The global Matting Agent Market size was USD 530.31 million in 2022 and is expected to reach USD 836.90 million in 2032, and register a revenue CAGR of 5.2% during the forecast period. The demand for environmentally friendly coatings, the expansion of automotive and construction industries, and rising demand for high-quality coatings with improved matting efficiency are major factors driving the market revenue growth.
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Top Leading Players:
Some of the major players in the market include:
- Evonik Industries AG
- W.R. Grace Co.
- Imerys S.A.
- PQ Corporation
- Deuteron GmbH
- PPG Industries Inc.
- Silica Mats Global
- Huber Engineered Materials
- Arkema SA
- J.M. Huber Corporation
Matting Agent Market Growth and Demand:
Some factors that were contributing to the growth and demand of the silica-based matting agent market include:
- Increasing Use in Architectural Coatings: The construction industry's growth and the rising demand for architectural coatings were driving the need for silica-based matting agents. Consumers were seeking more elegant and low-gloss finishes for their interior and exterior surfaces, boosting the demand for these matting agents in the paints and coatings sector.
- Expanding Automotive Industry: Silica-based matting agents were being used in automotive coatings to achieve a high-quality, non-glossy finish on car interiors and exteriors. The growing automotive industry in various regions was supporting the demand for these agents.
- Rising Interest in Eco-friendly Products: Silica-based matting agents are considered more environmentally friendly compared to traditional matting agents containing heavy metals. As environmental concerns continued to grow, manufacturers and consumers were showing a preference for sustainable and eco-friendly products, further boosting the demand for silica-based alternatives.
- Technological Advancements: Advancements in material science and manufacturing processes were leading to the development of high-performance silica-based matting agents. These innovations were improving the efficiency and effectiveness of these agents, leading to their increased adoption in various industries.
Key questions covered in the global Silica-Based Matting Agent Market report:
- What is the expected market size of the global Silica-Based Matting Agent Market during the forecast period?
- What factors are expected to hamper global Silica-Based Matting Agent Market growth over the forecast period?
- What key factors are expected to drive global revenue growth between 2021 and 2028?
- Which application segment is expected to dominate other application segments over the forecast period?
- Which region is expected to dominate in terms of revenue during the forecast period?
- What are the key outcomes of Porter’s Five Forces analysis and SWOT analysis?
- Which leading players are operating in the global Polyvinyl Alcohol market?
Segments covered in the report:
By Product Type Outlook:
- Spherical
- Crystalline
- Others
By Application Outlook:
- Coatings
- Paints
- Inks
- Plastics
- Others
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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