Coalescing Agents Market Research | Analysis and Demand with Forecast Overview t
Posted by Rishab Gupta on February 11th, 2020
Rudolf GmbH (Indonesia), Eastman Chemical Company (US), Elementis plc (UK), 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) and Chemoxy International Ltd (UK)
Coalescing Agents Market Forecast was valued at USD 1.2 billion in 2018 and is expected to register a CAGR of 5.1% during the forecast period. The increasing demand for high-performance coatings is expected to accelerate the growth of the global coalescing agents market. Coalescing agents have unique mechanical properties, film impermeability, corrosion resistance, and resistance against toxic chemicals. These attributes have increased the adoption of coalescing agents in numerous end-user industries.
It is significantly used in the production of water-based coatings. Coalescing agents for water-based coatings are environment-friendly and meets the government standards of VOC emission such as clean air act (section 183(e)) and (71 FR 28320). Thus, the environment-friendly nature of coalescing agents is increasing its application in paints and coatings. According to the Coating World, the global demand for coatings is expected to be around 54.7 million metric tons valued at USD 193 billion in 2020. The increase in demand for coatings is expected to boost the demand for coalescing agents.
The global coalescing agents market has been segregated based on type, application, and region. By type, the global coalescing agents market is divided into hydrophilic and hydrophobic. The hydrophilic segment is expected to register a significant CAGR during the forecast period owing to its properties such as low water solubility and reduced risk of penetrating in porous substrates. Further, the application segment is categorized as adhesive & sealants, paints & coatings, personal care ingredients, inks, and others. The paints & coatings segment is expected to witness substantial growth during the forecast period owing to their increasing application in the construction and automotive industries.
The global coalescing agents market has been studied with respect to five regions—North America, Asia-Pacific, Latin America, Europe, and the Middle East & Africa. Asia-pacific has significant growth potential for coalescing agents market and is the leading consumer of adhesives & sealants and paints & coatings in terms of volume. The high demand from end-use industries such as automotive, aerospace, construction and manufacturing are expected to drive the global coalescing agents market growth.
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About the AuthorRishab Gupta
Joined: November 25th, 2019
Articles Posted: 303
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