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 find extensive applications across various industries, including paints and coatings, printing inks, adhesives, and plastics. One of the primary drivers propelling the matting agents market is the escalating demand from these end-use sectors. In the paints and coatings industry, for instance, matting agents are crucial additives used to achieve desired surface characteristics such as texture, gloss, and durability. With the growth of the construction sector, particularly in emerging economies, the demand for paints and coatings has increased significantly. As a result, the need for matting agents has also risen, as they are indispensable for imparting the desired matte finish in paints and coatings. Similarly, in the printing inks industry, matting agents are essential for controlling gloss levels in printed materials. As the packaging industry continues to expand due to increasing consumerism and e-commerce activities, there is a parallel rise in the demand for printing inks, thereby driving the market for matting agents.

• Significant Technological Advancements and Product Innovations:

Another significant factor driving the matting agents market is technological advancements and product innovations in the field. Manufacturers are continually investing in research and development activities to introduce novel matting agents with improved functionalities and performance characteristics. One notable trend in the market is the development of eco-friendly and sustainable matting agents in response to stringent environmental regulations and growing consumer awareness regarding environmental issues. These eco-friendly matting agents are formulated using renewable raw materials and exhibit low VOC (volatile organic compound) emissions, making them environmentally preferable choices for various applications. Furthermore, advancements in nanoparticle technology have enabled the development of nano-sized matting agents, which offer enhanced surface properties and better dispersion characteristics compared to conventional matting agents. Nano-matting agents provide superior scratch resistance, improved abrasion resistance, and excellent anti-blocking properties, making them suitable for high-performance coatings and films.

• Growing Preference for Matte Finishes in Consumer Products:

The preference for matte finishes in consumer products such as electronic gadgets, automotive interiors, furniture, and cosmetics has emerged as a significant driver for the matting agents market. Matte finishes offer a distinct aesthetic appeal characterized by a soft, non-reflective surface, which is increasingly favored by consumers seeking minimalist and sophisticated designs. In the automotive industry, for instance, matte finishes have gained popularity for interior trims, dashboard panels, and exterior paint coatings. Matte surfaces provide a luxurious and modern look to vehicles, contributing to enhanced brand differentiation and consumer perception. Similarly, in the electronics and consumer goods sectors, matte finishes are preferred for devices, such as smartphones, laptops, and household appliances due to their ability to minimize fingerprints, smudges, and glare. Matte coatings also offer better scratch resistance compared to glossy finishes, ensuring prolonged durability and aesthetic appeal 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 also driven by the rising emphasis on surface protection and functional coatings across industries. As manufacturers strive to enhance the performance and longevity of their products, there is a growing demand for coatings that offer aesthetic appeal and also functional benefits such as scratch resistance, chemical resistance, and anti-slip properties. Matting agents play a crucial role in formulating coatings with these functional attributes. For instance, in the automotive sector, where surface durability is paramount, matte coatings containing specialized matting agents are applied to exterior components to provide protection against environmental factors such as UV radiation, abrasion, and corrosion. Furthermore, the demand for functional coatings with specific performance properties is increasing across sectors such as aerospace, marine, and industrial equipment manufacturing. Matte coatings formulated with advanced matting agents offer superior resistance to wear and tear, chemical exposure, and weathering, making them ideal 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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