Polyester Matting Agent Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2031)
The "Polyester Matting Agent Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Polyester Matting Agent market is expected to grow annually by 13.2% (CAGR 2024 - 2031).
This entire report is of 169 pages.
Polyester Matting Agent Introduction and its Market Analysis
The Polyester Matting Agent market research report highlights the increasing demand for matting agents in industries such as coatings, inks, and plastics to achieve a matte finish. Major factors driving revenue growth include the growing preference for low gloss finishes in consumer products and technological advancements in the manufacturing process. Companies operating in the market include Huntsman, Evonik, . Grace, Imerys Minerals, Banner Chemicals, Luan Jietonda Chemical, and Suoshi Chemical. The report recommends focusing on developing innovative products, expanding distribution networks, and strategic partnerships to capitalize on the growing demand for Polyester Matting Agents in the market.
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Polyester matting agents are a key component in the coatings and inks industry, providing a matte finish to various surfaces. Market segmentation includes gel and powder types, with applications in coatings, inks, and other sectors. Regulatory and legal factors specific to the market conditions are crucial for manufacturers and suppliers to comply with industry standards and quality requirements. Stringent regulations on environmental protection and health safety drive the market towards sustainable and eco-friendly products. Companies must adhere to strict guidelines to ensure product quality and performance in the competitive landscape. As the demand for high-quality matte finishes continues to grow, the polyester matting agent market is expected to witness steady growth and innovation in the coming years.
Top Featured Companies Dominating the Global Polyester Matting Agent Market
The polyester matting agent market is highly competitive, with key players such as Huntsman, Evonik, . Grace, Imerys Minerals, Banner Chemicals, Luan Jietonda Chemical, and Suoshi Chemical dominating the industry. These companies provide a wide range of polyester matting agents for various applications, including paints, coatings, adhesives, and inks.
Huntsman is a major player in the polyester matting agent market, offering a comprehensive portfolio of high-quality matting agents that provide excellent gloss reduction and surface smoothness. Evonik is another prominent player known for its innovative silica-based matting agents that offer superior matting efficiency and durability. W.R. Grace specializes in developing silica and polymer-based matting agents that enhance coating performance and durability. Imerys Minerals is a leading supplier of mineral-based matting agents that provide excellent scratch resistance and chemical resistance.
Banner Chemicals, Luan Jietonda Chemical, and Suoshi Chemical are also key players in the polyester matting agent market, offering a wide range of matting agents for various industrial applications. These companies play a crucial role in driving market growth through continuous product innovation, strategic partnerships, and expanding their global presence.
In terms of sales revenue, Huntsman reported sales of $8.7 billion in 2020, Evonik reported sales of €12.2 billion in 2020, and W.R. Grace reported sales of $1.80 billion in 2020. These companies' strong financial performance and market presence demonstrate their significant contribution to the growth and development of the polyester matting agent market.
- Huntsman
- Evonik
- W.R.Grace
- ImerysMinerals
- BannerChemicals
- LuanJietondaChemical
- SuoshiChemical
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Polyester Matting Agent Market Analysis, by Type:
- Gel
- Powder
Polyester matting agents come in two main types: gel and powder. Gel matting agents are usually solvent-based and provide a smooth, glossy finish to surfaces. Powder matting agents, on the other hand, are typically water-based and create a matte finish. These different types cater to various customer preferences and requirements, thereby boosting the demand for polyester matting agents in the market. Customers can choose the type of matting agent based on their specific application needs, such as the desired level of glossiness or matte finish. This variety of options helps to expand the market for polyester matting agents.
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Polyester Matting Agent Market Analysis, by Application:
- Coatings
- Inks
- Others
Polyester Matting Agent is used in coatings, inks, and other applications to create a smooth, matte finish on surfaces. In coatings, it is added to achieve a uniform appearance with reduced gloss levels. In inks, it helps to control the level of sheen and improve printability. The fastest growing application segment in terms of revenue is coatings, as the demand for matte finishes in furniture, automotive, and architectural sectors continues to rise. Polyester Matting Agent is incorporated into formulations in varying concentrations depending on the desired level of gloss reduction and overall appearance.
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Polyester Matting Agent Industry Growth Analysis, by Geography:
North America:
- United States
- Canada
Europe:
- Germany
- France
- U.K.
- Italy
- Russia
Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
The Polyester Matting Agent market is experiencing significant growth in regions such as North America (United States, Canada), Europe (Germany, France, ., Italy, Russia), Asia-Pacific (China, Japan, South Korea, India, Australia, Indonesia, Thailand, Malaysia), Latin America (Mexico, Brazil, Argentina, Colombia), and Middle East & Africa (Turkey, Saudi Arabia, UAE). The Asia-Pacific region is expected to dominate the market with the highest market share percentage valuation due to the increasing demand for polyester matting agents in industries such as coatings, construction, and automotive. The expected market share of the Polyester Matting Agent market in different regions is as follows: Asia-Pacific (40%), Europe (25%), North America (20%), Latin America (10%), and Middle East & Africa (5%).
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