The latest report by IMARC Group, titled “Matting Agents Market Report by Material Type (Silica, Thermoplastic, Wax-based), Technology (Water-based, Solvent-based, and Others), Application (Industrial Coatings, Wood Coatings, Leather Coatings, Architectural Coatings, and Others), and Region 2024-2032“, The global matting agents market size reached US$ 616 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 924 Million by 2032, exhibiting a growth rate (CAGR) of 4.6% during 2024-2032.

Factors Affecting the Growth of Matting Agents Industry:

  • Increasing Demand from End-Use Industries:

Matting agents have diverse applications in several industries, such as paints and coatings, printing inks, adhesives, and plastics. One of the primary factors fueling the matting agents market is the increasing demand from these end-use sectors. Notably, in the paints and coatings industry, matting agents serve as vital additives used to attain specific surface characteristics like texture, gloss, and durability. Given the growth of the construction sector, especially in emerging economies, there has been a substantial surge in the demand for paints and coatings. Consequently, the need for matting agents has also risen, given their vital role in achieving the desired matte finish in paints and coatings. Similarly, within the printing inks industry, matting agents play an essential role in regulating gloss levels in printed materials. As the packaging industry expands owing to growing consumerism and e-commerce activities, there is a concomitant increase in the demand for printing inks, thus propelling the market for matting agents.

  • Significant Technological Advancements and Product Innovations:

Significant driving force behind the matting agents market is the constant technological progress and product innovations. Manufacturers are consistently investing in research and development ventures to introduce innovative matting agents with enhanced functionalities and performance attributes. A noteworthy trend in the market is the creation of environmentally friendly and sustainable matting agents in response to strict environmental regulations and increasing consumer awareness about environmental concerns. These eco-friendly matting agents are formulated using renewable raw materials and demonstrate low VOC (volatile organic compound) emissions, making them environmentally preferred options for various applications. Furthermore, progress in nanoparticle technology has facilitated the production of nano-sized matting agents, which offer improved surface properties and better dispersion characteristics compared to conventional matting agents. Nano-matting agents provide excellent scratch resistance, enhanced abrasion resistance, and outstanding anti-blocking properties, making them suitable for high-performance coatings and films.

  • Growing Preference for Matte Finishes in Consumer Products:

The market for matting agents is being driven significantly by the increasing preference for matte finishes in consumer products like electronic gadgets, automotive interiors, furniture, and cosmetics. Matte finishes are favored for their unique aesthetic appeal, featuring a soft, non-reflective surface that appeals to consumers seeking minimalist and sophisticated designs. This trend is evident in various industries, with matte finishes gaining popularity in automotive interior trims, dashboard panels, and exterior paint coatings. They provide vehicles with a luxurious and modern appearance, enhancing brand distinctiveness and consumer perception. In electronics and consumer goods sectors, matte finishes are the go-to choice for devices such as smartphones, laptops, and household appliances due to their ability to reduce fingerprints, smudges, and glare. Notably, matte coatings offer superior scratch resistance compared to glossy finishes, ensuring the prolonged durability and visual attractiveness of the products.

Competitive Landscape with Key Player:

  • Akzo Nobel N.V.
  • Arkema S.A.
  • CHT Group
  • Deuteron GmbH
  • Evonik Industries AG
  • Imerys S.A.
  • J.M. Huber Corporation
  • PPG Industries Inc.
  • PQ Corporation
  • The Lubrizol Corporation
  • Thomas Swan & Co. Ltd.
  • W. R. Grace and Co. (Standard Industries Limited)

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/matting-agents-market/requestsample

Report Segmentation:

The report has segmented the market into the following categories:

Material Type Insights:

  • Silica
  • Thermoplastic
  • Wax-based

Silica dominates the market due to its widespread availability, versatility, and ability to efficiently provide excellent matting effects across various applications in industries such as paints and coatings, plastics, and printing inks.

 Technology Insights

  • Water-based
  • Solvent-based
  • Others

Water-based holds maximum number of shares due to its eco-friendly properties, ease of application, and compliance with stringent environmental regulations.

Application Insights:

  • Industrial Coatings
  • Wood Coatings
  • Leather Coatings
  • Architectural Coatings
  • Others

Architectural coatings represent the largest segment due to the extensive use of coatings in residential, commercial, and institutional construction projects for enhancing aesthetic appeal, protection against environmental elements, and prolonging the lifespan of architectural surfaces.

Market Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Asia Pacific’s dominance in the matting agents market is attributed to rapid industrialization, urbanization, and the presence of major manufacturing hubs driving significant demand for matting agents across various industries.

Global Matting Agents Market Trends:

The matting agents market is being propelled by the growing emphasis on surface protection and functional coatings in various industries. Manufacturers are striving to improve the performance and longevity of their products, leading to a rising need for coatings that not only enhance the aesthetic appeal but also offer functional benefits like scratch resistance, chemical resistance, and anti-slip properties. Matting agents are essential in formulating coatings with these functional attributes. For example, in the automotive sector, where surface durability is crucial, matte coatings containing specialized matting agents are applied to exterior components to provide protection against environmental factors such as UV radiation, abrasion, and corrosion. Moreover, there is increasing demand for functional coatings with specific performance properties across sectors like aerospace, marine, and industrial equipment manufacturing. Matte coatings formulated with advanced matting agents provide superior resistance to wear and tear, chemical exposure, and weathering, making them well-suited for applications requiring robust surface protection.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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