CHICAGO, Oct. 18, 2023 /PRNewswire/ -- The report "Matting Agents Market by Material (Silica, Waxes, Thermoplastics), Technology (Water-borne, Solvent-borne, Powder, Radiation cure & High Solids), and Application (Industrial, Architectural, Leather, Wood, Printing Inks), & Region - Global Forecast to 2028", size was USD 400 million in 2023 and is projected to reach USD 533 million by 2028, at a CAGR of 5.8%, between 2023 and 2028.
Matting agents are surface modifiers used as additives in paints & coatings, printing inks, plastics, and other industries. They increase resistance to corrosion and scratches in coatings. These agents are used in architectural, wood, and leather coatings and other industrial applications such as automotive, marine, aerospace, protective, and coil coatings. These coatings have cleanability, surface sensitivity, and haptic qualities. Matting agents used in architectural paints and coatings are used for interior and exterior walls of houses and commercial buildings to provide the antiglare effect.
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Silica source segment to account for larger share in the matting agents market in 2022.
Silica is the most-used matting additive in the industry as it provides relatively higher efficiency than other matting additives. Wax additives in coatings not only decrease gloss but also increase slip resistance. Wax additives also act as anti-blocking and anti-settling agents. Fillers used as matting agents also increase the volume of pigment concentration. Organic matting agents are used to improve the temperature stability of coatings, which are also easy to disperse.
Water-borne to lead matting agents' market during the forecast period.
In water-based technology, highly porous silica matting agents absorb water, extracting it from the dispersed coating, which results in the improper coagulation of the coating. The surface of the substrate which is to be matted is pre-wetted to avoid such instances. Stringent government regulations requiring the manufacture of environmentally friendly products in developed countries have led to increased investments by manufacturers of matting agents in developing alternatives that meet the required regulatory standards.
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Architectural segment to account for the larger share of the matting agent's market in 2022.
Matting agents used in architectural coatings help increase corrosion and temperature resistance, and antiglare properties in end products. They play a crucial role in achieving the desired appearance, texture, and functionality of a surface. The primary purpose of using matting agents is to reduce gloss or shine, creating a matte or satin finish. This can be important for both aesthetic and practical reasons in architectural design and applications.
Asia Pacific is expected to be the fastest-growing region, in the overall matting agents' market, during the forecast period.
The paints & coatings industry is rapidly expanding, owing to the emerging economies, and increasing middle-class populations in the Asia Pacific region. Countries such as China, India, Malaysia, Indonesia, and Thailand are spending on the construction of residential and commercial buildings, leading to the growing demand for matting agents. Owing to the huge growth potential, India is projected to be the fastest-growing matting agents' market during the forecast period, followed by Vietnam, Indonesia, and Malaysia in terms of volume.
The key players profiled in the report include Evonik Industries AG (Germany), PPG Industries, Inc. (US), Huntsman International LLC (US), Imerys S.A. (France), W. R. Grace & Co.-Conn. (US), J.M. Huber Corporation (US), ALTANA (Germany), Akzo Nobel N.V. (Netherlands), Arkema S.A. (France), and Lubrizol Corporation (US).
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