Global Matting Agents Market
By Material (Silica, Waxes, Thermoplastics), Technology (Water Based, Solvent Based, Powder Coatings, Radiation Cure & High Solids), Application (Industrial, Architectural, Leather, Wood, Printing),and Region (North America, Asia Pacific, Europe, Latin America, Rest of the World) – Market Size, Status and Forecast to 2025
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The global matting agents market was valued at USD 443.6million in 2016 and is projected to reach USD 688.9million by 2025, growing at a CAGR of 4.5% from 2017 to 2025.
The major driver for matting agents is the growing awareness regarding benefits of a matt finish. The high economic efficiency offered by matt finish is driving the demand for matting agents. The growing awareness about problems surrounding solvent based products is expected to boost the demand for water based matting agents.
1. Market Drivers
1.1 Increasing demand from end-use industries
1.2 Favorable properties over glossy finishes
2. Market Restraints
2.1 Stringent policies for solvent based matting agents
The global matting agents market is segmented on the basis of process, end-use industry, and region.
1. Global Matting Agents Market, by Product:
2. Global Matting Agents Market, by Technology:
2.1 Solvent Based technology
2.2 Water based Technology
2.3 Powder Coating
2.4 Radiation Cure & High Solids
3. Global Matting Agents Market, by Application:
3.1 Industrial Coatings
3.1.1 Automotive Coatings
3.1.2 Can & Coil Coatings
3.1.3 General Industrial Coatings
3.2 Architectural Coatings
3.3 Leather Coatings
3.4 Printing Inks
3.5 Wood Coatings
4. Global Matting Agents Market, by Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
The major players in the market are as follows:
2. PPG Industries
3. Huntsman Corporation
4. Imerys Minerals Ltd.
5. W.R. Grace
7. J.M. Huber Corporation
8. BYK Additives & Instruments
12. Axalta Coating Systems
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the matting agents market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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