Want A Thriving Business? Focus On Coalescing Agents Market by 2019!
Posted: Oct 10, 2019
The global coalescing agents market is expected to witness a CAGR of about 5% during the forecast period. Certain factors that are driving the market include augmenting demand for waterborne coatings, increasing demand for architectural coatings, and rising demand from emerging economies.
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Waterborne paints and coatings becoming eco-friendly due to the technological advances in recent years. They are available as water-soluble paints, water-dispersible paints, emulsions or latex paints, and water-based alkyds. The coalescing agents are used to produce low VOC water-based coatings and adhesives. The benefits of using waterborne coatings such as they are less toxic, offer good resistance from heat and abrasion, offer good adhesion, do not require additional additives, and known to have a long pot life. These technological advances and benefits are augmenting the demand for waterborne coatings, which is expected to drive the growth of the coalescing agents market during the forecast period.
Coalescing agents provide good block and water resistance properties to adhesives and sealants. The growing demand for adhesive and sealants is due to the growing use of medical seal wounds, patches, medical tapes, dressing skins, and other fabrications. In medical applications, adhesives often outperform traditional fasteners due to their better resistance to the sterilization process. Rising investments by countries such as China, the US, Germany, and India in healthcare are expected to augment the demand for medical adhesives. Hence, the growing demand for adhesives in medical applications is expected to drive the growth of the coalescing agents market.
Global Coalescing Agents Industry Overview
Developing nations such as China and India have emerged as manufacturing hubs in APAC. Many vendors are shifting their operations to such countries due to the availability of raw materials, low-cost labor and transportation, and relaxed government regulations. The Chinese government has significant investment plans in the development of urban infrastructure over the next decade. The Indian government is also planning to invest heavily in urban infrastructure projects over the next 20 years. This will have a positive impact on the growth of construction, automotive, and personal care industries.
Additionally, changing lifestyles and increase in disposable incomes of consumers are driving the growth of construction and bedding and furniture industries. The growth in disposable income of consumers is also expected to increase remodeling activities of homes by consumers to adhere to energy-efficient building norms. This will increase the demand for coalescing agents from emerging economies, which will be one of the key factors driving the growth of the global coalescing agents market size.
The growing adoption of DIY is one of the major coalescing agents market trends influencing market growth. The increasing labor costs and the availability of premium paints that are easy to use have increased DIY activities. Countries such as the US, Canada, and Germany are witnessing a strong demand for paints and coatings from DIY consumers. There is also an increase in home improvement projects because of the high cost of residences. As a result of these factors, the global coalescing agents market size is expected to grow at a CAGR of nearly 5% during the forecast period.
Top Coalescing Agents Companies Covered in this Market Research Report
The global coalescing agents market is fairly fragmented. This research report provides a detailed analysis of the market’s competitive landscape and provides information on the products offered by various companies. Key insights provided by this coalescing agents market report will help companies create effective strategies to improve their revenue share.
The report offers a detailed analysis of several leading companies, including:
- BASF SE
- Cargill Inc.
- DowDuPont Inc.
- Eastman Chemical Co.
- Evonik Industries AG
Browse Full Report – http://bit.ly/338fs1X
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