Matting Agents Market Insights, Growth, Revenue and Forecast to 2025 “The factors that propel the growth of the Matting Agent Market include rise in the disposable income, rapid urbanization, rising acceptance among consumers, growing coating industry, and environmentfriendly features.”
Global Matting Agents Market is anticipated to reach USD 1.05 billion by 2025. A matting agent implies an additive that helps to give matte finishing to the substrates. Matting agents are added to the paints, coatings, and inks that scatter the inward light eventually delivering a matte finish to the substrates. The factors that propel the growth of the Matting Agent Market include rise in the disposable income, rapid urbanization, rising acceptance among consumers, growing coating industry, and environment-friendly features. On the other hand, there are factors that may hamper the growth of the market including higher film shrinkage time and emission of high VOC in solvent-based technology. The industry is anticipated to grow at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe. Advances in the coatings industry have led to the surge in the applications of soft touch coatings in consumer electronics, automotive, and packaging industry. Owing to this, numerous matting agents are being established in order to surge stain resistance characteristics of soft touch coatings. Furthermore, novel matting agents for radiation curing coatings are anticipated to be proposed in the market in the forecast period. Matting Agents industry may be explored by product type, application, formulations and geography. The market may be explored by product type as Inorganic may further include Silica and Others and Organic may further include Thermoplastics and Waxes. The “Inorganic” segment led the Matting Agents Market in 2016 and is anticipated to maintain its dominance by 2025. Amidst inorganic matting agents demand, “Silica-based products” occupied a foremost share. The factors that could be attributed to the growth include high-quality matte finishing and eco-friendly nature.
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