Organic Matting Agent Market Overview to 2023
The Global Organic Matting Agent Market is estimated to grow at a moderate CAGR during the review period. Rising demand from the expanding constructions sector as well as growing wood industry is estimated to fuel the demand for Global Organic Matting Agent Market. Heavy investment in commercial, institutional as well as residential sector in Qatar, Turkey, the United Arab Emirates (UAE), and Saudi Arabia is predicted to influence the industrial growth positively over the forecast period.Moreover, rising automotive production and sales in developed and developing industry is expected to propel the growth of the market over the forecast period. Some other factors and trends identified in the Global Organic Matting Agent Market include continuous growth of leather coating, increasing demand for architectural coatings, and favorable government regulations.
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Some of the prominent players operating in the Global Organic Matting Agent Market are Evonik Industries (Germany), J.M. Huber Corporation (U.S.), PPG Industries, Inc. (U.S.), W. R. Grace & Co.-Conn. (U.S.), ALTANA (Germany), Heubach Color (Germany), TOYOBO CO., LTD. (Japan), BASF SE (Germany), Arkema ( France), J COLOR CHEMICALS. (China), Deuteron GmbH (Germany), and others. Moreover, continuous growth in paints & coatings industry along with the demand for customized matting agents are contributing to the growth of the market. However, stringent regulation implemented on solvent based products, which possess high VOC content is expected to hinder the growth of the market over the forecast period.
Organic Matting Agents are used to improve film surface characteristics. Moreover, flow behavior of solvent can be improved by the addition of organic matting agents. It offers various properties such as high resistance to chemicals, superior exterior durability, excellent thermal stability, and large pore volume, which make it suitable for numerous application such as automotive, leather, wood, industrial, architectural, and others. Others application include electronics and printing inks.
- Organic Matting Agent Manufacturers
- Traders and Distributors of Organic Matting Agent
- Production Process Industries
- Potential Investors
- Raw Material Suppliers
- Nationalized Laboratory
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Geographically, the Organic Matting Agent Market is segmented into five regions: Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. Among these, Asia Pacific is expected to grow at the fastest CAGR over the forecast period owing to increasing demand from various applications such as architectural, industrial, and automotive. The demand for Organic Matting Agent is estimated to surge in various countries of Asia Pacific such as China, India, Vietnam, and, Malaysia due to increasing usage in automotive sector. Furthermore, rising purchasing power, ease in availability of low cost raw material & land, and moderately regulatory framework are some other prominent factors for the regional Organic Matting Agent Market growth over the forecast period 2017-2023.
The Global Organic Matting Agent Market is segmented on the basis of type, technology, application, and region. On the basis of type, the market is classified into waxes, thermoplastic, and others. On the basis of technology, the organic matting agent is categorized into solvent based, water based, UV curing, and powder. On the basis of application, the market is segmented into automotive, wood, industrial, architectural, leather, and others. On the basis of regions, the market is segmented into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.
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