Market Overview

Coalescing agents act as a temporary plasticizer for the polymer particle. They play an important role in optimizing the film formation to ensure a smooth and uniform surface finish. The growing adoption of industrial adhesives sealants in the automotive industry owing to reduce the overall weight of the vehicles and curb CO2 emissions is expected to drive the growth of the global coalescing agents market during the forecast period. In addition, adhesives are also applied to the roofs to reduce the weather effects, which is likely to boost the demand for the product. The use of roofing adhesives is increasing due to the increase in construction activities across the globe, which is expected to propel the growth of the global market during the review period.

Hot-melt adhesives are effective in moisture, humidity, and tough environmental conditions, also ensure stability and durability, which is increasing their demand for applications in the automotive and packaging industry. Furthermore, the demand for pressure-sensitive adhesives is growing owing to their increasing application in food packaging. The recent trend of consuming packaged food due to a rise in the working population and consumers inclination towards convenience food has propelled the growth of the packaging industry, which is expected to boost the demand for coalescing agents.

Market Segmentation

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 5.1% 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.

Regional Analysis

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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Competitive Analysis

Leading players of the global Coalescing Agents market are 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)

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