Matting Agents Market by Type (Organic Matting Agents, Polymer-Based Matting Agents, Silica-Based Matting Agents), Formulation Type (Powder Coating Matting Agents, Solvent-based Matting Agents, Water-based Matting Agents), Application - Global Forecast 2024-2030
The Matting Agents Market size was estimated at USD 828.03 million in 2023 and expected to reach USD 870.58 million in 2024, at a CAGR 5.40% to reach USD 1,197.33 million by 2030.
The matting agents market is a specialized segment of the coatings industry, which focuses on providing products that impart a diffusion or light scattering effect to surfaces to reduce glossy appearance and surface defects. These agents are commonly incorporated into various coating formulations, such as paints, varnishes, lacquers, and inks. The increasing demand for silica gel matting agents for automotive and industrial coatings applications and the rising preference for matte-finished surfaces in the construction industry contribute to market growth. However, the harmful environmental impact of using synthetic matting agents may limit the market adoption of matting agents. The performance limitations and complex production of matting agents are concerning factors for market growth. Moreover, the emergence of bio-based, advanced, and high-performing matting agents and the introduction of new matting agent production facilities are expected to create lucrative opportunities for market growth.
Regional Insights
In the Americas, the United States and Canada represent the significant markets for matting agents. The demand is primarily driven by a growing construction industry, in the residential and commercial sectors. Additionally, recent investments in research and development have resulted in numerous patents for innovative formulations catering to specific end-use applications in the region. The European Union has emphasized sustainable development with strict environmental regulations playing a crucial role in shaping the regional matting agent market. In the Middle East and Africa, infrastructure development spurred by rapid urbanization and industrial growth promotes the demand for matting agents. The market in Asia-Pacific is characterized by rapid industrialization and urbanization, particularly in China, India, and Japan. The growing automotive, electronics, and construction industries in the APAC region contribute to the increasing demand for matting agents. Moreover, the shift toward sustainable practices has encouraged players to develop eco-friendly solutions in the APAC region.
Market Insights
- Market Dynamics
The market dynamics represent an ever-changing landscape of the Matting Agents Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.- Market Drivers
- Higher demand for silica gel matting agents for automotive and industrial coatings applications
- Rising preference for matte-finished surfaces in the construction industry
- Market Restraints
- Environmental impact of using synthetic matting agents
- Market Opportunities
- Emergence of bio-based and advanced, high-performing matting agents
- Introduction of new matting agent production facilities
- Market Challenges
- Performance limitations and complex production of matting agents
- Market Segmentation Analysis
- Type: Utilization of organic and wax-based matting agents in the packaging and textile industry
- Formulation Type: Rising preference for solvent-based and water-based matting agents
- Application: Multi-faced utilization of matting agents for printing ink, automotive, and wood coating applications
- Market Disruption Analysis
- Porter’s Five Forces Analysis
- Value Chain & Critical Path Analysis
- Pricing Analysis
- Technology Analysis
- Patent Analysis
- Trade Analysis
- Regulatory Framework Analysis
The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Matting Agents Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Matting Agents Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Recent Developments- Evonik increases production capacities for ACEMATT matting agents
Evonik's Coating Additives business line is increasing production capacity of its ACEMATT matting agents in Taiwan to meet the growing demand in Asia. The expansion is scheduled to be completed by the second half of 2023, and it is expected to benefit customers and partners worldwide by enhancing the global supply. The ACEMATT products manufactured in Taiwan offer the same properties as those produced in Germany. Formulators have access to a wide range of matting levels, and the product is compatible with various industrial and transportation applications, including textiles, plastics, leather, can coatings, and coil coatings.
Discover Clariant's New Ceridust 8170 M Ptfe-Free Texturing Agent For Powder Coatings
Clariant has recently introduced Ceridust 8170 M, a matting agent for Architectural Powder Coatings free from PFAS and PTFE. This innovative product provides excellent performance in both dark and light colors and also offers adjustable gloss and texturing levels without any extrudate swelling. Moreover, Ceridust 8170 M fully complies with the European Union's REACH legislation, making it a sustainable choice for coating applications. By providing equal performance compared to PTFE-containing predecessors, Clariant demonstrates its commitment to delivering high-quality and environmentally friendly solutions.
PPG Enhances OneChoice Line with New UV Primer and Post Wipe
WEG has recently announced investments of USD 14.28 million to expand the production capacity of industrial liquid paints in Brazil by 2024. These investments are expected to include the construction of a new logistics distribution center, covering an area of 6,400 m², and a new unit dedicated to the production of industrial liquid paints. This expansion can result in a 70% increase in the current production capacity.
The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Matting Agents Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
Key Company Profiles
The report delves into recent significant developments in the Matting Agents Market, highlighting leading vendors and their innovative profiles. These include Aalborz Chemical, LLC, Akzo Nobel N.V., Anhui Kingcham New Materials Co., Ltd., Arkema S.A., Axalta Coating Systems, LLC, BASF SE, BCD Chemie GmbH, BioPowder by Schilling Ltd., BYK-Chemie GmbH, Cabot Corporation, CHT Germany GmbH, Deuteron GmbH, Estron Chemical, Inc., Evonik Industries AG, Fine Cause Co.,Ltd., Goyen Chemical, Henan Minmetals East Industrial Co., Ltd., Honeywell International Inc., Hubei Hoyonn Chemical Industry Co., Ltd, Imerys S.A., ISF Group Limited, ISHIHARA SANGYO KAISHA, LTD., J.M. Huber Corporation, Jinsha Precipitated Silica Manufacturing Co., Ltd., Jinwei Chemical Co., Ltd., Mitsubishi Chemical Group Corporation, MÜNZING Chemie GmbH, PPG Industries, Inc., PQ Corporation, SINO SUNMAN INTERNATIONAL, Stahl Holdings B.V., The Lubrizol Corporation, Thomas Swan & Co. Ltd., W. R. Grace & Co., Yantai Sunychem Int'l Co., Ltd., and Zhejiang Shuangcai New Materials Co., Ltd..
Market Segmentation & Coverage
This research report categorizes the Matting Agents Market to forecast the revenues and analyze trends in each of the following sub-markets:- Type
- Organic Matting Agents
- Polymer-Based Matting Agents
- Silica-Based Matting Agents
- Wax-Based Matting Agents
- Formulation Type
- Powder Coating Matting Agents
- Solvent-based Matting Agents
- Water-based Matting Agents
- Application
- Architectural Coating
- Industrial Coating
- Leather Coating
- Printing Inks
- Wood Coating
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
Please Note: PDF & Excel + Online Access - 1 Year
- Americas
- Market Drivers
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Higher demand for silica gel matting agents for automotive and industrial coatings applications
- 5.1.1.2. Rising preference for matte-finished surfaces in the construction industry
- 5.1.2. Restraints
- 5.1.2.1. Environmental impact of using synthetic matting agents
- 5.1.3. Opportunities
- 5.1.3.1. Emergence of bio-based and advanced, high-performing matting agents
- 5.1.3.2. Introduction of new matting agent production facilities
- 5.1.4. Challenges
- 5.1.4.1. Performance limitations and complex production of matting agents
- 5.2. Market Segmentation Analysis
- 5.2.1. Type: Utilization of organic and wax-based matting agents in the packaging and textile industry
- 5.2.2. Formulation Type: Rising preference for solvent-based and water-based matting agents
- 5.2.3. Application: Multi-faced utilization of matting agents for printing ink, automotive, and wood coating applications
- 5.3. Market Trend Analysis
- 5.3.1. Expanding local manufacturing facilities in Americas with the supportive regulatory frameworks, and urge for development for innovative product formulation.
- 5.3.2. Expanding production of matting agents by native and international players in the Asia-Pacific, owing to the region’s abundant raw material availability and increasing product demand by end-users
- 5.3.3. Well-established paints & coatings, textiles, and plastics industries approach to introduce eco-friendly matt coating agent-based products in EMEA
- 5.4. Cumulative Impact of High Inflation
- 5.5. Porter’s Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
- 5.6. Value Chain & Critical Path Analysis
- 5.7. Regulatory Framework Analysis
- 6. Matting Agents Market, by Type
- 6.1. Introduction
- 6.2. Organic Matting Agents
- 6.3. Polymer-Based Matting Agents
- 6.4. Silica-Based Matting Agents
- 6.5. Wax-Based Matting Agents
- 7. Matting Agents Market, by Formulation Type
- 7.1. Introduction
- 7.2. Powder Coating Matting Agents
- 7.3. Solvent-based Matting Agents
- 7.4. Water-based Matting Agents
- 8. Matting Agents Market, by Application
- 8.1. Introduction
- 8.2. Architectural Coating
- 8.3. Industrial Coating
- 8.4. Leather Coating
- 8.5. Printing Inks
- 8.6. Wood Coating
- 9. Americas Matting Agents Market
- 9.1. Introduction
- 9.2. Argentina
- 9.3. Brazil
- 9.4. Canada
- 9.5. Mexico
- 9.6. United States
- 10. Asia-Pacific Matting Agents Market
- 10.1. Introduction
- 10.2. Australia
- 10.3. China
- 10.4. India
- 10.5. Indonesia
- 10.6. Japan
- 10.7. Malaysia
- 10.8. Philippines
- 10.9. Singapore
- 10.10. South Korea
- 10.11. Taiwan
- 10.12. Thailand
- 10.13. Vietnam
- 11. Europe, Middle East & Africa Matting Agents Market
- 11.1. Introduction
- 11.2. Denmark
- 11.3. Egypt
- 11.4. Finland
- 11.5. France
- 11.6. Germany
- 11.7. Israel
- 11.8. Italy
- 11.9. Netherlands
- 11.10. Nigeria
- 11.11. Norway
- 11.12. Poland
- 11.13. Qatar
- 11.14. Russia
- 11.15. Saudi Arabia
- 11.16. South Africa
- 11.17. Spain
- 11.18. Sweden
- 11.19. Switzerland
- 11.20. Turkey
- 11.21. United Arab Emirates
- 11.22. United Kingdom
- 12. Competitive Landscape
- 12.1. Market Share Analysis, 2023
- 12.2. FPNV Positioning Matrix, 2023
- 12.3. Competitive Scenario Analysis
- 12.3.1. Evonik increases production capacities for ACEMATT matting agents
- 12.3.2. Discover Clariant's New Ceridust 8170 M Ptfe-Free Texturing Agent For Powder Coatings
- 12.3.3. PPG Enhances OneChoice Line with New UV Primer and Post Wipe
- 12.3.4. Songwon Enters Exclusive Partnership With Krahn Italia For Coatings
- 12.3.5. PPG Invests USD 44 Million to Boost Global Powder Production
- 12.3.6. PPG Launches Paint Films Solutions For Automotive And Industrial Customers
- 12.3.7. Natural Look, Silky And Matt Surfaces Thanks To Bio-Based, Sustainable Ceraflour Additives From Byk
- 12.3.8. Stahl Polymers Launches Relca Pd 805 Matting Resin To Tackle Environmental And Supply Side Challenges
- 13. Competitive Portfolio
- 13.1. Key Company Profiles
- 13.2. Key Product Portfolio
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