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The Coalescing Agents Market is being driven by changes in manufacturing technology, more people caring about the environment, and growth in the paint and coatings industry. Coalescing agents, which are also called film-forming aids, help polymer particles stick together, which makes the film better and improves the performance of the coating. As the building and infrastructure businesses grow, so does the need for paint and coatings. Coagulating agents are used in waterborne paints to make eco-friendly, low-VOC mixtures.
Coalescing agent technology is changing how markets work. New developments in coalescent chemistry make coatings work better, dry faster, and be more efficient. As environmental rules and performance standards change, research and development are focusing on combining agents that strike a balance between effectiveness and environmental sustainability. This keeps the market moving.
Businesses around the world and in the area are competing to offer high-performance combining agent options, which changes how the market works. Product quality, covering fit, and following the rules all make the market more competitive. They have an edge in this changing business because they do research and development, work with covering makers, and have a lot of different combining agents to choose from.
Regulation has a big effect on the market for combining agents. Coatings with low VOC are used because of rules about VOC emissions. Coating makers have to follow these rules, which change how combining agents are made and how they are used. How the market changes depends on how well the business can follow environmental rules.
Coagulating agent markets can be affected by the economy and changes in the building and paint industries. Coatings are in high demand because of economic factors like new buildings, real estate, and transportation. Changes in the prices of raw materials, energy, and currencies have an impact on the running costs and pricing methods of coalescing agent makers. These changes in turn have an impact on the market dynamics.
End users want products that work better, last longer, and are better for the environment. This changes how the combining agent market works. Coagulating agent choice is affected by waterborne coatings and low-odor, low-emission coatings. To meet the needs of a wide range of customers, manufacturers must offer personalized combining agents for covering uses and performance.
 
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Segment Outlook | Basis of type, application, and region. |
Coalescing Agents Market Highlights:
Coalescing Agents Market overview
Coalescing Agents Market Size was valued at USD 1.21 Billion in 2023. The Coalescing Agents industry is projected to grow from USD 1.27 Billion in 2024 to USD 1.87 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.98% during the forecast period (2024 - 2032). And coalescing agents are basically solvents that help optimize the film formation process of polymer emulsion. Coalescing agents are used as an additive to bring down the minimum film formation temperature, develop optimized film coherence, and improve film properties such as resistance, mechanical properties, abrasion resistance, and appearance. The global market of coalescing agents has been divided based on type as hydrophilic and hydrophobic, and the hydrophilic section of the market is projected to observe a higher CAGR during the forecast period, whereas hydrophilic coalescing agents are classified into water-soluble and low water-soluble. The low water-soluble is one of the most frequently used coalescing agents owing to their high regulation, low water solubility, and brought to the risk of pervasive in the porous substrate. However, increasing the ultimatum for an environment-friendly coalescing agent also supports the extension of the hydrophilic section.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Regional Analysis
Asia-Pacific is expected to grow at a significant CAGR owing to economic development in the region, which is increasing the application of coalescing agents in end-use industries such as automotive, construction, and aerospace. China, India, South Korea, Australia, Malaysia, Indonesia, and Thailand are witnessing phenomenal industrial growth, which is expected to increase the application of coalescing agents in industrial coatings. Industrial coatings are used for corrosion control in concrete and steel, majorly used in equipment and machinery which is expected to drive the growth of the Asia-Pacific market during the forecast period.
The increase in consumption of paints and coatings in North America, supported by strong growth in the automotive and aerospace industries is expected to fuel the demand for coalescing agents. The Middle East & Africa is expected to witness healthy growth owing to robust construction activities in the region, is propelling the demand for paint & coatings to be used for decorating and protecting infrastructure and building.
Key Players
List of the prominent companies in the global coalescing agents market are
Elementis plc (UK), Eastman Chemical Company (US), synthomer plc (UK), DowDuPont (US), BASF SE (Germany), Croda International Plc (UK), Evonik Industries AG (Germany), Arkema (France), Celanese Corporation (US), Cargill, Incorporated (US), Stepan Company (US), OXEA GmbH (Germany), Runtai Chemical Co., Ltd.(China), Chemoxy International Ltd (UK), and Rudolf GmbH (Indonesia).
Market Overview:
Coalescing agents are solvents used in dispersion paints for optimizing the film formation process of the polymeric binder particles. The growing demand for paints & coatings in the construction, automotive, marine, aerospace, and packaging industries is expected to fuel the market growth during the forecast period. Increasing construction activities have propelled the demand for paint & coatings. For instance, Walt Disney World construction project in Saudi Arabia value USD 64 billion, London Cross rail Project worth over USD 23 billion and Hong Kong-Zhuhai-Macao Bridge in China are few of the big construction projects. Thus, the increasing number of construction projects across the globe is projected to accelerate the demand for paint & coatings to protect buildings and infrastructure from weathering, which is expected to boost the growth of the global coalescing agents market during the forecast period.
Global Coalescing Agents Market Share, by Application, 2017 (%)
Source: MRFR analysis
Regional Analysis
Asia-Pacific is expected to grow at a significant CAGR owing to economic development in the region, which is increasing the application of coalescing agents in end-use industries such as automotive, construction, and aerospace. China, India, South Korea, Australia, Malaysia, Indonesia, and Thailand are witnessing phenomenal industrial growth, which is expected to increase the application of coalescing agents in industrial coatings. Industrial coatings are used for corrosion control in concrete and steel, majorly used in equipment and machinery which is expected to drive the growth of the Asia-Pacific market during the forecast period.
The increase in consumption of paints and coatings in North America, supported by strong growth in the automotive and aerospace industries is expected to fuel the demand for coalescing agents. The Middle East & Africa is expected to witness healthy growth owing to robust construction activities in the region, is propelling the demand for paint & coatings to be used for decorating and protecting infrastructure and building.
Market Segmentation
The global coalescing agents market has been segmented on the basis of type, application, and region.
Based on type, the global coalescing agents market has been segregated into hydrophilic and hydrophobic.
By application, the global coalescing agents market has been divided into paint & coatings, adhesive & sealants, ink, and others.
The global coalescing agents market, by region, has been studied across five regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.
Recent Development
The paints and coating solicitation segment is calculated to lead the overall coalescing agents market during the projection period. The wide market size in this section is primarily attributed to the high demand in different end-use industries, such as automotive, construction, furniture and woodworking, and others. Growing demand for great performance coating for applications, like coil, marine, automotive, and OME refinish fuels the demand for the coalescing agents in this section. The APAC region is the widest customer of coalescing agents across the world and this region of coalescing agent market is also calculated to witness the highest CAGR between 2018 and 2023. Powerful economic growth and increasing manufacturing outputs are primarily fueling the demand for coalescing agents in the region.
Intended Audience
- High-Performance Paints and Coatings Manufacturers
- Traders and Distributors of Coalescing Agents
- Research and Development Institutes
- Potential Investors
- Raw Material Suppliers
- Nationalized Laboratories
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