Organic Matting Agent are a kind of supplement, which enhance the performance of coatings. These are widely used in paints & coatings to provide corrosion and temperature resistance along with increasing antiglare properties. They helps in increasing the viscosity of the formulation. They are widely used in numerous application such as wood, architectural, industrial, leather, automotive, and others on account of superior properties such as high scratch resistance, excellent weather durability, resistance to chemicals.
Some of the prominent factors that positively influence the growth of Organic Matting Agent are rising urbanization, increasing demand for paints & coatings, growing per capita disposable income, and rising popularity among consumers to adopt matte finish products. Furthermore, increasing construction industry and rising automotive manufacturing across the globe are predicted to drive the growth of the market. Recently, matting agent producers have shifted their focus towards reducing the volatile organic content from paints & coatings formulations, due to rising environmental concern are expected to give a boost to water based Organic Matting Agents. However, high film shrinkage time along with the high VOC emission rate in solvent matting agent are predicted to hinder the growth of the market over the assessment period.
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Market Segmentation:
The Global Organic Matting Agent Market is categorized on the basis of type, technology, application, and end use industry. Based on type, the market is segmented into waxes, thermoplastic, and others. Furthermore, waxes are segmented into natural, partly synthetic, and wholly synthetic, whereas, thermoplastic is further categorized into polyamides, polyurethanes, and polyacrylates. Under the type segment, wax type segment held the major share in 2016 and is expected to dominate the market over the assessment period. Moreover, the demand for thermoplastic products will grow at a healthy CAGR during the review period. Based on technology, the Organic Matting Agent is classified into solvent based, water based, UV curing, and powder. Among the technology segment, water based segment is expected to grow at a significant rate due to rising awareness regarding the harmful effect of solvent based products as well as stringent regulations imposed by various government agencies regarding volatile organic compound emission rate. Based on application, the market is segmented into automotive, wood, industrial, architectural, leather, and others. Among these, architectural segment hold the largest market in 2016. The growth factors associated with the architectural segment are increasing the usage of organic matting agent in interior and exterior walls of all types of commercial, industrial, residential, and institutional buildings. Moreover, these find wide application scope in decorative interiors such as wood flooring, furniture, wall paintings, and others.
Regional Analysis:
Asia Pacific is predicted to be the largest market for structural sealant followed by Europe and North America, on account of increasing demand from architectural, automotive, and general industry among others. Emerging countries such as India, Malaysia, China, Vietnam, and Bangladesh are the fastest growing market for Organic Matting Sealant, and is predicted to grow at the same pace in the near future. North American organic matting agent market is estimated to witness a substantial growth with the U.S. and Canada being major contributors on account of growing end use application in wood and architectural. Europe is estimated to witness a steady growth over the assessment period owing to increasing demand for Organic Matting Agent in architectural sector, specifically in Russia, Germany, Spain, and the UK. Market growth in Latin American countries such as Mexico and Argentina is significant due to tremendous growth in automotive sector.
Competitive Analysis:
The major players operating in the Organic Matting Agent Market include 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.
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