PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1422680
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1422680
The global matting agents market is expected to witness a CAGR of 5.8% during 2023-2032, propelled by technological advancements, and a rising demand for specialized coatings and paints.
According to an article by Vander Volk Painting in 2023, refreshing your home's interior with a new coat of paint offers a substantial return on investment (ROI) of 107%, factoring in elements such as paint quality, color choice, and overall finish. Industries across automotive, construction, and furniture sectors are seeking high-performance solutions to meet evolving consumer expectations for enhanced aesthetic appeal, durability, and specific surface finishes. Matting agents offer a versatile means to achieve desired texture and gloss levels in coatings. Moreover, as customization becomes integral to various finished products, furthering industry growth.
The overall matting agents market is classified based on source, product, end-user industry, application, and region.
The organic source segment is anticipated to witness steady growth during the study period driven by R&D activities, regulatory compliance, and health & safety awareness. The industries are increasingly opting for matting agents sourced from organic materials to address the growing consumer preference for sustainable and green products. Moreover, ongoing R&D for the organic source will lead to innovative formulations that cater to diverse applications, fostering the product demand.
The wax-based product segment is set for sustained expansion through 2032 owing to its versatility, adaptability to various coating requirements, and exceptional performance. From gloss reduction to silk-matte appearances, the product caters to a broad spectrum of applications. Industries seeking tailor-made solutions for diverse coating requirements are increasingly turning to wax-based matting agents for their exceptional performance and adaptability.
Asia Pacific matting agents market poised for robust growth over 2023-2032 driven by rapid industrialization, coupled with substantial investments in construction and automotive sectors, especially in countries such as China and India. There is surge in sales volume for automotives as well as electric vehicles. Moreover, adoption of innovative coating technologies is further propelling the demand for matting agents in the APAC region.