Global Coalescing Agent Market Size By Type (Hydrophilic Coalescing Agent, Hydrophobic Coalescing Agent), By Application (Paints & Coatings, Adhesive & Sealants), By Geographic Scope And Forecast

Coalescing Agent Market Size And Forecast

Coalescing Agent Market size was valued at USD 1.27 Billion in 2024 and is projected to reach USD 2.07 Billion by 2031, growing at a CAGR of 6.36% from 2024 to 2031.

Major factors driving the market growth include lowering the minimum film formation temperature, resulting in optimized film adhesion and improved film properties such as scratch resistance, abrasion resistance, mechanical properties and appearance, which will enhance film properties. The Global Coalescing Agent Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Coalescing Agent Market Definition

Coalescence is an essential part of the film formation process of emulsion paints, enabling and accompanying coalescence. Film formers are mainly used to optimize the film formation mechanism of polymer binder particles. Additionally, Coalescing Agents generally lower the formation temperature, optimising film texture and properties. It allows colours and coatings to give the final product a glossy finish. Flocculants are also used to reduce the surface area of polymer particles while diluting the evaporation process, reducing the repulsive forces between polymer particles.

Coalescing Agents can be added throughout the letdown stage of the coating formulation and are commonly used in aqueous coatings. Proper film formation is critical for corrosion resistance, low porosity, and many other properties required for high-quality coatings. Historically, water-based coatings have used various solvents as coalescing aids to disperse the hydrophobic latex molecules properly. Depleting these supports is possible, but the final film formation often results in softening. More difficult latexes have been formulated to achieve the required performance. Film formers improve mechanical properties, corrosion resistance, film impermeability, film appearance, and resistance to harmful chemicals. These properties aid in coating selection for many applications and end-use industries.

Global Coalescing Agent Market Overview

The primary factor driving the market growth is the rising end-use industries such as construction and marine. Increasing demand for high-performance coatings in these end-use industries is the key factor driving the global film former market growth. It has become. Potential players increasingly focus on demanding properties such as increased potency without increasing price, zero VOC content in film formers, and improved wear and heat resistance, which is another important driver of the growth of the global film-forming agent market. Moreover, increasing urbanization worldwide will likely lead to increased demand for paints and coatings, expected to drive market growth.

In addition, stringent government regulations that prevent the use of conventional additives and solvents that are environmentally friendly and toxic are another factor expected to drive the growth of the global market during the forecast period. It is a temporary plasticizer for polymers and lowers the minimum film-forming temperature (MFFT). Also, increasing demand for film formers for paints, coatings, adhesives and sealants is expected to drive the growth of the target market during the forecast period.

However, the huge production cost of Coalescing Agents is a significant factor expected to hinder the growth of this market in the coming years. In addition, stringent regulations enforced by authorities and specific standards depending on the region may also limit the growth of the global Coalescing Agent Market growth.

Global Coalescing Agent Market Segmentation Analysis

The Global Coalescing Agent Market is segmented on the basis of Type, Application, and Geography.

Coalescing Agent Market, By Type

• Hydrophilic Coalescing Agent
• Hydrophobic Coalescing Agent

Based on Type, the market is bifurcated into Hydrophilic Coalescing Agent and Hydrophobic Coalescing Agent. The Hydrophilic Coalescing Agent segment holds a large number share of the market share because of the increasing demand for environmentally friendly film formers is also supporting the growth of the hydrophilic segment. Hydrophilic Coalescing Agents are divided into water-soluble agents and poorly water-soluble agents. Low-water-soluble hydrophilicity is one of the most commonly used film-forming agents due to its high efficiency, low water solubility, and low risk of permeation into porous substrates.

Coalescing Agent Market, By Application

• Paints & Coatings
• Adhesive & Sealants
• Inks
• Personal Care Ingredient
• Others

Based on Application, the market is bifurcated into Paints & Coatings, Adhesives & Sealants, Inks, Personal Care Ingredient, and Others. The Paints & Coatings segment holds a large number share of the market share because of high demand in various end-use industries such as construction, automotive, furniture and wood processing. The growing demand for high-performance coatings for applications such as coil, marine, automotive and OEM refinishing is increasing the demand for coalescents in this sector.

Coalescing Agent Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world
• On the basis of Geography, The Global Coalescing Agent Market is classified into North America, Europe, Asia Pacific, Rest of the World. The Asia-Pacific region holds a large number of shares in the market because of the largest consumer of flocculants in the world. It is anticipated to witness the highest growth in this market during the forecast period. Strong economic growth and increased manufacturing output have increased the demand for Coalescing Agents in the region.

Key Players

The "Global Coalescing Agent Market" study report will provide valuable insight with an emphasis on the global market. The major players in the market are Eastman Chemical Company, DowDuPont, BASF SE, Evonik Industries AG, Elementis Plc, Synthomer Plc, Celanese Corporation, Croda International Plc, Cargill Incorporated, and Arkema Group.

Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

• Ace Matrix Analysis
• The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.
• Market Attractiveness
• The image of market attractiveness provided would further help to get information about the region that is majorly leading in the global Coalescing Agent Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.
• Porter's Five Forces
• The image provided would further help to get information about Porter's five forces framework providing a blueprint for understanding the behavior of competitors and a player's strategic positioning in the respective industry. The porter's five forces model can be used to assess the competitive landscape in global Coalescing Agent Market, gauge the attractiveness of a certain sector, and assess investment possibilities.