Global consumption of matting agents is projected to increase at a CAGR of 3.1% over the forecast period (2022-2032). As a result, the matting agents market is expected to reach a market size of around US$ 729.6 million by the end of 2032, up from US$ 537.9 million in 2022.
Demand for water-based technologies is forecasted to increase at a CAGR of 3.3% from 2022 to 2032. Government organizations’ strict VOC emissions mandate in the case of solvent-based technology has moved in favor of water-based technologies as they emit fewer volatile organic compounds.
Click Here To get a Sample Report :-https://www.factmr.com/connectus/sample?flag=S&rep_id=7480
Matting agent manufacturers are focused on specialized and broad product offerings. Although attaining a uniform gloss of UV coatings used to be the most challenging task for market players, this has been significantly addressed in recent years due to the development of innovative technologies.
Major market players are investing in modern laboratories to conduct research and development to produce new products.
For instance :
- In February 2020, Honeywell launched a range of advanced toning agents. NduroMatt is a set of three matting agents developed to improve the surface quality of a variety of architectural, timber, and industrial coatings.
Key Segments Covered in Matting Agents Industry Research
Matting Agents Market by Technology :
- Water-based Matting Agents
- Solvent-based Matting Agents
- Powder Matting Agents
- Other Technologies
Matting Agents Market by Application :
- Industrial Coatings
- Architectural Coatings
- Leather Coatings
- Wood Coatings
- Other Applications
Matting Agents Market by Region :
- North America
- Asia Pacific
- Latin America
- Middle East & Africa