Matting Agents Market by Type, Formulation Type, Application

List of Tables

[184 Pages Report] The Matting Agents Market size was estimated at USD 828.03 million in 2023 and expected to reach USD 870.58 million in 2024, at a CAGR 5.40% to reach USD 1,197.33 million by 2030.

The matting agents market is a specialized segment of the coatings industry, which focuses on providing products that impart a diffusion or light scattering effect to surfaces to reduce glossy appearance and surface defects. These agents are commonly incorporated into various coating formulations, such as paints, varnishes, lacquers, and inks. The increasing demand for silica gel matting agents for automotive and industrial coatings applications and the rising preference for matte-finished surfaces in the construction industry contribute to market growth. However, the harmful environmental impact of using synthetic matting agents may limit the market adoption of matting agents. The performance limitations and complex production of matting agents are concerning factors for market growth. Moreover, the emergence of bio-based, advanced, and high-performing matting agents and the introduction of new matting agent production facilities are expected to create lucrative opportunities for market growth.

KEY MARKET STATISTICS
Base Year [2023]	USD 828.03 million
Estimated Year [2024]	USD 870.58 million
Forecast Year [2030]	USD 1,197.33 million
CAGR (%)	5.40%

Type: Utilization of organic and wax-based matting agents in the packaging and textile industry

Polymer-based organic matting agents can provide a range of surface gloss levels, from semi-gloss to dead matte. A distinguishing feature of polymer-based matting agents is their unique surface structure derived from complex co-polymer technologies. The composition of most polymer-based matting agents includes crosslinked acrylic polymers or functionalized polyethylene. Organic matting agents are derived from natural elements and have a minimal ecological impact. Organic matting agents are popular for their user-friendly nature and are preferable in sectors such as food packaging and agricultural product manufacturing. In addition, polymer-based and silica-based matting agents are known for their superior performance attributes, such as excellent scratch resistance and high transparency. They are widely used in industrial applications, including automotive, wood finishes, plastics, and coating applications. At the same time, wax-based matting agents cater to the need for a glossy appearance and high scratch resistance in construction and automotive applications. Wax-based matting agents have extensive usage in industries including textiles, cosmetics, and flooring.

Formulation Type: Rising preference for solvent-based and water-based matting agents

Powder coating matting agents offer excellent control over gloss levels, registering heightened usage, particularly in industrial finishes and automotive coatings. Powder coating matting agents are preferred for durable applications that require superior resistance to heat and corrosion. Solvent-based matting agents are optimal for smooth finishes and are primarily used in wood finishes, plastics, and decorative coatings. Based on needs, solvent-based matting agents are preferred when rapid drying and achieving high-gloss finishes are required for industrial applications. Water-based matting agents provide superior performance and environmental advantages such as low volatile organic compounds (VOC) and are preferred in industries where environmental regulations are stringent.

Application: Multi-faced utilization of matting agents for printing ink, automotive, and wood coating applications

The need for matting agents in architectural coating has been emphasized as it provides a non-glossy, smooth finish to the surfaces of the building and construction structures. Industrial coatings demand matting agents for durability and resistance against harsh environmental conditions and are preferred in manufacturing, marine, and consumer electronics industries. In the domain of industrial coating, matting agents are employed frequently to provide a robust matte finish and improved resistance to wear and tear, corrosion, and heat. This enhances the protective properties of industrial equipment, machinery, and surfaces while maintaining a professional aesthetic quality. The application of matting agents produces a desirable soft matte look on leather products, enhancing their appeal. Simultaneously, it provides improved resistance against soiling, abrasion, and water, extending the lifespan of the leather goods. In printing ink applications, matting agents are preferred to maintain color consistency and print quality of products. Matting agents are essential for wood coating to protect against weathering and UV radiation and are extensively used in timber and furniture industries. The utilization of matting agents gives wooden surfaces a classical matte finish, augmenting the natural beauty of the wood and increasing its robustness, protecting the wood from destructive external elements such as moisture, UV rays, and fungal attacks.

Regional Insights

In the Americas, the United States and Canada represent the significant markets for matting agents. The demand is primarily driven by a growing construction industry, in the residential and commercial sectors. Additionally, recent investments in research and development have resulted in numerous patents for innovative formulations catering to specific end-use applications in the region. The European Union has emphasized sustainable development with strict environmental regulations playing a crucial role in shaping the regional matting agent market. In the Middle East and Africa, infrastructure development spurred by rapid urbanization and industrial growth promotes the demand for matting agents. The market in Asia-Pacific is characterized by rapid industrialization and urbanization, particularly in China, India, and Japan. The growing automotive, electronics, and construction industries in the APAC region contribute to the increasing demand for matting agents. Moreover, the shift toward sustainable practices has encouraged players to develop eco-friendly solutions in the APAC region.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Matting Agents Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Matting Agents Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Matting Agents Market, highlighting leading vendors and their innovative profiles. These include Aalborz Chemical, LLC, Akzo Nobel N.V., Anhui Kingcham New Materials Co., Ltd., Arkema S.A., Axalta Coating Systems, LLC, BASF SE, BCD Chemie GmbH, BioPowder by Schilling Ltd., BYK-Chemie GmbH, Cabot Corporation, CHT Germany GmbH, Deuteron GmbH, Estron Chemical, Inc., Evonik Industries AG, Fine Cause Co.,Ltd., Goyen Chemical, Henan Minmetals East Industrial Co., Ltd., Honeywell International Inc., Hubei Hoyonn Chemical Industry Co., Ltd, Imerys S.A., ISF Group Limited, ISHIHARA SANGYO KAISHA, LTD., J.M. Huber Corporation, Jinsha Precipitated Silica Manufacturing Co., Ltd., Jinwei Chemical Co., Ltd., Mitsubishi Chemical Group Corporation, MUNZING Chemie GmbH, PPG Industries, Inc., PQ Corporation, SINO SUNMAN INTERNATIONAL, Stahl Holdings B.V., The Lubrizol Corporation, Thomas Swan & Co. Ltd., W. R. Grace & Co., Yantai Sunychem Int'l Co., Ltd., and Zhejiang Shuangcai New Materials Co., Ltd..

Market Segmentation & Coverage

This research report categorizes the Matting Agents Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
- Organic Matting Agents
- Polymer-Based Matting Agents
- Silica-Based Matting Agents
- Wax-Based Matting Agents

Formulation Type
- Powder Coating Matting Agents
- Solvent-based Matting Agents
- Water-based Matting Agents

Application
- Architectural Coating
- Industrial Coating
- Leather Coating
- Printing Inks
- Wood Coating

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Matting Agents Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Matting Agents Market?

3. What are the technology trends and regulatory frameworks in the Matting Agents Market?

4. What is the market share of the leading vendors in the Matting Agents Market?

5. Which modes and strategic moves are suitable for entering the Matting Agents Market?

Product Code: MRR-69324464D0D5

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Higher demand for silica gel matting agents for automotive and industrial coatings applications
  - 5.1.1.2. Rising preference for matte-finished surfaces in the construction industry
- 5.1.2. Restraints
  - 5.1.2.1. Environmental impact of using synthetic matting agents
- 5.1.3. Opportunities
  - 5.1.3.1. Emergence of bio-based and advanced, high-performing matting agents
  - 5.1.3.2. Introduction of new matting agent production facilities
- 5.1.4. Challenges
  - 5.1.4.1. Performance limitations and complex production of matting agents
5.2. Market Segmentation Analysis
- 5.2.1. Type: Utilization of organic and wax-based matting agents in the packaging and textile industry
- 5.2.2. Formulation Type: Rising preference for solvent-based and water-based matting agents
- 5.2.3. Application: Multi-faced utilization of matting agents for printing ink, automotive, and wood coating applications
5.3. Market Trend Analysis
- 5.3.1. Expanding local manufacturing facilities in Americas with the supportive regulatory frameworks, and urge for development for innovative product formulation.
- 5.3.2. Expanding production of matting agents by native and international players in the Asia-Pacific, owing to the region's abundant raw material availability and increasing product demand by end-users
- 5.3.3. Well-established paints & coatings, textiles, and plastics industries approach to introduce eco-friendly matt coating agent-based products in EMEA
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework Analysis

6. Matting Agents Market, by Type

6.1. Introduction
6.2. Organic Matting Agents
6.3. Polymer-Based Matting Agents
6.4. Silica-Based Matting Agents
6.5. Wax-Based Matting Agents

7. Matting Agents Market, by Formulation Type

7.1. Introduction
7.2. Powder Coating Matting Agents
7.3. Solvent-based Matting Agents
7.4. Water-based Matting Agents

8. Matting Agents Market, by Application

8.1. Introduction
8.2. Architectural Coating
8.3. Industrial Coating
8.4. Leather Coating
8.5. Printing Inks
8.6. Wood Coating

9. Americas Matting Agents Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Matting Agents Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Matting Agents Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. Evonik increases production capacities for ACEMATT matting agents
- 12.3.2. Discover Clariant's New Ceridust 8170 M Ptfe-Free Texturing Agent For Powder Coatings
- 12.3.3. PPG Enhances OneChoice Line with New UV Primer and Post Wipe
- 12.3.4. Songwon Enters Exclusive Partnership With Krahn Italia For Coatings
- 12.3.5. PPG Invests USD 44 Million to Boost Global Powder Production
- 12.3.6. PPG Launches Paint Films Solutions For Automotive And Industrial Customers
- 12.3.7. Natural Look, Silky And Matt Surfaces Thanks To Bio-Based, Sustainable Ceraflour Additives From Byk
- 12.3.8. Stahl Polymers Launches Relca Pd 805 Matting Resin To Tackle Environmental And Supply Side Challenges

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio