Global Next Generation Matting Agents Market, By Type (Organic Matting Agents, Inorganic Matting Agents), Application (Leather Coating, UV Coating, Coil Coating, Ink, Others) - Industry Trends and Forecast to 2031.
Next Generation Matting Agents Market Analysis and Size
Next-generation matting agents refer to advanced materials used in coatings, paints, and other surface treatments to impart a matte or non-glossy finish. These agents play a crucial role in controlling the surface appearance of coatings by reducing light reflection and glare. Unlike traditional matting agents, the next generation ones often exhibit improved performance, including enhanced efficiency, reduced impact on coating clarity, and better compatibility with various formulations. These innovations contribute to achieving desired aesthetic effects in a wide range of applications while addressing challenges associated with gloss control in surface coatings.
Data Bridge Market Research analyzes that the global next generation matting agents market which was USD 399.88 million in 2023, is likely to reach USD 895.12 million by 2031, and is expected to undergo a CAGR of 10.6% during the forecast period of 2024 to 2031.
“Organic matting agents” dominate the type segment of the next generation matting agents market due to their versatility, superior performance, and broader applicability in diverse coating formulations.
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2015-2021)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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By Type (Organic Matting Agents, Inorganic Matting Agents), Application (Leather Coating, UV Coating, Coil Coating, Ink, Others)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, and Rest of Middle East and Africa
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Market Players Covered
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W.R. Grace (U.S.), Evonik Industries (Germany), Honeywell (U.S.), Michelman (U.S.), Lubrizol (U.S.), Hongsheng (China)
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Market Opportunities
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Market Definition
The next generation matting agent market refers to the industry involved in the development, production, and distribution of advanced matting agents, which are additives used in coatings, paints, and inks to impart a matte or non-glossy finish to surfaces. These matting agents play a crucial role in enhancing aesthetic appeal, improving scratch resistance, and providing durability to various finished products. The next generation of matting agents typically incorporates innovative technologies, formulations, and materials to meet evolving consumer demands for higher performance, environmental sustainability, and improved application properties. This market encompasses a range of industries, including automotive, furniture, packaging, and construction, where matte finishes are desired for both functional and aesthetic purposes.
Global Next Generation Matting Agents Market Dynamics
Drivers
- Increasing demand for high-performance coatings and paints across various industries
As industries such as automotive, construction, and furniture continue to prioritize coatings with superior properties such as durability, scratch resistance, and enhanced aesthetics, there is a growing need for advanced matting agents. Next generation matting agents, with their ability to achieve desired surface characteristics while maintaining other coating properties, are becoming essential in formulations. The market is witnessing a surge as manufacturers seek innovative solutions to meet the evolving requirements of modern coatings, fostering the adoption of these advanced matting agents in the industry.
Opportunity
- Emerging technologies, such as augmented reality and virtual reality
Next generation matting agents can contribute to improved visual experiences by reducing glare and reflections on AR/VR devices, while their advanced formulations can provide long-lasting protection. This market opportunity aligns with the increasing need for high-performance materials in the rapidly evolving landscape of immersive technologies, positioning next generation matting agents as key components in the development of cutting-edge coatings for these applications.
Restraint/Challenge
- Potential environmental concerns associated with certain matting agents
Some matting agents may contain hazardous or environmentally harmful components, leading to regulatory challenges and increased scrutiny regarding their usage. As sustainability becomes a growing focus in various industries, manufacturers in the Next Generation Matting Agent market face the challenge of developing formulations that not only deliver desired performance but also adhere to stringent environmental regulations and meet the increasing demand for eco-friendly solutions. This constraint necessitates ongoing research and development efforts to create matting agents that strike a balance between effective performance and environmental responsibility.
This next-generation matting agents market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the next generation matting agents market contact Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
- In November 2021, Evonik's Coating Additives Business Line has introduced three innovative matting agents to augment its ACEMATT® product line, advancing the next generation matting agents market. ACEMATT OK 390 and ACEMATT HK 390 feature fine-particle precision, providing ultra-deep matting, exceptional transparency, and finely textured surfaces. The highly versatile ACEMATT HK 520 further enhances the range. These matting agents, based on precipitated silica, offer universal applicability across water- and solvent-based systems, as well as pigmented and clear formulations
Global Next Generation Matting Agents Market Scope
The next generation matting agents market is segmented on the basis of type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Organic Matting Agents
- Inorganic Matting Agents
Application
- Leather Coating
- UV Coating
- Coil Coating
- Ink
- Others
The next generation matting agents market is analyzed and market size insights and trends are provided by type and application as referenced above.
The countries covered in the market report are U.S., Canada, Mexico, Brazil, Argentina, rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, and rest of Middle East and Africa.
North America region is expected to dominate the market because of the strong presence of major industry players.
Asia-Pacific is expected to show the highest growth rate in the market because of the increasing demand for high-performance coatings and paints across various industries.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends, and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Next-Generation Matting Agents Market Share Analysis
The next-generation matting agents market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width, and breadth, application dominance. The above data points provided are only related to the companies' focus related to the next-generation matting agents market.
Some of the major players operating in the next-generation matting agents market are:
- W.R. Grace (U.S.)
- Evonik Industries (Germany)
- Honeywell (U.S.)
- Michelman (U.S.)
- Lubrizol (U.S.)
- Hongsheng (China)
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