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

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: