Matting Agents Market Size, Share, Growth Report 2032

Matting Agents Market

Matting Agents Market by Product (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, 2020 – 2028

Category: Chemical & Materials Report Format : PDF Pages: 167 Report Code: ZMR-2666 Published Date: Jul-2021 Status : Published

The global Matting Agents market accounted for USD 531.8 Million in 2020 and is expected to reach USD 704.7 Million by 2028, growing at a CAGR of around 3.5% between 2021 and 2028.

Market Overview                          

The global Matting Agents market accounted for USD 531.8 Million in 2020 and is expected to reach USD 704.7 Million by 2028, growing at a CAGR of around 3.5% between 2021 and 2028.      

The global matting agents market is predicted to witness significant growth over the forecast period on account of the growing paints & coatings industry across the world. Matting agents are utilized during a wide selection of applications to supply 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 within the industry and the automotive sector is predicted to drive the expansion of the worldwide matting agents market within the forecast period.

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COVID-19 Impact Analysis:  

Due to government-imposed lockdowns to prevent the spreading of COVID, the global Matting Agents industry has seen a small decline in revenues in the short. The players in the industry are experiencing irregularity in demand across the globe. The management and workforce are struggling to meet business targets while surviving at basic livelihood needs.  Few of the market players in the industry has shifted their plant to different sites to minimize the impact of a pandemic.  The significant decrease in the global Matting Agents market size in 2020 is estimated based on the COVID-19 outbreak and its negative impact on the economies and industries across the globe. Various scenarios have been analyzed based on inputs from various secondary sources and the current data available about the situation.

Growth Factors

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 to improve efficiency and quality are also expected to open new avenues of opportunities in the coming years.

Report Scope:  

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Segment Analysis Preview  

Among the types, silica segment accounted for the largest market share in 2018 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 2018 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 2018 accounting for the largest share of the global matting agents market. Matting agents are used in residential and non-residential 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. 

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Regional Analysis Preview  

The Asia Pacific was the biggest area for the Matting Agents market in 2020, 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. Europe and North America are likely to have decent development in the Matting Agents market in the years to come.

Key Market Players & Competitive Landscape

Key players profiled in the report include 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.

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The global Matting Agents Market is segmented as follows:

By Type

  • Wax
  • Thermoplastics
  • Silica
  • Others

By Technology

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

By Application

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

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

Free Analysis

FrequentlyAsked Questions

The global Matting Agents Market was valued at USD 531.8 Million in 2020.

The global Matting Agents Market is expected to reach USD 704.7 Million by 2028, growing at a CAGR of 3.5% between 2021 to 2028.  

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.

Asia Pacific was the biggest area for Matting Agents market in 2020. It added up for over 30% share of the total income of Matting Agents market. The development in the area is majorly credited to the development of major end-user sectors such as aerospace, automotive, shipbuilding, defense, and railways..

Key players profiled in the report include 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.

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