The report "Matting Agents Market by Material (Silica, Waxes, Thermoplastics), Technology (Water-Based, Solvent-Based, Radiation Cure and High Solids, Powder), Application (Industrial, Architectural, Leather, Wood, Printing Inks), Region - Global Forecast to 2022", The global matting agents market was valued at USD 448.6 Million in 2016 and is projected to reach USD 579.9 Million by 2022, at a CAGR of 4.4% from 2017 and 2022.

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The matting agents market is segmented on the basis of material, technology, application, and region. In terms of material, in 2016, silica accounted for the largest share of the market globally. Silica has relatively higher efficiency as compared to other matting additives. It helps in increasing the viscosity of the formulation. However, silica forms a sediment if stored for long, and to prevent this, silica is treated with waxes and fumed silica.
Water-based is the most commonly used technology in the coatings industry. Water-based matting agents contain up to 80% water and have small quantities of other solvents. These are used for many applications such as architectural coatings, wood coatings, plastic coatings, and other industrial coatings. The water-based technology provides high heat and abrasion resistance.

Generally, wax treated or untreated silica is used in water-based systems. The solvent-based technology is preferred among manufactures owing to the low processing cost. Solvents used during the coating application process evaporate easily due to the high volatility, resulting in film shrinkage, and providing efficient matting property.

The architectural application led the matting agents market in 2016, in terms of value. Architectural coatings are applied on the interior and exterior walls of all kinds of residential, commercial, industrial, and institutional buildings. These coatings also find use in decorative interiors such as wall paintings, wood flooring, sculptures, and furniture.

Matting agents used in architectural coatings increase corrosion and temperature resistance, and antiglare properties in end products. The growing popularity of the matte finish in developed nations coupled with growth in the construction industry is expected to drive the matting agents market in architectural coatings. Among all industrial applications, matting agents are majorly used in automotive coatings.

The Asia-Pacific region (comprising China, India, Japan, South Korea, and others) accounted for the largest share of the global matting agents market in 2016. The Asia-Pacific region was the largest matting agents consumer in 2016. This growth can be attributed to rapidly increasing consumption in countries such as India, Malaysia, Indonesia, Thailand, and Vietnam for matting agents in leather coatings and architectural coatings. A steady demand for the past few years for the matte finish in furniture boosted the growth of matting agents in the Asia-Pacific region.

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The global matting agents manufacturers include Evonik Industries (Germany), PPG Industries (U.S.), Huntsman Corporation (U.S.), IMERYS Minerals Ltd. (France), W.R.Grace (U.S.), J. M. Huber (U.S.), BYK Additives & Instruments (Germany), AkzoNobel (Netherlands), Arkema (France), and Lubrizol Corporation (U.S.). These manufacturers focus on expanding their regional presence by undertaking strategies such as expansions, mergers & acquisitions, and new product developments.

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