Global Coalescing Agent Market: Overview
Strict regulations imposed by government that prohibits the use of conventional solvents and additives that are toxic have led the demand for coalescing agent. Coalescing agent used as an additive to reduce the minimum film formation temperature this results in optimize film coherence and improve properties such as abrasion resistance, scrub resistance, appearance, and mechanical properties.
Moreover, rising demand for environment-friendly coalescing agent that supported the growth of hydrophilic will also help the market to attract huge attention. Growing application of coalescing agent in, inks, paints & coatings personal care ingredient, adhesive & sealants, and others is also driving demand in this market.
Various other parameters including segmentation, regional growth, strategies adopted by companies also contributes in the growth of the global coalescing agent market. Ongoing trends and recent developments are also contributing in expanding demand for coalescing agent.
Global Coalescing Agent Market: Notable Developments
Currently, players operating in the global coalescing agent market are engaged in different organic and inorganic activities to strengthen their position. This will increase market competition in the forthcoming years. Some of the recent trends seen in the global coalescing agent market include:
- Lately, Synthomer Plc acquired Perstorp Oxo Belgium AB, a company developing performance additives for the industrial and coatings industry. After the acquisition, the company will focus on growing Perstorp Belgium’s market position. It is focusing on leveraging its existing technical services infrastructure, sales, and operational performance.
- The Dow Chemical Company has recently announced expansion strategy through a series of phased expansion of its global glycol capacity and incremental expansion projects. The company aims to expand its production ability of select performance glycol ethers that includes the DOWANOL Glycol Ethers product line and p-series.
- Evonik Industries AG entered into an agreement to acquire 3M (a high-concentrates additive compounding business). With this expansion, the specialty additives for the plastic industry that are produced by the company are likely to increase, including solid additives.
Few other players operating in the global coalescing agent market include BASF SE, Elementis Plc, Synthomer Plc, Eastman Chemical Company, Croda International Plc, DowDuPont, and Evonik Industries AG
Global Coalescing Agent Market: Trends and Opportunities
Increasing focus of manufacturers on developing efficacy & demanding properties such as zero-VOC content in their coalescing agent and better abrasion & heat resistance without increasing prices is one of the major factor driving demand in this market. Growing stringent regulations and rising focus on eco-friendly products has further augmented demand in the global coalescing agent market.
On the other hand, high production cost of coalescing agent and compliance with stringent regulations and standards might restrict the growth in this market. However, increasing demand from growing end-use industries and rapid urbanization might help in overcoming these restraint in the near future.
Low Manufacturing Cost and Changing Lifestyle to Surge Demand in Asia Pacific Coalescing Agent Market
Regionally, Asia Pacific is expected to hold maximum share in the global coalescing agent market. People migrating from rural areas to urban areas and growing building and construction sector has led the demand in the global coalescing agent market. Urbanization is also considered a factor for the growth of coalescing agent. Moreover, low manufacturing cost, changing lifestyle, and large population base are the major driving factors driving demand in this market.
Other regions including the Middle East and Africa have also shown high demand for coalescing agent. Economic development and growing construction of residential and non-residential building has led the demand in these two regions.
Market segmentation based on geography:
- North America
- South America
- Asia Pacific
- Middle East and Africa
This report gives access to decisive data, such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report include:
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments