HOME Top Market Reports Matting Agents Market by Material (Silica, Waxes, Thermoplastics), Technology (Water-Based, Solvent-Based, Radiation Cure and High Solids, Powder), Application (Industrial, Architectural, Leather, Wood, Printing Inks), Region - Global Forecast to 2022

Matting Agents Market by Material (Silica, Waxes, Thermoplastics), Technology (Water-Based, Solvent-Based, Radiation Cure and High Solids, Powder), Application (Industrial, Architectural, Leather, Wood, Printing Inks), Region - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: July 2017
Report Code: CH 5398

 

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The global matting agents market was valued at USD 448.6 Million in 2016 and is projected to reach USD 579.9 Million by 2022, at a CAGR of 4.4% from 2017 and 2022. In this study, 2016 has been considered the base year, and 2017–2022 the forecast period to estimate the market size of matting agents.

Objectives of the study:

  • To define, describe, and forecast the global matting agents market on the basis of materials, technology, application, and region
  • To evaluate the matting agents market in terms of value (USD) and volume (tons)
  • To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, industry-specific challenges, and opportunities)
  • To strategically analyze micromarkets with respect to individual growth trends, future prospects, and contribution to the total market
  • To analyze the opportunities in the market for the key players and details of the competitive landscape for the market leaders
  • To forecast the value of market segments with respect to five main regions (along with countries), namely, North America, Europe, Asia-Pacific, the Middle East & Africa, and South America    
  • To strategically profile the key players and comprehensively analyze their market shares and core competencies
  • To analyze competitive developments such as joint ventures, mergers & acquisitions, new product developments, and R&D in the matting agents market

Research Methodology:

This research study has involved the use of extensive secondary sources such as encyclopedia, directories, and databases such as Factiva, European Coatings, American Coating Association, Indian Paint and Coating Association, PCI Magazine, and various other regional government websites to identify and collect information useful for this technical, market-oriented, and commercial study of the matting agents market. Primary sources that include selected experts from related industries and selected suppliers have been interviewed to obtain and verify important information as well as to assess growth prospects.

Matting Agents Market

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Market Ecosystem:

The global matting agents manufacturers include Evonik Industries (Germany), PPG Industries (U.S.), Huntsman Corporation (U.S.), IMERYS Minerals Ltd. (France), W.R.Grace (U.S.), J. M. Huber (U.S.), BYK Additives & Instruments (Germany), AkzoNobel (Netherlands), Arkema (France), and Lubrizol Corporation (U.S.). These manufacturers focus on expanding their regional presence by undertaking strategies such as expansions, mergers & acquisitions, and new product developments.

Key Target Audience:

  • Manufacturers of matting agents and their raw materials
  • Manufacturers in application industries
  • Traders, distributors, and suppliers of matting agents
  • Regional manufacturer associations and general coating additives associations
  • Government and regional agencies and research organizations

Scope of the Report:

The matting agents market is segmented as follows:

On the basis of Material:

  • Silica
  • Waxes
  • Thermoplastics
  • Others

On the basis of Technology:

  • Water-based
  • Solvent-based
  • Radiation Cure and High Solids
  • Powder

On the basis of Application:

  • Industrial
  • Architectural
  • Leather
  • Wood
  • Printing Inks
  • Others

On the basis of Region:

  • North America
  • Europe
  • Asia-Pacific
  • Middle East & Africa
  • South America

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

  • Product Analysis

Product Matrix that gives a detailed comparison of the product portfolio of each company

  • Regional Analysis

Further breakdown of a region with respect to a particular country

  • Company Information

Detailed analysis and profiles of additional market players (up to five)

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Scope of the Study
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Research Assumptions
           2.4.1 Assumptions

3 Executive Summary (Page No. - 29)

4 Premium Insights (Page No. - 32)
    4.1 Attractive Opportunities in the Matting Agents Market
    4.2 Matting Agents Market Growth, By Region
    4.3 Matting Agents Market, 2016
    4.4 Matting Agents Market Attractiveness
    4.5 Matting Agents Market, By Technology

5 Market Overview (Page No. - 37)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Demand From End-Use Industries
                    5.2.1.2 Comparative Properties Over Glossy Finishes
           5.2.2 Restraints
                    5.2.2.1 Regulatory Policies for Solvent-Based Matting Agents
           5.2.3 Opportunities
                    5.2.3.1 Shifting Focus to Asia-Pacific
           5.2.4 Challenges
                    5.2.4.1 Difficulties in Water-Based, Radiation Cure, and Solvent-Based Coatings

6 Industry Trends (Page No. - 43)
    6.1 Porter’s Five Forces Analysis
           6.1.1 Threat of New Entrants
           6.1.2 Threat of Substitutes
           6.1.3 Bargaining Power of Suppliers
           6.1.4 Bargaining Power of Buyers
           6.1.5 Intensity of Competitive Rivalry
    6.2 Macroeconomic Overview
           6.2.1 Introduction
           6.2.2 GDP Growth Rate and Forecasts of Major Economies
           6.2.3 Trends and Forecast of Construction Industry and Its Impact on Matting Agents Market
           6.2.4 Trends and Forecast of Automotive Industry and Its Impact on Matting Agents Markets

7 Matting Agents Market, By Material (Page No. - 51)
    7.1 Introduction
    7.2 Silica
    7.3 Waxes
    7.4 Thermoplastics
    7.5 Others

8 Matting Agents Market, By Technology (Page No. - 55)
    8.1 Introduction
    8.2 Water-Based Technology
    8.3 Solvent-Based Technology
    8.4 Powder Coatings
    8.5 Radiation Cure and High Solids

9 Matting Agents Market, By Application (Page No. - 59)
    9.1 Introduction
    9.2 Industrial Coatings
           9.2.1 Automotive Coatings
           9.2.2 Can and Coil Coatings
           9.2.3 General Industrial Coatings
           9.2.4 Other Industrial Coatings
    9.3 Architectural Coatings
    9.4 Leather Coatings
    9.5 Wood Coatings
    9.6 Printing Inks
    9.7 Other Applications

10 Matting Agents Market, By Region (Page No. - 64)
     10.1 Introduction
     10.2 North America
             10.2.1 U.S.
             10.2.2 Canada
             10.2.3 Mexico
     10.3 Europe
             10.3.1 Germany
             10.3.2 U.K.
             10.3.3 France
             10.3.4 Italy
             10.3.5 Spain
             10.3.6 Netherlands
             10.3.7 Rest of Europe
     10.4 Asia-Pacific
             10.4.1 China
             10.4.2 India
             10.4.3 Japan
             10.4.4 South Korea
             10.4.5 Indonesia
             10.4.6 Vietnam
             10.4.7 Thailand
             10.4.8 Malaysia
             10.4.9 Rest of Asia-Pacific
     10.5 Middle East & Africa
             10.5.1 Saudi Arabia
             10.5.2 UAE
             10.5.3 Egypt
             10.5.4 Rest of Middle East & Africa
     10.6 South America
             10.6.1 Brazil
             10.6.2 Argentina
             10.6.3 Rest of South America

11 Competitive Landscape (Page No. - 102)
     11.1 Market Ranking
     11.2 Matting Agents Market Competitive Leadership Mapping, 2017
             11.2.1 Visionary Leaders
             11.2.2 Innovators
             11.2.3 Dynamic Differentiators
             11.2.4 Emerging Companies
     11.3 Overview
     11.4 Product Offerings (For All 25 Players)
     11.5 Business Strategy (For All 25 Players)

12 Company Profiles (Page No. - 106)
     12.1 Evonik Industries
             12.1.1 Overview
             12.1.2 Product Offerings:
             12.1.3 Product Offering Scorecard
             12.1.4 Business Strategy Scorecard
             12.1.5 Recent Developments
     12.2 PPG Industries
             12.2.1 Overview
             12.2.2 Product Offerings:
             12.2.3 Product Offering Scorecard
             12.2.4 Business Strategy Scorecard
             12.2.5 Recent Developments
     12.3 Huntsman Corporation
             12.3.1 Overview
             12.3.2 Product Offerings:
             12.3.3 Product Offering Scorecard
             12.3.4 Business Strategy Scorecard
             12.3.5 Recent Developments
     12.4 Imerys Minerals Ltd.
             12.4.1 Overview
             12.4.2 Product Offerings:
             12.4.3 Product Offering Scorecard
             12.4.4 Business Strategy Scorecard
             12.4.5 Recent Developments
     12.5 W.R. Grace and Company
             12.5.1 Overview
             12.5.2 Product Offerings:
             12.5.3 Product Offering Scorecard
             12.5.4 Business Strategy Scorecard
             12.5.5 Recent Developments
     12.6 J. M. Huber Corporation
             12.6.1 Overview
             12.6.2 Product Offerings:
             12.6.3 Product Offering Scorecard
             12.6.4 Business Strategy Scorecard
     12.7 BYK Additives & Instruments
             12.7.1 Overview
             12.7.2 Product Offerings:
             12.7.3 Product Offering Scorecard
             12.7.4 Business Strategy Scorecard
             12.7.5 Recent Developments
     12.8 Akzonobel
             12.8.1 Overview
             12.8.2 Product Offerings:
             12.8.3 Product Offering Scorecard
             12.8.4 Business Strategy Scorecard
     12.9 Arkema
             12.9.1 Overview
             12.9.2 Product Offerings:
             12.9.3 Product Offering Scorecard
             12.9.4 Business Strategy Scorecard
     12.10 Lubrizol
             12.10.1 Overview
             12.10.2 Product Offerings:
             12.10.3 Product Offering Scorecard
             12.10.4 Business Strategy Scorecard
     12.11 Allnex
             12.11.1 Overview
     12.12 PQ Corporation
             12.12.1 Overview
     12.13 Axalta Coating Systems
             12.13.1 Overview
     12.14 Michelman, Inc.
             12.14.1 Overview
     12.15 Quantum Silicones
             12.15.1 Overview
     12.16 Huebach Color
             12.16.1 Overview
     12.17 Viacor Polymer GmbH
             12.17.1 Overview
     12.18 Toyobo
             12.18.1 Overview
     12.19 Remmers AG
             12.19.1 Overview
     12.20 Dog Chemie
             12.20.1 Overview
     12.21 Thomas Swan Co. & Ltd.
             12.21.1 Overview
     12.22 Wattyl Industrial Coatings
             12.22.1 Overview
     12.23 J Color Chemicals
             12.23.1 Overview
     12.24 Dalian Fuchang Chemical Group Co., Ltd.
             12.24.1 Overview
     12.25 Deuteron GmbH
             12.25.1 Overview

13 Appendix (Page No. - 132)
     13.1 Insights of Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets Subscription Portal
     13.4 Introducing RT: Real-Time Market Intelligence
     13.5 Available Rt Snapshot
     13.6 Related Reports


List of Tables (83 Tables)

Table 1 Trends and Forecast of GDP, 2017–2021
Table 2 Matting Agents Market Size, By Material, 2015–2022 (Ton)
Table 3 Matting Agents Market Size, By Material, 2015–2022 (USD Million)
Table 4 Matting Agents Market Size, By Technology, 2015–2022 (Ton)
Table 5 Matting Agents Market Size, By Technology, 2015–2022 (USD Million)
Table 6 Matting Agents Market Size, By Application, 2015–2022 (Ton)
Table 7 Matting Agents Market Size, By Application, 2015–2022 (USD Million)
Table 8 Matting Agents Market Size, By Industrial Application, 2015–2022 (Ton)
Table 9 Matting Agents Market Size, By Industrial Application, 2015–2022 (USD Million)
Table 10 Matting Agents Market Size, By Region, 2015–2022 (Ton)
Table 11 Matting Agents Market Size, By Region, 2015–2022 (USD Million)
Table 12 North America: Matting Agents Market Size, By Country, 2015–2022 (Ton)
Table 13 North America: Matting Agents Market Size, By Country, 2015–2022(USD Million)
Table 14 North America: Matting Agents Market Size, By Application, 2015–2022 (Ton)
Table 15 North America: Matting Agents Market Size, By Application, 2015-2022 (USD Million)
Table 16 U.S.: Matting Agents Market Size, By Application, 2015–2022 (Ton)
Table 17 U.S.: Matting Agents Market Size, By Application, 2015-2022 (USD Million)
Table 18 Canada: Matting Agents Market Size, By Application, 2015-2022 (Ton)
Table 19 Canada: Matting Agents Market Size, By Application, 2015-2022 (USD Million)
Table 20 Mexico: Matting Agents Market Size, By Application, 2015-2022 (Ton)
Table 21 Mexico: Matting Agents Market Size, By Application, 2015-2022 (USD Million)
Table 22 Europe: Matting Agents Market Size, By Country, 2015-2022 (Ton)
Table 23 Europe: Matting Agents Market Size, By Country, 2015-2022 (USD Million)
Table 24 Europe: Matting Agents Market Size, By Application, 2015-2022 (Ton)
Table 25 Europe: Matting Agents Market Size, By Application, 2015-2022 (USD Million)
Table 26 Germany: Matting Agents Market Size, By Application, 2015-2022 (Ton)
Table 27 Germany: Matting Agents Market Size, By Application, 2015-2022 (USD Million)
Table 28 U.K.: Matting Agents Market Size, By Application, 2015-2022 (Ton)
Table 29 U.K.: Matting Agents Market Size, By Application, 2015-2022 (USD Million)
Table 30 France: Matting Agents Market Size, By Application, 2015-2022 (Ton)
Table 31 France: Matting Agents Market Size, By Application, 2015-2022 (USD Million)
Table 32 Italy: Matting Agents Market Size, By Application, 2015-2022 (Ton)
Table 33 Italy: Matting Agents Market Size, By Application, 2015-2022 (USD Million)
Table 34 Spain: Matting Agents Market Size, By Application, 2015-2022 (Ton)
Table 35 Spain: Matting Agents Market Size, By Application, 2015-2022 (USD Million)
Table 36 Netherlands: Matting Agents Market Size, By Application, 2015-2022 (Ton)
Table 37 Netherlands: Matting Agents Market Size, By Application, 2015-2022 (USD Million)
Table 38 Rest of Europe: Matting Agents Market Size, By Application, 2015-2022 (Ton)
Table 39 Rest of Europe: Matting Agents Market Size, By Application, 2015-2022 (USD Million)
Table 40 Asia-Pacific: Matting Agents Market Size, By Country, 2015-2022 (Ton)
Table 41 Asia-Pacific: Matting Agents Market Size, By Country, 2015-2022 (USD Million)
Table 42 Asia-Pacific: Matting Agents Market Size, By Application, 2015-2022 (Ton)
Table 43 Asia-Pacific: Matting Agents Market Size, By Application, 2015-2022 (USD Million)
Table 44 China: Matting Agents Market Size, By Application, 2015-2022 (Ton)
Table 45 China: Matting Agents Market Size, By Application, 2015-2022 (USD Million)
Table 46 India: Matting Agents Market Size, By Application, 2015-2022 (Ton)
Table 47 India: Matting Agents Market Size, By Application, 2015-2022 (USD Million)
Table 48 Japan: Matting Agents Market Size, By Application, 2015-2022 (Ton)
Table 49 Japan: Matting Agents Market Size, By Application, 2015-2022 (USD Million)
Table 50 South Korea: Matting Agents Market Size, By Application, 2015-2022 (Ton)
Table 51 South Korea: Matting Agents Market Size, By Application, 2015-2022 (USD Million)
Table 52 Indonesia: Matting Agents Market Size, By Application, 2015-2022 (Ton)
Table 53 Indonesia: Matting Agents Market Size, By Application, 2015-2022 (USD Million)
Table 54 Vietnam: Matting Agents Market Size, By Application, 2015-2022 (Ton)
Table 55 Vietnam: Matting Agents Market Size, By Application, 2015-2022 (USD Million)
Table 56 Thailand: Matting Agents Market Size, By Application, 2015-2022 (Ton)
Table 57 Thailand: Matting Agents Market Size, By Application, 2015-2022 (USD Million)
Table 58 Malaysia: Matting Agents Market Size, By Application, 2015-2022 (Ton)
Table 59 Malaysia: Matting Agents Market Size, By Application, 2015-2022 (USD Million)
Table 60 Rest of Asia-Pacific: Matting Agents Market Size, By Application, 2015-2022 (Ton)
Table 61 Rest of Asia-Pacific: Matting Agents Market Size, By Application, 2015-2022 (USD Million)
Table 62 Middle East & Africa: Matting Agents Market Size, By Country, 2015-2022 (Ton)
Table 63 Middle East & Africa: Matting Agents Market Size, By Country, 2015-2022 (USD Million)
Table 64 Middle East & Africa: Matting Agents Market Size, By Application, 2015-2022 (Ton)
Table 65 Middle East & Africa: Matting Agents Market Size, By Application, 2015-2022 (USD Million)
Table 66 Saudi Arabia: Matting Agents Market Size, By Application, 2015-2022 (Ton)
Table 67 Saudi Arabia: Matting Agents Market Size, By Application, 2015-2022 (USD Million)
Table 68 UAE: Matting Agents Market Size, By Application, 2015-2022 (Ton)
Table 69 UAE: Matting Agents Market Size, By Application, 2015-2022 (USD Million)
Table 70 Egypt: Matting Agents Market Size, By Application, 2015-2022 (Ton)
Table 71 Egypt: Matting Agents Market Size, By Application, 2015-2022 (USD Million)
Table 72 Rest of Middle East & Africa: Matting Agents Market Size, By Application, 2015-2022 (Ton)
Table 73 Rest of Middle East & Africa: Matting Agents Market Size, By Application, 2015-2022 (USD Million)
Table 74 South America: Matting Agents Market Size, By Country, 2015-2022 (Ton)
Table 75 South America: Matting Agents Market Size, By Country, 2015-2022 (USD Million)
Table 76 South America: Matting Agents Market Size, By Application, 2015-2022 (Ton)
Table 77 South America: Matting Agents Market Size, By Application, 2015-2022 (USD Million)
Table 78 Brazil: Matting Agents Market Size, By Application, 2015-2022 (Ton)
Table 79 Brazil: Matting Agents Market Size, By Application, 2015-2022 (USD Million)
Table 80 Argentina: Matting Agents Market Size, By Application, 2015-2022 (Ton)
Table 81 Argentina: Matting Agents Market Size, By Application, 2015-2022 (USD Million)
Table 82 Rest of South America: Matting Agents Market Size, By Application, 2015-2022 (Ton)
Table 83 Rest of South America: Matting Agents Market Size, By Application, 2015-2022 (USD Million)


List of Figures (39 Figures)

Figure 1 Matting Agents Market Segmentation
Figure 2 Matting Agents Market: Research Design
Figure 3 Key Insights
Figure 4 Market Size Estimation: Bottom-Up Approach
Figure 5 Market Size Estimation: Top-Down Approach
Figure 6 Matting Agents Matting Agents Market: Data Triangulation
Figure 7 Silica to Dominate the Matting Agents Market, During the Forecast Period
Figure 8 Water-Based Matting Agents to Register Higher CAGR Than Solvent-Based, During the Forecast Period
Figure 9 Architectural Coatings Application to Dominate Matting Agents Market, During Forecast Period
Figure 10 Asia-Pacific Dominated Matting Agents Market in 2016
Figure 11 Matting Agents Market to Witness Rapid Growth Between 2017 and 2022
Figure 12 Asia-Pacific to Lead the Matting Agents Market, 2017–2022
Figure 13 China Accounted for Largest Share, in Terms of Value, of the Matting Agents Market, 2016
Figure 14 Asia-Pacific to Be the Fastest-Growing Matting Agents Market Between 2017 and 2022
Figure 15 Water-Based Coatings to Account for the Largest Share in the Matting Agents Market, 2017–2022
Figure 16 Factors Governing Matting Agents Market
Figure 17 Market Size of Global Construction Industry (USD Trillion)
Figure 18 Production Volume of Automobile Across Countries (Million Unit)
Figure 19 Increase in Total Expenditure of Middle-Class Population
Figure 20 China Was the Largest Producer of Cars and Commercial Vehicles in 2016
Figure 21 Silica Expected to Dominate the Matting Agents Market, 2017 vs 2022 (USD Million)
Figure 22 Matting Agents Market Size, By Technology, 2017 vs 2022 (USD Million)
Figure 23 Architectural Application to Dominate the Matting Agents Market, 2017 vs 2022 (USD Million)
Figure 24 Regional Snapshot (2017–2022): South East Asia and India are the New Hotspots
Figure 25 Europe Market Snapshot: Architecture to Be the Largest Application of Matting Agents
Figure 26 Asia-Pacific Market Snapshot: Architecture to Be the Largest Application of Matting Agents
Figure 27 Company Ranking
Figure 28 Competitive Leadership Mapping
Figure 29 Evonik Industries: Company Snapshot
Figure 30 PPG: Company Snapshot
Figure 31 Huntsman Corporation: Company Snapshot
Figure 32 Imerys Minerals Ltd.: Company Snapshot
Figure 33 W.R. Grace and Company: Company Snapshot
Figure 34 J. M, Huber Corporation: Company Snapshot
Figure 35 BYK Additives & Instruments: Company Snapshot
Figure 36 Akzonobel: Company Snapshot
Figure 37 Arkema: Company Snapshot
Figure 38 Lubrizol: Company Snapshot
Figure 39 Appendix

The global market for matting agents is projected to reach USD 579.9 Million by 2022, at a CAGR of 4.4% during the forecast period. The global matting agents industry is witnessing growth on account of increasing applications, and increasing demand in the Asia-Pacific region, mainly from China, Japan, and India.

The matting agents market is segmented on the basis of material, technology, application, and region. In terms of material, in 2016, silica accounted for the largest share of the market globally. Silica has relatively higher efficiency as compared to other matting additives. It helps in increasing the viscosity of the formulation.  However, silica forms a sediment if stored for long, and to prevent this, silica is treated with waxes and fumed silica.

Water-based is the most commonly used technology in the coatings industry. Water-based matting agents contain up to 80% water and have small quantities of other solvents. These are used for many applications such as architectural coatings, wood coatings, plastic coatings, and other industrial coatings. The water-based technology provides high heat and abrasion resistance. Generally, wax treated or untreated silica is used in water-based systems. The solvent-based technology is preferred among manufactures owing to the low processing cost. Solvents used during the coating application process evaporate easily due to the high volatility, resulting in film shrinkage, and providing efficient matting property.

The architectural application led the matting agents market in 2016, in terms of value. Architectural coatings are applied on the interior and exterior walls of all kinds of residential, commercial, industrial, and institutional buildings. These coatings also find use in decorative interiors such as wall paintings, wood flooring, sculptures, and furniture. Matting agents used in architectural coatings increase corrosion and temperature resistance, and antiglare properties in end products. The growing popularity of the matte finish in developed nations coupled with growth in the construction industry is expected to drive the matting agents market in architectural coatings. Among all industrial applications, matting agents are majorly used in automotive coatings.

Matting Agents Market

The Asia-Pacific region (comprising China, India, Japan, South Korea, and others) accounted for the largest share of the global matting agents market in 2016. The Asia-Pacific region was the largest matting agents consumer in 2016. This growth can be attributed to rapidly increasing consumption in countries such as India, Malaysia, Indonesia, Thailand, and Vietnam for matting agents in leather coatings and architectural coatings. A steady demand for the past few years for the matte finish in furniture boosted the growth of matting agents in the Asia-Pacific region.

An increasing number of governments are adopting regulatory policies, due to which, coating additives producers are required to undertake developments in their manufacturing processes to comply with the implemented policies. Products that fail to meet legal requirements are not allowed in the countries that have strict environment regulations, especially in Western Europe and North America. This is expected to have a negative impact on the growth of the solvent-based matting agents market.

The matting agents market is highly competitive, with the presence several global players. The matting agents market is led by various players, depending upon their core competencies. Expansions and mergers & acquisitions are the major strategies that were adopted over the past three years by players in the matting agents market.

Evonik has a strong global presence, and in order to gain a greater market share, the company has invested to a high extent in the acquisitions and expansions business strategies. New products that fulfil the targeted requirements of customers are expected to benefit company growth.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

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