Asia Pacific to continue its dominion in the Global Matting Agents Market
Posted by rohan on October 16th, 2019
The market for matting agents has a decent growth rate in recent years, driven by the demand for silica dulling agents, as they provide a higher viscosity of the formulation. The world market is expected to reach a total of US$ 610.37 million by 2023 at an annual growth rate of 4.51%.
Pflaumer Brothers Inc., a significant company in the coatings industry, has sponsored the Pflaumer Innovation Awards presented at the Oriental Coating Fair to promote the development of new coating technologies.
Market Drivers and Restraints:
The demand for silica above all drives the matting agents produced in the market since they provide a higher viscosity of the formulation. In addition, the growing demand in the construction industry is contributing to the growth of the matting agents market. However, the associated costs may limit the market over the forecast period. Besides, market concentration in a few regions may restrict the global expansion.
To know more, click on the link below:
Report segmented as
The global mating agents market is geographically divided into Europe, Asia-Pacific, Latin America, North America, and the Middle East and Africa. In terms of value and volume, the Asia-Pacific region had the largest share in 2018. The advantages in this region, such as cheap resources and a large number of skilled workers are the main reasons for its position in the world market.
Europe was the next market leader in 2018. The presence of a substantial customer base in this region contributes to the growth in this region.The Middle East and Africa, and Latin America are expected to have slow growth in the coming few years.
Important Market Players:
By the end of 2018, IMERYS Minerals Ltd. (France), Huntsman (U.S.), Evonik Industries (Germany), AkzoNobel (Netherlands), Lubrizol Corporation (U.S.), W.R.Grace (U.S.), Arkema (France), BYK (Germany), J. M. Huber (U.S.), and PPG Industries (U.S.) are the leading shareholders of the market for Matting Agents Market.
View a sample and decide @ https://www.marketdataforecast.com/market-reports/matting-agents-market#request_sample
The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.
For more information:
Sales Manager at Market Data Forecast
Like it? Share it!
About the Authorrohan
Joined: September 20th, 2017
Articles Posted: 1,346
More by this author