Market Definition: Coalescing Agent Market
Global Coalescing Agent Market was valued at an estimated USD 0.96 billion in 2018, projected to grow with a CAGR of 5.09% in the forecast period of 2019-2026 resulting in a projected estimated value of USD 1.42 billion by 2026.
Coalescing agents are a type of chemical compound that is used in the formulation of films of the polymer bonds in paints and coatings. They are used as an additive to reduce the complication process in formulation of films by reducing the formulation temperature. This helps in ensuring that the paints & coatings have a smooth finish to the end-products.
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Key Market Competitors: Coalescing Agent Market
Few of the major competitors are Akzo Nobel N.V., Cargill Incorporated, Evonik Industries AG, Celanese Corporation, Eastman Chemical Company, Croda International Plc, BASF SE, Arkema, synthomer plc, DowDuPont, Solvay, Elementis plc, Hallstar, PATCHAM(FZC), Stepan Company, Krishna Antioxidants Pvt. Ltd (KAPL), Runtai chemical Limited, Rudolf GmbH, King Industries Inc, xF Technologies Inc., OXEA GmbH, Chemoxy International Ltd, Ascend Performance Materials and SINO-JAPAN CHEMICAL CO.LTD.
The report performs the study of market drivers and market restraints thoroughly along with the analysis of the market structure. This market report endows with the plentiful insights and business solutions that will help to stay ahead of the competition. A class and transparency is strictly maintained while carrying out research studies of this report to offer an exceptional market research report for a specific niche. Businesses can achieve better insights to drive the business into right direction with the different segments covered in the market research report. This market analysis examines various segments which help for the quickest development amid the estimated forecast frame.
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Major Market Drivers & Restraints are as follows:
- Increased levels of urbanization globally resulting in increased demand from paints & coatings industry is expected to act as a driver for the market growth
- Strict regulations imposed by the authorities along with the particular standards according to the different regions, along with the high production cost of the product is expected to act as a restraint to the market growth
Market Segmentation: Coalescing Agent Market
- By Type
- Hydrophilic Coalescing Agent
- Hydrophobic Coalescing Agent
- By Application
- Personal Care Ingredient
- Adhesives & Sealants
- Paints & Coatings
- By Geography
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- North America
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Global coalescing agent market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of coalescing agent market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
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