Global Silica Based Matting Agents Market, By Type (Flux-calcined Diatomaceous Earth, Fumed Silica, Natural Silica, Perlite, Precipitated Silica, Silica Gel), Material (Silica, Waxes, Thermoplastics, Others), Technology (Water-based, Solvent-based, Other), Application (Architectural Coatings, Industrial, Leather Coating, Wood Coating, Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
Over the last few years, the preference for matte-finished surface has been steadily increasing in recent years, owing to the aesthetic appeal of matte finished surfaces. Consumption of matting agents has increased significantly, particularly in the construction industry, supplementing the silica-based matting agents market's expected growth.
Global Silica based matting agents Market was valued at USD 246.47 million in 2021 and is expected to reach USD 369.74 million by 2029, registering a CAGR of 5.20% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Report Scope and Market Segmentation
2022 to 2029
2020 (Customizable to 2014 - 2019)
Revenue in USD Million, Volumes in Units, Pricing in USD
By Type (Flux-calcined Diatomaceous Earth, Fumed Silica, Natural Silica, Perlite, Precipitated Silica, Silica Gel), Material (Silica, Waxes, Thermoplastics, Others), Technology (Water-based, Solvent-based, Other), Application (Architectural Coatings, Industrial, Leather Coating, Wood Coating, Others)
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
Market Players Covered
Baltimore Innovations Ltd (U.K.), Evonik Industries AG (Germany), Huntsman International LLC (U.S.), PPG Industries, Inc. (U.S.), W. R. Grace & Co. (U.S.), Axalta Coating Systems (U.S.), BASF SE (Germany), ALTANA AG (Germany), Deuteron GmbH (Germany), DuluxGroup Ltd. (Australia), DOG German Oil Factory Society for Chemical Products Ltd. & Co. KG (Germany), DOUBLE BOND CHEMICAL IND. CO., LTD. (Taiwan), FUJI SILYSIA CHEMICAL LTD. (Japan), J.M. Huber Corporation (U.S.)
Matting agents are additives that are mixed with coatings and paints to give the substrate a matte finish. Silica-based matting agents are widely used in coating and printing ink formulations to reduce the gloss of coated films. They are highly demanding for industrial coatings and rising demand from the automotive, construction, textile, and packaging industries.
Silica Based Matting Agents Market Dynamics
This section deals with understanding the market drivers, opportunities, restraints and challenges. All of this is discussed in detail as below:
- High Demand Across Automotive Sector
Silica-based matting agents are used in automotive coatings and paint to improve vehicle aesthetics. Matting agents based on silica improve grind performance and produce a smooth surface finish with exceptional optical and haptic properties. The growing preference for matte-finished surfaces has been steadily increasing in recent years, owing to the aesthetic appeal associated with matte-finished surfaces. As a result, the increased utilization across the automotive sector will further boost the market demand.
- Stringent Environment Regulations
Governments worldwide are focusing on green practices to reduce chemical impacts on marine life, human health, and the environment. Implementing stringent environmental regulations in both developed and developing regions further boosts green solution coatings. On the other hand, the regulations help to increase the value-added associated with higher levels of performance. In contrast, stringent environmental regulations in Western Europe and North America are driving demand for water-based technology, which in turn drives market growth during the forecast period.
Furthermore, the matting also provides scratch resistance to the surface, making it suitable for use in a variety of applications, which will further propel the growth rate of silica based matting agents market. Additionally, the expansion of the various end-use industries and large investments in the development of coating products are projected to bolster the market's growth.
- Demand of Eco-Friendly Matting Agents
The consumer base is becoming more aware of environmental conservation and the harmful effects of global warming on the planet, which is encouraging them to use eco-friendly products. Among all silica-based matting agents, the water-based silica-based matting agent is the most environmentally friendly and emits the fewest VOCs. As a result, the increasing adoption of water-based silica-based matting agents is likely to contribute to the global market's promising growth. Many industry players in various sectors prefer eco-friendly products and materials, which will extend profitable opportunities to the market players in the forecast period of 2022 to 2029.
- Increased Awareness Associated with its Advantages
These agents assist in improving the coating's appearance by developing a smoother surface that is less reflective and has more opacity. Hence, the expanding awareness about the advantages of using low-glare items will further provide growth opportunities for the silica based matting agents market.
- Availability of Alternatives
The matting agents are made from various materials such as waxes and thermoplastics. Manufacturers have a variety of materials to choose from when developing matting agents. The widespread availability of thermoplastic resins and waxes in both developed and developing countries will impede the growth of silica-based matting agents.
- Limitation of Matting Agents
Also, the inorganic particulate matting agents used with PVC plastics tend to form protuberances on the substrate's surface. This reduces the surface's impact resistance properties, limiting its applications and impeding the expected growth of the matting agents market. This factor will challenge the silica based matting agents market growth rate.
Furthermore, the price of silica-based matte finish coatings is higher than that of conventional coatings, limiting the silica-based matting agents market's expected growth.
This silica based 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 localized 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, geographic expansions, technological innovations in the market. To gain more info on the silica based 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.
COVID-19 Impact on Silica Based Matting Agents Market
The recent outbreak of coronavirus had a negative impact on the silica based matting agents market. As most countries have issued "stay at home guidance," i.e., lockdown, the pandemic is affecting operations in various industries such as automotive, oil and gas, construction, aerospace, and others, and it is expected that the outbreak of COVID-19 will be seen throughout the year of 2020, and for a few months in 2021. The silica-based matting agents are widely used in these industries, and thus, their declining operations directly impact the market growth of matting agents. During the covid-19 crises, demand for silica-based matting agents is low. The postponement of manufacturing and construction activities in both developed and developing countries hampered market growth for silica-based matting agents in covid-19. However, the Silica Based Matting Agents industry encountered supply chain, workforce, and raw material supply issues, among other issues. According to the World Bank, the global construction value was US$22.04 trillion in 2020, down from US$23.29 trillion in 2019, indicating a US$1.25 trillion decline in 2020.
On the brighter side, the market is estimated to revive as individual regulatory bodies begin to relax these enforced lockdowns. Moreover, the manufacturers are coming up with key strategies such as technology launches, acquisitions, and research and development to aid the market expansion post pandemic.
- In November 2021, ACEMATT OK 390, ACEMATT HK 390, and ACEMATT HK 520 are three universally applicable matting agents introduced by Evonik. Precipitated silica is the foundation of the ACEMATT® product line. Three new universally applicable matting agents based on precipitated silica have been developed.
Global Silica Based Matting Agents Market Scope
The silica based matting agents market is segmented on the basis of type, material, technology and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- Flux-calcined Diatomaceous Earth
- Fumed Silica
- Natural Silica
- Precipitated Silica
- Silica Gel
- Architectural Coatings
- Leather Coating
- Wood Coating
Silica Based Matting Agents Market Regional Analysis/Insights
The silica based matting agents market is analyzed and market size insights and trends are provided by country, material, technology and application as referenced above.
The countries covered in the silica based 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 dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to emerging countries with a large customer base like China and India within the region.
On the other hand, North America is estimated to show lucrative growth over the forecast period of 2022-2029, due to the growth in end-use industries such as textile, automotive, and construction in the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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 Silica Based Matting Agents Market Share Analysis
The silica based 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 silica based matting agents market.
Some of the major players operating in the silica based matting agents market are
- Baltimore Innovations Ltd (U.K.)
- Evonik Industries AG (Germany)
- Huntsman International LLC (U.S.)
- PPG Industries, Inc. (U.S.)
- W. R. Grace & Co. (U.S.)
- Axalta Coating Systems (U.S.)
- BASF SE (Germany)
- ALTANA AG (Germany)
- Deuteron GmbH (Germany)
- DuluxGroup Ltd. (Australia)
- DOG German Oil Factory Society for Chemical Products Ltd. & Co. KG (Germany)
- DOUBLE BOND CHEMICAL IND. CO., LTD. (Taiwan)
- FUJI SILYSIA CHEMICAL LTD. (Japan)
- J.M. Huber Corporation (U.S.)