Coalescing Agent Market: By Type (Hydrophilic Coalescing Agent and Hydrophobic Coalescing Agent), By Application (Personal Care Ingredient, Paints & Coatings, Inks, Adhesive & Sealants and Others) and Geography  

Coalescing Agent Market size was valued at USD 1,038.2 million in 2022 and is expected to reach USD 1,448.3 million by 2028, at a significant CAGR of 4.9% from 2023-2029.Rapid urbanization in emerging economies, increasing demand from end user industries, growing demand for high-performance coatings and increasing demand for environmentally-friendly coalescent agents are some key factors influencing the market growth. The cost of formulation of non-VOC content coalescing is relatively high, which dents the market growth in the future. Rising raw material prices for the formulation of coalescing agent acts as an adoption barrier. Furthermore, lack of attentiveness regarding the ill effects created by the coalescing agent may further restrain the market growth. Coalescence is an important aspect of the film generation process in dispersion paints since it facilitates and includes fusion. The main purpose of coalescing agents is to improve the film forming mechanism of polymeric binder particles. In addition, coalesce agents lower the formation temperature, which improves the texture, characteristics, and features of the film. This ensures that the end-products of the paints and coatings have a shiny finish. During the evaporation of diluents, coalescing agents are used to reduce polymer particle surface area and repulsive forces between polymer particles.