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The global market for matting agents was worth $555.49M in 2022 and is expected to reach $818.39M by 2030, expanding from $579.12M in 2023 at a CAGR of 5.4%.
Demand from end-use sectors like paints & coatings, inks, and plastics has been driving consistent expansion in the global matting agent market. In order to improve the appearance, scratch resistance, and anti-blocking capabilities of surface coatings, "matte" or "dull" finishing chemicals are often used. Market growth has been fueled by expanding demand in the construction and automotive industries, as well as by rising consumer desire for low-gloss and tactile surfaces. The widespread usage of matting agents has been further encouraged by strict environmental restrictions advocating the application of water-based and environmentally friendly coatings. Demand for these additives is being fueled by the fact that their performance and efficiency have been greatly improved because to the development of cutting-edge matting agent technologies, such as nano-matting agents. There are, however, a number of obstacles in the way of the worldwide matting agent market. Raw material pricing fluctuations are a serious issue that can have a negative effect on manufacturers' bottom lines. Health concerns and the availability of less expensive substitutes are two other factors that could slow the widespread usage of matting agents. In addition, the COVID-19 pandemic has slowed market expansion because it has put uncertainty into the supply chain and slowed down industrial activity. Despite these obstacles, the market is expected to rise steadily in the next years thanks to rising demand for environmentally friendly coatings, thriving automotive and construction sectors, and persistent R&D to overcome market obstacles. To take advantage of the growing opportunities given by different end-use sectors and consumer preferences for matte finishes, manufacturers and suppliers in the matting agent market are anticipated to focus on product developments, strategic collaborations, and extending their regional presence.
Product-Based Analyses
Organic matting agents and inorganic matting agents are the two primary subsegments of the global matting agent market. Organic matting agents are the most lucrative subsegment of the global matting agent industry. Organic matting agents are popular because they can be employed in a wide variety of coating applications and they always result in a uniform matte appearance. These agents are preferred because of their high dispersion qualities and simple inclusion into coatings, inks, and plastics; they can be based on natural or manufactured materials such waxes, silica, and polymeric compounds. Since organic matting agents typically have lower VOC (volatile organic compound) levels, they are more in line with the current emphasis on eco-friendly coatings, which has increased their popularity.
Inorganic matting agents are the fastest-growing product category in the global matting agent market. Since inorganic matting compounds are more effective and scratch-resistant than their organic counterparts, they are gaining popularity. These agents, which are often made from mineral or silica-based materials, are ideal for use in industrial coatings, automotive coatings, and high-performance plastics, all of which are extremely tough environments. Inorganic matting agents have seen a rise in demand as industries seek for coverings with increased durability and abrasion resistance. Market expansion has also been helped along by the introduction of nanostructured inorganic matting agents, thanks to developments in nanotechnology.
Formulation-Based Analyses
Waterborne, solventborne, powder, ultraviolet (UV), and other formulations make up the bulk of the worldwide matting agent market. Waterborne formulations account for the vast majority of the worldwide matting agent industry. Because of their reduced impact on the environment, waterborne formulations have replaced their solventborne counterparts in several industries. Waterborne matting agents have gained substantial traction across a variety of industries, including paints and coatings, inks, and plastics, as a result of rising regulatory scrutiny on volatile organic compound (VOC) emissions and a growing emphasis on sustainable coatings.
In terms of market size, the "UV" (Ultraviolet-curable) formulation subsegment of the worldwide matting agent market is expanding at the quickest rate. The popularity of UV-curable matting agents has skyrocketed in recent years, thanks to their quick curing times and excellent performance. Industries where fast curing and enhanced scratch resistance are paramount, such as electronics, automotive, and graphic arts, are driving the rise in popularity of UV-curable coatings and inks. The quick curing under UV light of UV-curable matting agents allows for shorter production cycles and less energy use.
Key Market Developments
The market for matting agents is rising as consumers show an increasing preference for matte surfaces across a variety of industries, including automotive, electronics, and furniture. Consumers who prefer a less shiny and more tactile product aesthetic have made matte finishes increasingly popular.
There is a growing need for eco-friendly, low-VOC coatings due to rising public concern for the environment and stricter controls on VOC emissions. Because of their low environmental impact, aqueous formulations of matting agents are particularly popular around the world.
Report Coverage
Global Matting Agent research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Matting Agent report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Matting Agent competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Matting Agent market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Matting Agent market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Matting Agent market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Evonik Industries AG, W. R. Grace & Co., PPG Industries, Inc., BYK-Chemie GmbH (A division of ALTANA AG), Imerys Group, Huber Engineered Materials (A J.M. Huber Company), Akzo Nobel N.V., Lubrizol Corporation (A subsidiary of Berkshire Hathaway), Deuteron GmbH, Imerys Minerals Ltd., Mitsui Chemicals, Inc., Arkema S.A., J. M. Huber Corporation, Solvay S.A., Sherwin-Williams Company, Axalta Coating Systems Ltd., Croda International Plc, Clariant AG, BASF SE, Dow Inc.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Matting Agent market based on the below-mentioned segments:
Global Matting Agent Market, By Product
Organic
inorganic
Global Matting Agent market, By Formulation
Waterborne
Solventborne
Powder
UV
Others
Global Matting Agent market, Regional Analysis
Demand from end-use sectors like paints & coatings, inks, and plastics has been driving consistent expansion in the global matting agent market. In order to improve the appearance, scratch resistance, and anti-blocking capabilities of surface coatings, "matte" or "dull" finishing chemicals are often used. Market growth has been fueled by expanding demand in the construction and automotive industries, as well as by rising consumer desire for low-gloss and tactile surfaces. The widespread usage of matting agents has been further encouraged by strict environmental restrictions advocating the application of water-based and environmentally friendly coatings. Demand for these additives is being fueled by the fact that their performance and efficiency have been greatly improved because to the development of cutting-edge matting agent technologies, such as nano-matting agents. There are, however, a number of obstacles in the way of the worldwide matting agent market. Raw material pricing fluctuations are a serious issue that can have a negative effect on manufacturers' bottom lines. Health concerns and the availability of less expensive substitutes are two other factors that could slow the widespread usage of matting agents. In addition, the COVID-19 pandemic has slowed market expansion because it has put uncertainty into the supply chain and slowed down industrial activity. Despite these obstacles, the market is expected to rise steadily in the next years thanks to rising demand for environmentally friendly coatings, thriving automotive and construction sectors, and persistent R&D to overcome market obstacles. To take advantage of the growing opportunities given by different end-use sectors and consumer preferences for matte finishes, manufacturers and suppliers in the matting agent market are anticipated to focus on product developments, strategic collaborations, and extending their regional presence.
Product-Based Analyses
Organic matting agents and inorganic matting agents are the two primary subsegments of the global matting agent market. Organic matting agents are the most lucrative subsegment of the global matting agent industry. Organic matting agents are popular because they can be employed in a wide variety of coating applications and they always result in a uniform matte appearance. These agents are preferred because of their high dispersion qualities and simple inclusion into coatings, inks, and plastics; they can be based on natural or manufactured materials such waxes, silica, and polymeric compounds. Since organic matting agents typically have lower VOC (volatile organic compound) levels, they are more in line with the current emphasis on eco-friendly coatings, which has increased their popularity.
Inorganic matting agents are the fastest-growing product category in the global matting agent market. Since inorganic matting compounds are more effective and scratch-resistant than their organic counterparts, they are gaining popularity. These agents, which are often made from mineral or silica-based materials, are ideal for use in industrial coatings, automotive coatings, and high-performance plastics, all of which are extremely tough environments. Inorganic matting agents have seen a rise in demand as industries seek for coverings with increased durability and abrasion resistance. Market expansion has also been helped along by the introduction of nanostructured inorganic matting agents, thanks to developments in nanotechnology.
Formulation-Based Analyses
Waterborne, solventborne, powder, ultraviolet (UV), and other formulations make up the bulk of the worldwide matting agent market. Waterborne formulations account for the vast majority of the worldwide matting agent industry. Because of their reduced impact on the environment, waterborne formulations have replaced their solventborne counterparts in several industries. Waterborne matting agents have gained substantial traction across a variety of industries, including paints and coatings, inks, and plastics, as a result of rising regulatory scrutiny on volatile organic compound (VOC) emissions and a growing emphasis on sustainable coatings.
In terms of market size, the "UV" (Ultraviolet-curable) formulation subsegment of the worldwide matting agent market is expanding at the quickest rate. The popularity of UV-curable matting agents has skyrocketed in recent years, thanks to their quick curing times and excellent performance. Industries where fast curing and enhanced scratch resistance are paramount, such as electronics, automotive, and graphic arts, are driving the rise in popularity of UV-curable coatings and inks. The quick curing under UV light of UV-curable matting agents allows for shorter production cycles and less energy use.
Key Market Developments
The market for matting agents is rising as consumers show an increasing preference for matte surfaces across a variety of industries, including automotive, electronics, and furniture. Consumers who prefer a less shiny and more tactile product aesthetic have made matte finishes increasingly popular.
There is a growing need for eco-friendly, low-VOC coatings due to rising public concern for the environment and stricter controls on VOC emissions. Because of their low environmental impact, aqueous formulations of matting agents are particularly popular around the world.
Report Coverage
Global Matting Agent research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Matting Agent report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Matting Agent competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Matting Agent market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Evonik Industries AG, W. R. Grace & Co., PPG Industries, Inc., BYK-Chemie GmbH (A division of ALTANA AG), Imerys Group, Huber Engineered Materials (A J.M. Huber Company), Akzo Nobel N.V., Lubrizol Corporation (A subsidiary of Berkshire Hathaway), Deuteron GmbH, Imerys Minerals Ltd., Mitsui Chemicals, Inc., Arkema S.A., J. M. Huber Corporation, Solvay S.A., Sherwin-Williams Company, Axalta Coating Systems Ltd., Croda International Plc, Clariant AG, BASF SE, Dow Inc. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Matting Agent Market from 2021 to 2030.
- Market Forecast for Matting Agent Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Matting Agent competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Matting Agent
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Matting Agent market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Matting Agent market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Evonik Industries AG, W. R. Grace & Co., PPG Industries, Inc., BYK-Chemie GmbH (A division of ALTANA AG), Imerys Group, Huber Engineered Materials (A J.M. Huber Company), Akzo Nobel N.V., Lubrizol Corporation (A subsidiary of Berkshire Hathaway), Deuteron GmbH, Imerys Minerals Ltd., Mitsui Chemicals, Inc., Arkema S.A., J. M. Huber Corporation, Solvay S.A., Sherwin-Williams Company, Axalta Coating Systems Ltd., Croda International Plc, Clariant AG, BASF SE, Dow Inc.
Primary Target Market
- Market Players of Matting Agent
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Matting Agent market based on the below-mentioned segments:
Global Matting Agent Market, By Product
Organic
inorganic
Global Matting Agent market, By Formulation
Waterborne
Solventborne
Powder
UV
Others
Global Matting Agent market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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