Matting Agent Market Size, Share, Growth Analysis, By Product(Organic and inorganic), By Formulation(Waterborne, Solventborne, Powder, UV), By Region - Industry Forecast 2025-2032


Report ID: SQMIG15E2338 | Region: Global | Published Date: February, 2024
Pages: 157 |Tables: 63 |Figures: 75

Matting Agent Market Insights

Matting Agent Market size was valued at USD 0 Million in 2023 and is poised to grow from USD 0 Million in 2024 to USD 0 Million by 2032, growing at a CAGR of 4.4% during the forecast period (2025-2032).

The global matting agent market has been experiencing steady growth, driven by the increasing demand from various end-use industries such as paints and coatings, inks, and plastics. Matting agents are additives used to create a matte or dull finish in surface coatings, providing enhanced aesthetics, improved scratch resistance, and anti-blocking properties. The growing construction and automotive sectors, coupled with rising consumer preferences for low-gloss and tactile finishes, have bolstered the market's expansion. Additionally, stringent environmental regulations promoting the use of water-based and eco-friendly coatings have further spurred the adoption of matting agents. Furthermore, the continuous innovation and development of advanced matting agent technologies, including nano-matting agents, have enhanced the performance and efficiency of these additives, driving their demand across multiple industries. However, the global matting agent market faces several challenges. One significant challenge is the volatile raw material prices, which can impact the overall production cost and profitability for manufacturers. Additionally, the presence of cheaper alternatives and potential health concerns related to the use of certain matting agents may hinder their widespread adoption. Moreover, the COVID-19 pandemic has introduced uncertainties in the supply chain and dampened industrial activities, affecting the market's growth during the pandemic. Despite these challenges, the market's continuous growth is anticipated, fueled by the increasing demand for eco-friendly coatings, the expanding automotive and construction industries, and ongoing research and development efforts to address the market challenges. Manufacturers and suppliers in the matting agent market are likely to focus on product innovations, strategic partnerships, and expanding their regional presence to tap into the growing opportunities presented by various end-use industries and consumer preferences for matte finishes.

US Matting Agent Market is poised to grow at a sustainable CAGR for the next forecast year.

Market snapshot - 2024-2031

Global Market Size

USD 555.46 Million

Largest Segment

Organic

Fastest Growth

Organic

Growth Rate

4.4% CAGR

Global Matting Agent Market ($ Bn)
Country Share for Asia-pacific Region (%)

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Matting Agent Market Segmental Analysis

The global matting agent market is segmented on the basis of product, formulation, and region. By product, the market is segmented into organic matting agents and inorganic matting agents. By formulation, the market is segmented into Waterborne, Solventborne, Powder, UV, and Others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Matting Agent Market Analysis By Product

The global matting agent market can be segmented by product into two main categories: organic matting agents and inorganic matting agents. The dominant product segment in the global matting agent market is "organic matting agents." Organic matting agents are widely used due to their versatility and ability to produce consistent and uniform matte finishes in various coating applications. These agents are typically based on natural or synthetic materials, such as waxes, silica, and polymeric compounds, and are favoured for their excellent dispersion properties and ease of incorporation into coatings, inks, and plastics. The growing demand for environmentally friendly and sustainable products has further boosted the adoption of organic matting agents, as they often exhibit lower VOC (volatile organic compound) levels and align with the increasing focus on eco-friendly coatings.

The fastest-growing product segment in the global matting agent market is "inorganic matting agents." Inorganic matting agents are gaining traction due to their superior matting efficiency and improved scratch resistance compared to organic counterparts. These agents are typically based on mineral or silica-based materials and are well-suited for demanding applications in industrial coatings, automotive coatings, and high-performance plastics. As industries seek coatings with enhanced durability and abrasion resistance, the demand for inorganic matting agents has surged. Additionally, advancements in nanotechnology have led to the development of nanostructured inorganic matting agents, further propelling their growth in the market.

Matting Agent Market Analysis By Formulation

The global matting agent market can be segmented by formulation into five main categories: Waterborne, Solventborne, Powder, UV, and Others. The dominant formulation segment in the global matting agent market is "Waterborne." Waterborne formulations are widely used due to their environmental advantages, as they typically have lower VOC content and are considered more eco-friendly compared to solventborne formulations. With increasing regulatory scrutiny on VOC emissions and a growing emphasis on sustainable coatings, waterborne matting agents have gained significant traction across various industries, including paints and coatings, inks, and plastics.

The fastest-growing formulation segment in the global matting agent market is "UV" (Ultraviolet-curable). UV-curable matting agents have experienced rapid growth in recent years, mainly due to their fast curing properties and high-performance characteristics. UV-curable coatings and inks are gaining popularity in industries such as electronics, automotive, and graphic arts, where rapid curing and improved scratch resistance are critical. UV-curable matting agents offer the advantage of instant curing under UV light, enabling faster production cycles and reduced energy consumption.

Global Matting Agent Market By Product

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Matting Agent Market Regional Insights

The dominant region in the global matting agent market is Asia-Pacific (APAC). APAC has emerged as a significant market for matting agents due to the region's rapid industrialization, urbanisation, and robust growth in end-use industries such as automotive, construction, and electronics. As economies like China, India, and Southeast Asian countries continue to witness increasing consumption and production of coatings, paints, and inks, the demand for matting agents has surged. The region's dominant position is further strengthened by the presence of a large consumer base and the expansion of key industries, making it a crucial hub for matting agent manufacturers and suppliers.

The fastest-growing region in the global matting agent market is the Middle East and Africa (MEA). MEA is experiencing rapid growth in industrial activities, construction, and automotive sectors. The rising focus on aesthetics and surface finishes, coupled with the increasing adoption of eco-friendly and sustainable coatings, has driven the demand for matting agents in the region. Additionally, governments' initiatives to promote infrastructural development and investment in construction projects have created opportunities for matting agent manufacturers. As the region's economies continue to diversify and witness sustained growth, the matting agent market is expected to expand rapidly in the Middle East and Africa.

Global Matting Agent Market By Region
  • Largest
  • Fastest

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Matting Agent Market Dynamics

Matting Agent Market Drivers

Increasing Demand for Low-Gloss Finishes

  • The growing consumer preference for low-gloss and matte finishes in various end-use industries, such as automotive, furniture, and packaging, is driving the demand for matting agents. Matte surfaces offer a premium and sophisticated appearance, leading to higher adoption of matting agents in coatings, paints, and inks.

Rising Environmental Awareness

  • Stringent environmental regulations and increasing awareness of sustainability have propelled the adoption of eco-friendly and low-VOC (volatile organic compound) coatings. Matting agents, especially waterborne formulations, align with these environmental objectives, leading to their growing popularity in the market.

Matting Agent Market Restraints

Volatile Raw Material Prices

  • The matting agent market is influenced by the prices of raw materials, including silica, waxes, and polymeric compounds. Fluctuations in raw material costs can impact the overall production cost for manufacturers and may pose challenges in maintaining consistent pricing and profitability.

Health and Safety Concerns

  • Some matting agents, particularly certain inorganic formulations, may pose health and safety concerns during handling and application. Occupational exposure limits and regulatory restrictions on specific matting agents may limit their use in certain applications.

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Matting Agent Market Competitive Landscape

The global matting agent market features a competitive landscape, characterised by a diverse range of players, including manufacturers, suppliers, and distributors. These market participants compete based on product offerings, innovation, pricing, and distribution channels. The industry is driven by continuous research and development efforts to improve matting agent technologies, address environmental concerns, and meet the evolving demands of various end-use industries. The competitive nature of the market fosters collaborations and strategic partnerships between companies to enhance their product portfolios and expand their global reach.

Additionally, the increasing emphasis on sustainability and eco-friendly solutions has prompted players to focus on developing matting agents with lower VOC content and reduced environmental impact. The market's competitive dynamics are also influenced by factors such as regulations, market consolidation, and customer preferences for specific formulations and finishes. As the demand for matte and low-gloss coatings continues to rise across industries like automotive, construction, and furniture, companies are expected to invest in product innovation and marketing strategies to gain a competitive edge in the global matting agent market.

Matting Agent Market Top Player’s Company Profile

  • Evonik Industries AG
  • W. R. Grace & Co.
  • PPG Industries, Inc.
  • BYK-Chemie GmbH (A division of ALTANA AG)
  • Imerys Group
  • Huber Engineered Materials (A J.M. Huber Company)
  • Akzo Nobel N.V.
  • Lubrizol Corporation (A subsidiary of Berkshire Hathaway)
  • Deuteron GmbH
  • Imerys Minerals Ltd.
  • Mitsui Chemicals, Inc.
  • Arkema S.A.
  • J. M. Huber Corporation
  • Solvay S.A.
  • Sherwin-Williams Company
  • Axalta Coating Systems Ltd.
  • Croda International Plc
  • Clariant AG
  • BASF SE
  • Dow Inc.

Matting Agent Market Recent Developments

  • In November 2022, Evonik Industries announced the launch of its new ACEMATT OK 390, ACEMATT HK 390, and ACEMATT HK 520 matting agents. These matting agents are based on precipitated silica and are designed to provide improved matting performance in a variety of applications.

Matting Agent Key Market Trends

  • Increasing Demand for Matte Finishes: The growing consumer preference for matte finishes in various industries, such as automotive, electronics, and furniture, is driving the demand for matting agents. Matte surfaces offer a sophisticated and premium appearance, and they have become popular among consumers seeking a low-gloss and tactile feel in their products.
  • Focus on Environmentally Friendly Solutions: With increasing environmental awareness and stringent regulations on VOC emissions, there is a rising demand for environmentally friendly and low-VOC coatings. Matting agents, especially waterborne formulations, are favoured for their eco-friendly attributes, making them a preferred choice in the global market.

Matting Agent Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our global matting agent market analysis, Asia-Pacific dominates the global market and MEA exhibits the fastest growth. The global matting agent market has witnessed substantial growth and transformation, driven by the increasing demand for matte and low-gloss finishes across various industries. Consumers' preferences for sophisticated and tactile aesthetics have fueled the adoption of matting agents in coatings, paints, and inks, resulting in improved surface appearance and enhanced product value. The market's momentum is further accelerated by the rising environmental consciousness and stringent regulations on VOC emissions, which have led to a growing focus on eco-friendly and low-VOC formulations, particularly waterborne matting agents.

Additionally, advancements in nanotechnology have ushered in a new era of nanostructured matting agents, offering enhanced performance and efficiency in surface coatings. The market has seen a surge in customised and specialised formulations tailored to meet the unique requirements of different end-use industries, such as automotive and industrial coatings. As emerging economies witness industrial growth and urbanisation, the demand for coatings and matting agents in these regions is on the rise. Strategic partnerships, product innovation, and technological integration have become key strategies for companies to maintain a competitive edge and expand their market presence. With continued research and development efforts to address market trends and customer demands, the global matting agent market is expected to exhibit steady growth, offering opportunities for sustainable and aesthetically pleasing surface solutions in diverse applications.

Report Metric Details
Market size value in 2023 USD 555.46 Million
Market size value in 2031 USD 818.38 Million
Growth Rate 4.4%
Forecast period 2024-2031
Forecast Unit (Value) USD Million
Segments covered
  • Product
    • Organic and inorganic
  • Formulation
    • Waterborne, Solventborne, Powder, UV, and Others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Evonik Industries AG
  • W. R. Grace & Co.
  • PPG Industries, Inc.
  • BYK-Chemie GmbH (A division of ALTANA AG)
  • Imerys Group
  • Huber Engineered Materials (A J.M. Huber Company)
  • Akzo Nobel N.V.
  • Lubrizol Corporation (A subsidiary of Berkshire Hathaway)
  • Deuteron GmbH
  • Imerys Minerals Ltd.
  • Mitsui Chemicals, Inc.
  • Arkema S.A.
  • J. M. Huber Corporation
  • Solvay S.A.
  • Sherwin-Williams Company
  • Axalta Coating Systems Ltd.
  • Croda International Plc
  • Clariant AG
  • BASF SE
  • Dow Inc.
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Matting Agent Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Matting Agent Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Matting Agent Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Matting Agent Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Matting Agent Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Matting Agent Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Matting Agent Market size was valued at USD 555.46 Million in 2021 and is poised to grow from USD 579.9 Million in 2022 to USD 818.38 Million by 2030, at a CAGR of 4.4% during the forecast period (2023-2030).

The matting agent market features a competitive landscape, characterised by a diverse range of players, including manufacturers, suppliers, and distributors. These market participants compete based on product offerings, innovation, pricing, and distribution channels. The industry is driven by continuous research and development efforts to improve matting agent technologies, address environmental concerns, and meet the evolving demands of various end-use industries. The competitive nature of the market fosters collaborations and strategic partnerships between companies to enhance their product portfolios and expand their reach. 'Evonik Industries AG', 'W. R. Grace & Co.', 'PPG Industries, Inc.', 'BYK-Chemie GmbH (A division of ALTANA AG)', 'Imerys Group', 'Huber Engineered Materials (A J.M. Huber Company)', 'Akzo Nobel N.V.', 'Lubrizol Corporation (A subsidiary of Berkshire Hathaway)', 'Deuteron GmbH', 'Imerys Minerals Ltd.', 'Mitsui Chemicals, Inc.', 'Arkema S.A.', 'J. M. Huber Corporation', 'Solvay S.A.', 'Sherwin-Williams Company', 'Axalta Coating Systems Ltd.', 'Croda International Plc', 'Clariant AG', 'BASF SE', 'Dow Inc.'

The growing consumer preference for low-gloss and matte finishes in various end-use industries, such as automotive, furniture, and packaging, is driving the demand for matting agents. Matte surfaces offer a premium and sophisticated appearance, leading to higher adoption of matting agents in coatings, paints, and inks.

Increasing Demand for Matte Finishes: The growing consumer preference for matte finishes in various industries, such as automotive, electronics, and furniture, is driving the demand for matting agents. Matte surfaces offer a sophisticated and premium appearance, and they have become popular among consumers seeking a low-gloss and tactile feel in their products.

The dominant region in the matting agent market is Asia-Pacific (APAC). APAC has emerged as a significant market for matting agents due to the region's rapid industrialization, urbanisation, and robust growth in end-use industries such as automotive, construction, and electronics. As economies like China, India, and Southeast Asian countries continue to witness increasing consumption and production of coatings, paints, and inks, the demand for matting agents has surged. The region's dominant position is further strengthened by the presence of a large consumer base and the expansion of key industries, making it a crucial hub for matting agent manufacturers and suppliers.

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Matting Agent Market

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