Organic Matting Agent Market Eyeing Remarkable Growth due to Expanding Construction Industry

Market Analysis

The global organic matting agent market is likely to grow at a remarkable CAGR between 2022- 2030, as per the recent Market Research Future (MRFR) report. Organic matting agents are additives that are used for improving film surface characteristics. Thermoplastic, waxes, and others are its different types, and they have wide applications in leather, architectural, industrial, wood, automotive, and other industries.

Various factors are fuelling the global organic matting agent market growth. Such factors, according to the new MRFR report, include the growing demand from the growing wood industry and expanding constructions sector, and increasing production and sales of automotive in developing and developed industries. Additional factors adding market growth include the demand for customized matting agents, booming paints and coatings industry, favorable government regulations, demand for architectural coatings, and constant growth of leather coating.

On the contrary, strict regulations imposed on solvent-based products that have a high content of VOC may limit the organic matting agent market growth over the forecast period.

Covid-19 Analysis /Covid-19 Impact on Organic Matting Agent Market

The COVID-19 pandemic has hit the economy really hard, and the organic matting agent market is also facing its consequence. Activities in the sector have gone into a standstill ever since the containment. India is largely dependent on imports of various raw materials, which also include intermediates and chemicals from China. The delay in shipment from China, coupled with a spike in prices of raw materials, is impacting the matting agent market. The EU and the US will try as well as diversify their market along with mitigating China’s risk. A part of this business may be diverted to India when taken advantage of.

Market Segmentation

The MRFR report provides an inclusive segmental analysis of the global organic matting agent market report based on application, technology, and type.

By type, the global organic matting agent market is segmented into thermoplastic, waxes, and others.

By technology, the global organic matting agent market is segmented into powder, UV curing, water based, solvent based, and others.

By application, the global organic matting agent market is segmented into leather, architectural, industrial, wood, automotive, and others.

Regional Analysis

Based on the region, the global organic matting agent market report covers the recent trends & growth opportunities across Europe, the Americas, the Asia Pacific (APAC), Latin America, & the Middle East & Africa (MEA). Of these, the APAC region is predicted to have the lions share in the market during the forecast period due to the burgeoning demand from different applications like automotive, industrial, and architectural. Malaysia, Vietnam, India, and China are the chief contributors in the region for its increasing use in the automotive sector. Besides, moderately regulatory framework, low cost and easy availability of land and raw material, and rising purchasing power are also adding market growth.

The global organic matting agent market in Europe is predicted to hold the second-largest share over the forecast period for increasing expenditure on research and innovation and the presence of developed end use industries.

The global organic matting agent market in North America is predicted to have significant growth over the forecast period for increasing investments for revitalizing the electronics and leather industry and a strong base for different industries. Canada, Mexico, and the US are the chief contributors in the region for the booming automotive sector and increasing demand from the architectural and wood sector.

The global organic matting agent market in Latin America is predicted to have healthy growth over the forecast period for the involvement of novel business models.

The global organic matting agent market in the MEA is predicted to have sound growth over the forecast period for the heavy investment in residential, institutional, and commercial sectors in Saudi Arabia, the UAE, Turkey, and Qatar.

Key Players

Eminent players profiled in the global organic matting agent market report include Deuteron GmbH (Germany), J COLOR CHEMICALS. (China), Arkema (France), BASF SE (Germany), TOYOBO CO., LTD. (Japan), Heubach Color (Germany), ALTANA (Germany), W. R. Grace & Co.-Conn. (U.S.), PPG Industries, Inc. (U.S.), J.M. Huber Corporation (U.S.), and Evonik Industries (Germany).

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. MRFR’s approach combines the proprietary information with various data sources to give an extensive understanding to the client about the latest key developments, expected events and also about what action to take based on these aspects.

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