entstehend
emerging
Describes something that is currently in the process of coming into being or developing.
Die entstehenden Kosten für das Projekt sind höher als erwartet.
The emerging costs for the project are higher than expected.

emerging
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emerging
Describes something that is currently in the process of coming into being or developing.
Die entstehenden Kosten für das Projekt sind höher als erwartet.
The emerging costs for the project are higher than expected.

'Entstehend' (emerging) is the present participle of the verb 'entstehen' (to arise, to form). It is used as an adjective and describes a process that is currently happening and is not yet complete.
Das neu entstehende Wohnviertel wird viele Grünflächen haben.
The newly emerging residential district will have many green spaces.
This adjective is used almost exclusively before a noun (attributively). Using it after the verb 'sein' (to be) (predicatively), as in 'das Problem ist entstehend' (the problem is emerging), is very uncommon and sounds unnatural.
Wir müssen die entstehenden Probleme sofort lösen.
We need to solve the emerging problems immediately.
Common combinations are 'entstehende Kosten' (emerging costs), 'entstehende Schäden' (resulting damage), or 'ein entstehendes Gefühl' (an emerging feeling). It describes things that develop over a certain period of time.
Die Versicherung deckt alle durch den Sturm entstehenden Schäden ab.
The insurance covers all damage caused by the storm.
The word 'entstehend' (emerging) belongs more to written language or to a formal, factual style. It is often found in reports, news, or technical documents.
Der Bericht analysiert die im Markt entstehenden Trends.
The report analyzes the trends emerging in the market.
growing
'wachsend' and 'entstehend' can both describe a development. The most important difference is the timing. 'wachsend' says that something already exists and is becoming larger, stronger, or more numerous. 'entstehend' says that something is only just beginning and taking shape. The words can be confused because both sound like change. If something is increasing, 'wachsend' fits. If something is newly emerging and still being built up, 'entstehend' is more precise.

Bei der Renovierung achtet sie auf entstehende Risse in der Wand.
During the renovation, she watches for emerging cracks in the wall.
Mit wachsender Erfahrung arbeitet Milan im Kurs immer sicherer.
With growing experience, Milan works more and more confidently in the course.