Global Coalescing Agent Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Coalescing Agent Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global coalescing agent market report has been segmented on the basis of type, application, and region.
Coalescence is integral part of process of film formation in the dispersion paints which permits and includes fusion. Coalescing agents are used for optimizing film formation mechanism of polymeric binder particles. In addition, coalescing agents primarily decrease formation temperature and thus optimize film consistency, properties, and appearance. Moreover, coalescing agents are utilized to reduce polymer particle surface area and to reduce repulsive forces between polymer particles during diluent evaporation process.
Appropriate formation of the film is an important part while imparting corrosion low porosity, resistance ability, and other various required attributes which are requisite in the superior coatings. Water-borne coatings have adopted various solvents as coalescing help to appropriately distribute hydrophobic latex molecules. In various high-end applications where process has been taken out in high pressure and high temperature (HPHT) environment high performance coatings are required to withstand in high temperatures for long term.
Coalescing agent offers better mechanical properties such as film impermeability, corrosion resistance, resistance against harmful chemicals, and film appearance. These properties help adoption of the coatings in various applications and end-use sectors. In addition, coalescing agent are added during letdown stage of coating formulation and also used in water-based coatings.
Increasing adoption of the coalescing agent in various end-use industries such as construction and marine is a major factor expected to boost growth of the global coalescing agent market. In addition, increasing awareness among manufacturers regarding usage of eco-friendly coalescing agents is additional factor estimated to drive growth of the global coalescing agent market.
Strict government guidelines and regulations prohibiting use of conventional additives and solvents that are non-environmental friendly and toxic in nature is another factor expected to fuel growth of the global market in the next few years. In addition, increasing demand for coalescing agent from paints and coatings and adhesives and sealants is another factor projected to drive the target market growth.
However, high production cost of coalescing agent is a major factor estimated to hamper growth of the target market.
Among the type segments, the hydrophilic segment is expected to account for moderate share in terms of revenue in the global coalescing agent market. Hydrophilic agents are sub-segmented into water and low water soluble. Moreover, low soluble hydrophilic is primarily utilized coalescing agent owing to their high efficiency, low water solubility, and low risk of penetrating in porous substrate.
Among the application segments, the paints and coatings segment is expected to account for major share in terms of revenue in the global coalescing agent market.
The Asia Pacific market is estimated to account for major share in terms of revenue in the target market. This is attributed to strong economic growth and growing manufacturing output in countries in the region. The market in Asia Pacific is expected to register fastest GAGR over the forecast period.
Global Coalescing Agent Market Segmentation:
Global Coalescing Agent Market Segmentation, by type:
- Hydrophobic coalescing agents
- Hydrophilic coalescing agents
- Water Soluble
- Partially Water Soluble
Global Coalescing Agent Market Segmentation, by application:
- Paints & Coatings
- Adhesive & Sealants
- Personal Care Ingredients
Global Coalescing Agent Market Segmentation, by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Estimated Year 2020 Actual Year 2021 Forecast Period 2021–2030 Revenue in US$
- Eastman Chemical Company
- DowDuPont Inc.
- BASF SE
- Evonik Industries AG
- Elementis Plc
- Synthomer Plc
- Celanese Corporation
- Croda International Plc
- Cargill, Incorporated
- Arkema Group
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