Market Size of Matting Agents Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 3.23 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Matting Agents Market Analysis
The Matting Agents Market size is expected to grow from USD 558.65 million in 2023 to USD 654.82 million by 2028, at a CAGR of 3.23% during the forecast period.
The market was negatively impacted due to COVID-19. Owing to the pandemic scenario, several countries around the world went into lockdown to curb the spread of the virus. The shutdown of numerous coatings companies and factories disrupted worldwide supply networks and harmed global production, delivery schedules, and product sales. Currently, the market has recovered from the COVID-19 pandemic and increasing at a significant rate.
- In the medium term, the major factors driving the market studied are the increasing demand for matting agents for architectural coatings and superior properties to gloss finishes.
- On the flip side, regulations related to solvent-based matting agents are likely to restrain market growth.
- Growing demand for bio-based matting agents is likely to act as an opportunity for the market in the coming years.
- Asia-Pacific accounted for the highest market share, and the region is likely to dominate the market during the forecast period.
