Global Coalescing Agents Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2025-2034)

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Coalescing Agents Market Trends

In the coalescing agents market, the ink industry is experiencing a shift towards water-based formulations, driven by environmental concerns. These formulations improve ink adhesion and enhance durability in printing applications. Coalescing agents support the dispersion of pigments and dyes, ensuring optimal performance. As sustainability and performance continue to be key priorities, coalescing agents are becoming essential in developing high-quality, durable inks for diverse printing needs.

The coalescing agents market is witnessing growth in the personal care products sector. These agents are increasingly used in formulations for creams, lotions, and hair care products to enhance texture, spreadability, and moisturizing properties. Coalescing agents improve emulsions, ensuring better consistency and performance, which drives demand for more effective and appealing personal care products with superior skin and hair benefits.

The market is shifting towards advanced coalescing agents, low-VOC solutions, especially for high-performance applications. These agents are gaining traction in cost-sensitive markets, offering effective performance while meeting environmental regulations. Studies show that coalescing agents like TMPiB, with lower water solubility, efficiently reduce the glass transition temperature, enhancing film formation in coatings.

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Product Insights

The coalescing agents market is seeing a rise in hydrophilic-based products, capturing a significant revenue share. These agents reduce volatility compared to hydrophobic coalescing agents, improving performance in water-based paints and coatings, especially on porous substrates through diffusion. Hydrophilic coalescents like PB and DPB offer medium to low volatility, improve open time, enhance freeze-thaw stability, control water evaporation, and partially dissolve polymers after water evaporation for better performance.

Hydrophobic coalescing agents are vital in the global market, particularly for waterborne coatings. They promote film formation by aiding the fusion of individual polymer particles, ensuring a cohesive film and smooth continuous coating. These agents assist in merging various components, including pigments, binders, and solvents, to enhance durability. By reducing volatile organic compounds (VOCs), hydrophobic coalescing agents support the development of eco-friendly solutions. As demand grows in environmentally conscious industries, these agents provide a sustainable alternative, improving both the performance and longevity of coatings without compromising on environmental standards.

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Application Insights

The coalescing agents market is experiencing significant growth, particularly in paints and coatings. Water-based paints and coatings are gaining market share due to their environmental benefits. Coalescing agents enhance film formation, improving the durability and performance of coatings. These agents are crucial in developing high-quality paints and coatings, contributing to increased revenue share in the overall market by meeting both sustainability and performance demands.

In the coalescing agents market, latex paint formulations rely on these agents to help polymer particles fuse, ensuring the formation of a continuous and cohesive film. Coalescing agents are chemicals that enable latex paint particles to blend into a continuous film, enhancing the paint’s durability and performance. This improves the quality of the paint film, enhancing the performance of acrylic and vinyl paints by providing better durability and finish in various applications.

Regional Insights

The coalescing agents market in North America is expanding, driven by stringent environmental regulations favouring water-based coatings over solvent-based alternatives. These agents help reduce volatile organic compounds (VOCs) and promote eco-friendly coatings, particularly in the construction and automotive industries. In 2022, the U.S. chemical industry accounted for over 25% of GDP, with USD 486 billion in output, manufacturing 96% of domestic goods and producing 13% of global chemicals. As demand for high-performance coatings grows, coalescing agents improve both durability and aesthetic appeal, fulfilling the increasing need for sustainable and high-quality finishes.

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Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Asia Pacific Coalescing Agents Market Trends

The coalescing agents market in Asia Pacific is experiencing significant growth, capturing a large revenue share of the global market. The region’s demand for industrial coatings and architectural coatings is increasing, driven by rising infrastructure and industrial activities. As highlighted by Coatings World, the paint and coatings market in Asia Pacific is expanding, with key end-use industries like construction and automotive contributing to this growth. The construction industry is a cornerstone of China's national economy, with a total output value surpassing 31 trillion yuan (USD 4.34 trillion) in 2022, and offering employment to over 52 million people. The demand for high-performance coatings continues to drive the need for effective coalescing agents, reinforcing their importance in the region’s coatings market.

The China coalescing agents market significantly influences the Asia Pacific coatings market, capturing a notable geographic share. Japan plays a central role in this growth, with increasing demand for high-performance coatings. Japan's coatings industry, alongside Korea (including South Korea as a distinct entity), is contributing to the rising need for coalescing agents, driving market expansion throughout the region.

Europe Coalescing Agents Market Trends

The coalescing agents market is witnessing significant growth, driven by the increasing demand for cosmetics and personal care products. Cosmetic Europa remains a key player in the global flagship market, where retail sales play a vital role in determining price and value. In 2023, Europe’s cosmetics and personal care industry is valued at €96 billion in retail sales, establishing it as a key global flagship market for these products. The cosmetics and personal care industry continues to thrive, contributing to the European economy and shaping the cosmetic industry future.

Key Coalescing Agents Company Insights

• Cargill, Incorporated
• Arkema Group
• Stepan Company
• Runtai New Material Co., Ltd.
• ADDAPT Chemicals B.V.
• Patcham
• Chemoxy International
• Hallstar
• Krishna Antioxidants Pvt. Ltd.
• Dow
• Deborn
• BASF SE
• Others

Recent Developments

January 2025

DALPAD™ A Plus Coalescing Agent won the BIG Innovation Award in the Transformative Products category. This low-SVOC, low-odor additive improved coating performance, indoor air quality, and worker safety. It reduced the minimum film-forming temperature, provided stability after temperature fluctuations, and enhanced crack resistance and durability.

October 2024

Evonik Oxeno expanded its production capacities for INA-based plasticizers, ELATUR® CH (DINCH) and ELATUR® DINCD, in response to rising demand. The expansion, integrated into existing C4 plants in Marl, aimed to ensure reliable European supply and high delivery quality, while supporting sustainability with biobased and circular raw materials.

November 2023

IMCD India purchased two business lines from CJ Shah & Company, including products like Cellulose Acetate Butyrate, Coalescing Agent, and Polyolefin Polymers. Valued at INR 2,300 million, the acquisition aimed to boost IMCD India’s presence in coatings and construction, addressing India’s rising demand.

October 2023

Henkel began construction of a new €120 million adhesive facility in Yantai, China. The Kunpeng plant will increase production capacity for high-impact adhesives, support growing demand, and focus on sustainability by using renewable energy and reducing CO2 emissions across industries such as electronics and automotive.

Global Coalescing Agents Market Report Segmentation