Global Matting Agents Market By Product (Organic and Inorganic), By Application (Industrial coatings, Leather coatings, Wood coatings, and Other Applications), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032
- Published date: Oct 2021
- Report ID: 14302
- Number of Pages: 223
- Format:
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Matting Agents Market Overview:
The global matting agent market was worth USD 769.56 million in 2021. This market is expected to grow at a compound annual growth rate of 4.65% between 2023-2032.
The market is growing due to the growth in the coatings, paints, and custom matting agent markets. These additives improve the performance and durability of paints and coatings. They provide a micro-rough finish. This makes it possible to diffusely reflect any incident light onto the film, giving it a low gloss effect. The film contains evenly distributed particles.
Global Matting Agents Market Analysis
Product Analysis
The inorganic segment was the most profitable and occupied 58% of market revenue. Global market demand for the inorganic segment was 200 Kilotons in 2021. The organic segment will see a 4.9% CAGR from 2023-2032.
Silica-based products had a dominant share of inorganic matting agents’ demand in 2021. Silica-based products are used in a wide range of applications including paints and coatings, lacquers as well as inks, varnishes, and plastics. They are more easily stirred in and have lower viscosity. They can disperse in nearly all formulation types.
In 2021, the wax-type organic segment held a significant share. It is forecast to grow at 5.0% CAGR over the next nine years. Wax type floats on top of the paint and alters its surface properties. There has been a thermoplastic matting agent that can be used together with silica and waxes. The forecast period will see an increase in the demand for thermoplastic products at a CAGR of 4.8%.
Application Analysis
The largest and most important segment of global demand was architectural applications in 2021. For architectural applications, matting agents can provide functions like burnish and stain resistance, inertness, film transparency control, and high brightness.
Industrial coatings demand is expected to grow by 2025. In industrial applications such as printing inks, mating agents are used extensively. From 2023 to 2032, a high CAGR is expected for the plastics sector.
Key Market Segments
By Product
- Organic
- Inorganic
By Application
- Industrial coatings
- Leather coatings
- Wood coatings
- Architectural coatings
- Other Applications
Market Dynamics
Manufacturers are increasingly focusing on innovative technologies that can improve product performance and their application. To achieve optimal performance, products have been developed with optimized particle sizes and pore distribution. Products that have a matting effect can also be used to improve other properties, like rust resistance and scratch.
The U.S. expected that it will continue to dominate the market over the forecast period. They are used to make high-quality, haze-free films to diffuse light. In the U.S., the demand for powder coating formulations will grow at a 5% CAGR over the forecast period.
Regional Analysis
The Asia Pacific was the dominant market, occupying 37.5%. China and India are undergoing rapid industrialization. In recent years, the region has seen a rise in awareness of matting agents. This trend is likely to continue during the forecast period.
Europe’s market is expected to grow at a 4.8% CAGR over the forecast period. The region’s high demand for architectural, wood, and industrial coatings is driving the market growth. North America is projected to see a high demand by 2032.
Key Regions and Countries covered іn thе rероrt:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Russia
- Spain
- Rest of Europe
- APAC
- China
- Japan
- South Korea
- India
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- MEA
- GCC
- South Africa
- Israel
- Rest of MEA
Market Share & Key Players Analysis:
Deuteron and Evonik Industries are key industry participants. Participants offer customized products to the industry. When matting agents were used in conjunction with UV coatings, there were problems like a uniform gloss. However, there are innovative products that have overcome these problems.
Evonik Industries, for example, is focused on building silica production plants in Thailand and Brazil in order to respond to rising demand. Industry participants are seeking ISO certifications for their manufacturing establishments. In addition to ISO certifications, companies also apply for compliance with REACH regulations.
Маrkеt Kеу Рlауеrѕ:
- Deuteron
- Evonik Industries
- PPG Industries Inc.
- W.R. Grace & Co.
- Huber Engineered Materials
- Baltimore innovations
- BYK Additives & Instruments
- Arkema SA
- Other Key Players
For the Matting Agents Market research study, the following years have been considered to estimate the market size:
Attribute Report Details Historical Years
2016-2020
Base Year
2021
Estimated Year
2022
Short Term Projection Year
2028
Projected Year
2023
Long Term Projection Year
2032
Report Coverage
Competitive Landscape, Revenue analysis, Company Share Analysis, Manufacturers Analysis, Volume by Manufacturers, Key Segments, Key company analysis, Market Trends, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis, strategy for existing players to grab maximum market share, and more.
Regional Scope
North America, Europe, Asia-Pacific, South America, Middle East & Africa
Country Scope
United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa
Frequently Asked Questions (FAQ)
Q: What is the size of the Matting Agents market in 2021?A: The Matting Agents market size is estimated to be US$ 769.56 million in 2021.
Q: What is the projected CAGR at which the Matting Agents market is expected to grow at?A: The Matting Agents market is expected to grow at a CAGR of 4.65% (2023-2032).
Q: List the segments encompassed in this report on the Matting Agents market?A: Market.US has segmented the Matting Agents market by geographic (North America, Europe, APAC, South America, and Middle East and Africa). By Product, market has been segmented into Organic and Inorganic. By Application, the market has been further divided into Industrial coatings, Leather coatings, Wood coatings, Architectural coatings, and Other Applications.
Q: List the key industry players of the Matting Agents market?A: Deuteron, Evonik Industries, PPG Industries Inc., W.R. Grace & Co., Huber Engineered Materials, Baltimore innovations, BYK Additives & Instruments, Arkema SA, and Other Key Players are engaged in the Matting Agents market.
Q: Which region is more appealing for vendors employed in the Matting Agents market?A: APAC is expected to account for the highest revenue share of 37.5%. Therefore, the Matting Agents industry in APAC is expected to garner significant business opportunities over the forecast period.
Q: Name the key areas of business for Matting Agents?A: The US, China, Japan, India, Brazil, Germany, UK, France, Italy, Spain, etc. are key areas of operation for Matting Agents Market.
Q: Which segment accounts for the greatest market share in the Matting Agents industry?A: With respect to the Matting Agents industry, vendors can expect to leverage greater prospective business opportunities through the inorganic matting agents segment, as this area of interest accounts for the largest market share.
- Deuteron
- Evonik Industries
- PPG Industries Inc.
- W.R. Grace & Co.
- Huber Engineered Materials
- Baltimore innovations
- BYK Additives & Instruments
- Arkema SA Company Profile
- Other Key Players
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