Middle East & Africa 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 Country

Middle East and Africa Coalescing Agent Market size was valued at USD x million in 2023 and is poised to grow at a CAGR of x% during the forecast period 2024-2030. The key factor driving the development of the Middle East & Africa coalescing agents market are the expansion of end-use industries across the globe and the increase in demand for high performance coatings in these end-use industries. Coalescing agent enables better mechanical properties, corrosion resistance, film impermeability, film appearance and resistance against harmful chemicals, these properties help the adoption of coatings in numerous number of applications and end-user industries. Coalescing agent can be added during the letdown stage of coating formulation and generally used in water-borne coatings. In high-end applications where the process has been taken out in a HPHT (high pressure and high temperature environment) environment there is a need of high performance coatings that can withstand high temperatures for a long term. Hence, growth in end-use industries such as construction and automotive, as well as increasing disposable income, is majorly driving the demand for a coalescing agent market. Middle East & Africa Coalescing Agent market is surging owing to frequent acquisitions and launchings by the market players. For Instance, In June 2018, The Dow Chemical Company (US) announced a series of phased expansion of its Middle East & Africa glycol capacity through a series of seven debottlenecking and incremental expansion projects. The company will increase the production capacity of select p-series and performance glycol ethers, including the DOWANOL Glycol Ethers product line.