San Francisco, California, November 15, 2017: A recent report by TMR Research highlights the growth prospects of the global matting agents market. The report is titled “Matting Agents Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017–2025.” The report states that the market has witnessed expansion at a promising pace in the past few years owing to the rising demand for solutions capable of protecting coatings and paints from environmental elements in a number of settings. The market will also exhibit expansion at a promising pace in the years to come owing to the rapid growth observed by the industrial sector in a number of regions.
The report segments the global matting agents market on the basis of criteria such as product type, formulation, application, and geography. On the basis of product, the market has been segmented into two key varieties: organic and inorganic. These segments are further segmented into waxes and thermoplastics (organic) and silica (inorganic). Of these, the segment of inorganic matting agents is presently the top-grosser and is expected to be responsible for a significant portion of the overall revenue of the global market over the report’s forecast period. The segment of organic matting agents is expected to expand at a steady pace. Of the key inorganic matting agents examined in the report, the segment of silica accounts for the dominant share owing to its high usage in products such as lacquers, paints, coatings, plastics, and inks.
In terms of formulation, the report segments the global matting agents market into powder, waterborne, solventborne, and ultra-violet (UV). Of these, the segment of waterborne matting agents accounts for the dominant share in terms of revenue contribution to the overall market.
In terms of application, the global matting agents market has been segmented in the report into wood, industrial, leather, and architectural. The segment of industrial matting agents is further segmented into papers, printing inks, metals, and plastics. The architectural segment is presently the most lucrative application area for the global matting agents market and is likely to remain the top grosser over the report’s forecast period as well. Vast usage of a variety of matting agents in a number of architectural areas for added burnish, inertness, scrub resistance, brightness, and film permeability will drive the increased demand for matting agents in the architectural sector.
From a geographical point of view, the report examines the growth opportunities that the market for matting agents has in regions such as Europe, Asia Pacific, North America, Latin America, and Middle East and Africa. Of these, the market in Asia Pacific is presently the leading contributor of revenue to the global market and is expected to further augment in the years to come. The region holds the top spot on account of the steadily expanding manufacturing sector in emerging economies such as India and China. A thriving consumer goods sector in the region is also contributing to the positive development of the market for matting agents.
On the other hand, the market in Europe is expected to expand at a fastest pace of all the regional markets studied in the report. The vast applications of matting agents in the region’s industrial coating, architecture, and wood-working industries will help the regional market gain greater heights over the report’s forecast period. The European market for matting agents will also remain lucrative owing to the presence of a number of leading players operating in the larger matting agents market.
The report also provides a detailed analytical account of the vendor landscape of the global matting agents market. The leading companies operating in the market profiled in the report include Huber Engineered Materials, Baltimore innovations, Deuteron, W.R. Grace & Co., PPG, and Evonik Industries.
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