Global matting agents market to valued at US$540 mn during 2016


Posted October 30, 2018 by rakeshkhandare

Based on technology, the matting agents markets can be categorized into water-based, solvent-based and other technologies. Diatomaceous earth, a naturally occurring mineral is gaining importance as the base material.

 
Matting agents market 

The global matting agents market has been witnessing continuous technology and product development by the market players. According to a report by Transparency Market Research, the market for matting agents will experience expansion of product portfolio. The manufacturers are focusing on developing new strategies to increase the diversification of the market. Some of the leading companies in the market are Akzo Nobel N.V., The Lubrizol Corporation, Axalta Coatings Systems LTD., Huntsman International LLC, PPG Industries, Inc., W.R. Grace & Co., and Evonik Industries Ag.

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The global matting agents market is anticipated to rise at a CAGR of 5% during the forecast period of 2017 to 2025. The market was valued at US$540 mn during 2016 and is expected to rise during the forecast period. According to technology, water based matting agents leading the market and is expected to increase by the end of 2026. Asia pacific held the larger share in the market during 2016 by holding 25% of the total share. This region is expected to rise during the forecast period due to rise in infrastructural and economic development in countries such as India, Indonesia, China, and Vietnam.

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Rise in Architectural Coating to Increase Demand for Matting Agents in the Market
Matting agents are increasing in demand due to rise in demand for coil and wood coatings. These are the major applications of matting agents market. Matting agents have also increased demand in architectural and industrial coatings. Properties of matting agent is to provide matt finish along with soft feel. They also improve the properties of the surface, mar resistance, and slip of the material they are applied on. Matting agents are gaining popularity due to consumer’s demand for soft feel or haptic effects.
Matting agents improve the desirability of architectural coating by improving its rub, scuff, and slip resistance in architectural coating. Thus the demand for matting agents are gaining popularity in the market. The demand for matting agents are rising due to increased architectural and industrial coating.

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Issued By TMR
Country India
Categories Business
Last Updated October 30, 2018