Coalescing agent market will grow at a rate of 5.04% for the forecast period of 2021 to 2028. Increasing demand from growing end-use industries is a vital factor driving the growth of coalescing agent market.
However, increasing production cost of coalescing agent is the vital factor among others acting as restraints, while rising compliance with stringent regulations and standards will further challenge the growth of coalescing agent market in the forecast period mentioned above. 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.
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Market Analysis and Insights
Increasing adoption of the coalescing agent in various end-use industries such as construction and marine is the vital factor escalating the market growth, also rising rapid urbanization in emerging economies, rising strict government guidelines and regulations prohibiting use of conventional additives and solvents that are non-environmental friendly and toxic in nature, rising demand for coalescing agent from paints and coatings and adhesives and sealants, rising end-use industries such as construction and marine across the globe and the increase in demand for high-performance coatings in these end-use industries are the major factors among others driving the coalescing agent market. Moreover, rising demand for environment-friendly coalescing agents and increasing research and development activities in the market will further create new opportunities for the coalescing agent market in the forecast period of 2021- 2028.
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Global Coalescing Agent Market Scope
The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
· Based on type, the coalescing agent market is segmented into hydrophobic coalescing agents and hydrophilic coalescing agents. Hydrophobic coalescing agents have been further segmented into water soluble and partially water soluble.
· The coalescing agent market is also segmented on the basis of animal into paints & coatings, adhesive & sealants, inks and personal care ingredients.
Global Coalescing Agent Market Country Level Analysis
The countries covered in the coalescing agent market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
The country section of the coalescing agent market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Asia-Pacific dominates the coalescing agent market due to rising rapid urbanization in emerging economies, rising adoption of the coalescing agent in various end-use industries such as construction and marine, rising strict government guidelines and regulations prohibiting use of conventional additives and solvents that are non-environmental friendly and toxic in nature, rising demand for coalescing agent from paints and coatings and adhesives and sealants and rising end-use industries such as construction and marine in this region.
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Major TOC of the Global Coalescing Agent Market Report
Competitive Landscape and Global Coalescing Agent Market Share Analysis
Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to coalescing agent market.
The major players covered in the coalescing agent market report are
Akzo Nobel N.V., Cargill Incorporated, Evonik Industries AG, Celanese Corporation, Eastman Chemical Company, Croda International Plc, BASF SE, Arkema, synthomer plc, DowDuPont, Solvay, Elementis plc, Hallstar, PATCHAM(FZC), Stepan Company, Krishna Antioxidants Pvt. Ltd (KAPL), Runtai chemical Limited, Rudolf GmbH, King Industries Inc, xF Technologies Inc., OXEA GmbH, Chemoxy International Ltd, Ascend Performance Materials and SINO-JAPAN CHEMICAL CO.LTD among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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