Matting Agents Market Size, Share, Trends, Growth 2032

Matting Agents Market Insights

According to a report from Zion Market Research, the global Matting Agents Market was valued at USD 801.22 Million in 2023 and is projected to hit USD 19412.7 Million by 2032, with a compound annual growth rate (CAGR) of 42.5% during the forecast period 2024-2032. This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Matting Agents Market industry over the next decade.

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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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Matting Agents Market: 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.

Matting Agents Market: 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.

Matting Agents Market: 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. 

Matting Agents Market: Report Scope

Matting Agents Market: 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.

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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
• Lubrizol

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