Coalescing Agents Market Size | Global Industry Analysis, Share, Growth Trends, and Forecasts 2020 - 2027
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 Size 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.
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Regional Analysis
The global coalescing agents market size 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.
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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