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Description
Silica Based Matting Agents Market size was valued at USD X billion in 2021 and is poised to grow at a significant CAGR of X% during the forecast period 2022-28. Some of the key factors influencing 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 and the rising coating industry coupled with growing disposable incomes. However, technological incompatibility with UV-cured coatings are inhibiting the market growth. The matting agents technology is not compatible with UV-cured coatings. There is a significant increase in demand from the past few years for UV-cured coatings. Cost efficiency, cycle times, and emission of volatile organic compounds (VOCs) are the major factors considered while selecting the coating for any application. Therefore, rise in preference for UV-cured coatings is likely to restrict the silica-based matting agents market in the coming years. Global silica based matting agents market is surging owing to frequent acquisitions and launchings by the market players. 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 recycling, and automotive coatings. In addition, this new type of matting agent can be used in high-solids and low-VOC formulations. Global Silica Based Matting Agents market report gives comprehensive outlook on silica based matting agents across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The report on global silica based matting agents market gives historical, current, and future market sizes (US$ Mn) on the basis of type, technology, application and region. This report studies global silica based matting agents market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global silica based matting agents market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global silica based matting agents market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities). Key stakeholders of the global silica based matting agents market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in global silica based matting agents products.
