This news from Technavio`s market research.
Overview of the global matting agents market
Research analysis on the global matting agents market identifies the improved surface properties of matting agents as one of the major factors that will have a positive impact on the market`s growth prospects in the coming years. Technavio`s market research analysts predict that this market will grow at a CAGR of more than 5% by 2021. Factors such as the cost-effectiveness, reduction of gloss, and resistance to weather, chemical, water, and abrasion by making structural changes in the surface drives the demand for matting agents in numerous applications such as the development of paints, coatings, leather, wood, automotive, textiles, and architectural industries. Moreover, matting agents with bigger particle size provide increased matting efficiency and mixing these with functional fillers, such as ceramic microspheres offers higher volume loadings, minimal viscosity, lower VOCs, enhanced scratch, abrasion resistance, and lesser haze to the surfaces. This will offer abundant growth opportunities to vendors in the Matting Agent market.
In terms of geographical regions, APAC will be the major revenue contributor to the matting agents market throughout the forecast period. The increasing demand from the paints and coatings industry, the rise in automotive consumption, and growth in leather export, will be the major factors driving the growth of the market in this region.
Competitive landscape and key vendors
Owing to the presence of both large and small vendors, the matting agents market appears to be quite fragmented. Many companies are developing innovative ideas to come up with new matting agents that have improved performance for various applications. Major vendors are entering the emerging markets by joint ventures or through M&A activities. Vendors are concentrating on the emerging countries and are also focusing on product innovation to develop improved performance-based products.
The leading vendors in the market are -
- Baltimore Innovations
- Evonik Industries
- Huntsman International
- PPG Industries
- W.R.Grace
The other prominent vendors in the market are Axalta Coating Systems, BASF, BYK, Deuteron, DGL Camel International, DOG Chemie, DOUBLE BOND CHEMICAL IND, Fuji Silysia Chemical, Huber Engineered Materials, Imerys, King Industries, Luan Jietonda Chemical, Michelman`s, Micro Powders, Patcham, PQ, Royal DSM, Shamrock Technologies, Shouguang Baote Chemical and Industrial, SureCrete Design Products, The Lubrizol, Thomas Swan, Toyobo, and Worlee.
Segmentation by application and analysis of the matting agents market
- Architectural coating
- Industrial coating
- Wood coating
- Leather coating
During 2016, the architectural coating segment accounted for the major shares of the matting agents market. Benefits such as inertness, film permeability control, burnish and scrub resistance, and increased brightness will increase the demand for matting agents in used in interior and exterior wall coatings, floor coatings, and roof coatings.
Segmentation by formulation and analysis of the matting agents market
- Waterborne
- Solvent borne
- Powder
- UV curable
According to this market research report, the waterborne segment will account for the maximum shares of the matting agents market until 2021. Advantages such as superior matte finishing and wetting, efficient surface roughness, chemical resistance, and high transparency, will drive the growth of the market in this segment.
Technavio also offers customization on reports based on specific client requirement.
Matting agents are additives mixed to paints and coatings to give a micro-rough texture and impression of low gloss. This upcoming market research report is an important part of Technavio`s chemicals and materials market. The upcoming research report on the global matting agents market also looks at the recent trends and development in the specialty chemicals sector. Apart from this report, Technavio offers a vast collection of research reports from the chemicals and materials industry by gathering market intelligence data such as the total market size, recent trends and developments, and extensive competitive landscaping.
Research analysts at Technavio go through a rigorous analysis of research journals, expert opinions, and client survey to oversee primary and secondary research. Qualitative and quantitative research methodologies such as vendor briefings, drivers and trend analysis, and market share and size estimate are used to accurately forecast the growth of the market to help the client in making better investment and product mix decisions.
PQ Corporation, Huber Engineered Materials, Thomas Swan & Co, Deuteron, Luan Jietonda, Evonik Industries, Huntsman International, W R Grace & Co, Baltimore Innovations, Imerys, and PPG are few of the many vendors covered in this market research report. The report also provides segment-wise data and insights using multiple segmentation criteria, giving clients specific information pertaining to lucrative and emerging market segments. The report also provides segment-wise data as per geographies by covering regions such as Europe, APAC, the Americas, and ROW. Our analysts have observed the trend of using silica-based matting agent gaining traction in the global market space. They believe that if the trend is to continue at a similar rate, the market for matting agents might experience growth.
The upcoming research report on the global matting agents market also includes industry outlook and size estimation, new industrial applications, competitive landscape, and opportunities and challenges faced by the industry. The market report also covers related sectors from chemicals and materials market such as metals and minerals, plastics, polymers, and elastomers, and glass and ceramics.
Anticorrosion Pigments, Inkjet Receptive Coating, Matting Agent
