The global Matting Agents Market research report provides complete insights on industry scope, trends, regional estimates, key application, competitive landscape and financial performance of prominent players. It also offers ready data-driven answers to several industry-level questions. This study enables numerous opportunities for the market players to invest in research and development.
Market Overview:
Global Matting Agents Market is anticipated to reach USD 1.05 billion by 2025. A matting agent implies an additive that helps to give matte finishing to the substrates. Matting agents are added to the paints, coatings, and inks that scatter the inward light eventually delivering a matte finish to the substrates.
Key Players:
- Evonik Industries
- Baltimore Innovations
- R. Grace & Co.
- Imerys
- PQ Corporation
- Huber Engineered Materials
- Shouguang Baote Chemical And Industrial Co., Ltd
- Huntsman International LLC
- Deuteron GmbH
- Luan Jietonda Chemical Co., Ltd.
- Thomas Swan & Co. Ltd.
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Growth Drivers:
The factors that propel the growth of the Matting Agent Market include rise in the disposable income, rapid urbanization, rising acceptance among consumers, growing coating industry, and environment-friendly features. On the other hand, there are factors that may hamper the growth of the market including higher film shrinkage time and emission of high VOC in solvent-based technology. The industry is anticipated to grow at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe.
Advances in the coatings industry have led to the surge in the applications of soft touch coatings in consumer electronics, automotive, and packaging industry. Owing to this, numerous matting agents are being established in order to surge stain resistance characteristics of soft touch coatings. Furthermore, novel matting agents for radiation curing coatings are anticipated to be proposed in the market in the forecast period.
Product Outlook:
- Organic
- Waxes
- Thermoplastics
- Inorganic
- Silica
The “Inorganic” segment led the Matting Agents Market in 2016 and is anticipated to maintain its dominance by 2025. Amidst inorganic matting agents demand, “Silica-based products” occupied a foremost share. The factors that could be attributed to the growth include high-quality matte finishing and eco-friendly nature.
Application Outlook:
- Industrial coatings
- Metals
- Papers
- Plastics
- Printing inks
- Wood coatings
- Leather coatings
- Architectural coatings
Formulation Outlook:
- Waterborne
- Solventborne
- Powder
- UV
Regional Outlook:
Asia-Pacific accounted for the major share of the Matting Agent Market Size in 2016 and will continue to lead in the forecast period. The factors that could be attributed to the growth include increasing consumption of matting agents in architectural coatings, rising consciousness regarding matting agents, and surge in the income level. Asia-Pacific is likely to be followed by the European region.
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