The global matting agents market is anticipated to reach USD 1.05
billion by 2025. The growth of global paints and coatings industry coupled with
its usage in industrial and architectural applications is expected to fuel the
market growth over the forecast period.
Matting agents alter the surface properties of an application,
resulting in diffusion of incident light. These phenomena result in gloss
reduction thus causing matting effect. They are available in various forms such
as powders, dispersions, compounds and blends thus facilitating their easy
usage.
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The additives impart an authentic look to the surface. Furthermore,
they can exhibit properties such as scratch, weathering, and water resistance
to the coatings. Such inherent advantages are expected to result in market
growth globally. Strong demand for industrial applications in emerging
countries such as China and India is expected to benefit the overall market
growth.
Silica-based products occupied a major market share in 2015. Companies
have developed products which can be used in conjunction with organic type such
as waxes, to enhance the product performance. Major market participants are
maintaining modern laboratories to carry out R&D activities for product development.
Also, efforts are being taken by companies in the development of technical
partnerships with its customers.
Further Key
Findings from the Study Suggest:
Matting agents have little effect on rheology, viscosity, and
elasticity, provides good haptic properties and imparts a smooth feel to the
surface. Thus these advantages are expected to contribute to a rise in market
demand.
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Demand from powder coating formulation is expected to witness the
highest estimated CAGR of 6.0% from 2016 to 2025. This formulation type is
witnessing a demand rise due to its cost effectiveness thus benefitting the
market growth for matting agents.
Architectural coatings application segment dominated the market in
2015 and is expected to witness a CAGR of 5.5% from 2016 to 2025.
In terms of volume, Asia Pacific region had the highest penetration in
2015.Increasing industrialization in the region is expected to contribute
significantly to the global matting agents market demand.
Major industry participants include PPG, Deuteron, W.R. Grace &
Co., Huber Engineered Materials, and Evonik Industries among others
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