Who are the key players in Coalescing Agent Market?

Eastman Chemical Company, Dow, BASF SE, Cargill, Incorporated and Synthomer PLC are the major companies operating in the Coalescing Agent Market. Read More

Which is the fastest growing region in Coalescing Agent Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Coalescing Agent Market?

In 2024, the Asia Pacific accounts for the largest market share in Coalescing Agent Market. Read More

What years does this Coalescing Agent Market cover, and what was the market size in 2023?

In 2023, the Coalescing Agent Market size was estimated at USD 1.06 billion. The report covers the Coalescing Agent Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Coalescing Agent Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Coalescing Agent Market Size

Market Size of Coalescing Agent Industry

Study Period	2019 - 2029
Market Size (2024)	USD 1.12 Billion
Market Size (2029)	USD 1.43 Billion
CAGR (2024 - 2029)	4.96 %
Fastest Growing Market	Asia Pacific
Largest Market	Asia Pacific
Market Concentration	High
Major Players *Disclaimer: Major Players sorted in no particular order

Coalescing Agents Market Analysis

The Coalescing Agent Market size is estimated at USD 1.12 billion in 2024, and is expected to reach USD 1.43 billion by 2029, growing at a CAGR of 4.96% during the forecast period (2024-2029).

The coalescing agents market was negatively impacted by the COVID-19 pandemic as there was a slowdown in production and mobility as industries such as paints and coatings, adhesives and sealants, etc., were forced to delay their production due to containment measures and economic disruptions. Currently, the market has recovered from the pandemic and is growing at a significant rate. COVID-19 negatively impacted the market in 2020. However, the market reached pre-pandemic levels in 2022 and is expected to grow steadily in the future.

The increasing demand for architectural and industrial coatings in the Asian region is expected to fuel market growth.
However, strict government regulations to maintain particular VOC standards are anticipated to hamper market expansion.
Furthermore, a rising focus on eco-friendly products is predicted to generate market opportunity in the pharmaceutical industry.
The Asia-Pacific region dominated the market around the world, with countries like China, India, and Japan being the biggest consumers.

Coalescing Agents Industry Segmentation

Coalescing agents are used in dispersion paints to optimize the film formation process of the polymeric binder particles. Coalescing agents help soften the polymer and form a solid, continuous film as the paint dries. They are stabilizers or temporary plasticizers that provide an even dispersion for polymer or resin.

The coalescing agents market is segmented by type, application, and geography. By type, the market is segmented into hydrophilic and hydrophobic. By application, the market is segmented into adhesives & sealants, paints & coatings, inks, personal care, and others (decoloring, polymer, etc.). The report also covers the market size and forecasts for the market in 27 countries across the globe.

For each segment, the market sizing and forecasts have been done on the basis of value (USD).

Type
		Hydrophilic
		Hydrophobic

Application
		Adhesives & Sealants
		Paints & Coatings
		Inks
		Personal Care
		Other Applications (Decoloring, Polymer, etc.)

Geography

Asia-Pacific
	China
	India
	Japan
	South Korea
	Malaysia
	Thailand
	Indonesia
	Vietnam
	Rest of Asia-Pacific

North America
	United States
	Canada
	Mexico

Europe
	Germany
	United Kingdom
	Italy
	France
	Spain
	NORDIC Countries
	Turkey
	Russia
	Rest of Europe

South America
	Brazil
	Argentina
	Colombia
	Rest of South America

Middle-East and Africa
	Saudi Arabia
	South Africa
	Nigeria
	Qatar
	Egypt
	United Arab Emirates
	Rest of Middle-East and Africa

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Coalescing Agent Market Size Summary

The coalescing agents market is experiencing a recovery and growth trajectory following the disruptions caused by the COVID-19 pandemic. Initially, the pandemic led to a slowdown in production across various industries, including paints and coatings, adhesives, and sealants, due to containment measures and economic challenges. However, the market has rebounded, reaching pre-pandemic levels and is projected to continue its upward trend. The demand for coalescing agents, particularly in the Asia-Pacific region, is driven by the increasing need for architectural and industrial coatings. This demand is further bolstered by the region's rapid urbanization and industrialization, with countries like China, India, and Japan leading in consumption. The market's growth is also supported by the rising focus on eco-friendly products, which presents opportunities in sectors such as pharmaceuticals.

Despite the positive growth outlook, the market faces challenges from stringent government regulations aimed at maintaining specific VOC standards, which could impede expansion. Nonetheless, the Asia-Pacific region is expected to maintain its dominance in the coalescing agents market, fueled by the growing demand in sectors like adhesives, sealants, inks, personal care, and coatings. The region's beauty industry, for instance, accounted for a significant portion of global sales, contributing to market growth. Additionally, investments in new manufacturing facilities, such as Henkel's new plant in China, are anticipated to further support market expansion. The market is characterized by a consolidated structure, with major players like Eastman Chemical Company, Dow, BASF SE, Synthomer PLC, and Cargill, Incorporated playing pivotal roles in shaping its future.

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Coalescing Agent Market Size - Table of Contents

1. MARKET DYNAMICS
1. 1.1 Drivers
  1. 1.1.1 Increasing Usage in Personal Care Items
  2. 1.1.2 Rising Demand for Architectural and Industrial Coatings in Asia
  3. 1.1.3 Other Drivers
2. 1.2 Restraints
  1. 1.2.1 Stringent Environmemtal Regulations
  2. 1.2.2 Other Restraints
3. 1.3 Industry Value Chain Analysis
4. 1.4 Porter's Five Forces Analysis
  1. 1.4.1 Bargaining Power of Suppliers
  2. 1.4.2 Bargaining Power of Buyers
  3. 1.4.3 Threat of New Entrants
  4. 1.4.4 Threat of Substitute Products and Services
  5. 1.4.5 Degree of Competition
2. MARKET SEGMENTATION (Market Size in Value)
1. 2.1 Type
  1. 2.1.1 Hydrophilic
  2. 2.1.2 Hydrophobic
2. 2.2 Application
  1. 2.2.1 Adhesives & Sealants
  2. 2.2.2 Paints & Coatings
  3. 2.2.3 Inks
  4. 2.2.4 Personal Care
  5. 2.2.5 Other Applications (Decoloring, Polymer, etc.)
3. 2.3 Geography
  1. 2.3.1 Asia-Pacific
    1. 2.3.1.1 China
    2. 2.3.1.2 India
    3. 2.3.1.3 Japan
    4. 2.3.1.4 South Korea
    5. 2.3.1.5 Malaysia
    6. 2.3.1.6 Thailand
    7. 2.3.1.7 Indonesia
    8. 2.3.1.8 Vietnam
    9. 2.3.1.9 Rest of Asia-Pacific
  2. 2.3.2 North America
    1. 2.3.2.1 United States
    2. 2.3.2.2 Canada
    3. 2.3.2.3 Mexico
  3. 2.3.3 Europe
    1. 2.3.3.1 Germany
    2. 2.3.3.2 United Kingdom
    3. 2.3.3.3 Italy
    4. 2.3.3.4 France
    5. 2.3.3.5 Spain
    6. 2.3.3.6 NORDIC Countries
    7. 2.3.3.7 Turkey
    8. 2.3.3.8 Russia
    9. 2.3.3.9 Rest of Europe
  4. 2.3.4 South America
    1. 2.3.4.1 Brazil
    2. 2.3.4.2 Argentina
    3. 2.3.4.3 Colombia
    4. 2.3.4.4 Rest of South America
  5. 2.3.5 Middle-East and Africa
    1. 2.3.5.1 Saudi Arabia
    2. 2.3.5.2 South Africa
    3. 2.3.5.3 Nigeria
    4. 2.3.5.4 Qatar
    5. 2.3.5.5 Egypt
    6. 2.3.5.6 United Arab Emirates
    7. 2.3.5.7 Rest of Middle-East and Africa