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Organic Matting Agent Market Global Industry Perspective, Comprehensive Analysis And Forecast
Organic Matting Agent are a kind of supplement, which enhance the performance of coatings. These are widely used in paints & coatings to provide corrosion and temperature resistance along with increasing antiglare properties. They help in increasing the viscosity of the formulation. They are widely used in numerous application such as wood, architectural, industrial, leather, automotive, and others on account of superior properties such as high scratch resistance, excellent weather durability, resistance to chemicals.
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Some of the prominent factors that positively influence the growth of Organic Matting Agent are rising urbanization, increasing demand for paints & coatings, growing per capita disposable income, and rising popularity among consumers to adopt matte finish products. Furthermore, increasing construction industry and rising automotive manufacturing across the globe are predicted to drive the growth of the market.
Asia Pacific is predicted to be the largest market for structural sealant followed by Europe and North America, on account of increasing demand from architectural, automotive, and general industry among others. Emerging countries such as India, Malaysia, China, Vietnam, and Bangladesh are the fastest growing market for Organic Matting Sealant and is predicted to grow at the same pace soon. North American organic matting agent market is estimated to witness a substantial growth with the U.S. and Canada being major contributors on account of growing end use application in wood and architectural.
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Some of the prominent players operating in the Global Organic Matting Agent Market are Evonik Industries (Germany), J.M. Huber Corporation (U.S.), PPG Industries, Inc. (U.S.), W. R. Grace & Co.-Conn. (U.S.), ALTANA (Germany), Heubach Color (Germany), TOYOBO CO., LTD. (Japan), BASF SE (Germany), Arkema (France), J COLOR CHEMICALS. (China), Deuteron GmbH (Germany), and others.
The Global Organic Matting Agent Market is categorized based on type, technology, application, and end use industry. Based on type, the market is segmented into waxes, thermoplastic, and others. Furthermore, waxes are segmented into natural, partly synthetic, and wholly synthetic, whereas, thermoplastic is further categorized into polyamides, polyurethanes, and polyacrylates. Under the type segment, wax type segment held the major share in 2016 and is expected to dominate the market over the assessment period.
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Moreover, the demand for thermoplastic products will grow at a healthy CAGR during the review period. Based on technology, the Organic Matting Agent is classified into solvent based, water based, UV curing, and powder. Among the technology segment, water-based segment is expected to grow at a significant rate due to rising awareness regarding the harmful effect of solvent based products as well as stringent regulations imposed by various government agencies regarding volatile organic compound emission rate.
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