Matting Agents Market Overview, Challenges and Growth Opportunities Analysis till 2025
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.
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.
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Matting Agents Product Outlook (Volume, Kilo Tons, Revenue, USD
Million, 2014 - 2025)
• Organic
• Waxes
• Thermoplastics
• Inorganic
• Silica
• Others
Matting Agents Formulation Outlook (Volume, Kilo Tons, Revenue, USD
Million, 2014 - 2025)
• Waterborne
• Solventborne
• Powder
• UV
• Others
Matting Agents Application Outlook (Volume, Kilo Tons, Revenue, USD
Million, 2014 - 2025)
• Industrial coatings
• metals
• papers
• plastics
• printing inks
• Others
• wood coatings
• Leather coatings
• Architectural coatings
• Others
Some of the key players that fuel the growth of the Matting Agents Industry comprise BASF, W.R. Grace, Baltimore Innovations, PQ, PPG Industries, Axalta Coating Systems, Huntsman International, Evonik Industries, BYK, Shamrock Technologies, Royal DSM, Sure Crete Design Products, Shouguang Baote Chemical and Industrial and Others. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.
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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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