Download Free Sample
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
Coalescing Agent Market Size, Share, Growth, Trends, and Industry Analysis: By Type, By Application and Region
Coalescing Agent Market Size, Share, Growth, Trends, and Industry Analysis: By Type, By Application and Region
Coalescing Agent Market size was valued at US$ 1,038.2 million in 2023 and is expected to reach US$ 1,448.3 million by 2030, at a significant CAGR of 4.9% from 2024-2030. Rapid urbanization in emerging economies, increasing demand from end user industries, growing demand for high-performance coatings and increasing demand for environmentally-friendly coalescent agents are some key factors influencing the market growth. The cost of formulation of non-VOC content coalescing is relatively high, which dents the market growth in the future. Rising raw material prices for the formulation of coalescing agent acts as an adoption barrier.
Furthermore, lack of attentiveness regarding the ill effects created by the coalescing agent may further restrain the market growth. Coalescence is an important aspect of the film generation process in dispersion paints since it facilitates and includes fusion. The main purpose of coalescing agents is to improve the film forming mechanism of polymeric binder particles. In addition, coalesce agents lower the formation temperature, which improves the texture, characteristics, and features of the film. This ensures that the end-products of the paints and coatings have a shiny finish. During the evaporation of diluents, coalescing agents are used to reduce polymer particle surface area and repulsive forces between polymer particles.
Study Period
2024-2030Base Year
2023CAGR
4.9%Largest Market
EuropeFastest Growing Market
North-America
The key factor driving the development of the global coalescing agents market are the expansion of end-use industries across the globe and the increase in demand for high performance coatings in these end-use industries. Coalescing agent enables better mechanical properties, corrosion resistance, film impermeability, film appearance and resistance against harmful chemicals, these properties help the adoption of coatings in numerous number of applications and end-user industries. Coalescing agent can be added during the letdown stage of coating formulation and generally used in water-borne coatings. In high-end applications where the process has been taken out in a HPHT (high pressure and high temperature environment) environment there is a need of high performance coatings that can withstand high temperatures for a long term. Hence, 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 market.
|
Report Benchmarks |
Details |
|
Report Study Period |
2024-2030 |
|
Market Size in 2023 |
US$ 1,038.2 million |
|
Market Size in 2030 |
US$ 1,448.3 million |
|
Market CAGR |
4.9% |
|
By Type |
|
|
By Application |
|
|
By Region |
|
Download Free Sample Report
The coalescing agent market size was valued at US$ 1,038.2 million in 2023.
The coalescing agent market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
The coalescing agent market key players are Evonik Industries AG (Germany), Elementis Plc (UK), Eastman Chemical Company (US), DowDuPont (US), Croda International Plc (UK), Celanese Corporation (US), BASF SE (Germany), Arkema Group (France)
| 1.Executive Summary |
| 2.Global Coalescing Agent Market Introduction |
| 2.1.Global Coalescing Agent Market - Taxonomy |
| 2.2.Global Coalescing Agent Market - Definitions |
| 2.2.1.Type |
| 2.2.2.Application |
| 2.2.3.Region |
| 3.Global Coalescing Agent Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Coalescing Agent Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Coalescing Agent Market By Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Hydrophilic Coalescing Agent |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Hydrophobic Coalescing Agent |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 6.Global Coalescing Agent Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Personal Care Ingredient |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Paints & Coatings |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Inks |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Adhesive & Sealants |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Others |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 7.Global Coalescing Agent Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia Pacific (APAC) |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Middle East and Africa (MEA) |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Latin America |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8.North America Coalescing Agent Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1.Hydrophilic Coalescing Agent |
| 8.1.2.Hydrophobic Coalescing Agent |
| 8.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1.Personal Care Ingredient |
| 8.2.2.Paints & Coatings |
| 8.2.3.Inks |
| 8.2.4.Adhesive & Sealants |
| 8.2.5.Others |
| 8.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.3.1.United States of America (USA) |
| 8.3.2.Canada |
| 9.Europe Coalescing Agent Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Hydrophilic Coalescing Agent |
| 9.1.2.Hydrophobic Coalescing Agent |
| 9.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Personal Care Ingredient |
| 9.2.2.Paints & Coatings |
| 9.2.3.Inks |
| 9.2.4.Adhesive & Sealants |
| 9.2.5.Others |
| 9.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Germany |
| 9.3.2.France |
| 9.3.3.Italy |
| 9.3.4.United Kingdom (UK) |
| 9.3.5.Spain |
| 10.Asia Pacific (APAC) Coalescing Agent Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Hydrophilic Coalescing Agent |
| 10.1.2.Hydrophobic Coalescing Agent |
| 10.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Personal Care Ingredient |
| 10.2.2.Paints & Coatings |
| 10.2.3.Inks |
| 10.2.4.Adhesive & Sealants |
| 10.2.5.Others |
| 10.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.China |
| 10.3.2.India |
| 10.3.3.Australia and New Zealand (ANZ) |
| 10.3.4.Japan |
| 10.3.5.Rest of APAC |
| 11.Middle East and Africa (MEA) Coalescing Agent Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Hydrophilic Coalescing Agent |
| 11.1.2.Hydrophobic Coalescing Agent |
| 11.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Personal Care Ingredient |
| 11.2.2.Paints & Coatings |
| 11.2.3.Inks |
| 11.2.4.Adhesive & Sealants |
| 11.2.5.Others |
| 11.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.GCC Countries |
| 11.3.2.South Africa |
| 11.3.3.Rest of MEA |
| 12.Latin America Coalescing Agent Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Hydrophilic Coalescing Agent |
| 12.1.2.Hydrophobic Coalescing Agent |
| 12.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Personal Care Ingredient |
| 12.2.2.Paints & Coatings |
| 12.2.3.Inks |
| 12.2.4.Adhesive & Sealants |
| 12.2.5.Others |
| 12.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Brazil |
| 12.3.2.Mexico |
| 12.3.3.Rest of LA |
| 13. Competition Landscape |
| 13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 13.2.1.Evonik Industries AG (Germany) |
| 13.2.2.Elementis Plc (UK) |
| 13.2.3.Eastman Chemical Company (US) |
| 13.2.4.DowDuPont (US) |
| 13.2.5.Croda International Plc (UK) |
| 13.2.6.Celanese Corporation (US) |
| 13.2.7.BASF SE (Germany) |
| 13.2.8.Arkema Group (France) |
| 14. Research Methodology |
| 15. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.