Matting Agents Market Size May Reach $1 Billion By 2025

The worldwide matting agents market may reach nearly USD 1.1 billion by 2025. It stood at almost USD 634 million in 2015. It is driven by the expanding paints & coatings industry and their demand in various industrial & architectural applications.

Matting agents are additives which improve the performance of paints and coatings. They create a micro-rough surface, which allows them to reflect the incident light. This gives an impression of low gloss. These agents are available in various forms, such as blends, dispersions, and powders. Matting agents make coatings resistant to water & harsh weather conditions. Strong demand for matting agents in industrial applications in India and China may encourage global market growth over the forecast period (2014-2025).

The matting agents market is fragmented according to products, formulation, applications, and regions. Products are bifurcated into organic and inorganic. Organic matting agents encompass thermoplastics and waxes. Inorganic agents mostly include silica and others. In terms of revenue, inorganic products held a more than 60% industry share in 2015. This segment had a production capacity of nearly 194 kilotons (KT) in 2015. The market for organic based matting agents can expand at a 4.7% CAGR during the forecast period.

In-depth research report on global matting agents market - http://www.grandviewresearch.com/industry-analysis/matting-agents-market

Within the inorganic segment, demand for silica was almost 87.2 KT in 2015. Silica based agents are used for matting in plastics, varnishes, lacquers, inks, coatings, and paints. Wax products stood at USD 131.6 million in 2015. It is estimated to grow at a 5% CAGR till 2025. The thermoplastic products segment may register a 5.2% CAGR over the forecast period. Recent developments in thermoplastic products have led to these being used in conjunction with wax and silica.

Waterborne, solventborne, UV (ultraviolet), powder, and others are the various formulations used to produce matting agents. Waterborne coatings may continue dominating the worldwide market throughout the forecast period. They are used to produce haze-free films that scatter light. Powder coating formulations may grow at an approximately 6% CAGR. They are widely preferred for their durability and high quality. Not only do powder coatings improve matting performance but also maintain the color & flow of coatings.

On the basis of applications, the industry is split into architectural coatings, wood coatings, leather coatings, industrial coatings, and others. Industrial coatings are further divided into printing inks, metals, papers, plastics, and others. Architectural coatings were the largest market application in 2015. In volume terms, industrial coatings can reach nearly 86.5 KT by 2025. Among industrial coatings, plastics may grow at a 5.5% CAGR in the forthcoming years.

Region-wise, the matting agents industry is segmented to Central & South America (CSA), North America, Middle East & Africa (MEA), Asia Pacific (APAC), and Europe. APAC led the market in 2015 by capturing more than 35% market shares. Rapid industrialization in the region can stimulate global product demand in the years ahead. Europe is anticipated to expand at a 5.1% CAGR during the forecast period. Concentration of major industry players in the region and surging demand for industrial & wood coatings may significantly contribute to growth. In terms of volumes, North America may reach nearly 55.8 KT by 2025.

Prominent companies operating in the worldwide matting agents industry are Evonik Industries, PPG Industries, Huber Engineered Materials, and Deuteron GmbH. Most of these players are involved in intensive R&D (research and development) activities to improve the current products. Evonik Industries aims at establishing production units in Brazil and Thailand to cater to rising demand.

Source: Matting Agents Market Analysis & Segment Forecast Report, 2024

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