| Study Period | 2019 - 2030 |
| Market Size (2025) | USD 1.18 Billion |
| Market Size (2030) | USD 1.50 Billion |
| CAGR (2025 - 2030) | 4.96 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Coalescing Agents Market Analysis
The Coalescing Agent Market size is estimated at USD 1.18 billion in 2025, and is expected to reach USD 1.50 billion by 2030, at a CAGR of 4.96% during the forecast period (2025-2030).
The coalescing agents market was negatively impacted by the COVID-19 pandemic as there was a slowdown in production and mobility as industries such as paints and coatings, adhesives and sealants, etc., were forced to delay their production due to containment measures and economic disruptions. Currently, the market has recovered from the pandemic and is growing at a significant rate. COVID-19 negatively impacted the market in 2020. However, the market reached pre-pandemic levels in 2022 and is expected to grow steadily in the future.
- The increasing demand for architectural and industrial coatings in the Asian region is expected to fuel market growth.
- However, strict government regulations to maintain particular VOC standards are anticipated to hamper market expansion.
- Furthermore, a rising focus on eco-friendly products is predicted to generate market opportunity in the pharmaceutical industry.
- The Asia-Pacific region dominated the market around the world, with countries like China, India, and Japan being the biggest consumers.
Coalescing Agents Market Trends
Increasing Demand from Paints and Coatings Segment
- Coalescing agents are a type of chemical compound used for optimizing the formulation of films of polymer bonds in paints and coatings.
- The demand for coalescing agents in paints and coatings is increasing as they are used as an additive to reduce the complication process by reducing the temperature in the formulation of films, owing to which paints and coatings have a smooth finish to end products.
- Furthermore, the rising demand for paints and coatings in the architectural sector for both exterior and interior applications is expected to increase the demand for coalescing agents. It will likely propel its market during the forecast period.
- As per the American Coatings Association (ACS), with approximately 60% of the total coatings volume in APAC, China is by far the largest coatings manufacturer and user, followed by India with 18% of regional volume, followed by a dramatic drop-off. As a result, the Asia-Pacific region is poised for continued growth through 2024.
- China’s paints and coating industry has outperformed the rest of the world in terms of volume growth over the last 30 years. Rapid urbanization during this time has boosted the domestic architectural coating sector to new heights owing to increasing construction activities.
- According to the National Bureau of Statistics of China, China's construction output peaked in 2022 at a value of about USD 4.11 trillion. As a result, these factors tend to increase the market demand.
- Owing to all the factors mentioned above for coalescing agents, its market is expected to grow rapidly over the forecast period.
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Asia-Pacific Region to Dominate the Market
- Asia-Pacific region is expected to dominate the market for coalescing agents during the forecast period. In countries like India and China, owing to increasing population and growing industrialization & urbanization, the demand for coalescing agents has been increasing in the region.
- The growing demand for coalescing agents in the region is expected to be driven by adhesives & sealants, inks, personal care, paints, and coatings owing to changing lifestyles and increasing disposable income.
- According to L'Oréal, in 2022, the Asia-Pacific region accounted for more than 50% of the world's beauty industry. Thus boosting the market growth from the personal care sector during the forecast period.
- Further, in June 2023, Henkel Adhesive Technologies announced the addition of a new adhesive manufacturing facility in the Yantai chemical industry park in Shandong province, China. The new plant, 'Kunpeng,’ will likely cost approximately CNY 870 million (USD 121.74 million). This, in turn, is expected to support the growth of the market.
- The aforementioned factors are contributing to the increasing demand for coalescing agents during the forecast period.
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Coalescing Agents Industry Overview
The coalescing agents market is consolidated in nature. The major players (not in any particular order) include Eastman Chemical Company, Dow, BASF SE, Synthomer PLC, and Cargill, Incorporated, among others.
Coalescing Agents Market Leaders
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Eastman Chemical Company
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Dow
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BASF SE
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Cargill, Incorporated
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Synthomer PLC
- *Disclaimer: Major Players sorted in no particular order
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Coalescing Agents Market News
The recent developments pertaining to the major players in the market are being covered in the complete study.
Coalescing Agents Industry Segmentation
Coalescing agents are used in dispersion paints to optimize the film formation process of the polymeric binder particles. Coalescing agents help soften the polymer and form a solid, continuous film as the paint dries. They are stabilizers or temporary plasticizers that provide an even dispersion for polymer or resin.
The coalescing agents market is segmented by type, application, and geography. By type, the market is segmented into hydrophilic and hydrophobic. By application, the market is segmented into adhesives & sealants, paints & coatings, inks, personal care, and others (decoloring, polymer, etc.). The report also covers the market size and forecasts for the market in 27 countries across the globe.
For each segment, the market sizing and forecasts have been done on the basis of value (USD).
| Type | Hydrophilic | ||
| Hydrophobic | |||
| Application | Adhesives & Sealants | ||
| Paints & Coatings | |||
| Inks | |||
| Personal Care | |||
| Other Applications (Decoloring, Polymer, etc.) | |||
| Geography | Asia-Pacific | China | |
| India | |||
| Japan | |||
| South Korea | |||
| Malaysia | |||
| Thailand | |||
| Indonesia | |||
| Vietnam | |||
| Rest of Asia-Pacific | |||
| North America | United States | ||
| Canada | |||
| Mexico | |||
| Europe | Germany | ||
| United Kingdom | |||
| Italy | |||
| France | |||
| Spain | |||
| NORDIC Countries | |||
| Turkey | |||
| Russia | |||
| Rest of Europe | |||
| South America | Brazil | ||
| Argentina | |||
| Colombia | |||
| Rest of South America | |||
| Middle-East and Africa | Saudi Arabia | ||
| South Africa | |||
| Nigeria | |||
| Qatar | |||
| Egypt | |||
| United Arab Emirates | |||
| Rest of Middle-East and Africa | |||
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Coalescing Agents Market Research FAQs
How big is the Coalescing Agent Market?
The Coalescing Agent Market size is expected to reach USD 1.18 billion in 2025 and grow at a CAGR of 4.96% to reach USD 1.50 billion by 2030.
What is the current Coalescing Agent Market size?
In 2025, the Coalescing Agent Market size is expected to reach USD 1.18 billion.
Who are the key players in Coalescing Agent Market?
Eastman Chemical Company, Dow, BASF SE, Cargill, Incorporated and Synthomer PLC are the major companies operating in the Coalescing Agent Market.
Which is the fastest growing region in Coalescing Agent Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Coalescing Agent Market?
In 2025, the Asia Pacific accounts for the largest market share in Coalescing Agent Market.
What years does this Coalescing Agent Market cover, and what was the market size in 2024?
In 2024, the Coalescing Agent Market size was estimated at USD 1.12 billion. The report covers the Coalescing Agent Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Coalescing Agent Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Coalescing Agents Industry Report
Statistics for the 2025 Coalescing Agent market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Coalescing Agent analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
