Matting Agent Market Trends

Global Matting Agent Market size was valued at USD 502.91 million in 2023 and is poised to grow from USD 525.04 million in 2024 to USD 740.96 million by 2032, growing at a CAGR of 4.4% during the forecast period (2025-2032).

The global matting agent market features a competitive landscape, characterised by a diverse range of players, including manufacturers, suppliers, and distributors. These market participants compete based on product offerings, innovation, pricing, and distribution channels. The industry is driven by continuous research and development efforts to improve matting agent technologies, address environmental concerns, and meet the evolving demands of various end-use industries. The competitive nature of the market fosters collaborations and strategic partnerships between companies to enhance their product portfolios and expand their global reach. 'Evonik Industries AG (Germany) ', 'PPG Industries, Inc. (United States) ', 'Huntsman International LLC (United States) ', 'Imerys S.A. (France) ', 'W. R. Grace & Co.-Conn. (United States) ', 'J.M. Huber Corporation (United States) ', 'ALTANA AG (Germany) ', 'Akzo Nobel N.V. (Netherlands) ', 'Arkema S.A. (France) ', 'The Lubrizol Corporation (United States) ', 'Eastman Chemical Company (United States) ', 'Axalta Coating Systems Ltd. (United States) ', 'BASF SE (Germany) ', 'BYK-Chemie GmbH (Germany) ', 'Thomas Swan & Co. Ltd. (United Kingdom) ', 'Deuteron GmbH (Germany) ', 'PQ Corporation (United States) ', 'Nippon Talc Co., Ltd. (Japan) ', 'Hoffmann Mineral GmbH (Germany) ', 'Wacker Chemie AG (Germany)'

The growing consumer preference for low-gloss and matte finishes in various end-use industries, such as automotive, furniture, and packaging, is driving the demand for matting agents. Matte surfaces offer a premium and sophisticated appearance, leading to higher adoption of matting agents in coatings, paints, and inks.

Increasing Demand for Matte Finishes: The growing consumer preference for matte finishes in various industries, such as automotive, electronics, and furniture, is driving the demand for matting agents. Matte surfaces offer a sophisticated and premium appearance, and they have become popular among consumers seeking a low-gloss and tactile feel in their products.

The dominant region in the global matting agent market is Asia-Pacific (APAC). APAC has emerged as a significant market for matting agents due to the region's rapid industrialization, urbanisation, and robust growth in end-use industries such as automotive, construction, and electronics. As economies like China, India, and Southeast Asian countries continue to witness increasing consumption and production of coatings, paints, and inks, the demand for matting agents has surged. The region's dominant position is further strengthened by the presence of a large consumer base and the expansion of key industries, making it a crucial hub for matting agent manufacturers and suppliers.