Coalescing agents are film formation aids, which is used in coatings. For example, coalescing agents are used in latex coatings where it provides the proper flow to the latex resin, thus resulting in smooth film formation. The coalescing agent often applied as a temporary plasticizer for a film-forming polymer. Coalescing agent softens the polymer during the crucial period of fusion so that the individual particles combine to form a continuous film. Reduction of polymer particle surface area, increase in capillary forces by controlled evaporation of water, reduction repulsive forces between polymer particles, are the primary functions of coalescing agents. Types of coalescing agents include hydrophobic coalescing agents, hydrophilic coalescing agents: water-soluble, partially water-soluble coalescing agents. Coalescing agents are utilized in different applications such as paints & coatings, adhesive & sealants, inks, and others.
However, high production cost of coalescing agent and compliance with stringent regulations and standards might restrict the growth in this market.
Covid-19 Impact Analysis
- The coronavirus's unfavorable global effects are already evident, and they will have a big impact on the coalescing agents in 2020.
- The World Health Organization has declared a public health emergency after the COVID-19 virus outbreak in December 2019. The disease has spread to over 100 nations and resulted in massive deaths across the world. Exports & Imports, global manufacturing, tourism, and financial sectors have all been heavily damaged.
- The downward pressure on the global economy, which had previously shown signs of improvement, has escalated once more. The outbreak of the virus has added danger factors to the international economy's already sluggish development. Many international groups have stated that the global economy is experiencing its most difficult moment since the financial crisis.
- Since the pandemic, the restriction of imports and exports has affected the coalescing agents market to a great extent as the consumers’ consumption and demand patterns are changing amidst pandemic.
Top Impacting Factors
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.
Market trends
- The hydrophilic segment is expected to witness higher growth in the upcoming years and hence market is expected to expand.
- The hydrophilic segment of the market is projected to witness the higher growth rate during the forecast period. Hydrophilic coalescing agents are categorized into water soluble and low water soluble. Low water-soluble hydrophilic is one of the most commonly used coalescing agent owing to their high efficiency, low water solubility, and reduced risk of penetrating in the porous substrate. Furthermore, increasing demand for environment-friendly coalescing agent also supports the growth of the hydrophilic segment.
- Low Manufacturing Cost and Changing Lifestyle to Surge Demand in Asia-Pacific Coalescing Agent Market
- Region wise, 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.
- Assistance in competitive advantage will be a key driver of the market.
- One of the key trends observed in the global coalescing market is that the major manufacturers are focusing on increasing the efficacy & demanding properties such as better abrasion & heat resistance, zero-VOC content in their coalescing agent without increase in price in order to gain competitive advantage and hence market is expected to grow.
Key Benefits of the Report
- This study presents the analytical depiction of the coalescing agents industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the coalescing agents market share.
- The current market is quantitatively analysed to highlight the coalescing agents market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed coalescing agents market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions answered in the Coalescing Agents Market Report
- Who are the leading market players active in the Coalescing Agents market?
- What current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
Coalescing Agents Market, by Type Report Highlights
| Aspects | Details |
 By Type |
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 By Application |
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 By Region |
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 Key Market Players | BASF SE, Elementis Plc, Croda International Plc, Cargill, Celanese Corporation, Eastman Chemical Company, Evonik Industries AG, Stepan Company, Synthomer Plc, Arkema Group |
 Other Key Market Players | Synthomer Plc |
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