Matting Agents Market Insights
The matting agents market was valued at USD 570 million in 2021, with a projected Compound Annual Growth Rate (CAGR) of 5% from 2022 to 2030. By the end of 2030, it is anticipated that the market will be worth USD 884.26 million.
Specialty chemicals known as matting agents are crucial in creating matte or satin finishes on a diverse array of surfaces by reducing surface gloss via techniques such as light scattering, absorption, or reflection. These agents have widespread use in several industries, including paints and coatings, inks, plastics, and leather finishing.
The global market for matting agents is expected to experience significant growth in the coming years due to increasing demand from various end-use industries. The market is segmented based on type, application, and region.
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Type:
Among the different forms of matting agents, including silica, wax, thermoplastic, and others, silica-based matting agents are the most commonly used owing to their exceptional performance and affordability. However, wax-based matting agents are gaining popularity, especially in the paints and coatings industry, due to their superior scratch resistance and durability.
Application:
Matting agents have significant applications in various industries, including paints and coatings, inks, plastics, and leather finishes. In the paints and coatings industry, matting agents are utilized to create smooth, uniform, and non-reflective surfaces on substrates such as metal, plastic, and wood. In the inks industry, matting agents are used to reduce the gloss of printing inks and improve their printability. In the plastics industry, matting agents provide a matte finish to plastic surfaces such as automotive interiors, electronic devices, and packaging materials. In the leather finishes industry, matting agents are used to produce a soft, natural, and suede-like appearance on leather surfaces.
Region:
The matting agents market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East Africa. The Asia Pacific region is expected to register the fastest growth rate, driven by the increasing demand for matting agents in the paints and coatings, plastics, and leather finishes industries in countries such as China, India, and Japan. North America and Europe are also significant markets, supported by the growing demand for matting agents in the automotive, furniture, and packaging sectors.
Market Segment
By Type
Silica, Cellulose, Wax-based (Natural Wax and Synthetic Wax), and Others
By Formulation
Powder coatings, Radiation-curing systems, High-solids systems, Waterborne system
By Application
Industrial Coatings (Automotive Coating, Packaging Coating, and Other Industrial Coating), Architectural Coatings, Wood Coating, Textile Coating, and Others.
By Geography
North America, Europe,
Asia Pacific, Latin America, and Middle East, Africa
Market Value:
The growth of the market is attributed to the increasing demand from various end-use industries and the growing trend towards environmentally friendly and sustainable products.
In conclusion, the matting agents market size is expected to grow significantly in the coming years, driven by the increasing demand from various end-use industries. The market is segmented on the basis of type, application, and region, and is expected to witness the highest growth in the Asia Pacific region.
The study provides answers to the following key questions:
• What type of customers buying the products and services from companies operating in the Matting Agents Market?
• What will be the roadmap for the product manufacturers operating in the Matting Agents Market for the forecast period, 2022-2030?
• What are the recent developments in the competitive landscape to look out for during the estimated period?
• What are the major trends influencing customers’ lives and their buying behaviour?
• How can brands best communicate with the customers they intend to target?
• When, where and how the customers want to use or consume the products or services?
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