Coalescing Agents Market Size, Share, Top 5 Key Players, Competitive Landscape, Business Strategies, and Product Analysis till 2023
Coalescing Agents Market 2019 Industry Research Report is a professional and in-depth study on the current state of the Global Coalescing Agents industry. This report studies the Wood Coatings market size (value and volume) by Players.
Pune, India – October 9, 2019 /MarketersMedia/ —
Coalescing Agents Market Size To Expand at a Notable CAGR Of 5.1% During 2018 – 2023
Coalescing Agents Market Overview
Coalescing agents act as a temporary plasticizer for the polymer particle. They play an important role in optimizing the film formation to ensure a smooth and uniform surface finish. The growing adoption of industrial adhesives & sealants in the automotive industry owing to reduce the overall weight of the vehicles and curb CO2 emissions is expected to drive the growth of the global coalescing agents market during the forecast period. In addition, adhesives are also applied to the roofs to reduce the weather effects, which is likely to boost the demand for the product. The use of roofing adhesives is increasing due to the increase in construction activities across the globe, which is expected to propel the growth of the global market during the review period.
Coalescing Agents Competitive Analysis
Leading players of the global coalescing agents market are Rudolf GmbH (Indonesia), Eastman Chemical Company (US), Elementis plc (UK), synthomer plc (UK), DowDuPont (US), BASF SE (Germany), Croda International Plc (UK), Evonik Industries AG (Germany), Arkema (France), Celanese Corporation (US), Cargill, Incorporated (US), Stepan Company (US), OXEA GmbH (Germany), Runtai Chemical Co., Ltd. (China) and Chemoxy International Ltd (UK)
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Market Potential and Pitfalls
The soaring demand for high-performance coatings and expansion of end use industries across the world are the top two factors stimulating the coalescing agents market growth. Strict government mandates prohibiting the use of conventional additives and solvents, which are toxic is further encouraging the market growth across the globe. With people getting extremely conscious regarding the environment, manufacturers are focusing on the development of friendly coalescing agents. This is further estimated to propel the market in the coming years. To offer enhanced properties to the coating formulation, manufacturers in the value chain have increased the consumption of coalescing agents, which is likely to contribute to the market growth.
Manufacturers are highly emphasizing on increasing the demanding properties like heat resistance, better abrasion, zero-VOC content, and efficacy in coalescing agent without increasing its price, to gain competitive advantage. This is considered one of the key emerging trends in the market.
On the contrary, the high cost of formulation of non-VOC content coalescing is considered to restrict the market growth. The dearth of attentiveness related to the ill effects of coalescing agent, coupled with the surging prices of raw materials are estimated to vitiate the coalescing agents market growth in the foreseeable future.
Coalescing Agents Market Segments
The coalescing agents market has been segmented on the basis of application and type.
By type, the coalescing agents market is segmented into hydrophobic and hydrophilic. Of these, the hydrophilic segment is anticipated to exhibit a significant CAGR in the foreseeable future, mainly due to its attributes like the low risk of penetrating in porous substrates and low water solubility. The soaring demand for environment-friendly coalescing agent supports the growth of the coalescing agents market in the hydrophilic segment.
By application, the coalescing agents market is segmented into adhesive & sealants, paint & coatings, ink, and others. Of these, the paints & coatings segment is anticipated to garner substantial growth due to its surging application in the automotive and construction industries. Moreover, rising demand for high-performance coatings for marine, coil, and OEM refinish is likely to encourage the market growth.
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Regional Frontiers
Geographically, the coalescing agents market spans across Asia Pacific, North America, Latin America, and the Middle East & Africa.
Considering the global scenario, the Asia Pacific is likely to expand at a significant CAGR during the assessment period. The growth can be credited to the economic development in the region, which is estimated to increase the application of these agents in end-user industries like construction, automotive, aerospace, and construction. Countries like Australia, South Korea, China, India, Thailand, and Indonesia are experiencing phenomenal growth, which is likely to augment the application of coalescing agents in industrial coatings. Industrial coatings are extensively used for corrosion control in steel and concrete, machinery, and equipment, which is further estimated to stimulate the market growth across the globe. Moreover, changing the lifestyle of the population, low manufacturing cost, and the presence of a large population base are some of the major factors likely to augment the regional market’s growth.
Meanwhile, North America is likely to gain significant prominence in the foreseeable future due to the soaring consumption of paints and coatings and booming aerospace and automotive industries.
TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Forecast Model
4 Market Landscape
4.1 Supply Chain Analysis
4.1.1 Raw Material Suppliers
4.1.2 Manufacturers/Producers
4.1.3 Distributors/Retailers/Wholesalers/E-Commerce Merchants
4.1.4 Application
4.2 Porter’s Five Forces Analysis
4.2.1 Threat Of New Entrants
4.2.2 Bargaining Power Of Buyers
4.2.3 Bargaining Power Of Suppliers
4.2.4 Threat Of Substitutes
4.2.5 Intensity Of Competitive Rivalry
5 Industry Overview Of Global Coalescing Agents Market
5.1 Introduction
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