The “Global Matting Agents Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026” research study offered on Decisiondatabases.com provides the growth trends and market dynamics of the global matting chemicals market. The report anticipates the global matting agents market to have a CAGR of 4% within the forecasted period from 2020-2026.
Matting agents are fine particles which when added to paints and coatings formulations are used to achieve a low-gloss and a low-sheen finish on the surface to which the paintings and coatings formulation is applied. It provides the surface with a matt finish while maintaining the soft feel of the surface. Matting effect depends upon the intensity of the light reflection and a subjective impression that is identifiable by our senses. The matting effect depends on the shape of the matting agent and particle size.
The growth in awareness for environment-friendly features and popularity of matte finishing in developed and emerging nations coupled with the growing construction industry is predicted to drive the global matting agents market during the forecast period. Also, the growing construction industry and automotive manufacturing across various regions are expected to fuel the market growth. The rapid urbanization, the growing coating industry and rising disposable incomes are some of the other driving factors pushing the growth of the global matting agents market. However, the high VOC emissions in solvent-based technology and higher film shrinkage time are the factors expected to hamper the growth of the global matting agents market during the forecast period. Furthermore, lack of the evaporation process, the presence of high solid coarse particles, the lower cure speed and inconsistency in action are further projected to hinder the growth of the market over the forecast period.
By type, wax, thermoplastics and silica are the segments of the global matting agents market where silica has been identified as the leading segment as it is natural and environmentally friendly.
By technology, water-based, solvent-based, powder coatings and radiation cure & high solids are the classifications of the global matting agents market provided in the study. Water-based has dominated the technology segment as per the study owing to its eco-friendly nature and its usage in paints & coating applications.
By applications, industrial, architectural, leather, wood and printing inks are the segments of the global matting agents market.
By geography, North America, Europe, Asia Pacific, Latin America and Middle East & Africa are the segments of the global matting agents market. Asia- Pacific has emerged as the global leader of the matting agents market owing to the presence of a vast paints & coatings industry in the region.
The report also covers the competitive landscape of the worldwide market with the company profiles of key players such as Evonik Industries, PPG Industries, Huntsman Corporation, Imerys Minerals Ltd., W.R. Grace and Company, J. M. Huber Corporation, BYK Additives & Instruments, AkzoNobel, Arkema and Lubrizol. A description of each of these profiles has been included regarding their future capacities, key mergers & acquisitions, financial overview, partnerships and new product launches & developments.
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