DUBLIN--(BUSINESS WIRE)--The "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" report has been added to ResearchAndMarkets.com's offering.
The coalescing agents market size is projected to grow from USD 1 billion in 2018 to USD 1.3 billion by 2023, at a CAGR of 4.9%.
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 the high cost of coalescing agents act as a restraint to the growth of the market.
Hydrophilic coalescing agent segment is estimated to be the faster-growing type in the overall market during the forecast period
The hydrophilic coalescing agent segment is expected to witness a higher growth rate in the overall coalescing agents market during the forecast period. The 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.
Paints & coatings segment is estimated to be the fastest-growing application of coalescing agent.
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 witness the highest CAGR during the forecast period.
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 a 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 a 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.
Market Dynamics
Drivers
- Increasing Demand from Growing End-Use Industries
- Rapid Urbanization in Emerging Economies
Restraints
- High Production Cost of Coalescing Agent
Opportunities
- Rising Demand for Environment-Friendly Coalescing Agents
Challenges
- Compliance with Stringent Regulations & Standards
Topics Covered
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Coalescing Agent Market
4.2 Coalescing Agent Market, By Region
4.3 Coalescing Agent Market, By Application
4.4 Coalescing Agent Market, By Country
4.5 Coalescing Agent Market, By Type
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
6 Industry Trends
6.1 Porter's Five Forces Analysis
6.2 Macroeconomic Overview and Key Trends
7 Coalescing Agent Market, By Type
7.1 Introduction
7.2 Hydrophilic Coalescing Agent
7.3 Hydrophobic Coalescing Agent
8 Coalescing Agent Market, By Application
8.1 Introduction
8.2 Paints & Coatings
8.3 Adhesive & Sealants
8.4 Inks
8.5 Personal Care Ingredient
8.6 Others
9 Coalescing Agent Market, By Region
9.1 Introduction
9.2 APAC
9.3 Europe
9.4 North America
9.5 Middle East & Africa
9.6 South America
10 Competitive Landscape
10.1 Introduction
10.2 Competitive Situation and Trends
11 Company Profiles
11.1 Eastman Chemical Company
11.2 DowDuPont
11.3 BASF SE
11.4 Evonik Industries AG
11.5 Elementis PLC
11.6 Synthomer PLC
11.7 Celanese Corporation
11.8 Croda International PLC
11.9 Cargill Incorporated
11.10 Arkema Group
11.11 Additional Company Profiles
11.11.1 Stepan Company
11.11.2 Oxea GmbH
11.11.3 Runtai Chemical Co. Ltd.
11.11.4 Addapt Chemicals B.V.
11.11.5 Patcham FZC
11.11.6 Chemoxy International Ltd.
11.11.7 XF Technologies Inc.
11.11.8 Hallstar
11.11.9 Krishna Antioxidants Pvt. Ltd.
11.11.10 Ascend Performance Materials
11.11.11 King Industries Inc.
11.11.12 Cytec (Solvay)
11.11.13 Sino-Japan Chemical Co. Ltd.
11.11.14 Rudolf GmbH
11.11.15 Oxiteno
For more information about this report visit https://www.researchandmarkets.com/research/r8794d/worldwide?w=4
