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Matting Agents Market Analysis

  • Report ID: GMI7412
  • Published Date: Nov 2023
  • Report Format: PDF

Matting Agents Market Analysis

 Matting Agents Market Size, By Source, 2021 - 2032 (USD Million)

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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.

 

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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.
 

 U.S. Matting Agents Market Size, 2021- 2032 (USD Million)

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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.

Authors: Kiran Pulidindi, Kunal Ahuja

Matting Agents Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 252
  • Countries covered: 21
  • Pages: 120
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