Matting Agents Market Size Worth $710.38 Million By 2032 | CAGR: 5.9%

The global matting agents market size is expected to reach USD 710.38 million by 2032, according to a new study by Polaris Market Research. The report “Matting Agents Market Share, Size, Trends, Industry Analysis Report, By Material (Silica, Thermoplastic, Wax-based, and Others); By Source; By Technology; By Application; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth

Growing demand for matte finishes in various industries such as construction, automotive and consumer electronics is driving the market. Moreover, the benefits associated with the use of matte finishes including scratch resistance, minimal maintenance, and less reflection of light is contributing to the growth market. For instance, Deuteron GmbH’s matting agents provide various benefits such as low influence on the viscosity, high resistance to scratch & polish, and low dust tendency.

Moreover, the matte finish cars is one of the major trends in the automotive industry owing to which a large number of automobile manufacturers are focused towards the production of matte finish cars. For instance, according to a news published by the Times of India (TOI) in January 2023, Maruti Suzuki showcased a new matte black-colored Grand Vitara at Auto Expo 2023.

The expansion of the market is also driven by the growth of building and construction sector and growing need for matte finishes in construction industry. Matte finishes provides advantages such as resistance to corrosion, concealment of scratches & blemishes, and temperature resistance. Such benefits coupled with the constantly growing construction sector increases the demand for matting agents. For instance, according to a blog by DANA STEEL, the Matte Finish Pre-painted Galvanized Iron (PPGI) can withstand the harsh and climatic conditions of Africa, thereby spurring the demand for matting agents from African construction industry.

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The growing preference for the matte finish products by the buyers is encouraging the manufacturers from many industries to launch matte-based products. This is stimulating the matting agent manufacturers to launch new products and increase their production capacities to meet the growing demand from consumers. For instance, in October 2022, Evonik Industries expanded production of its ACEMATT matting agents at its facility in Taiwan. Such strategic initiatives to fulfil the increased demand of matting agents will strengthen the market growth in the upcoming years. 

Matting Agents Market Report Highlights

• The silica segment accounted for the largest market share, owing to its increasing use in automotive paints and coatings.
• Organic segment to register the significant growth, owing to its environment-friendly nature and superior dispersion properties.
• Water-borne segment held the highest market share, owing to the lower levels of VOCs produced by them.
• The coatings segment dominated the market, owing to the high demand for matting agents from construction industry.
• Asia Pacific accounted for the largest market share, owing to the growing demand for matte finish from construction, consumer electronics and automotive industries.
• The market players include Arkema, Axalta Coating Systems, BASF, Deuteron, Evonik Industries, Imerys, PPG Industries, W. R. Grace & Co.

Polaris Market Research has segmented the matting agents market report based on material, source, technology, application and region:

Matting Agents, Material Outlook (Revenue - USD Million, 2019 - 2032)

• Silica
• Thermoplastic
• Wax-based
• Others

Matting Agents, Source Outlook (Revenue - USD Million, 2019 - 2032)

• Organic
• Inorganic

Matting Agents, Technology Outlook (Revenue - USD Million, 2019 - 2032)

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

Matting Agents, Application Outlook (Revenue - USD Million, 2019 - 2032)

• Coatings
  • Architectural Coatings
  • Automotive Coatings
  • Industrial Coatings
  • Wood Coatings
  • Other Coatings
• Printing Inks
• Others

Matting Agents, Regional Outlook (Revenue - USD Million, 2019 - 2032)

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
• Latin America
  • Argentina
  • Brazil
  • Mexico
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Matting Agents Market Report Scope