Global Matting Agents Market Size Study, By Product (Organic, Inorganic), By Formulation (Waterborne, Solventborne, Powder, UV/EB), By Application (Industrial Coatings, Architectural, Others), and Regional Forecasts 2022-2032

Description

The global matting agents market, valued at USD 894.2 million in 2023, is projected to grow at a robust CAGR of 6.2% during the forecast period 2024-2032. This growth is driven by rising demand in automotive, construction, and industrial coatings applications. Increasing consumer preference for matte finishes, combined with regulatory emphasis on eco-friendly formulations, has further propelled market growth. Additionally, technological advancements in matting agent formulations have enabled the development of efficient, low-VOC, and high-performance solutions.

Inorganic matting agents, such as silica and talc, dominated the product segment in 2023, capturing 66% of the market share due to their stability, performance, and resistance characteristics. Meanwhile, organic matting agents are expected to register significant growth as industries pivot towards environmentally sustainable alternatives. Global Matting Agents Market

Waterborne formulations led the market with a revenue share of 53% in 2023, favored for their reduced environmental impact, ease of application, and compatibility with multiple resin systems. Additionally, the powder segment is projected to witness the fastest growth due to its versatility, long shelf life, and reduced logistical challenges.

Architectural applications accounted for the largest revenue share of 40.8% in 2023, driven by urbanization and construction growth in developing economies. The industrial coatings segment is expected to grow rapidly, propelled by the automotive sector's demand for matte finishes and stringent environmental regulations.

Regionally, the Asia Pacific dominated the market with a 38.6% revenue share in 2023, fueled by rapid industrialization in countries such as China and India. North America and Europe also represent significant markets, with an increasing focus on research, innovation, and regulatory compliance.

Major market players included in this report are:

Evonik
Baltimore Innovations Ltd.
W. R. Grace & Co.-Conn.
Imerys
PQ Corporation
Huber Engineered Materials
Huntsman International LLC
Deuteron GmbH
Lu'An Jietonda New Material Co., Ltd.
Thomas Swan & Co. Ltd.
PPG Industries, Inc.

The detailed segments and sub-segments of the market are explained below:

By Product:

Organic
Inorganic

By Formulation:

Waterborne
Solventborne
Powder
UV/EB

By Application:

Industrial Coatings
Wood Coatings
Leather Coatings
Architectural
Others

By Region:

North America:

U.S.
Canada
Mexico

Europe:

UK
Germany
France

Asia Pacific:

China
India

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Revenue forecasts for each segment and region through 2032.
Competitive analysis of key players.
Technological advancements and regulatory trends influencing market dynamics.

Chapter 1. Global Matting Agents Market Executive Summary

1.1. Global Matting Agents Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Product
- 1.3.2. By Formulation
- 1.3.3. By Application
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Matting Agents Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Matting Agents Market Dynamics

3.1. Market Drivers
- 3.1.1. Growing Demand for Matte Finishes in Automotive and Construction
- 3.1.2. Advancements in Sustainable and Low-VOC Matting Agents
- 3.1.3. Expansion of Paints and Coatings Industry
3.2. Market Challenges
- 3.2.1. High Costs of Advanced Formulations
- 3.2.2. Regulatory Constraints in Emerging Markets
3.3. Market Opportunities
- 3.3.1. Technological Innovations in Matting Agent Development
- 3.3.2. Increased Adoption in Developing Economies

Chapter 4. Global Matting Agents Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economic
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunity
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Matting Agents Market Size & Forecasts by Product 2022-2032

5.1. Segment Dashboard
5.2. Global Matting Agents Market: Product Revenue Trend Analysis, 2022-2032 (USD Million)
- 5.2.1. Organic
- 5.2.2. Inorganic

Chapter 6. Global Matting Agents Market Size & Forecasts by Formulation 2022-2032

6.1. Segment Dashboard
6.2. Global Matting Agents Market: Formulation Revenue Trend Analysis, 2022-2032 (USD Million)
- 6.2.1. Waterborne
- 6.2.2. Solventborne
- 6.2.3. Powder
- 6.2.4. UV/EB

Chapter 7. Global Matting Agents Market Size & Forecasts by Application 2022-2032

7.1. Segment Dashboard
7.2. Global Matting Agents Market: Application Revenue Trend Analysis, 2022-2032 (USD Million)
- 7.2.1. Industrial Coatings
- 7.2.2. Wood Coatings
- 7.2.3. Leather Coatings
- 7.2.4. Architectural
- 7.2.5. Others

Chapter 8. Global Matting Agents Market Size & Forecasts by Region 2022-2032

8.1. North America Matting Agents Market
- 8.1.1. U.S. Matting Agents Market
- 8.1.2. Canada Matting Agents Market
- 8.1.3. Mexico Matting Agents Market
8.2. Europe Matting Agents Market
- 8.2.1. UK Matting Agents Market
- 8.2.2. Germany Matting Agents Market
- 8.2.3. France Matting Agents Market
8.3. Asia Pacific Matting Agents Market
- 8.3.1. China Matting Agents Market
- 8.3.2. India Matting Agents Market
- 8.3.3. Japan Matting Agents Market
- 8.3.4. Rest of Asia Pacific Matting Agents Market
8.4. Latin America Matting Agents Market
- 8.4.1. Brazil Matting Agents Market
- 8.4.2. Argentina Matting Agents Market
- 8.4.3. Rest of Latin America Matting Agents Market
8.5. Middle East & Africa Matting Agents Market
- 8.5.1. Saudi Arabia Matting Agents Market
- 8.5.2. South Africa Matting Agents Market
- 8.5.3. Rest of Middle East & Africa Matting Agents Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
- 9.1.1. Evonik
- 9.1.2. W. R. Grace & Co.-Conn.
- 9.1.3. PPG Industries, Inc.
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. Evonik
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Market Strategies
- 9.3.2. Baltimore Innovations Ltd.
- 9.3.3. Huber Engineered Materials

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes