Product Code: ETC4477645 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India coalescing agent market import shipment demonstrated steady expansion with a CAGR of 4.3% from 2020-2024. Notably, the growth rate surged by 33.2% between 2023 and 2024, indicating a significant acceleration in market activity. The market exhibited robust growth momentum throughout the period, signaling a strong upward trend.
Coalescing agents are critical components in the paint and coatings industry. They aid in the formation of a uniform film, enhancing the overall quality of coatings. In India, the construction and automotive sectors are witnessing substantial growth, which, in turn, is driving the demand for coalescing agents. As environmental regulations become more stringent, the market is also witnessing a shift towards eco-friendly coalescing agents.
The coalescing agent market in India is driven by the construction and paint industries. Coalescing agents are essential in water-based paints and coatings to promote film formation and enhance the performance of these products. As the construction sector continues to grow and environmental concerns lead to the preference for water-based coatings over solvent-based ones, the demand for coalescing agents is on the rise.
Challenges in the coalescing agent market include the need for effective and eco-friendly solutions that facilitate the formation of a continuous film in paints and coatings. Market players must address environmental regulations and consumer demands for low-VOC (volatile organic compound) products.
The coalescing agent market in India was moderately impacted by the pandemic, as construction and paint industries experienced disruptions. However, as infrastructure and real estate projects resume, the demand for coalescing agents is expected to recover, with an increasing focus on eco-friendly and low-VOC solutions.
Prominent companies in the India coalescing agent market include Dow Chemicals, Eastman Chemical Company, BASF, and Shell Chemicals. They supply coalescing agents used in paints, coatings, and adhesives for film formation and stability.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Coalescing Agent Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Coalescing Agent Market Revenues & Volume, 2021 & 2031F |
3.3 India Coalescing Agent Market - Industry Life Cycle |
3.4 India Coalescing Agent Market - Porter's Five Forces |
3.5 India Coalescing Agent Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Coalescing Agent Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Coalescing Agent Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growth in the construction industry in India, leading to increased demand for coalescing agents in paints and coatings. |
4.2.2 Rising awareness and emphasis on sustainable and eco-friendly products, driving the adoption of coalescing agents in various applications. |
4.2.3 Expansion of the automotive sector in India, creating opportunities for coalescing agent usage in coatings and adhesives. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials used in coalescing agent production, impacting the overall cost and profitability. |
4.3.2 Stringent government regulations and standards related to volatile organic compounds (VOCs) in coatings and adhesives, posing challenges for coalescing agent manufacturers. |
5 India Coalescing Agent Market Trends |
6 India Coalescing Agent Market, By Types |
6.1 India Coalescing Agent Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Coalescing Agent Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Coalescing Agent Market Revenues & Volume, By Hydrophilic, 2021-2031F |
6.1.4 India Coalescing Agent Market Revenues & Volume, By Hydrophobic, 2021-2031F |
6.2 India Coalescing Agent Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Coalescing Agent Market Revenues & Volume, By Paints & Coatings, 2021-2031F |
6.2.3 India Coalescing Agent Market Revenues & Volume, By Adhesive & Sealants, 2021-2031F |
6.2.4 India Coalescing Agent Market Revenues & Volume, By Inks, 2021-2031F |
6.2.5 India Coalescing Agent Market Revenues & Volume, By Personal Care Ingredient, 2021-2031F |
7 India Coalescing Agent Market Import-Export Trade Statistics |
7.1 India Coalescing Agent Market Export to Major Countries |
7.2 India Coalescing Agent Market Imports from Major Countries |
8 India Coalescing Agent Market Key Performance Indicators |
8.1 Adoption rate of low-VOC or VOC-free coatings and adhesives in the Indian market. |
8.2 Number of new product launches incorporating coalescing agents with enhanced performance characteristics. |
8.3 Investment in research and development activities focused on improving the efficiency and sustainability of coalescing agents. |
9 India Coalescing Agent Market - Opportunity Assessment |
9.1 India Coalescing Agent Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Coalescing Agent Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Coalescing Agent Market - Competitive Landscape |
10.1 India Coalescing Agent Market Revenue Share, By Companies, 2024 |
10.2 India Coalescing Agent Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |