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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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Date: 30-Jan-2019
No. of pages: 119
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“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

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

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
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
11.1 Eastman Chemical Company
11.2 DowDuPont
11.3 BASFf 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
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

12 Appendix
12.1 Insights From Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: Marketsandmarkets’ 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 Coalescing Agent Market Size in Paints & Coatings, By Region, 2016–2023 (Ton)
Table 11 Coalescing Agent Market Size in Adhesive & Sealants, By Region, 2016–2023 (Ton)
Table 12 Coalescing Agent Market Size in Inks, By Region, 2016–2023 (Ton)
Table 13 Coalescing Agent Market Size in Personal Care Ingredient, By Region, 2016–2023 (Ton)
Table 14 Coalescing Agent Market Size in Other Applications, By Region, 2016–2023 (Ton)
Table 15 Coalescing Agent Market Size, By Region, 2016–2023 (Ton)
Table 16 Coalescing Agent Market Size, By Region, 2016–2023 (USD Million)
Table 17 Coalescing Agent Market Size, By Type, 2016–2023 (Ton)
Table 18 Coalescing Agent Market Size, By Type, 2016–2023 (USD Million)
Table 19 Coalescing Agent Market Size, By Application, 2016–2023 (Ton)
Table 20 Coalescing Agent Market Size, By Application, 2016–2023 (USD Million)
Table 21 APAC: Coalescing Agent Market Size, By Country, 2016–2023 (Ton)
Table 22 APAC: Coalescing Agent Market Size, By Country, 2016–2023 (USD Million)
Table 23 APAC: Coalescing Agent Market, By Type, 2016–2023 (Ton)
Table 24 APAC: Coalescing Agent Market, By Type, 2016–2023 (USD Million)
Table 25 APAC: Coalescing Agent Market, By Application, 2016–2023 (Ton)
Table 26 China: Coalescing Agent Market, By Application, 2016–2023 (Ton)
Table 27 Japan: Coalescing Agent Market, By Application, 2016–2023 (Ton)
Table 28 India: Coalescing Agent Market, By Application, 2016–2023 (Ton)
Table 29 South Korea: Coalescing Agent Market, By Application, 2016–2023 (Ton)
Table 30 Indonesia: Coalescing Agent Market, By Application, 2016–2023 (Ton)
Table 31 Rest of APAC: Coalescing Agent Market, By Application, 2016–2023 (Ton)
Table 32 Europe: Coalescing Agent Market Size, By Country, 2016–2023 (Ton)
Table 33 Europe: Coalescing Agent Market Size, By Country, 2016–2023 (USD Million)
Table 34 Europe: Coalescing Agent Market Size, By Type 2016–2023 (Ton)
Table 35 Europe: Coalescing Agent Market Size, By Type 2016–2023 (USD Million)
Table 36 Europe: Coalescing Agent Market Size, By Application, 2016–2023 (Ton)
Table 37 Germany: Coalescing Agent Market Size, By Application, 2016–2023 (Ton)
Table 38 France: Coalescing Agent Market Size, By Application, 2016–2023 (Ton)
Table 39 UK: Coalescing Agent Market Size, By Application, 2016–2023 (Ton)
Table 40 Italy: Coalescing Agent Market Size, By Application, 2016–2023 (Ton)
Table 41 Spain: Coalescing Agent Market Size, By Application, 2016–2023 (Ton)
Table 42 Russia: Coalescing Agent Market Size, By Application, 2016–2023 (Ton)
Table 43 Turkey: Coalescing Agent Market Size, By Application, 2016–2023 (Ton)
Table 44 Rest of Europe: Coalescing Agent Market Size, By Application, 2016–2023 (Ton)
Table 45 North America: Coalescing Agent Market Size, By Country, 2016–2023 (Ton)
Table 46 North America: Coalescing Agent Market Size, By Country, 2016–2023 (USD Million)
Table 47 North America: Coalescing Agent Market, By Type, 2016–2023 (Ton)
Table 48 North America: Coalescing Agent Market, By Type, 2016–2023 (USD Million)
Table 49 North America: Coalescing Agent Market, By Application, 2016–2023 (Ton)
Table 50 US: Coalescing Agent Market, By Application, 2016–2023 (Ton)
Table 51 Canada: Coalescing Agent Market, By Application, 2016–2023 (Ton)
Table 52 Mexico: Coalescing Agent Market, By Application, 2016–2023 (Ton)
Table 53 Middle East & Africa: Coalescing Agent Market Size, By Country, 2016–2023 (Ton)
Table 54 Middle East & Africa: Coalescing Agent Market Size, By Country, 2016–2023 (USD Million)
Table 55 Middle East & Africa: Coalescing Agent Market Size, By Type, 2016–2023 (Ton)
Table 56 Middle East & Africa: Coalescing Agent Market Size, By Type, 2016–2023 (USD Million)
Table 57 Middle East & Africa: Coalescing Agent Market, By Application, 2016–2023 (Ton)
Table 58 Saudi Arabia: Coalescing Agent Market, By Application, 2016–2023 (Ton)
Table 59 South Africa: Coalescing Agent Market, By Application, 2016–2023 (Ton)
Table 60 Rest of Middle East & Africa: Coalescing Agent Market, By Application, 2016–2023 (Ton)
Table 61 South America: Coalescing Agent Market, By Country, 2016–2023 (Ton)
Table 62 South America: Coalescing Agent Market, By Country, 2016–2023 (USD Million)
Table 63 South America: Coalescing Agent Market, By Type, 2016–2023 (Ton)
Table 64 South America: Coalescing Agent Market, By Type, 2016–2023 (USD Million)
Table 65 South America: Coalescing Agent Market, By Application, 2016–2023 (Ton)
Table 66 Brazil: Coalescing Agent Market, By Application, 2016–2023 (Ton)
Table 67 Argentina: Coalescing Agent Market, By Application, 2016–2023 (Ton)
Table 68 Rest of South America: Coalescing Agent 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 BASFf SE: Company Snapshot
Figure 33 BASFf 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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