Global Matting Agents Market is Set for a Rapid Growth and is Expected to Reach USD 575.01 Million by 2022

28-Feb-2018 | Zion Market Research

Zion Market Research has published a new report titled “Matting Agents Market (Waxes, Thermoplastics, Silica and Others) by Technology (Water-Based, Solvent-Based, Powder Coatings and Radiation Cure & High Solids) for Industrial, Architectural, Leather, Wood, Printing Inks and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 - 2022”. According to the report, the global matting agents market  accounted for USD 445.37 million in 2016 and is expected to reach USD 575.01 million by 2022, growing at a CAGR of around 4.3% between 2017 and 2022. 

The global matting agents market is expected to witness significant growth over the forecast period on account of the growing paints & coatings industry across the globe. Matting agents are utilized in a wide range of applications to provide a glossy finish. It helps in improving the haptic qualities and imparts a smooth feel to the surface. Some examples are matte finished phones, cars, furniture, other electronic gadgets etc. Increasing demand for matte-finished products in the electronics industry and automotive sector is expected to drive the growth of the global matting agents market within the forecast period.

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Browse the full "Matting Agents Market (Waxes, Thermoplastics, Silica and Others) by Technology (Water-Based, Solvent-Based, Powder Coatings and Radiation Cure & High Solids) for Industrial, Architectural, Leather, Wood, Printing Inks and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 - 2022" report at https://www.zionmarketresearch.com/report/matting-agents-market

Global Matting Agents Market

The development of enhanced matting agents is expected to further propel the growth of the global matting agents market. However, the regulations on solvent-based paints amid environmental concerns are expected to curb the growth of the global matting agents market during the forecast period. The growing demand for matting agents from the Asia Pacific is expected to provide great growth opportunities for the key players in the global matting agents market in the coming years. Technological advancements in order to improve efficiency and quality are also expected to open new avenues of opportunities in the coming years.

Among the types, silica segment accounted for the largest market share in 2016 and is expected to register significant growth rate. Silica gels can influence rheological properties, although other agents are typically preferred for rheological control purposes. This has resulted in its wide usage in paints, coatings, lacquers, inks, varnishes etc. 

Water-based segment dominated the matting agents market in 2016 and is also expected to maintain its dominance over the forecast period. Water-based is extensively used in the paints & coatings industry for various applications such as architectural coatings, wood coatings, plastic coatings, industrial coatings etc.

The architectural application was studied as the most dominant application segment in 2016 accounting for the largest share of the global matting agents market. Matting agents are used in residential and nonresidential buildings as well as for decorative architectural objects such as wall paintings, sculptures etc. The industrial coatings segment is expected to register growth at a rapid pace owing to the demand for products with a matte finish along with abrasion & dust resistance etc. 

In terms of geography, Asia Pacific was the largest market for matting agents in the world owing to the increasing demand for matte finished products from the industrial sector. The Asia Pacific is also expected to be the fastest growing market for matting agents within the forecast period owing to the rising consumption levels and spending power of the population. 

The key players operating in the global matting agents market are Evonik Industries, PPG Industries, Huntsman Corporation, Imerys Minerals Ltd., W.R. Grace and Company, J. M. Huber Corporation, BYK Additives & Instruments, Akzonobel, Arkema, and Lubrizol.

This report segments the global matting agents market as follows:

Global Matting Agents Market: Type Segment Analysis

  • Wax
  • Thermoplastics
  • Silica
  • Others

Global Matting Agents Market: Technology Segment Analysis

  • Water-Based
  • Solvent-Based
  • Powder Coatings 
  • Radiation Cure & High Solids

Global Matting Agents Market: Application Segment Analysis

  • Industrial
  • Architectural
  • Leather
  • Wood
  • Printing Inks  
  • Others

Global Matting Agents Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

Browse New Press Release: https://www.zionmarketresearch.com/news/matting-agents-industry

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