About Matting Agents
Matting agents are anti-corrosion pigments for coatings, paints, and inks that are used for finishing the surface according to the application. Conventional matting agents include ultrafine silica, waxes, talc, aluminum stearate, calcium stearate, and low molecular weight thermoplastic resins. The demand for matting agents has been continuously increasing due to the rapid growth of the paint & coating industry and a high preference for matte finishes. It is highly utilized in automobile finishes and in homes and restaurants to give a matte appearance to the furniture or wood panels.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
CAGR | 4.1% |
The key manufacturers are targeting the innovations of the products with better quality, better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the market Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Matting Agents market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
PQ Corporation (United States), Deuteron GmbH (Germany), Evonik Industries (Germany), Imerys S.A. (France), Thomas Swan & Co. Ltd. (United Kingdom), PPG Silica Products (United States), Baltimore Innovations (United Kingdom), Lu'an Jietonda Chemical Co. (China), Huber Engineered Materials (United States) and W. R. Grace & Co. (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Matting Agents market by Type (Organic and Inorganic), Application (Industrial Coatings, Wood Coatings, Leather Coatings, Architectural Coatings and Others) and Region.
On the basis of geography, the market of Matting Agents has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Form, the sub-segment i.e. Powder will boost the Matting Agents market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Grade, the sub-segment i.e. Technical Grade will boost the Matting Agents market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In November 2021, Evonik Industries announced the expansion of its well-known ACEMATT family with the addition of three new matting agents based on precipitated silica. Three matting agents include ACEMATT OK 390, ACEMATT HK 390, and ACEMATT HK 520. The new matting agents can be used in water- and solvent-based systems and in pigmented and clear formulations.
IN December 2020, Evonik launched a new matting agent SPHERILEX DP-0115 for powder coatings. The new agent to Evonik's product line of SPHERILEX® precipitated silica is patented precipitated silica, which provides a matting effect, improving hardness and flexibility.
Market Drivers
- Increased Demand for Next-Generation Matting Agents for UV Coating
- Growing Demand for Cost-effective Coating Materials for Various Applications
Opportunities
- Adoption of Silica Gel Matting Agents and Organic Matting Agents in Inks and Paint & Coating Industries
Restraints
- Burnishing Is One of the Biggest Disadvantages of the Matted Waterborne Coatings
Challenges
- Some of the Matting Agents are Sensitive to Scratches and Imparting Water Sensitivity at High Concentration
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Matting Agents Manufacturers, Suppliers and Distributors of Matting Agents, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.