The growth of global paints and coatings industry coupled with its usage in industrial and architectural applications is expected to fuel the market growth over the forecast period. The Global Matting Agents Market is anticipated to reach USD 1.05 billion by 2025, according to a new report by Grand View Research, Inc.
Matting agents alter the surface properties of an application, resulting in diffusion of incident light. These phenomena result in gloss reduction thus causing matting effect. They are available in various forms such as powders, dispersions, compounds and blends thus facilitating their easy usage.
The additives impart an authentic look to the surface. Furthermore, they can exhibit properties such as scratch, weathering, and water resistance to the coatings. Such inherent advantages are expected to result in market growth globally. Strong demand for industrial applications in emerging countries such as China and India is expected to benefit the overall market growth.
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Silica-based products occupied a major market share in 2015. Companies have developed products which can be used in conjunction with organic type such as waxes, to enhance the product performance. Major market participants are maintaining modern laboratories to carry out R&D activities for product development. Also, efforts are being taken by companies in the development of technical partnerships with its customers.
Top Players of Matting Agents Market:
Major industry participants include PPG, Deuteron, W.R. Grace & Co., Huber Engineered Materials, and Evonik Industries among others.
Market Segmentation of Matting Agents Market:
The Global Matting Agents Market segmented on the basis of Product, Formulation, Application and Region.
By Product:
Organic
Waxes
Thermoplastics
Inorganic
Silica
By Formulation:
Waterborne
Solventborne
Powder
UV
By Application:
Industrial coatings
wood coatings
Leather coatings
Architectural coatings
By Region:
North America
Europe
Asia Pacific
Middle East and Africa
Central & South America
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