Paints & Coatings Application to Dominate Global Coalescing Agent Market till 2024
Rapid urbanization in developing countries and increasing manufacturing output to drive global coalescing agent market through 2024
According to TechSci Research report, "Global Coalescing Agent Market By Type, By Application, By Region, Competition, Forecast & Opportunities, 2024", coalescing agent market, globally, is projected to reach $ 1.4 billion by 2024, on the back of factors such as growing demand in applications like high-performance paints & coatings and growth of end-use industries in emerging economies. Moreover, rapid urbanization and growing manufacturing activities are expected to positively influence global coalescing agent market in coming years.
In terms of type, global coalescing agent market has been segmented into hydrophobic and hydrophilic coalescing agents. Of these two categories, hydrophilic segment is expected to account for the largest market share during the forecast period. The hydrophilic coalescing agents include water-soluble or partially water-soluble agents. Water soluble hydrophilic coalescing agents offer controlled water evaporation, medium to low volatility and freeze-thaw stability. Partially water soluble agents are highly effective coalescing agents, owing to their low water solubility. This type of coalescing agent offers supreme conditions to concentrate at the boundary region of the polymeric particle in the dispersed stage due to its balanced hydrophobic/hydrophilic nature.
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In coming years, Asia-Pacific coalescing agent market is expected to witness the highest CAGR during the forecast period. Countries such as India and China are the largest consumers of coalescing agents, owing to rapid urbanization and their increasing manufacturing output. Moreover, India is expected to be the fastest-growing coalescing agent market in the region, backed by the availability of low-cost labor and implementation of various government initiatives expected to result in growth opportunities in industrial and infrastructure construction sectors.
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“Among the various application segments, paints & coatings application is expected to account for the major share of the global coalescing agent market over the course of next five years. Rapid urbanization and growing demand for paints and coatings from industries such as construction and automotive & transportation are anticipated to enable paints & coatings application segment to maintain its leading position in global coalescing agent market.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Coalescing Agent Market By Type, By Application, By Region, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of global coalescing agent market and provides statistics and information on market structure, size, share and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in global coalescing agent market.
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