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