Market Leader - Matting Agents Market
Matting agents are additives used in coatings, paints, and printing formulations to achieve matte finishes on surfaces. , the matting agents market is estimated to grow from USD 400 million in 2023 to USD 533 million by 2028, at a CAGR of 5.8% between 2023 and 2028, in terms of value. In 2022, Asia Pacific accounted for the largest share of 38.1%, in terms of value, of the global matting agents market, due to the high demand for the matte finish in wood coatings, leather coatings, and other industrial coatings in China, India, Indonesia, and Malaysia.
The key players in this market are Evonik Industries AG (Germany), PPG Industries, Inc. (US), Huntsman International LLC (US), Imerys S.A. (France), W. R. Grace & Co.-Conn. (US), J.M. Huber Corporation (US), ALTANA (Germany), Akzo Nobel N.V. (Netherlands), Arkema S.A. (France), and Lubrizol Corporation (US) and others. The matting agents market is witnessing growth in the past few years; new technologies drive the growth of this market. Market players are introducing new technologies and features to acquire larger market shares.
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Evonik Industries AG, also known as Evonik, manufactures specialty chemical products. It operates through five business segments: specialty additives, smart materials, , nutrition & care, performance materials, and technology & infrastructure. Evonik conducts its cosmetic antioxidants manufacturing and commercialization processes under the nutrition & care business segment. It is one of the major global suppliers of specialty chemicals. It has a strong presence in the European region and has integrated world-scale production facilities at nearly 104 locations in 27 countries. The company is focused on expansion and has been making a major investment in its production site, Marl, Germany.
PPG Industries manufactures, sells, and distributes a wide range of paints & coatings and specialty materials. The company operates its business through two segments: performance coatings and industrial coatings. These segments offer several types of coatings and specialty materials across end-use industries that include building & construction, industrial equipment and components, packaging, aircraft, automotive, and marine, among others. Matting agent products are marketed through Lo-Vel and Inhibisil brands.
Related Reports:
Matting Agents Market by Material (Silica, Waxes, Thermoplastics), Technology (Water-borne, Solvent-borne, Powder, Radiation cure & High Solids), and Application (Industrial, Architectural, Leather, Wood, Printing Inks), & Region - Global Forecast to 2028
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