Matting Agents Market Insights In 2021, The Matting Agents Market size was valued at USD 570 million, exhibiting a CAGR of 5% during the forecast
Matting Agents Market Insights
In 2021, The Matting Agents Market size was valued at USD 570 million, exhibiting a CAGR of 5% during the forecast period of 2022-2030. By 2030, the market is estimated to reach a worth of USD 884.26 million.
Matting agents are specialty chemicals that are utilized to provide a matte or satin finish to diverse surfaces. These agents operate by diminishing the gloss of the surface, which can be accomplished through different mechanisms, including light scattering, absorption, or reflection. Matting agents find application in various industries, including paints and coatings, inks, plastics, and leather finishes, among others.
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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Matting agents come in different forms, including silica, wax, thermoplastic, and others. Among these, silica-based matting agents are the most popular due to their exceptional performance and affordability. On the other hand, wax-based matting agents are gaining traction, particularly in the paints and coatings sector, due to their superior scratch resistance and durability.
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.
The matting agents market is categorized into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is projected to exhibit the most rapid growth, thanks to the surging demand from the paints and coatings, plastics, and leather finishes sectors in countries such as China, India, and Japan. North America and Europe are also substantial markets, fueled by the rising demand for matting agents in the automotive, furniture, and packaging industries.
Silica, Cellulose, Wax-based (Natural Wax and Synthetic Wax), and Others
Powder coatings, Radiation-curing systems, High-solids systems, Waterborne system
Industrial Coatings (Automotive Coating, Packaging Coating, and Other Industrial Coating), Architectural Coatings, Wood Coating, Textile Coating, and Others.
North America, Europe,
Asia Pacific, Latin America, and Middle East, & Africa
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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