The global silica based matting agents market accounted for US$ XX Mn in 2018 and burgeoning over the forthcoming years. Key drivers for the market growth include rise in consumers preference for low gloss and matt surface finishes, environment-friendly features of silica based matting agents along with growing popularity among consumers, growth of end-use industries such as automotive and construction, rapid urbanization, the rising coating industry coupled with growing disposable incomes. However, technological incompatibility with UV-cured coatings are growth inhibiting the market.
Global silica based matting agents market segmented on the basis of type, technology, application and region.
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Fumed Silica Dominate the Global Silica Based Matting Agents Market
Based on type, global silica based matting agents market segmented into flux-calcined diatomaceous earth, fumed silica, natural silica, perlite, precipitated silica and silica gel. Fumed Silica held considerable market growth during estimated period. A matting agent useful for the preparation of matted coatings comprising, inorganic oxide particulates and wax coated on the inorganic oxide particulates. Silica is used as matting agent in printing inks, paint and coatings. During the production process silica improves free flow behavior and prevents from formation of coagulates.
Asia Pacific Leads the Global Silica Based Matting Agents market
PBI’s global silica based matting agents market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis. Asia Pacific accounted for larger revenue share in global silica based matting agents market with considerable CAGR. The growth in this region is due to presence of a huge paints & coatings industry in the region. Growing preference for matte finish among consumers and increasing disposable income are some other factors responsible for market growth. Also, India is projected to register high growth owing to shifting of manufacturing plants of end user industries, such as marine, furniture and automotive to these countries. In addition, Europe held considerable market share during estimated period.
Strategic Launches are the key strategies adopted by market players
Global silica based matting agents market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent product approvals, and long term alliance to improve market revenue share and gaining significant geographic presence across the region. For Instance, in Feb 2019, Akzo Nobel launched ACEMATT 3400 new matting agent with high transparency and soft-touch properties. This highly efficient silica is intended for use in clear coatings and water- and solvent-based coatings. Typical application fields include wood coatings, plastics, and automotive coatings. In addition, this new type of matting agent can be used in high-solids and low-VOC formulations.
Key player’s profiles in the report are Akzo Nobel, Deuteron Gmbh, Evonik Industries, Huntsman International LLC, Imerys, Minchelman Inc., PPG Industries, PQ Corporation, The Lubrizol corporation and W.R. Grace.
Precision Business Insights (PBI) in its report titled “Global Silica Based Matting Agents Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period. Moreover, the report also includes the total revenue and volume for the market.
o Flux-calcined Diatomaceous Earth
o Fumed Silica
o Natural Silica
o Precipitated Silica
o Silica Gel
o Others (Powder and UV-cured)
• Printing Inks
o Architectural Coatings
o Leather Coatings
o Wood Coatings
o North America
• Rest of Europe
• Australia & New Zealand
• ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
• South Korea
• Rest of Asia-Pacific
o Latin America
• Rest of Latin America
o Middle East and Africa (MEA)
• Gulf Cooperation Council (GCC) Countries
• South Africa
• Rest of MEA
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