Global Matting Agents Market to Grow at Over 5% CAGR through 2025

A new research study titled, “Matting Agents Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025” has been added to the repository of Market Research Reports Search Engine (MRRSE). According to the report, the global matting agents market is likely to grow at a CAGR of over 5% during the assessment period 2017-2025.

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According to the report, demand for matting agents is likely to be driven by macroeconomic as well as industry-specific factors. On a macroeconomic level, the growth of the market will be bolstered by broader developments in the construction and industrial sector. Matting agents are used in coating formulations to reduce the gloss of a surface, and achieve a mat-finish in the desires shape. The recovery in the construction sector, combined with steadiness in the industrial sector are likely to provide an impetus to the growth of the market during the assessment period.

The report opines that increase in demand for wood and coil coatings will create opportunities for matting agent manufacturers. The use of mattings agents to boost product perception and receptivity among consumers is also likely to provide an impetus to growth. According to a study by California State University, haptic effects and low glare of a surface induces a positive perception among end-use consumers. End-users around the world are demanding matting agents coatings in a bid to boost product perception among end-users.

Although the outlook on the matting agents market remains positive, the growing preference for UV cure coatings is likely to dent the prospects during the assessment period. Matting agents are not compatible with UV cure coatings, as a result of which their applications are limited currently. The prospects of matting agents manufacturers can improve if innovative technologies related to compatibility of matting agents with UV cure coatings is developed.

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The report offers a detailed segment-wise analysis to inform readers of the dominant and sluggish pockets in the market. The detailed segment-wise analysis also helps readers in getting a structured and organized overview on the market. According to the report, silica matting agents remain the most lucrative on the basis of product type. It is expected that demand for silica matting agents will remain steady over the forecast period. In addition demand for water-based matting agents is steadily growing on account of their eco-friendly property.

North America and Europe are among the most lucrative markets for matting agents globally. The demand for matting agents in North America is likely to remain concentrated in the US. Some of the key companies operating in the matting agents market include Evonik Industries Ag, Axalta Coatings Systems Ltd PPG Industries, Inc., W.R. Grace & Co.-Conn, and Huntsman International LLC.

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This release was published on openPR.