Organic Matting Agent Market is Rising Automotive Production to Drive Future Growth

Pune, India, May 2019, MRFR Press Release/- Market Research Future has Published a Half-Cooked Research Report on the Global Organic Matting Agent Market.

Market Overview

Organic matting agents aid in the improvement of film surface characteristics. Additionally, improvement in the flow behavior of the solvent can be achieved through the addition of organic matting agents. Addition of organic matting agents offers several properties such as superior exterior durability, high resistance to chemicals, large pore volume, and excellent thermal stability. This will make it suitable for various applications such as leather, wood, automotive, industrial, electronics, printing inks, and architecture.

The global organic matting agents market is estimated to expand at a moderate CAGR during the forecast period, as per the report recently published by Market Research Future (MRFR). Some of the factors contributing to the ascension of the market include the rising demand from the upscaling construction sector as well as the expanding wood industry. Further, increasing automotive production and sales in the developed as well as developing economies are anticipated to promote growth in the global organic matting agent market through the forecast period.

Other factors identified as drivers in the global organic matting agent market include the consistent growth of the leather coating, surging demand for architectural coatings, and favorable government regulations. Continuous growth observed in the paints & coatings industry, coupled with the demand for customized matting agents are also fueling the market growth for organic matting agents. In contrast, stringent regulations implemented on solvent-based products, which possess high VOC content is expected to restrain market growth over the review period.

Market Segmentation

In the latest MRFR report, the global organic matting agent market is segmented by technology, type, application, and region. On the basis of type, the global organic matting agent market is segmented into waxes and thermoplastics. On the basis of technology, the global organic matting agent market is segmented into solvent-based, water-based, powder, and UV curing. On the basis of application, the organic matting agent market is segmented into wood, industrial, automotive, leather, and architectural.

Key Players

The global organic matting agent market is witnessed to be influenced by the activities of many prominent players in the market. Some of these noteworthy vendors include Evonik Industries (Germany), PPG Industries, Inc. (U.S.), J.M. Huber Corporation (U.S.), ALTANA (Germany), W. R. Grace & Co.-Conn. (U.S.), Heubach Color (Germany), BASF SE (Germany), J COLOR CHEMICALS. (China), TOYOBO CO., LTD. (Japan), Arkema (France), and Deuteron GmbH (Germany). 

Detailed

Regional Analysis

The global organic matting agent market is geographically segmented into Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa. Among these regional segments, the APAC is estimated to garner the fastest growth rate over the conjectured time period due to the rising demand from several applications such as industrial, automotive, as well as, architectural. Owing to the upscaling usage of organic matting agents in the automotive sector, the market is likely to ascend in China, Vietnam, Malaysia, and India, within Asia Pacific. Moreover, a rise in the purchasing power of consumers, ease in the availability of low-cost raw materials & land, and a moderately regulatory framework are also contributing to the mounting growth witnessed by the organic matting agent market in the region.

European countries such as Spain, Russia, the U.K., Germany, and Italy are anticipated to be the leading country-specific markets in the region. This can be attributed to the developed end-use industries and an increasing budget provided to the innovation and research in the organic matting agent domain. North America is expected to garner substantial growth owing to a strong base for several industries along with the mounting investment to revive the leather & electronics industry over the forecast period. The U.S. and Canada are likely to be at the forefront among the country-specific markets in the region and are projected to grow significantly through the review period.

In Latin America, Mexico is anticipated to dominate the organic matting agent market due to strong demand from the architectural and wood sector. Other Latin American countries such as Brazil, Argentina, and Colombia are anticipated to grow at a moderate rate owing to the involvement of new business models. Furthermore, the Middle East & Africa is projected to ascend at a steady pace through the review period of 2017-2023. Heavy investment in commercial, institutional, and the residential sector in Turkey, Qatar, the UAE, and Saudi Arabia is anticipated to fuel the industrial growth over the forecast period.

Industry Update

May 2017: Lanxess’s leather business unit announced the launch and addition of a new matting agent, Opti-Matt AD-20, to its product portfolio. The Dow Chemicals Company developed this matting agent.

Access Report Details @ organic matting agents market