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.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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