Silica Based Matting Agents Market Overview
Silica-based matting agents market size is forecast to reach US$334.1 million by 2027, after growing at a CAGR of 4.7% during 2022-2027. Matting agents are additives that are mixed with coatings and paints in order to impart a matte finish to the substrate. Silica-based matting agents are widely used in coating, and printing ink formulations to reduce the gloss of the coated films. The growing demand for industrial coatings along with increasing demand from automotive, construction, textile, and packaging among others are driving the market growth during the forecast period. Polyolefin wax is used as a matting agent in clear coats, printing ink, and powder coatings. The growing adoption of eco-friendly matting agents among end-use industries is also supporting the market growth during the forecast period. Waster-based silica-based matting agent is one of the most eco-friendly products and generates minimum VOC emissions. According to the U.S. Census Bureau, Construction spending during July 2021 was estimated at a seasonally adjusted annual rate of US$1,568.8 billion, which is above the revised June estimate of US$1,563.4 billion. However, fluctuation in raw material prices is likely to hamper the market growth during the forecast period 2022-2027. However, regulation on the usage of solvent-based matting agents is likely to hamper the market growth during the forecast period.
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Inkjet Receptive Coating, Anticorrosion Pigments, Matting Agent