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The Coalescing Agents Market is growing because more people want water-based coatings, rules are changing to require low-VOC products, and paint and coating technologies are getting better. Coalescing agents help make films that are more stable and form better in water-based systems.
More and more, the combining Agents Market is focusing on bio-based and eco-friendly combining agents. Manufacturers are looking into options to standard combining agents made from petrochemicals that are better for the earth and use green feedstocks. This trend fits with the industry's goal of making coats and paints less harmful to the environment.
Coagulating products are being changed to meet the needs of different industries, such as building coatings, industrial coatings, and glue. This is what drives innovation. The best film development, flattening, and coalescence are achieved with advanced combining agents.
The building coatings industry drives the coaling agents market by making paints that are low in volatile organic compounds (VOCs) and good for the environment. Coalescing agents help make surfaces that work better and have less of an effect on the environment. As people and government agencies push for healthy and more environmentally friendly living settings, the need for low-VOC,
In places where VOC rules are strict, makers have to change the way they make coatings to follow the rules. This forces the use of low-VOC and water-based paint formulas.
Coalescing agents make water-based basecoats and clearcoats stick together and last, which is what the car business needs. Water-based paints are becoming more popular as cars try to cut down on pollution and damage to the environment.
Asia-Pacific is the biggest market for coalescing agents because of how quickly it is industrializing, urbanizing, and building. A lot of people want environmentally friendly and low-VOC architectural paints, which need combining agents to be made. China and India are two of the biggest donors.
To make coatings work better on a wide range of surfaces and performance needs, manufacturers are releasing a number of combining agents with various qualities, such as solubility, boiling point, and hydrophobicity. This trend makes coating formulas more flexible.
Manufacturers are working together with coating formulators, research institutions, and end users to come up with custom solutions for the complicated coating formulas and the need for unique combining agents in different situations. These partnerships help come up with new co
More and more coalesce agents are being used in the industrial coatings sector because of the need for high-performance coatings in oil and gas, industry, and infrastructure.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Market Opportunities | Coalescing agents from emerging economies, which will be one of the key factors driving the growth. |
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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