New York, Oct. 03, 2019 (GLOBE NEWSWIRE) -- According to the current analysis of Reports and Data, the global Coalescing Agent market was valued at USD 1.00 Billion in 2018 and is expected to reach USD 1.47 Billion by the year 2026, at a CAGR of 4.9 %. The study covers coalescing agents - Coalescing agents are solvents, which are used in the film formulations of polymer bonds, basically optimizing film formation process in polymer bonding. Coalescing agent improves mechanical properties like scrub resistance, abrasion resistance, and others. Coalescing agents gives a smooth finish to end-products when used in paints and coatings.
Increasing focus of manufacturers on building efficacy and demanding properties such as zero-VOC content in their coalescing agent with better abrasion and heat resistance without elevating prices is one of the major factor driving demand in this market. Growing stringent regulations and rising focus on eco-friendly products has further augmented the demand in the global coalescing agent market. Non-lenient government standards and regulations related to VOC content in the coalescing agent has led to improved focus on developing coalescing agents with zero VOC content by manufacturers.
Growing urbanization and growth of industrial sector in emerging nations leading to elevated demand for coalescing agent from paints and coating industries, increasing demand for high performing and Environment-Friendly Coalescing Agents, there unique mechanical properties, like corrosion resistance, abrasion resistance, film impermeability, and resistance against toxic chemicals key factors propelling market growth in the industry. However, associated high production costs and non-lenient government standards and regulation, are the major restraining factors hindering the coalescing agent market growth during 2019-2026.
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Further key findings from the report suggest
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Segments covered in the report:
For the purpose of this report, Reports and Data has segmented the Coalescing Agent market on the basis of type, Application type, end use, and region:
Type (Revenue, USD Million; 2016–2026)
Application Type (Revenue, USD Million; 2016–2026)
End Use (Revenue, USD Million; 2016–2026)
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Regional Outlook (Revenue in USD Million; 2016–2026)
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