Dublin, Feb. 05, 2019 (GLOBE NEWSWIRE) -- The "Coalescing Agent Market by Type (Hydrophilic, Hydrophobic), Application (Paints & Coatings, Adhesive & Sealants, Inks, Personal Care Ingredients), and Region (APAC, North America, Europe, Middle East & Africa, South America)- Global forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The global coalescing agent market size is projected to reach USD 1,315.8 million by 2023, at a CAGR of 4.9% between 2018 and 2023.
In 2017, APAC accounted for the largest share of 46.0%, in terms of value, of the coalescing agent market. The large market size of the region is attributed to the high demand from automotive & transportation and industrial sectors in China, Japan, and India, among others. Increasing demand from emerging economies, increasing demand for environmentally-friendly coalescent agents, and growing demand for high-performance coatings are creating growth opportunities for the market players. However, stringent environmental regulations and the high cost of coalescing agents act as a restraint to the growth of the coalescing agent market.
The coalescing agents market is segmented on the basis of the type as hydrophilic and hydrophobic. The hydrophilic segment led the overall coalescing agents market, accounting for a share of 91.9% of the overall market, in terms of value, in 2017. The demand for the hydrophilic coalescing agent is driven by the large usage in applications such as paints & coatings and adhesive & sealants in construction, oil & gas, industrial, and automotive & transportation industries. Increasing demand for low water soluble and green coalescent also drive the hydrophilic coalescing agent market.
The coalescing agent market is segmented on the basis of application as paints & coatings, inks, personal care ingredients, adhesive & sealants, and others. The growth in the paints & coatings sector plays a key role in driving the demand of coalescing agent. The increased consumption of coalescing agent in paints & coatings application is due to its ability to assist in the formation of a smooth and uniform film with improved physical properties such as abrasion resistance, scrub resistance, and appearance. Coalescing agents are used in applications such as interior & exterior paints, wood coatings, coil coatings, automotive refinish, automotive paints, protective coatings, industrial coatings, woodworking, and others.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Coalescing Agent Market
4.2 Coalescing Agent Market, By Region
4.3 Coalescing Agent Market, By Application
4.4 Coalescing Agent Market, By Country
4.5 Coalescing Agent Market, By Type
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Demand From Growing End-Use Industries
5.2.1.2 Rapid Urbanization in Emerging Economies
5.2.2 Restraints
5.2.2.1 High Production Cost of Coalescing Agent
5.2.3 Opportunities
5.2.3.1 Rising Demand for Environment-Friendly Coalescing Agents
5.2.4 Challenges
5.2.4.1 Compliance With Stringent Regulations and Standards
6 Industry Trends
6.1 Porter's Five Forces Analysis
6.2 Macroeconomic Overview and Key Trends
6.2.1 Trends and Forecast of GDP
7 Coalescing Agent Market, By Type
7.1 Introduction
7.2 Hydrophilic Coalescing Agent
7.3 Hydrophobic Coalescing Agent
8 Coalescing Agent Market, By Application
8.1 Introduction
8.2 Paints & Coatings
8.3 Adhesive & Sealants
8.4 Inks
8.5 Personal Care Ingredient
8.6 Others
9 Coalescing Agent Market, By Region
10 Competitive Landscape
10.1 Introduction
10.2 Competitive Situation and Trends
10.2.1 Expansions
10.2.2 Acquisitions
11 Company Profiles
11.1 Eastman Chemical Company
11.2 DowDuPont
11.3 BASF SE
11.4 Evonik Industries AG
11.5 Elementis Plc
11.6 Synthomer Plc
11.7 Celanese Corporation
11.8 Croda International Plc
11.9 Cargill, Incorporated
11.10 Arkema Group
11.11 Additional Company Profiles
11.11.1 Stepan Company
11.11.2 Oxea GmbH
11.11.3 Runtai Chemical Co., Ltd.
11.11.4 Addapt Chemicals B.V.
11.11.5 Patcham FZC
11.11.6 Chemoxy International Ltd.
11.11.7 XF Technologies Inc.
11.11.8 Hallstar
11.11.9 Krishna Antioxidants Pvt. Ltd.
11.11.10 Ascend Performance Materials
11.11.11 King Industries, Inc.
11.11.12 Cytec (Solvay)
11.11.13 Sino-Japan Chemical Co., Ltd.
11.11.14 Rudolf GmbH
11.11.15 Oxiteno
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