Global Coalescing Agent Market

Definition: Global Coalescing Agent

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.

Analysis: Global Coalescing Agent

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. This rise in market value can be attributed to the increasing demand from various end-users due to its rising benefits.
Market Drivers:
  • Increased levels of urbanization globally resulting in increased demand from paints & coatings industry is expected to act as a driver for the market growth
Market Restraints:
  • 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.

Segmentation: 

  • By Type
    • Hydrophilic Coalescing Agent
    • Hydrophobic Coalescing Agent
  • By Application
    • Personal Care Ingredient
    • Inks
    • Adhesives & Sealants
    • Paints & Coatings
    • Others
  • By Geography
    • North America
      • US
      • Canada
      • Mexico

Competitive Analysis: 

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.

Few of the major competitors currently working in the Coalescing Agent Market :-

Akzo Nobel N.V.
Cargill Incorporated
Evonik Industries AG
Celanese Corporation
Eastman Chemical Company
Croda International Plc
BASF SE
Arkema
synthomer plc
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Email : sopan.gedam@ databridgemarketresearch.com

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