Global Coalescing Agent Market was Valued at US$ XX Mn in 2018, Growing Demand from End User Industries
“The Global Coalescing Agent Market was valued around US$ XX Mn by 2018 and growing at a significant CAGR over next seven years 2019-2025 due to growing demand from end user industries”
The global Coalescing Agent market accounted for US$ XX Mn in 2018 and burgeoning over the forthcoming years. Rapid urbanization in emerging economies, increasing demand from end user industries, growing demand for high-performance coatings and increasing demand for environmentally-friendly coalescent agents are some key factors influencing the market growth. However, factors such as high production cost, stringent regulations and standards are hindering the market growth.
Global Coalescing Agent market segmented on the basis of type, application and region.
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Hydrophilic Coalescing Agent Dominate the Global Coalescing Agent Market
Based on the Type, global Coalescing Agent market segmented into hydrophilic coalescing agent and hydrophobic coalescing agent. The hydrophilic segment of the market is projected to witness the higher CAGR 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.
Asia Pacific Leads the Global Coalescing Agent market
PBI’s global Coalescing Agent market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis. Asia Pacific accounted for larger revenue share in global Coalescing Agent market with considerable CAGR owing to the rapid growth of new product development and capacity expansion. Likewise, intensification in end-use industries is also projected to have progressive impact on the Asia Pacific coalescing agents market.
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Launch of newer products, frequent product approvals, and strategic alliances are the key strategies adopted by market players
Global Coalescing Agent market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent product approvals, and long term alliance to improve market revenue share and gaining significant geographic presence across the region. For Instance, In June 2018, The Dow Chemical Company (US) announced a series of phased expansion of its global glycol capacity through a series of seven debottlenecking and incremental expansion projects. The company will increase the production capacity of select p-series and performance glycol ethers, including the DOWANOL Glycol Ethers product line.
Key player’s profiles in the report are Evonik Industries AG (Germany), Elementis Plc (UK), Eastman Chemical Company (US), DowDuPont (US), Croda International Plc (UK), Celanese Corporation (US), BASF SE (Germany) and Arkema Group (France).
Precision Business Insights (PBI) in its report titled “Global Coalescing Agent Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period. Moreover, the report also includes the total revenue and volume for the market.
o Hydrophilic Coalescing Agent
o Hydrophobic Coalescing Agent
o Personal Care Ingredient
o Paints & Coatings
o Adhesive & Sealants
o North America
• Rest of Europe
• Australia & New Zealand
• ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
• South Korea
• Rest of Asia-Pacific
o Latin America
• Rest of Latin America
o Middle East and Africa (MEA)
• Gulf Cooperation Council (GCC) Countries
• South Africa
• Rest of MEA
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