Organic Matting Agent Market Trends

Global Organic Matting Agent Market

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.

The 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 Organic Matting Agent Market. 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 Organic Matting Agent Market include continuous growth of leather coating, increasing demand for architectural coatings, and favorable government regulations. 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.

The Global Organic Matting Agent Market Share by Application (2016), (%):

Regional Analysis:

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.

Asia Pacific emerged as the largest market for the Organic Matting Agent followed by Europe and North America in 2016. European countries such as Russia, Spain, the U.K, Italy, and Germany are expected to be the prominent consumer markets due to the developed end use industries and rising expenditure on innovation and research. North America is estimated to witness a significant growth in the organic matting agent market due to the strong base for various industries along with the rising investment to revitalize leather & electronics industry over the forecast period. The U.S and Canada in North America region are among the prominent contributors to Organic Matting Agent Market growth and are predicted to register a significant demand for the market over the assessment period 2017 to 2023. In North America, Mexico is expected to exhibit the fastest CAGR during the forecast period, on account of tremendous growth in automotive sector. The U.S is expected to dominate the regional market growth due to the strong demand from wood and architectural sector. Latin American countries such as Brazil, Argentina, and Colombia are expected to witness an average organic matting agent market growth due to the involvement of new business models. Moreover, the Middle East & Africa is estimated to witness a steady growth during the review period 2017-2023. 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.

Segmentation:  

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.

Key Players:

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.

Intended Audience

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  Organic Matting Agent Manufacturers

  
  


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  Traders and Distributors of Organic Matting Agent

  
  


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  Production Process Industries

  
  


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  Potential Investors

  
  


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  Raw Material Suppliers

  
  


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  Nationalized Laboratory