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.
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
The objective of this market report is to provide a detailed analysis of industry and its impact based on applications and on different geographical regions, strategically analyses the growth trends, future prospects. The report provides specific and up to date information about the consumer’s demands, preferences, ideas and their varying liking about particular product. The market research report is a resource, which provides current as well as upcoming technical and financial details of the industry to 2025. The report helps to plan about the advertising and sales promotion strategy more successfully and also helps in taking sound decisions.
This market report also delivers list of the leading competitors and provides the insights about strategic industry analysis of the key factors influencing the industry. With transparent market research studies, an absolute and qualitative report has been offered to the client. This market report also presents the company profile, product specifications, production value, contact information of manufacturer, and market shares for company. Report takes into account key market dynamics of sector. DBMR team has an excellent industry experience, talent solutions, industry insight and latest tools and technology which make this market report world-class.
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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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