Matting Agents Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025
Matting Agents Market: Snapshot
Matting agents are applied on coatings in numerous applications in order to achieve a durable, scratch-proof finish and color stability. The global matting agents market has become commercially important in recent years due to the rising need for solutions to protect paints and coatings from environmental contaminants in various settings. The rapid growth of the industrial sector in several regions across the world is likely to ensure smooth growth of the global matting agents market in the coming years.
By application, the global matting agents market is segmented into industrial, leather, architecture, and wood. Industrial applications are likely to dominate the global matting agents market in the coming years due to the proclivity of metal industrial instruments to rust. The economic importance of industrial equipment as well as the risk of adverse consequences of rust to workers is likely to ensure steady dominance of the industrial sector in the global matting agents market. The increasing demand for leather ware in various sectors such as furniture and automotive is also likely to lead to steady demand from the matting agents market from the leather industry.
The booming manufacturing sector in rising Asia Pacific economies is likely to ensure steady dominance of the region in the global matting agents market in the coming years. India and China are thus likely to play a key role in the development of the global matting agents market, as the two economies have stepped up their efforts to boost the respective domestic manufacturing industry and are thus likely to witness robust industrialization in the coming years. Asia Pacific is also home to a booming automotive industry, which could help enable steady demand for matting agents in leather processing.
Global Matting Agents Market: Overview
Matting agents are useful to achieve the desired matting effect, while at the same time, maintaining the performance properties of the coating including color stability, good flow, and physical and mechanical properties. There are various formulations of matting agents are available including epoxy, epoxy-polyester hybrids, and polyester-TGIC powder coating. Owing to its application for various purposes, the global matting agents market is projected for a healthy growth rate during the forecast period of 2017 to 2025.
This report on global market for matting agents is an in-depth study of all the important factors that are anticipated to influence the demand in the near future, and estimates their eventual impact. The report has been prepared using proven research methodologies and aims to serve as an asset to the buyers, helping them in making more informed business decisions. Besides overviewing the overall value chain of the matting agents market, the report also profiles a number of prominent players for their market share, product range, pricing and margin, and recent strategic decisions.
The global matting agents market can be segmented into organic or inorganic, on the basis of product. The segment of organic matting agents can be further sub-segmented into waxes and thermoplastics while inorganic segment includes silica and others. By formulation, the market can be categorized into waterborne, solventborne, powder, ultra-violet (UV), and others. By application, the market can be bifurcated into industrial, wood, leather, and architectural. The segment of industrial coatings matting agents is further sub-segmented into metals, papers, plastics, and printing inks. Geographically, the report evaluates the opportunities available in regions such as North America, Asia Pacific, Latin America, Europe, and the Middle East and Africa.
Global Matting Agents Market: Trends and Opportunities
The growth of paints and coatings sector, along with increasing application of matting agents in various industrial and agricultural fields are the primary factor driving the market. With matting agents, the surfaces can achieve properties such as resistance against scratch, weathering, and water.
By product, the segment of inorganic matting agents dominates the demand, while organic segment is expected to remain steady during the forecast period. Among inorganic segments, silica-based products serve most of the demand, owing to its applications in paints, lacqures, coatings, varnishes, inks, and plastics. By formulation, waterborne has most of the demand while by application, architectural segment leads. Matting agents provide functions such as inertness, burnish and scrub resistance, film permeability, and high brightness.
Global Matting Agents Market: Regional Outlook
Currently, Asia Pacific is the most lucrative region for matting agents market, primarily driven by thriving manufacturing sectors in countries such as China and India. Rising awareness pertaining to matting agents is only further augmenting the demand from this region. Europe, on the other hand, has been projected to grow at the best growth rate during the forecast period, owing to its applications in wood coating, industrial coating, and architectural purposes. Several prominent companies in this market are based out of Europe, which will further favor the Europe matting agents market.
Companies mentioned in the research report
Huber Engineered Materials, Evonik Industries, Deuteron, PPG, W.R. Grace & Co., and Baltimore innovations are some of the leading companies currently operational in global matting agents market. These players dominate with their customized and diverse product offerings. Although dificulties in obtaining a uniform gloss of UV coastings used to be the foremost challenge for these players, this has been considerably overcome by the development of innovative products in the recent past. In addition to that, several leading market participants are investing on modern laboratories to carry out research and development activities in order to develop advanced products.
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
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