Analysis of Matting Agents market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Global consumption of matting agents is projected to increase at a CAGR of 3.1% over the forecast period (2022-2032). As a result, the matting agents market is expected to reach a market size of around US$ 729.6 million by the end of 2032, up from US$ 537.9 million in 2022.
Demand for water-based technologies is forecasted to increase at a CAGR of 3.3% from 2022 to 2032. Government organizations’ strict VOC emissions mandate in the case of solvent-based technology has moved in favor of water-based technologies as they emit fewer volatile organic compounds.
Matting Agents Market Size (2022)
US$ 537.9 Million
Projected Year Value (2032)
US$ 729.6 Million
Global Market Growth Rate (2022-2032)
Europe Market Share (2022)
Key Companies Profiled
Matting agents are additives that help paints and coatings function better. They make a surface that is micro-rough. This makes it easier to diffusely reflect incident light, giving it a low-gloss appearance. The particles are spread uniformly throughout the film.
The global matting agents market is expected to create an absolute dollar opportunity of US$ 191.7 million from 2022 to 2032.
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“Rapid Deployment of Matting Agents to Improve Antireflective Coating Qualities of Finished Items”
According to Fact.MR- market research and competitive intelligence provider- demand for matting agents rose at a CAGR of 3% from 2017 to 2021.
Matting is a thick, rough, and durable substance that is used to cover floors. When compared to matting agents with greater particle sizes, matting agents with smaller particle sizes usually have a reduced matting effect. Waxes, silica, and organic substances are commonly used as matting agents. The silica gel procedure and the hydrothermal technique are both used to make silica-based matting agents.
Wax-based matting agents are made of polypropylene and polyethylene compounds. Matting agent coatings improve the antireflective coating qualities of finished items. Anti-corrosive agents provide heat and corrosion resistance. Producers of matting agents are primarily concerned with reducing the amount of organic solvent in paint and coatings.
The automotive industry was a pioneer in the application of increasingly innovative coatings. Matte paint finishes, which are known for their flat, non-reflective looks and sandy, gritty textures, have become a popular aspect of the automobile scene.
Matting agents, when used in a coating, support the diffusion of light in a specified sequence, resulting in a beautiful, noble-looking matted surface. They improve the haptic properties of the surface and give it a smooth feel. As a result, the growing importance of matte-finished items among customers is expected to increase demand for matting agents over the coming years.
Consumption of matting agents across the world is projected to rise at a CAGR of 3.1% from 2022 to 2032.
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“Growing Preference for UV Cure Coatings & Shift to Eco-friendly Matting Agents”
UV cure coatings have seen a substantial increase in demand in recent years. Cycle times, cost efficiency, and emissions of volatile organic compounds are all important considerations when selecting coatings for any application (VOC).
Due to the use of UV cure coatings, cycle durations are decreased to a larger extent, with increased cost efficiency and minimal VOC emissions. UV cure coatings are also versatile, allowing them to be used in a variety of applications. As a result, UV cure coatings are chosen over their alternatives.
Diatomaceous earth, a naturally existing element, is gaining popularity as a matting agent base material. Diatomaceous earth is used in paints and coatings formulas to help lower the overall cost of the product. It also contributes to a 30% reduction in synthetic silica content.
Use of diatomaceous earth in the production of matting agents aids the development of a low-cost, environmentally friendly alternative to its counterparts. These market dynamics are providing excellent opportunities for matting agent providers.
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“High VOC Emissions in Solvent-based Technology & Presence of Substitutes”
When inorganic particle matting agents are applied with PVC polymers, protuberances appear on the substrate's surface. This reduces the surface's impact resistance qualities, restricting its uses and impeding the matting agents market's predicted growth.
Furthermore, the cost of matte finish coatings is higher than that of normal coatings, limiting the growth of the matting agents market.
Lack of raw material demand, strict regulatory environmental laws on end-use sectors, and supply due to price tightness and volatility will all represent substantial challenges to the market growth.
Market growth is being hampered by high costs connected with research and development capabilities, growing import and export tariffs, and rigorous global trade prohibitions. The widespread availability of substitutes is hampering the sales of matting agents.
Environmental standards are a significant consideration for paint and coatings formulators. Regulatory concerns are quite important when choosing a product. The solvent-based method utilized to make a matting agent causes a lot of volatile organic compounds to be released.
These chemicals are hazardous to human health as well as the environment. It can irritate the eyes, nose, and throat, as well as induce migraines, lack of coordination, nausea, and a variety of other health problems.
In addition, the lack of an evaporation process and the existence of large solid coarse particles are expected to stymie the market expansion over the forecast period. The lowered rate of cure and inconsistency in action is projected to hamper the market size of matting agents.
“Rapid Expansion of Coatings Industry in North America”
North America accounts for 33.3% share of the global matting agents market, attributed to the developed coating industry and strong appeal for matte surfaces.
Growing usage of matting agents for paints, plastics, and epoxy resins, rising demand for inorganic particulate matting agents, and increasing thermoplastic matting agent sales are driving the market growth in North America.
The existence of key industry players, as well as growing preference for areas such as construction, wood cladding, and industrial cladding, are all contributing to the market growth in the region.
“Rising Sales of Silica Matting Agents Driving Market Expansion”
The U.S. matting agents market is projected to expand at a CAGR of 2.9% from 2022 to 2032. Environmental rules enacted in the United States are projected to result in the development of several novel matting agents used in radiation-cursed coatings.
Rapid industrialization, increasing adoption of matting agents for powder coatings, polyurethane, and oil-based paint, and growing demand for organic & inorganic matting agents are the factors driving the market growth in the U.S.
Rising sales of silica matting agents, growing awareness regarding matting agents, a well-established chemical industry, and rising demand by the transportation industry driving the market growth in the U.S.
“Rising Government Investments for Residential & Commercial Construction Activities”
The market in China is anticipated to rise at a CAGR of 4% over the forecast period. China is likely to see the fastest growth in construction activities over the coming years. The government has been increasing expenditures to build inexpensive adequate housing to meet rising housing requirements.
Massive investments by the government in rail and road infrastructure to support the rising industrial and service sectors have resulted in significant growth in the construction industry in recent years. The market expansion in China is being driven by an increase in research and development activities, attractive prices supplied by manufacturers, government investment plans to support industrial growth, ample raw material availability, and increased investments by prominent manufacturers.
“Water-based Technology More Preferred Due to Its Growing Usage in Various Coatings”
Based on technology, the market is segmented into water-based, solvent-based, powder, and other technologies. Water-based technology accounts for 43.8% of the global matting agents market.
In the coatings sector, water-based coating technology is well-known and preferred. Water-based matting agents are mainly composed of up to 80% water and a minor amount of additional solvents. Decorative coatings, hardwood coatings, polymer coatings, and various industrial coatings are all examples of these.
High thermal and wear resistance is provided by water-based technology. In most water-based systems, wax-treated or untreated silica is employed.
“Rising Need for Low-gloss Finishing in Industrial Coatings”
By application, the market can be classified into industrial coatings, architectural coatings, leather coatings, wood coatings, and other applications. Industrial coatings account for 32.2% share of the global matting agents market.
Matting agents are utilized in many industrial applications, including colorants, alloys, sheets, and polymers. The growing need for matting agents in various coating formulations, particularly in wood and coil coating formulations, is expected to be fueled by changing customer preferences for matt finishes and the rise of end-user industries such as automotive and construction.
The need for a low-gloss surface and anti-glare qualities in industrial applications where a high-gloss finish causes a distraction for operators has increased the demand for matting agents in the industrial coatings sector.
A low-gloss finish is ideal, especially on factory shop floors where there is a lot of machine operation. As a result, the demand for matting agents in the industrial coatings segment is steadily increasing, to enhance the surface qualities and produce the intended finish on the objects that are coated with matting agents.
Matting agent manufacturers are focused on specialized and broad product offerings. Although attaining a uniform gloss of UV coatings used to be the most challenging task for market players, this has been significantly addressed in recent years due to the development of innovative technologies.
Major market players are investing in modern laboratories to conduct research and development to produce new products.
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The global matting agents market was valued at US$ 523.9 million in 2021.
The Japan matting agents market is projected to rise at 4.1% CAGR through 2032.
The global matting agents market is set to reach US$ 729.6 million by the end of 2032.
The U.S., Brazil, Mexico, China, and Germany account for the most demand for matting agents.
The Lubrizol Corporation, Huntsman International LLC, PQ Corporation, Akzo Nobel N.V., and Arkema Group are key suppliers of matting agents.
North America accounts for 33.3% share of the global matting agents market.
The matting agents market is anticipated to expand at 3.1% CAGR during the forecast period (2022-2032).
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