Matting agent market Size, Status, Analysis and Forecast to 2030

Matting Agents Market Overview:

In a recent research report by Market Research Community, the Matting Agents Market is expected to surpass USD 884.26 Million by the year 2030, from USD 570 Million in 2021.

Matting agents are specialty chemicals that are added to coating formulations to reduce the gloss of the coated surface and provide a smooth, velvety, and even matte finish. These agents work by scattering light and reducing the reflection of light from the surface of the coated material, which results in a low-gloss appearance. Matting agents are available in various forms, such as powders, dispersions, and pastes, and are widely used in various end-use applications, including automotive, furniture, industrial, and architectural coatings, as well as inks, plastics, and other specialty.

The Food Robotics Market Growth is at a significant pace reaching a CAGR of approximately 5%, over the forecast period of 2022–2030, despite a considerable fall in Type sales during the initial phase of pandemic spread and lockdown restrictions imposed globally.

The global market is driven by the increasing demand for matte finishes in various end-use applications, including coatings, paints, and inks. The rise in construction activities and the growing automotive industry are also driving the demand for matting agents. Additionally, the growing environmental concerns and the need for eco-friendly products are further boosting the market growth.

The increasing demand for sustainable and bio-based matting agents is expected to provide significant growth opportunities for market players. Moreover, the rising demand for high-performance coatings in various end-use applications, including furniture, aerospace, and marine, is expected to fuel the market growth. The growing use of matting agents in the food and beverage packaging industry is also expected to provide growth opportunities for market players.

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The growing use of nanotechnology in the production of matting agents is a major trend in the market. The use of nanotechnology helps to improve the performance of matting agents, including their dispersion and compatibility with various coatings and inks. Moreover, the growing use of bio-based and sustainable matting agents is another trend in the market, driven by the increasing environmental concerns and the need for eco-friendly products.

Market Segmentation:

By Type

• Silica
• Cellulose
• Wax-based
  • Natural Wax
  • Synthetic Wax
• Others

By Formulation

• Powder coatings
• Radiation-curing systems
• High-solids systems
• Waterborne system

By Application

• Industrial Coatings
  • Automotive Coating
  • Packaging Coating
  • Other Industrial Coating
• Architectural Coatings
• Wood Coating
• Textile Coating
• Others

The report includes a regional analysis and country analysis with the latest trends, along with the major key players including-

AKZO NOBEL N.V., BASF SE, Evonik Industries, PPG Industries, Arkema, Cabot Corporation, Huntsman Corporation, Wacker Chemie AG, The Dow Chemical Company, Clariant.

The Global Matting Agents Market Outlook is expected to grow at a significant rate in the coming years, driven by the increasing demand for matte finishes in various end-use applications. The market is also expected to be driven by the growing construction and automotive industries. The market is likely to be restrained by the availability of substitutes and the high cost of raw materials.

Market Growth is expected significantly over the next few years in 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.

 

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