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Coalescing Agent Market by Type (Hydrophilic, Hydrophobic), Application (Paints & Coatings, Adhesive & Sealants, Inks, Personal Care Ingredients), and Region (APAC, North America, Europe, Middle East & Africa, South America)- Global forecast to 2023

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    Report

  • 120 Pages
  • January 2019
  • Region: Global
  • Markets and Markets
  • ID: 4748212

The coalescing agents market is projected to register a CAGR of 4.9% between 2018 and 2023.

The coalescing agents market size is projected to grow from USD 1.0 billion in 2018 to USD 1.3 billion by 2023, at a CAGR of 4.9%. Coalescing agents are typically solvents which help optimize the film formation process of polymer emulsion. Coalescing agents are used as an additive to reduce the minimum film formation temperature, resulting in optimized film coherence and improve film properties such as scrub resistance, abrasion resistance, mechanical properties, and appearance. Increasing demand from emerging economies, increasing demand for environmentally-friendly coalescent agents, and growing demand for high-performance coatings are creating growth opportunities for the market players. However, stringent environmental regulations and high cost of coalescing agents act as a restraint to the growth of the market.

Hydrophilic coalescing agent segment is estimated to be the faster-growing type in the overall market during the forecast period.

The hydrophilic coalescing agent segment is expected to witness a higher growth rate in the overall coalescing agents market during the forecast period. Hydrophilic coalescing agent can be categorized into water-soluble and partially water soluble. Hydrophilic is the commonly used coalescing agent, owing to their high efficiency, controlled water evaporation, and medium to low water solubility. However, low water soluble hydrophilic coalescing agents are generally preferred as it offers excellent conditions to concentrate at the boundary region of the polymeric particle in the dispersed stage due to their balanced hydrophobic/hydrophilic nature. It also reduces the effecting early water resistance.

Paints & coatings segment is estimated to be the fastest-growing application of coalescing agent.

The paints & coatings segment is the major consumer of coalescing agent and is estimated to witness the highest CAGR during the forecast period. The growing demand for high-performance coatings as well as premium paints from end-use industries such as automotive & transportation and construction drives the market for coalescing agents in the paints & coatings application segment.

The APAC coalescing agents market is projected to witness the highest CAGR during the forecast period.

The APAC coalescing agents market is projected to register the highest CAGR between 2018 and 2023. Growth in end-use industries such as construction and automotive, as well as increasing disposable income, is majorly driving the demand for coalescing agent in this region. In APAC, countries such as China and India are the largest consumers of coalescing agent due to their increasing manufacturing output and rapid urbanization. China is estimated to be the key market in the region, whereas, the market in India is estimated to grow at the highest CAGR during the forecast period. The demand for coalescing agent in India is driven by the rapidly growing end-use industries, low manufacturing costs, large population, and changing lifestyle.

Breakdown of the profiles of primary interviewees:

  • By Company Type – Tier 1 - 45%, Tier 2 - 22%, and Tier 3 - 33%
  • By Designation – C Level - 50%, Director Level - 25%, and Others - 25%
  • By Region – Asia Pacific - 50%, North America - 10%, Europe - 20%, Middle East & Africa - 10%, and South America - 10%

Some of the key companies profiled in this report are Eastman Chemical Company (US), DowDuPont (US), BASF SE (Germany), Synthomer Plc (UK), and Evonik Industries AG (Germany), among others.

Research Coverage:
The report covers the coalescing agents market and the use of these materials in different applications across different regions. It estimates the size of the coalescing agents market for 2018 and forecasts the growth potential of the market across different segments. The report also includes an in-depth competitive analysis of the key market players, along with their profiles and key growth strategies adopted by them.

Key benefits of buying the report
This research report focuses on various levels of analysis, which include industry analysis (industry trends) and company profiles. These insights present views on the competitive landscape, emerging and high-growth segments of the coalescing agents market, high-growth regions, and drivers, restraints, opportunities, and challenges in the coalescing agents market.

The report provides insights on the following pointers:

  • Market Penetration: Comprehensive information on coalescing agents offered by the top players operating in the market
  • Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and new product launches in the coalescing agents market
  • Market Development: Comprehensive information about lucrative and emerging markets; analyzes markets for coalescing agents in different regions
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the coalescing agents market
  • Competitive Assessment: In-depth assessment of strategies, and products, of the leading players in the coalescing agents market

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Scope of the Study
1.3.1 Years Considered for the Study
1.4 Currency
1.5 Units Considered
1.6 Limitations
1.7 Stakeholders
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
2.3.1 Assumptions
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Coalescing Agent Market
4.2 Coalescing Agent Market, By Region
4.3 Coalescing Agent Market, By Application
4.4 Coalescing Agent Market, By Country
4.5 Coalescing Agent Market, By Type
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Demand From Growing End-Use Industries
5.2.1.2 Rapid Urbanization in Emerging Economies
5.2.2 Restraints
5.2.2.1 High Production Cost of Coalescing Agent
5.2.3 Opportunities
5.2.3.1 Rising Demand for Environment-Friendly Coalescing Agents
5.2.4 Challenges
5.2.4.1 Compliance With Stringent Regulations and Standards
6 Industry Trends
6.1 Porter’s Five Forces Analysis
6.1.1 Threat of New Entrants
6.1.2 Threat of Substitutes
6.1.3 Bargaining Power of Suppliers
6.1.4 Bargaining Power of Buyers
6.1.5 Intensity of Competitive Rivalry
6.2 Macroeconomic Overview and Key Trends
6.2.1 Trends and Forecast of GDP
7 Coalescing Agent Market, By Type
7.1 Introduction
7.2 Hydrophilic Coalescing Agent
7.3 Hydrophobic Coalescing Agent
8 Coalescing Agent Market, By Application
8.1 Introduction
8.2 Paints & Coatings
8.3 Adhesive & Sealants
8.4 Inks
8.5 Personal Care Ingredient
8.6 Others
9 Coalescing Agent Market, By Region
9.1 Introduction
9.2 APAC
9.2.1 China
9.2.1.1 Rising Demand for High-Performance Coatings Coupled With Strong Economic Growth to Drive the Demand for Coalescing Agents
9.2.2 Japan
9.2.2.1 Rising Demand for Environment-Friendly Products to Drive the Market
9.2.3 India
9.2.3.1 Rapid Urbanization and Increasing Construction and Automotive Production to Drive the Demand for Coalescing Agents
9.2.4 South Korea
9.2.4.1 Growing Paints & Coatings Industry to Drive the Demand for Coalescing Agents
9.2.5 Indonesia
9.2.5.1 Growing Industrial and Construction Activity to Drive the Demand for Coalescing Agent
9.2.6 Rest of APAC
9.3 Europe
9.3.1 Germany
9.3.1.1 Strong Economic Growth and Continuous Expansion of End-Use Industries Drive the Coalescing Agent Market
9.3.2 France
9.3.2.1 Recovery of Economy and Stringent Regulations on Emission of Voc Supports the Demand for Coalescing Agent
9.3.3 UK
9.3.3.1 Growing Demand From End-Use Industries Such as Construction and Automotive Drives the Coalescing Agent Market
9.3.4 Italy
9.3.4.1 Slow Growth in Country’s Economy Due to Weakening Demand and Inflation May Impact the Market
9.3.5 Spain
9.3.5.1 Strong Economic Growth in Line With Growing End-Use Industries to Drive the Coalescing Agent Market in the Country
9.3.6 Russia
9.3.6.1 Improving Private & Public Investment and Construction Activities Will Increase the Demand for Coalescing Agent
9.3.7 Turkey
9.3.7.1 Improving Private & Public Investment and Construction Activities Will Increase the Demand for Coalescing Agent
9.3.8 Rest of Europe
9.4 North America
9.4.1 US
9.4.1.1 Strong Economic Growth and Rising Demand for Eco-Friendly Coalescing Agents
9.4.2 Canada
9.4.2.1 Rising Demand From Automotive & Construction Industries
9.4.3 Mexico
9.4.3.1 Increasing Investments in End-Use Industries and Strong Economic Growth
9.5 Middle East & Africa
9.5.1 Saudi Arabia
9.5.1.1 Efforts to Diversify Oil-Based Economy and Strong Economic Growth Will Increase the Demand
9.5.2 South Africa
9.5.2.1 Rebound in South African Economy Will Drive Demand for Coalescing Agent
9.5.3 Rest of Middle East & Africa
9.6 South America
9.6.1 Brazil
9.6.1.1 Rebound in Economic Growth Likely to Boost Demand for Coalescing Agent in Paints & Coatings
9.6.2 Argentina
9.6.2.1 Financial Aid From Imf to Revive Economic Growth and Drive Demand in Automotive & Construction Industries
9.6.3 Rest of South America
10 Competitive Landscape
10.1 Introduction
10.2 Competitive Situation and Trends
10.2.1 Expansions
10.2.2 Acquisitions
11 Company Profiles
11.1 Eastman Chemical Company
11.2 DowDuPont
11.3 BASF SE
11.4 Evonik Industries AG
11.5 Elementis Plc
11.6 Synthomer Plc
11.7 Celanese Corporation
11.8 Croda International Plc
11.9 Cargill, Incorporated
11.10 Arkema Group
11.11 Additional Company Profiles
11.11.1 Stepan Company
11.11.2 Oxea GmbH
11.11.3 Runtai Chemical Co., Ltd.
11.11.4 Addapt Chemicals B.V.
11.11.5 Patcham FZC
11.11.6 Chemoxy International Ltd.
11.11.7 XF Technologies Inc.
11.11.8 Hallstar
11.11.9 Krishna Antioxidants Pvt. Ltd.
11.11.10 Ascend Performance Materials
11.11.11 King Industries, Inc.
11.11.12 Cytec (Solvay)
11.11.13 Sino-Japan Chemical Co., Ltd.
11.11.14 Rudolf GmbH
11.11.15 Oxiteno
12 Appendix
12.1 Insights From Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: Subscription Portal
12.4 Available Customizations
12.5 Related Reports
12.6 Author Details
List of Tables
Table 1 Trends and Forecast of Per Capita GDP (USD)
Table 2 Coalescing Agent Market Size, By Type, 2016-2023 (Ton)
Table 3 Coalescing Agent Market Size, By Type, 2016-2023 (USD Million)
Table 4 Hydrophilic Coalescing Agent Market Size, By Region, 2016-2023 (Ton)
Table 5 Hydrophilic Coalescing Agent Market Size, By Region, 2016-2023 (USD Million)
Table 6 Hydrophobic Coalescing Agent Market Size, By Region, 2016-2023 (Ton)
Table 7 Hydrophobic Coalescing Agent Market Size, By Region, 2016-2023 (USD Million)
Table 8 Coalescing Agent Market Size, By Application, 2016-2023 (Ton)
Table 9 Coalescing Agent Market Size, By Application, 2016-2023 (USD Million)
Table 10 By Market Size in Paints & Coatings, By Region, 2016-2023 (Ton)
Table 11 By Market Size in Adhesive & Sealants, By Region, 2016-2023 (Ton)
Table 12 By Market Size in Inks, By Region, 2016-2023 (Ton)
Table 13 By Market Size in Personal Care Ingredient, By Region, 2016-2023 (Ton)
Table 14 By Market Size in Other Applications, By Region, 2016-2023 (Ton)
Table 15 By Market Size, By Region, 2016-2023 (Ton)
Table 16 By Market Size, By Region, 2016-2023 (USD Million)
Table 17 By Market Size, By Type, 2016-2023 (Ton)
Table 18 By Market Size, By Type, 2016-2023 (USD Million)
Table 19 By Market Size, By Application, 2016-2023 (Ton)
Table 20 By Market Size, By Application, 2016-2023 (USD Million)
Table 21 APAC: By Market Size, By Country, 2016-2023 (Ton)
Table 22 APAC: By Market Size, By Country, 2016-2023 (USD Million)
Table 23 APAC: By Market, By Type, 2016-2023 (Ton)
Table 24 APAC: By Market, By Type, 2016-2023 (USD Million)
Table 25 APAC: By Market, By Application, 2016-2023 (Ton)
Table 26 China: By Market, By Application, 2016-2023 (Ton)
Table 27 Japan: By Market, By Application, 2016-2023 (Ton)
Table 28 India: By Market, By Application, 2016-2023 (Ton)
Table 29 South Korea: By Market, By Application, 2016-2023 (Ton)
Table 30 Indonesia: By Market, By Application, 2016-2023 (Ton)
Table 31 Rest of APAC: By Market, By Application, 2016-2023 (Ton)
Table 32 Europe: By Market Size, By Country, 2016-2023 (Ton)
Table 33 Europe: By Market Size, By Country, 2016-2023 (USD Million)
Table 34 Europe: By Market Size, By Type 2016-2023 (Ton)
Table 35 Europe: By Market Size, By Type 2016-2023 (USD Million)
Table 36 Europe: By Market Size, By Application, 2016-2023 (Ton)
Table 37 Germany: By Market Size, By Application, 2016-2023 (Ton)
Table 38 France: By Market Size, By Application, 2016-2023 (Ton)
Table 39 UK: By Market Size, By Application, 2016-2023 (Ton)
Table 40 Italy: By Market Size, By Application, 2016-2023 (Ton)
Table 41 Spain: By Market Size, By Application, 2016-2023 (Ton)
Table 42 Russia: By Market Size, By Application, 2016-2023 (Ton)
Table 43 Turkey: By Market Size, By Application, 2016-2023 (Ton)
Table 44 Rest of Europe: By Market Size, By Application, 2016-2023 (Ton)
Table 45 North America: By Market Size, By Country, 2016-2023 (Ton)
Table 46 North America: By Market Size, By Country, 2016-2023 (USD Million)
Table 47 North America: By Market, By Type, 2016-2023 (Ton)
Table 48 North America: By Market, By Type, 2016-2023 (USD Million)
Table 49 North America: By Market, By Application, 2016-2023 (Ton)
Table 50 US: By Market, By Application, 2016-2023 (Ton)
Table 51 Canada: By Market, By Application, 2016-2023 (Ton)
Table 52 Mexico: By Market, By Application, 2016-2023 (Ton)
Table 53 Middle East & Africa: By Market Size, By Country, 2016-2023 (Ton)
Table 54 Middle East & Africa: By Market Size, By Country, 2016-2023 (USD Million)
Table 55 Middle East & Africa: By Market Size, By Type, 2016-2023 (Ton)
Table 56 Middle East & Africa: By Market Size, By Type, 2016-2023 (USD Million)
Table 57 Middle East & Africa: By Market, By Application, 2016-2023 (Ton)
Table 58 Saudi Arabia: By Market, By Application, 2016-2023 (Ton)
Table 59 South Africa: By Market, By Application, 2016-2023 (Ton)
Table 60 Rest of Middle East & Africa: By Market, By Application, 2016-2023 (Ton)
Table 61 South America: By Market, By Country, 2016-2023 (Ton)
Table 62 South America: By Market, By Country, 2016-2023 (USD Million)
Table 63 South America: By Market, By Type, 2016-2023 (Ton)
Table 64 South America: By Market, By Type, 2016-2023 (USD Million)
Table 65 South America: By Market, By Application, 2016-2023 (Ton)
Table 66 Brazil: By Market, By Application, 2016-2023 (Ton)
Table 67 Argentina: By Market, By Application, 2016-2023 (Ton)
Table 68 Rest of South America: By Market, By Application, 2016-2023 (Ton)
Table 69 Expansions, 2016-2018
Table 70 Acquisitions, 2016-2018
List of Figures
Figure 1 Market Segmentation
Figure 2 Coalescing Agent Market: Research Design
Figure 3 Breakdown of Primary Interviews
Figure 4 Market Size Estimation: Bottom-Up Approach
Figure 5 Market Size Estimation: Top-Down Approach
Figure 6 Coalescing Agent Market: Data Triangulation
Figure 7 Hydrophilic Segment to Lead the Overall Coalescing Agent Market
Figure 8 Paints & Coatings to Be the Largest Application
Figure 9 APAC Was the Largest Coalescing Agent Market in 2017
Figure 10 India to Be Fastest-Growing Coalescing Agent Market During Forecast Period
Figure 11 Growing Paints & Coatings Segment to Drive the Coalescing Agent Market
Figure 12 APAC to Be Fastest-Growing Coalescing Agent Market During Forecast Period
Figure 13 Paints & Coatings is the Largest Application of Coalescing Agent Market
Figure 14 India to Register the Highest Cagr Between 2018 and 2023
Figure 15 Hydrophilic Dominated Overall Coalescing Agent Market
Figure 16 Coalescing Agent Market Dynamics
Figure 17 Porter’s Five Forces Analysis
Figure 18 Hydrophilic to Dominate Overall Coalescing Agent Market Between 2018 and 2023
Figure 19 Paints & Coatings to Be the Largest Application of Coalescing Agent Between 2018 and 2023
Figure 20 APAC to Register the Highest Cagr in the Coalescing Agent Market
Figure 21 APAC Market Snapshot: India Estimated to Be Fastest-Growing Market, 2018-2022
Figure 22 Europe Market Snapshot: Turkey Estimated to Be Fastest-Growing Market, 2018-2022
Figure 23 North America: Us to Be Fastest-Growing Market for Coalescing Agent Between 2018 and 2023
Figure 24 Middle East & Africa: Saudi Arabia to Be Fastest-Growing Market for Coalescing Agent
Figure 25 South America: Brazil to Be Fastest-Growing Market for Coalescing Agent
Figure 26 Market Ranking Analysis
Figure 27 Companies Primarily Adopted Inorganic Growth Strategies (2016-2018)
Figure 28 Eastman Chemical Company: Company Snapshot
Figure 29 Eastman Chemical Company: SWOT Analysis
Figure 30 DowDuPont: Company Snapshot
Figure 31 DowDuPont: SWOT Analysis
Figure 32 BASF SE: Company Snapshot
Figure 33 BASF SE: SWOT Analysis
Figure 34 Evonik Industries AG: Company Snapshot
Figure 35 Elementis Plc: Company Snapshot
Figure 36 Elementis Plc: SWOT Analysis
Figure 37 Synthomer Plc: Company Snapshot
Figure 38 Synthomer Plc: SWOT Analysis
Figure 39 Celanese Corporation: Company Snapshot
Figure 40 Croda International Plc: Company Snapshot
Figure 41 Cargill, Incorporated: Company Snapshot
Figure 42 Arkema Group: Company Snapshot

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Executive Summary

Companies Mentioned

  • Addapt Chemicals B.V.
  • Additional Company Profiles
  • Arkema Group
  • Ascend Performance Materials
  • BASF SE
  • Cargill, Incorporated
  • Celanese Corporation
  • Chemoxy International Ltd.
  • Croda International Plc
  • Cytec (Solvay)
  • DowDuPont
  • Eastman Chemical Company
  • Elementis Plc
  • Evonik Industries AG
  • Hallstar
  • King Industries, Inc.
  • Krishna Antioxidants Pvt. Ltd.
  • Oxea GmbH
  • Oxiteno
  • Patcham FZC
  • Rudolf GmbH
  • Runtai Chemical Co., Ltd.
  • Sino-Japan Chemical Co., Ltd.
  • Stepan Company
  • Synthomer Plc
  • XF Technologies Inc.

Table Information