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Matting Agents MarketInsights, Size, Growth, Opportunity, Share, Top Players, Graph, Segmentation and Forecast to 2028

05-13-2024 11:00 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: ABNewswire

Browse 257 market data Tables and 56 Figures spread through 247 Pages and in-depth TOC on "Matting Agents Market"

Browse 257 market data Tables and 56 Figures spread through 247 Pages and in-depth TOC on "Matting Agents Market"

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
Matting agents are additives used in coatings, paints, and printing formulations to achieve matte finishes on surfaces. The matting agents market [https://www.marketsandmarkets.com/Market-Reports/matting-agent-market-179252636.html] 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.

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The key players in the Matting agents [https://www.marketsandmarkets.com/Market-Reports/matting-agent-market-179252636.html] 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.

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.

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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.

The paints and coatings industry is experiencing rapid growth, fueled by the emergence of economies and the expanding middle-class populations in the Asia Pacific region. Countries like China, India, Malaysia, Indonesia, and Thailand are investing in residential and commercial construction projects, driving the increased demand for matting agents. India is expected to lead the matting agents market's growth during the forecast period, with Vietnam, Indonesia, and Malaysia following closely in terms of volume, owing to their significant growth potential.

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About MarketsandMarkets Trademark

MarketsandMarkets Trademark has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets Trademark is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore Trademark (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

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Company Name: MarketsandMarkets Trademark Research Private Ltd.
Contact Person: Mr. Aashish Mehra
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