further fueled by stringent regulations aimed at reducing volatile organic compound (VOC) emissions, driving the market toward more sustainable alternatives.

One of the key drivers propelling the growth of the global coalescing agent market is the booming construction industry. With rapid urbanization and infrastructure development projects worldwide, there is an increased need for durable and aesthetically pleasing coatings and adhesives. Coalescing agents facilitate the formation of a uniform film, improving the quality and longevity of these coatings while also enhancing their resistance to environmental factors such as moisture and abrasion. Additionally, the automotive sector, particularly in emerging economies, is contributing to the market growth as manufacturers seek advanced coatings and adhesives for vehicle assembly and refinishing.

Technological advancements and innovations are reshaping the landscape of the coalescing agent market. Manufacturers are continuously investing in research and development to introduce novel formulations with improved efficiency and lower environmental impact. These efforts are aimed at addressing evolving consumer preferences and regulatory requirements, thereby driving product differentiation and market competitiveness. Additionally, collaborations and strategic partnerships among key players are fostering the exchange of expertise and resources, further propelling the market forward. Overall, the global coalescing agent market is poised for continued expansion, driven by a combination of industrial growth, environmental concerns, and technological advancements.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Coalescing Agent Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Environmental regulations
        2. Sustainability initiatives
        3. Reduced volatile organic compound (VOC) emissions
        4. Increased demand for eco-friendly formulations
      2. Restraints
        1. Regulatory compliance costs
        2. Fluctuating raw material prices
        3. Economic downturns
        4. Volatility in end-user industries
      3. Opportunities
        1. Expansion in emerging markets
        2. Technological innovation
        3. Development of bio-based coalescing agents
        4. Strategic collaborations and partnerships
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Coalescing Agent Market, By Type, 2020 - 2030 (USD Million)
      1. Hydrophilic Coalescing Agent
      2. Hydrophobic Coalescing Agent
    2. Global Coalescing Agent Market, By Application, 2020 - 2030 (USD Million)
      1. Paints & Coatings
      2. Adhesive & Sealants
      3. Inks
      4. Personal Care Ingredient
      5. Others
    3. Global Coalescing Agent Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Eastman Chemical Company
      2. DowDuPont
      3. BASF SE
      4. Evonik Industries AG
      5. Elementis Plc
      6. Synthomer Plc
      7. Celanese Corporation
      8. Croda International Plc
      9. Cargill
      10. Arkema Group
  7. Analyst Views
  8. Future Outlook of the Market