Matting Agents Market Insights, Size, Growth, Opportunity, Share, Top Players, Graph, Segmentation and Forecast to 2028

May 13 20:28 2024
Matting Agents Market Insights, Size, Growth, Opportunity, Share, Top Players, Graph, Segmentation and Forecast to 2028
Browse 257 market data Tables and 56 Figures spread through 247 Pages and in-depth TOC on “Matting Agents Market”
Matting Agents Market by Material (Silica, Waxes, Thermoplastics), Technology (Water-borne, Solvent-borne, Powder, Radiation cure & High Solids), and Application (Industrial, Architectural, Leather, Wood, Printing Inks), & Region – Global Forecast to 2028

Matting agents are additives used in coatings, paints, and printing formulations to achieve matte finishes on surfaces. The matting agents market is estimated to grow from USD 400 million in 2023 to USD 533 million by 2028, at a CAGR of 5.8% between 2023 and 2028, in terms of value. In 2022, Asia Pacific accounted for the largest share of 38.1%, in terms of value, of the global matting agents market, due to the high demand for the matte finish in wood coatings, leather coatings, and other industrial coatings in China, India, Indonesia, and Malaysia.

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The key players in the Matting agents market are 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), and Lubrizol Corporation (US) and others. The matting agents market is witnessing growth in the past few years; new technologies drive the growth of this market. Market players are introducing new technologies and features to acquire larger market shares.

Evonik Industries AG, also known as Evonik, manufactures specialty chemical products. It operates through five business segments: specialty additives, smart materials, , nutrition & care, performance materials, and technology & infrastructure. Evonik conducts its cosmetic antioxidants manufacturing and commercialization processes under the nutrition & care business segment. It is one of the major global suppliers of specialty chemicals. It has a strong presence in the European region and has integrated world-scale production facilities at nearly 104 locations in 27 countries. The company is focused on expansion and has been making a major investment in its production site, Marl, Germany.

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PPG Industries manufactures, sells, and distributes a wide range of paints & coatings and specialty materials. The company operates its business through two segments: performance coatings and industrial coatings. These segments offer several types of coatings and specialty materials across end-use industries that include building & construction, industrial equipment and components, packaging, aircraft, automotive, and marine, among others. Matting agent products are marketed through Lo-Vel and Inhibisil brands.

The paints and coatings industry is experiencing rapid growth, fueled by the emergence of economies and the expanding middle-class populations in the Asia Pacific region. Countries like China, India, Malaysia, Indonesia, and Thailand are investing in residential and commercial construction projects, driving the increased demand for matting agents. India is expected to lead the matting agents market’s growth during the forecast period, with Vietnam, Indonesia, and Malaysia following closely in terms of volume, owing to their significant growth potential.

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