Global Matting Agent Market

Global Matting Agent Market Size, Share, Growth Analysis, By Product(Organic and inorganic), By Formulation(Waterborne, Solventborne) - Industry Forecast 2024-2031

Report ID: SQMIG15E2338 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 63 | Figures: 75

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Matting Agent Market size was valued at USD 555.46 Million in 2021 and is poised to grow from USD 579.9 Million in 2022 to USD 818.38 Million by 2030, at a CAGR of 4.4% during the forecast period (2023-2030).

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', 'W. R. Grace & Co.', 'PPG Industries, Inc.', 'BYK-Chemie GmbH (A division of ALTANA AG)', 'Imerys Group', 'Huber Engineered Materials (A J.M. Huber Company)', 'Akzo Nobel N.V.', 'Lubrizol Corporation (A subsidiary of Berkshire Hathaway)', 'Deuteron GmbH', 'Imerys Minerals Ltd.', 'Mitsui Chemicals, Inc.', 'Arkema S.A.', 'J. M. Huber Corporation', 'Solvay S.A.', 'Sherwin-Williams Company', 'Axalta Coating Systems Ltd.', 'Croda International Plc', 'Clariant AG', 'BASF SE', 'Dow Inc.'

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.

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Global Matting Agent Market

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