Global Matting Agents Market Insight

According to the WK-chem Research “Global Matting Agents Professional Survey Report 2022, Forecast to 2027”, The major factors driving the growth of the market studied are increasing demand for matting agents for production of architectural coatings and superior properties than glossy finishes. The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 4.5% base on WK-chem Research regression analysis model.

Analysts’ Viewpoint:

“Developments in the coatings industry have led to the increase in applications of soft touch coatings in packaging, consumer electronics and automotive industry. Due to this several matting agents are being developed in order to increase stain resistance property of soft touch coatings. Moreover, novel matting agents for radiation curing coatings are also expected to be introduced in the market in the coming years.” said Andy Miller, Senior analyst, Chemical & Material Market Research Center in WK-chem Research.

Market insight:

The growing environmental awareness and stringent environment norms from developed and developing regions drive the demand for green solution coatings. Whereas, the regulations are helping to increase the value-added associated with higher levels of performance. Governments globally are focusing on green practices for reducing the impacts of chemicals on marine life, human health, and the environment. Whereas, the key players operating in the global market are more inclined towards providing coatings that meet industry standards and environmental regulations. Whereas, the stringent environmental regulation in Western Europe and North America region are driving the demand for water-based technology, which in turn drives the growth of this market during the forecast period. Globally, large investments are being made in the development of coating products for infrastructure and vehicles, energy production and machinery, building materials, and even consumer products. These investments are fuelled by the need to develop coatings that are durable, stronger, and wear-resistant throughout their use. The use of organic and inorganic matting agent materials like silica and wax for coatings to protects metal or other surfaces from natural degradation caused by different corrosive agents such as moisture, chemicals, and salt. Whereas the wax-based matting agents provide various benefits like slip and mar resistance, anti-blocking, and abrasion properties, and anti-settling and surface tension. Furthermore, the use of specific filler materials in the paints and coating increase the Pigment-Volume-Concentration of paint involving with all the side effects it implies. Therefore, owning to these factors its demand is increasing.

Inorganic particulate matting agents which are used with PVC plastics tend to produce protuberances on the surface of the substrate. This decreases the impact resistance properties of the surface, thus limiting its applications and hampering the expected growth of matting agents market. Furthermore, cost of matte finish coatings is relatively higher than that of conventional coatings, thus restraining the expected growth of matting agents market.

Competition Landscape:

This WK-chem Research market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading Matting Agents companies that include Evonik Industries, W.R.Grace, J. M. PPG Industries, Huntsman Corporation, IMERYS Minerals Ltd., Huber, BYK Additives & Instruments, AkzoNobel, Arkema, and Lubrizol Corporation.

In May 2019, Evonick AG was introduced a new matting agent as ACEMATT? 3400 in the ACEMATT product family. The new matting agent is used in high-solids and low-VOC formulations.

Segmentation of Matting Agents Market:

By Technology: Water-Based, Solvent-Based, Powder Coatings, and Others. The solvent-based technology segment held the largest share in the global Matting Agents market due to widely used in the paint and coating industry. Furthermore, owing to the low processing cost, solvent-based technology is the preferred choice among manufacturers. Whereas, the solvent-borne matting agent formulations have historically demonstrated high performance in diverse coating applications. Solvent-borne formulations are comprehensively used in automotive coatings and industrial coatings. Solvent-borne technology has one major advantage over water-based technology as they are less susceptible to environmental conditions such as temperature and humidity during the curing phase. Humidity can actually prevent the water in a water-based from evaporating, making them impractical in some climates.?

By Material: Silica (Silica-Gel Matting Agent and Hydro-Thermal Matting Agent), Waxes (Polytetrafluorethylene (PTFE), Polyethylene, Polypropylene, Carnauba, and Others), Thermoplastics (Acrylic, Epoxy, Polyurethane, Alkyd, and Others), and Others. Among the materials, the silica segment held the largest share in the global Matting Agents market due to higher efficiency as compared to other matting additives that help to surge the viscosity of the formulation. Furthermore, the growing uses of silica matting agents for architectural coatings across residential, commercial, industrial, and institutional buildings in the developed and developing regions drive the growth of this segment, which in turn propels the growth of matting agents market over the forecast period.

By Application: Industrial Coating, Leather Coating, Printing Ink, Architectural Coating, Wood Coating, and Others. Among the application types, the Industrial coatings segment was the largest segment contributing a large share in the global market. Matting agents are extensively applied in maintenance and vehicles used by transportation agencies, which have been used to protect a substrate by providing a barrier between the metal and its environment outside, especially in a chloride-laden environment. Additionally, the growing demand for inorganic matting agent like silica-based products across various industrial applications like paints, coatings, lacquers, inks, varnishes and plastics further boosts the growth of global Matting Agents industry during the study period.

Matting Agents Market: Regional Analysis

In terms of geography, the global Matting Agents market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa. Asia Pacific dominated the market and occupied the overall industry. Rapid industrialization in developing countries, such as China and India. Growing awareness regarding matting agents has contributed favorably to the regional market volume in the recent past, and this trend is expected to continue over the forecast period.

Europe market is projected to grow at a steady CAGR over the forecast period. The high demand for applications such as architectural, wood coatings and industrial coatings coupled with presence of the leading industry participants are contributing to market growth in the region.

Cagr: 4.5%

Largest share area：Asia Pacific

largest share country：China

Product Type(by Technology)：Water-Based, Solvent-Based, Powder Coatings, and Others

Product Type(by Material)：Silica (Silica-Gel Matting Agent and Hydro-Thermal Matting Agent), Waxes (Polytetrafluorethylene (PTFE), Polyethylene, Polypropylene, Carnauba, and Others), Thermoplastics (Acrylic, Epoxy, Polyurethane, Alkyd, and Others), and Others

Application：Industrial Coating, Leather Coating, Printing Ink, Architectural Coating, Wood Coating, and Others

Leading Company：Evonik Industries, W.R.Grace, J. M. PPG Industries, Huntsman Corporation, IMERYS Minerals Ltd.