Coalescing Agent Market Future Trend, Growth Rate, Opportunity and Industry Analysis till 2032
Reports and Data’s latest research study on the Coalescing Agent market gives a thorough analysis of it. In this report, the global Coalescing Agent market is analyzed historically and currently to assess its potential future development. In order to identify opportunistic business opportunities for stakeholders, the study provides detailed information on the key growth factors, restraints, and key trends that are paving the way for future growth in the Coalescing Agent market.
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Market Overview:
The global market size for coalescing agents reached USD 1.26 billion in 2022, and it is projected to attain USD 1.92 billion by 2032, reflecting a revenue compound annual growth rate (CAGR) of 4.8% throughout the forecast period. The surge in demand for adhesives, sealants, paints, and coatings in diverse sectors like construction, automotive, and furniture plays a pivotal role in propelling the market revenue.
Coalescing agents are witnessing increased demand owing to their effectiveness in enhancing the performance of aqueous coatings, adhesives, and sealants, which are progressively replacing traditional solvent-based systems due to stringent environmental regulations.
The construction sector stands out as a key end-user for coalescing agents, driven by the escalating need for eco-friendly and sustainable construction practices. The demand for both aqueous coatings and coalescing agents is expected to rise in the coming years, fueled by rapid urbanization and industrialization, particularly in emerging economies.
The automotive industry represents another significant end-use sector for coalescing agents. These agents are utilized in the production of coatings, adhesives, and sealants for automobiles, contributing to superior performance characteristics such as corrosion resistance, durability, and weather resistance. The automotive sector is poised to drive increased demand for coalescing agents, particularly with the growing preference for lightweight and fuel-efficient vehicles.
The furniture industry is also a crucial market for coalescing agents, employed in the manufacturing of wood coatings, adhesives, and sealants that exhibit high-performance features such as durability, chemical resistance, and scratch resistance. The rising preference for environmentally friendly and sustainable furniture is boosting the demand for both aqueous coatings and coalescing agents.
Furthermore, the adoption of Green Building techniques and the increasing popularity of eco-friendly products are anticipated to drive the demand for coalescing agents in the coming years. The need for coalescing agents with low Volatile Organic Compound (VOC) concentration is on the rise due to stringent government regulations aimed at reducing air pollution.
Strategic Developments:
- In 2021, Arkema Group expanded its Rilsan Polyamide 11 powder production capacity by 50% to meet the growing demand for high-performance coatings in the automotive, aerospace, and oil and gas industries.
- In 2020, Solvay SA introduced Rhodoline WA-310P, a new coalescing agent designed to enhance the performance of waterborne coatings by reducing drying time and improving film formation properties.
- In 2019, BASF SE launched Joncryl ADR-7500, a coalescing agent aimed at improving the film formation properties of waterborne coatings and reducing volatile organic compound (VOC) emissions.
- In 2018, Dow Chemical Company unveiled Ecosoya, a new coalescing agent designed to enhance the performance of waterborne coatings by improving film formation properties and reducing drying time.
- In 2017, Eastman Chemical Company introduced Eastman Tetrashield protective resin system, a coalescing agent designed to enhance the durability and scratch resistance of coatings used in the automotive, industrial, and consumer goods industries.
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Moreover, the report provides insight into how the Coalescing Agent market will develop between 2023 and 2032. Companies operating in the Coalescing Agent market can benefit from the in-depth dynamics presented in the report, thereby making strategic development decisions that will help them succeed. During the forecast period, the Coalescing Agent market is expected to undergo significant changes that will highly configure its growth.
Furthermore, the report highlights the growth prospects of the Coalescing Agent market and estimates market progress in terms of value (USD million) and volume (thousand units).
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Key Questions Answered in This report on the Coalescing Agent Market
The report provides detailed information about the Coalescing Agent market on the basis of comprehensive research on various factors that play a key role in accelerating the growth potential of the market. The information mentioned in the report answers path-breaking questions for companies that are currently functioning in the market and are looking for innovative ways to create a unique benchmark in the Coalescing Agent market, so as to help them formulate successful strategies and take target-driven decisions.
- How are key market players successfully earning revenue from the advantages of the product?
- What will be the Y-o-Y growth of the Coalescing Agent market between 2023 and 2032?
- What are the winning imperatives of market frontrunners in the Coalescing Agent market?
- Which end-user is expected to undertake maximum adoption of the product during the forecast period?
Research Methodology: Coalescing Agent Market
The research methodology adopted by analysts to compile the Coalescing Agent market report is based on detailed primary as well as secondary research. With the help of in-depth insights of industry-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts of the Coalescing Agent market.
During the primary research phase, analysts interviewed industry stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. On the basis of data obtained through interviews with genuine resources, analysts have emphasized the changing scenario of the Coalescing Agent market.
For secondary research, analysts scrutinized numerous annual report publications, white papers, import and export data of major countries around the world, industrial production index, industry association publications, and company websites to obtain the necessary understanding of the Coalescing Agent market.
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