The global matting agents market is
anticipated to reach USD 1.05 billion by 2025, according to a new report by
Grand View Research, Inc. 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.
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.
Access Research Report of Matting Agents Market @ http://www.grandviewresearch.com/industry-analysis/matting-agents-market
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.
· 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
Grand View Research has segmented the
matting agents market on the basis of product, formulation, application and
region:
Matting Agents Product Outlook
(Volume, Kilo Tons, Revenue, USD Million, 2014 - 2025)
·
Organic
·
Inorganic
Matting Agents Formulation Outlook (Volume, Kilo
Tons, Revenue, USD Million, 2014 - 2025)
·
Waterborne
·
Solventborne
·
Powder
·
UV
·
Others
Matting Agents Application Outlook
(Volume, Kilo Tons, Revenue, USD Million, 2014 - 2025)
·
Industrial coatings
·
wood coatings
·
Leather coatings
·
Architectural coatings
·
Others
Regional Outlook (Volume, Kilo Tons,
Revenue, USD Million, 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Middle East and Africa
·
Central & South America
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
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