Global Matting Agents Market, By Product Type (Silica, Thermoplastic, Wax-based), Technology (Water-based, Solvent-based, Others), Application (Industrial Coatings, Wood Coatings, Leather Coatings, Architectural Coatings, Printing Inks, Textile Coatings, Automotive Coatings, Packaging Coatings, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) - Industry Trends and Forecast to 2029
Market Analysis and Insights of Matting Agents Market
Data Bridge Market Research analyses that the matting agents market will witness a CAGR of 5.00% for the forecast period of 2022-2029. Growth in the demand for matting agents especially in the emerging economies such as India and China, growing use of matting agents for a wide range of end user applications such as in the manufacturing of wood coatings, leather coatings, architectural coatings and others, rising number of small and medium scale enterprises in the Asia-Pacific region and surge in industrialization especially in the developing countries are the major factors attributable to the growth of the matting agents market.
Matting agents are the special kind of functional additives that are used in a wide range of industrial applications. Matting agents are mixed with paints and coatings to enhance the performance of paints and coatings. Matting agents can also be combined with fillers and pigments to increase the matting properties.
Rise in demand for seamless pipes by automotive and transportation industry is the root cause for fuelling up the market growth rate. Rising buildings and construction activities, expanding usage of matting agents owing to their benefits and growth and expansion of various end user verticals in the emerging economies will also directly and positively impact the growth rate of the market. Rising expenditure for research and development proficiencies by the major companies, growing popularity of matte-finished products in various applications, upsurge in the rate of industrialization and growing focus on the technological advancements and modernization in the production techniques will further carve the way for the growth of the market.
However, insufficiency in raw material demand, stringent regulatory environmental regulations on end-use industries and supply owing to the lockdown and volatility in their prices will pose a major challenge to the growth of the market. High cost associated with research and development proficiencies, rising import and export tariffs and strict global trade restrictions will dampen the market growth rate. Intense price competition from Chinese manufacturers and large scale availability of alternatives in the market will also restrict the scope of growth for the market.
This matting agents market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on matting agents market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Matting Agents Market Scope and Market Size
The matting agents market is segmented on the basis of product type, technology and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- Based on product type, the matting agents market segmented into silica, thermoplastic and wax-based.
- Based on technology, the matting agents market has been segmented into water-based, solvent-based and others.
- Based on application, the matting agents market has been segmented into industrial coatings, wood coatings, leather coatings, architectural coatings, leather coatings, printing inks, textile coatings, automotive coatings, packaging coatings and others. An industrial coating is further segmented into metal; paper, plastic, printing inks and others.
Matting Agents Market Country Level Analysis
The matting agents market is analysed and market size, volume information is provided by country, product type, technology and application as referenced above.
The countries covered in the matting agents market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific region dominates the matting agents market owing to the well-established chemical industry, rising demand by the transportation industry in the region, increasing consumption in countries such as India, Malaysia, Indonesia, Thailand, and Vietnam, increase in the research and development activities, attractive prices offered by manufacturers, investment policies by the government in order to promote industrial growth, high economic growth in the emerging countries, abundant availability of raw materials and rising investments by various public and private manufacturers in Asia-Pacific.
The country section of the matting agents market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Matting Agents Market Share Analysis
The matting agents market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to matting agents market.
Some of the major players operating in the matting agents market report are Baltimore Innovations Ltd, Evonik Industries AG, Huntsman International LLC, PPG Industries, Inc., W. R. Grace & Co.-Conn, Axalta Coating Systems, BASF SE, ALTANA AG, Deuteron GmbH, DuluxGroup Ltd., DOG German Oil Factory Society for Chemical Products Ltd. & Co. KG, DOUBLE BOND CHEMICAL IND. CO., LTD., FUJI SILYSIA CHEMICAL LTD., J.M. Huber Corporation, Imerys, King Industries, Inc., Lu'An Jietonda New Material Co.,Ltd., Michelman, Inc., Micro Powders, Inc., PATCHAM(FZC) and DSM among others.