Matting Agents Market Insights
The matting agents market was valued at USD 570 million in 2021, with a forecasted CAGR of 5% during the period of 2022-2030. It is anticipated that the market will reach a worth of USD 884.26 million by the end of 2030.
Matting agents are specialty chemicals that play a crucial role in producing matte or satin finishes on a variety of surfaces. They achieve this by decreasing the gloss of the surface through various methods like light scattering, absorption, or reflection. Matting agents find applications across numerous industries, including but not limited to paints and coatings, inks, plastics, and leather finishes.
There is an anticipated substantial growth in the worldwide market for matting agents in the next few years, primarily attributed to the rising demand from diverse end-use industries. The market is categorized 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:
The major applications of matting agents include paints and coatings, inks, plastics, and leather finishes. In the paints and coatings industry, matting agents are used to create a smooth, uniform, and non-reflective surface on various substrates such as wood, metal, and plastic. 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 are used to 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 create 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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