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.
