The new report by Expert Market Research titled, ‘Global Coalescing Agent Market Size, Share, Price, Trends, Growth, Report and Forecast 2021-2026’, gives an in-depth analysis of the global coalescing agent market, assessing the market based on its segments like applications, manufacturing process and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.
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The key highlights of the report include:
Market Overview (2016-2026)
• Forecast Historical Market Size (2020): USD 1.3 billion
• Forecast CAGR (2021-2026): 4.5%
• Forecast Market Size (2026): USD 1.5 billion
The global market for foot coalescing agent is being propelled forward by the its versatile uses and expanding end-use industries. The rising adoption of the coalescing agent in various end-use industries such as construction and marine is a key factor driving market growth, as is rising rapid urbanization in emerging economies, strict government guidelines and regulations prohibiting the use of non-environmental friendly and toxic additives and solvents, rising demand for coalescing agent from paints and coatings and adhesives and sealants, and rising end-user demand. Furthermore, in the forecast period, rising demand for environmentally friendly coalescing agents and increased research and development efforts in the industry would provide new opportunities for the coalescing agent market.
Industry Definition and Major Segments
Solvents that aid in the development of polymer emulsion films are known as coalescing agents. Coalescing agents are added to reduce the minimum film-forming temperature, resulting in better film coherence and qualities like scrub resistance, abrasion resistance, mechanical properties, and appearance. Coagulating substances are frequently solvents used in the production of polymer emulsion films. Coalescing agents are added to lower the minimum film-forming temperature, resulting in improved film coherence and improved scrub resistance, abrasion resistance, mechanical properties, and appearance.
Read Full Report with Table of Contents – https://www.expertmarketresearch.com/reports/coalescing-agents-market
By type, the market is divided into:
• Hydrophilic Coalescing Agent
• Hydrophobic Coalescing Agent
• Others
By application, the market is divided into:
• Paints and Coatings
• Adhesive and Sealants
• Inks
• Personal Care Ingredient
• Others
By region, the industry is categorized into:
• North America
• Europe
• The Asia Pacific
• Latin America
• The Middle East and Africa
Market Trends
The hydrophilic market category is predicted to increase at a faster rate over the forecast period. During the forecast period, the paints and coatings application category is likely to outperform the overall market for coalescing agents. The significant market size in this category may be attributed to strong demand in a variety of end-use industries, including construction, automotive, furniture, and others. Coalescing agents are in great demand for applications such as coil, marine, automotive, original equipment manufacturer, and refinishing for high-performance coatings. Furthermore, because of the increasing popularity of e-commerce platforms, many coalescing agents are now being purchased online. The greater selection and shipping options supplied by these portals benefit customers and are expected to further aid the market's growth.
The APAC area is the world's largest user of coalescing agents. APAC's manufacturing hubs have arisen in developing countries like China and India. Due to the availability of raw materials, low-cost labor and transportation, and loose government regulations, many vendors are relocating their operations to these countries. In addition, changing lifestyles and rising disposable incomes are propelling the building, bedding, and furniture industries forward. Consumers' discretionary income is predicted to rise, prompting them to modify their homes in order to meet energy-efficiency building standards. This will boost demand for coalescing agents in emerging economies, which will be one of the main drivers of the worldwide coalescing agents market's expansion. One of the primary industry trends impacting market growth is the increasing acceptance of DIY. Increased DIY activities have been fueled by rising labor costs and the availability of high-quality, easy-to-use paints. Paint and coatings are in high demand from DIY customers in countries like the United States, Canada, and Germany. Because of the high expense of living, there is also a rise in home remodelling projects. The global coalescing agents market is predicted to increase as a consequence of these factors throughout the forecast period.
Key Market Players
The major players in the market are Evonik Industries AG., Elementis Plc, Synthomer Plc, Celanese Corporation, Cargill, Incorporated, Croda International Plc, among Others. The report covers the market shares, capacities, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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