Matting Agents Market worth $533 million by 2028 Globally, at a CAGR of 5.8 %, says MarketsandMarkets™
Chicago, Nov. 03, 2023 (GLOBE NEWSWIRE) — The Global Matting Agents Market is projected to grow from USD 400 million in 2023 to USD 533 million by 2028, at a CAGR of 5.8% from 2023 to 2028, as per the recent study by MarketsandMarkets™. Matting agents are surface modifiers used as additives in paints & coatings, printing inks, plastics, and other industries. They increase resistance to corrosion and scratches in coatings. These agents are used in architectural, wood, and leather coatings and other industrial applications such as automotive, marine, aerospace, protective, and coil coatings. These coatings have cleanability, surface sensitivity, and haptic qualities. Matting agents used in architectural paints and coatings are used for interior and exterior walls of houses and commercial buildings to provide the antiglare effect.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=179252636
Browse In-Depth TOC On “Matting Agents Market”
257 – Market Data Tables
56 – Figures
237 – Pages
List of Key Players in Matting Agents Market:
- Evonik Industries AG (Germany)
- PPG Industries, Inc. (US)
- Huntsman International LLC (US)
- Imerys S.A. (France)
- W. R. Grace & Co.-Conn. (US)
- J.M. Huber Corporation (US)
- ALTANA (Germany)
- Akzo Nobel N.V. (Netherlands)
- Arkema S.A. (France)
- Lubrizol Corporation (US)
Drivers, Restraints, Opportunities and Challenges in Matting Agents Market:
- Drivers: Growth of construction sector.
- Restraints: Requirement of more drying time for waterborne matting agents.
- Opportunity: Shifting focus to Asia Pacific.
- Challenges: Adoption of new technologies.
Get Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=179252636
Key Findings of the Study:
- Silica source segment to account for larger share in the matting agents’ market in 2022.
- Water-borne to lead matting agents’ market during the forecast period.
- Asia Pacific is expected to be the fastest-growing region, in the overall matting agents’ market, during the forecast period.
Silica is the most-used matting additive in the industry as it provides relatively higher efficiency than other matting additives. Wax additives in coatings not only decrease gloss but also increase slip resistance. Wax additives also act as anti-blocking and anti-settling agents. Fillers used as matting agents also increase the volume of pigment concentration. Organic matting agents are used to improve the temperature stability of coatings, which are also easy to disperse.
In water-based technology, highly porous silica matting agents absorb water, extracting it from the dispersed coating, which results in the improper coagulation of the coating. The surface of the substrate which is to be matted is pre-wetted to avoid such instances. Stringent government regulations requiring the manufacture of environmentally friendly products in developed countries have led to increased investments by manufacturers of matting agents in developing alternatives that meet the required regulatory standards.
Get 10% Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=179252636
Based on material, the matting agents market is segmented into silica, waxes, thermoplastics, and others. Based on material, the silica segment accounted for the major share of the matting agents market in 2022, in terms of value. Silica-based matting agents are the most common form of matting agents used across end-use industries, as these are the most efficient additives as compared to waxes, thermoplastics, and fillers.
The global matting agents market is segmented based on type into vitamins, carotenoids, polyphenols, enzymes, and synthetics. Based on type, the matting agents market was led by the vitamins segment in 2022 in terms of value. Various types of vitamins and their compounds, such as vitamin E (tocopherols), vitamin C (ascorbic acid), and vitamin A (retinol), are widely used in cosmetic products for moisturizing and nourishment purposes.
Based on technology, the matting agents market is segmented into water-borne, solvent-borne, powder, and radiation cure & high solids. The technology segment was led by the water-borne segment in 2022. Water-based technology is being increasingly adopted due to environmental concerns regarding the use of organic solvents in coating additives such as surface modifiers, rheology modifiers, and others. Solvent-based coatings have minimal to zero percent organic solvents in formulations.
Among the various regions, Asia Pacific accounted for the largest share of the matting agents market in 2022. The fastest-growing countries in the matting agents market are India, Vietnam, Indonesia, Thailand, and Malaysia. Asia Pacific is one of the key markets for matting agent manufacturers as the region has a high demand from the end-use industries, labor cost is comparatively low, and the regulatory norms are less stringent as well.
Browse Adjacent Markets Specialty Chemicals Market Research Reports & Consulting
- Commercial Refrigeration Market
- Aramid Fiber Market
- Automotive Shredded Residue (ASR) Market
- Kaolin Market
- Chlorinated Polyvinyl Chloride Market
CONTACT: About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: +1-888-600-6441 Email: email@example.com
Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. IndiaShorts takes no editorial responsibility for the same.