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There are many factors that affect how the Coalescing Agents Market changes and grows. This market is driven by the need for combining agents in the paint and coatings business. Coagulating agents are needed for water-based paints and coats to make layers and work better. As more people want eco-friendly, low-VOC paints, more combine agents are used in architectural and industrial finishes.
The market for coalescing agents is projected to grow at a rate of 5.1% per year and hit USD 1.8 billion by 2030. Solvents called coalescing agents make it easier to make polymer image films. As an addition, combining agents lower the minimum temperature at which a film can form, improve film cohesion, and raise the qualities of the film, such as its resistance, mechanical properties, wear resistance, and look.
The Coalescing Agents Market is greatly affected by rules and laws. Around the world, governments are enforcing strict rules on VOC emissions and the environmental friendliness of paints. This is possible with the help of coalescing agents, which create a continuous layer while the material dries, which reduces the need for high-VOC solvents. Changing rules affect how coatings are made and how combining agents are used.
Changes in how combining agents are put together change how the market works. Continuous study and development makes combining agent technologies more effective, compatible with more resins, and better at protecting the environment. To meet the needs of industry, new combining agents improve film forming, drying times, and covering longevity.
Market factors are affected by growth in end-use industries like building, cars, and furniture. The things that use coalescing agents are paints, coats, glues, seals, and more. The growth of cities, improvements in infrastructure, and people's desire for nice, long-lasting things all help these industries grow, which raises the demand for combine agents.
The Coalescing Agents Market is affected by things like construction and the economy. Demand for coatings and combining agents is affected by construction, customer spending on home improvements, and industry activity. Economic growth, real estate development, and changes to infrastructure all have an effect on how much coalescing agents people buy.
The way the market works is affected by how competitive it is and how well businesses work together. Coalescing agent makers work with people who make paints and coatings, study centers, and end users to make goods better, find new uses for them, and get a bigger part of the market. Partnerships, mergers, and purchases help companies in the tough combining agents business make more products and reach more customers.
The way the market works is affected by how much people want healthy, low-VOC goods. As people become more aware of the environment, they want treatments and items that don't hurt the quality of the air inside their homes. These options make low-VOC coalesce agent coatings appealing and help the market for sustainable coatings move forward.
The Coalescing Agents Market is affected by changes happening around the world, such as green building standards and healthy practices. More and more, the construction industry is using green and energy-efficient building methods. Coagulating agents help low-VOC paints meet ecological and green building standards, which increases demand.
Finally, the Coalescing Agents Market is affected by their important part in the paint and coatings industry, shifting rules and regulations, new technologies, the growth of end-use industries, the economy, the way competitors work, consumer preferences for sustainability, and global green building trends. Because of these factors, the market is always changing, and merging agents are necessary to make coatings that meet new environmental and industry rules. As businesses focus on being environmentally friendly and following the law, the need for efficient combining agents will spur new ideas and help the market change.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Growth Rate | of 5.1%(2022-2030 |
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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