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.
PPG Industries Inc.
Silica Mats Global
Huber Engineered Materials
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:
By Application Outlook:
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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