Matting Agents Market - By Source (Organic, Inorganic), By Product (Silica, Wax-Based, Polymer-Based), By Application (Paints & Coatings, Inks, Adhesives, Plastics) End-User Industry (Automotive, Construction, Furniture, Packaging, Printing, Electronics) & Forecast, 2023 – 2032

Matting Agents Market Size

Matting Agents Market was valued at USD 400 Million in 2022 and is anticipated to grow a CAGR of over 5.8% between 2023 and 2032, driven by increasing consumer and industrial demand for matte finishes in various products, particularly in the automotive and furniture sectors.
 

Advancements in coating technologies and the need to meet stringent environmental regulations are propelling the development of innovative, eco-friendly matting agents. However, the market faces challenges such as intense competition, price sensitivity, regulatory compliance, and the need to balance product performance characteristics.

Additionally, economic conditions, supply chain disruptions, and technological obsolescence can impact market dynamics. To thrive in this market, manufacturers must continually innovate, ensure product safety, and adapt to changing consumer and industry preferences while navigating these challenges.
 

COVID-19 Impact

The COVID-19 pandemic had a mixed impact on the matting agents market. While the initial disruptions in supply chains and reduced industrial activities caused a temporary slowdown in demand, the market showed resilience due to the growing need for antimicrobial coatings and increased consumer interest in home improvement projects. As industries gradually recovered, the market experienced a rebound, driven by the continued preference for matte finishes in various applications, including furniture, electronics, and automotive components. Additionally, the pandemic underscored the importance of health and safety, potentially leading to greater awareness and adoption of environmentally friendly and low-VOC matting agents, aligning with long-term market.
 

Matting Agents Market Trends

Growing preference for matte finishes in consumer and industrial products, driving the demand for innovative and high-performance matting agents. Environmental sustainability is a prominent theme, with increasing adoption of water-based and low-VOC matting agents to meet stringent regulations. The market also sees technological advancements, resulting in improved product performance and application versatility. Additionally, the ongoing digitalization and e-commerce growth are influencing the distribution channels for matting agents, enabling better market accessibility for both manufacturers and consumers. Overall, these trends reflect a dynamic market adapting to changing consumer preferences, environmental concerns, and technological advancements.
 

Matting Agents Market Analysis

Based on Source, inorganic matting agents, typically composed of silica or precipitated silica, maintain a significant market share around 62.6% in 2022 due to their well-established presence, efficient performance, and diverse applications across various industries. While organic matting agents are showing an upward trend owing to the growing environmental consciousness, inorganic agents, being time-tested and versatile, continue to hold a substantial share in the market. Organic matting agents, often derived from natural sources, such as waxes or bio-based materials, have steadily gained traction, attributed to their eco-friendly nature and increased demand for sustainable products.

Based on product type, Silica-based matting agents, renowned for their high efficiency and broad applicability across industries like coatings and paints, maintain a significant market share, of 54.1% in 2022 due to their established reputation. Wax-based matting agents, offering unique properties and suitability for niche applications, are gaining ground, particularly in specialized coatings. Polymer-based matting agents, known for their versatility and compatibility with various formulations, are also contributing substantially to the market share.
 

Meanwhile, other materials, including bio-based options and emerging alternatives, are steadily carving out their market niche, driven by increasing demand for sustainable and innovative solutions. Overall, the matting agents market showcases a diverse landscape, with different product categories vying for their respective market shares based on their specific advantages and applications.
 

Based on application, The paints, and coatings segment commands a substantial market share, about 52% in 2022 driven by the extensive use of matting agents to achieve desired finish and performance in various end-user industries, including construction and automotive. Inks also contribute significantly, with matting agents being essential for achieving print quality and colour consistency in graphic arts and packaging. Adhesives and plastics industries, while holding notable shares, are experiencing growth as they increasingly recognize the value of matting agents in enhancing product properties. The "others" category encompasses various applications such as leather, textiles, and cosmetics, and is on the rise as matting agents find new opportunities in niche markets. Overall, the market's distribution of business share varies across applications, reflecting their distinct requirements and growth prospects.
 

Based on end user industries, The automotive industry commands a substantial share, 27% in 2022 driven by the need for high-quality finishes in both exterior and interior components. Construction and furniture industries also hold significant market shares as matting agents are essential for achieving desired aesthetics and durability. The packaging and printing sectors contribute notably, with matting agents being pivotal in enhancing the visual appeal of packaging materials and print quality. The electronics industry, while relatively smaller, is growing as matting agents find applications in coatings for electronic devices. The "others" category, including textiles, cosmetics, and leather, is on the rise, indicating matting agents' expanding presence in niche markets.
 

North America dominated the global matting agents market with a share of over 27.7% in 2022. The U.S. market benefits from a strong emphasis on product innovation and sustainability, driving demand for advanced matting agent solutions. Additionally, the presence of major manufacturers and suppliers within the region, coupled with a growing trend toward eco-friendly and low-VOC coatings, further solidify the U.S.'s position as a key player in the North American market. However, regional dynamics may vary, with Canada and Mexico also contributing to the market share, albeit to a relatively lesser extent, as the market continues to evolve and adapt to changing industry demands and environmental regulations.
 

Matting Agents Market Share

Major players operating in the matting agents industry include:

• BASF SE
• Eastman Chemical Company
• Arkema Group
• Lubrizol Corporation
• Solvay S.A.
• Deuteron GmbH

Some of the major market players operating in the matting agents industry are BASF SE, Eastman Chemical Company, Arkema Group, Lubrizol Corporation, Solvay S.A., Deuteron GmbH among others. These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.
 

Matting Agents Industry News

• In September 2020, BASF and SINOPEC formed a 50-50 joint venture to increase the manufacturing capacity of Neopentylglycol (NPG) at the state-of-the-art Verbund plant in Nanjing, China. The facility, built in 2015, had a capacity of 40,000 metric tons per year. The extension, which was completed in August 2020, extended the yearly capacity to 80,000 metric tons. The expansion boosted local production, allowing the company to meet the growing demand for eco-friendly powder coatings among Chinese consumers.
   

The Matting Agents Market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue (USD Million) & volume (Kilo Tons) from 2018 to 2032, for the following segments:

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Market, by Source

• Organic
• Inorganic

 Market, by Product

• Silica
• Wax-based
• Polymer-based
• Other materials

Market, by Application

• Paints & Coatings
• Inks
• Adhesives
• Plastics
• Others

Market, by End user

• Automotive
• Construction
• Furniture
• Packaging
• Printing
• Electronics
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Indonesia
  • Malaysia
• Latin America
  • Brazil
  • Mexico
  • Argentina
• MEA
  • South Africa
  • Saudi Arabia
  • UAE