Silica-Based Matting Agents Market

Introduction:

The market for silica based matte surfaces is growing significantly due to the increasing demand for matte surfaces in various industries. Silica-based matting agents are important additives used to reduce the gloss of coatings, paints, inks and varnishes, resulting in a smooth, non-reflective surface. These materials are highly valued for their ability to improve the aesthetic appeal and functional properties of surfaces, such as improved scratch resistance and surface durability.

Silica-Based Matting Agents Market size was USD 485.02 Million in 2023 and expected to reach USD 685.71 Million by 2032, growing at CAGR of 4.38% 2024 to 2032.

The automotive, furniture, packaging and electronics industries are increasingly using silica-based matting materials to achieve the desired surface texture and finish. In addition, the growing trend towards sustainable and environmentally friendly products is strengthening the market, as silica-based substances are non-toxic and meet strict environmental requirements. Due to the advancement of technology and increasing applications in emerging markets, the silica-based mats market is expected to witness strong growth in the coming years.

Overview:

• Growing Demand in The Coatings Industry: Use of architectural coatings, automotive coatings and industrial coatings to improve aesthetic appeal and functional properties.

• Growing Environmental Regulations: The shift to environmentally friendly products and formulations is increasing the demand for durable matte materials.

• Technological Development: Continuous innovation in particle size distribution and surface modification techniques to improve performance.

• Expanding End-Use Industries: Adoption in sectors such as furniture, packaging and consumer goods due to the need for high-quality finishes and textures.

Silica-Based Matting Agents Market

Size, by Product, - (USD Billion)

Precipitated Silica

Fumed Silica

Natural Silica

Other Types

Other Products

The Market will Grow

At the CAGR of:

4.38%

The Forecast Market

Size for in USD:

$685.71 Million

Ace Matrix Analysis:

The Ace Matrix presented in the report would help to understand how the major players in this industry are performing as we provide a ranking of these companies based on various factors such as service features and innovations, scalability and innovation. services, industry coverage, industry coverage and growth plan. Based on these factors, we divide companies into four categories: active, cutting-edge, developing and innovators.

Silica-Based Matting Agents Market Trends:

• Increasing demand for low gloss and matte surfaces in various industries such as coatings, paints and inks to enhance aesthetic appearance.

• Use of ecological and durable matte materials due to strict environmental requirements.

• Because of their superior performance and durability, silica-based matting agents are growing in popularity over traditional alternatives such as wax-based agents.

Silica-Based Matting Agents Market Segmentation:

By Type:

• Precipitated Silica

• Fumed Silica

• Natural Silica

• Other Types

By Application:

• Industrial Coatings

• Architectural Coatings

• Wood Coatings

• Printing Inks

• Plastics

• Other Applications

By Technology:

• Water-based Coatings

• Solvent-based Coatings

• Radiation Curable Coatings

• High Solids Coatings

By End-Use Industry:

• Automotive

• Construction

• Furniture

• Packaging

• Textiles

• Other End-Use Industries

By Region:

• North America

• Europe

• Asia-Pacific

• Latin America

• Middle East and Africa

Silica-Based Matting Agents Market

Share, by end user, (USD Billion)

485.02 Million %

Industrial Coatings

Industrial Coatings

Wood Coatings

Printing Inks

Other End-Users

685.71 Million

Total Market Size

USD (Billion),

4.38%

CAGR

-

Silica-Based Matting Agents Market Key players:

• Evonik Industries AG

• W.R. Grace & Co.

• Huber Engineered Materials (J.M. Huber Corporation)

• PPG Industries, Inc.

• Imerys

• Akzo Nobel N.V.

• PQ Corporation

• Lianyungang Changtong Silica Powder Co., Ltd.

• Fuji Silysia Chemical Ltd.

• Anten Chemical Co., Ltd.

• Wuxi Quechen Silicon Chemical Co., Ltd.

• Evonik Industries AG

• Imerys

• Huber Engineered Materials

Portor’s Analysis:

• Threat of New Entrants: Significant capital is required to set up manufacturing facilities and R&D to develop competitive products. Incumbent players benefit from economies of scale, making it difficult for new entrants to compete on cost. Compliance with strict regulations and certifications related to environmental impact and product safety hinder market entry. Existing brands have strong customer loyalty and trust, making it difficult for new entrants to quickly gain market share.

• Bargaining Power of Suppliers: Silica-based mats require special silica materials and may have a limited number of suppliers. Suppliers have moderate bargaining power because raw materials are critical to product quality and performance. Switching suppliers can incur costs related to requalification and possible supply chain operations.

• Bargaining Power of Buyers: Bargaining power of buyers is moderate due to multiple suppliers and product choices. Buyers may switch suppliers based on price and performance, especially in price-sensitive sectors such as paints, coatings and plastics. Differences in product quality, performance and technical support can reduce the bargaining power of buyers in particular applications.

• Threat of Substitutes: The threat is substitutes such as organic defuses, polymer-based additives and other surface treatment methods. Substitutes must meet or exceed the performance characteristics of silica-based mats in terms of performance, durability and cost-effectiveness.

• Industry Competition: The silica mat market is highly competitive, with several major players competing on product innovation, pricing and distribution channels. Moderate industry growth increases competition among existing players for market share. There is intense competition between different end-user industries such as paints, coatings, inks and plastics, where manufacturers try to differentiate their products.

Silica-Based Matting Agents Market

Size, by Product, - (USD Billion)

The Market will Grow

At the CAGR of:

4.38%

The Forecast Market

Size for in USD:

$685.71 Million

Silica-Based Matting Agents Market Opportunities:

• Growing Demand for Paints and Coatings: The use of silica-based matting agents in paints and coatings to achieve matt surfaces in architectural, automotive and industrial applications.

• UV-Curable Opacifiers are Gaining Popularity: UV-curable silica opacifiers are gaining popularity due to their environmental friendliness, low VOC emissions and fast cure time, which meets the growing demand for durable coatings.

• Expanding The Use of Printing Inks: Release agents are important in printing inks to create matte surfaces for paper, packaging and specialty printing applications that lend themselves to aesthetic enhancements and tactile effects.

• High Performance Wood Coatings: Wood coatings use silica-based matting to ensure the durability, scratch resistance and aesthetic appearance of furniture, floors and fixtures.

• Growing Applications in Leather and Textiles: Mattifying agents are used in leather and textile coatings to achieve the desired surface finish, improve wear resistance and tactile sensitivity that meet consumer demands for high-quality end products.

• Advances In Personal Care Products: Silica-based matte materials are finding new uses in personal care products such as cosmetics and skin care products that provide a matte surface and reduce shine.

• New Opportunities in Food and Beverage Packaging: Darkening agents are being explored in food packaging materials to improve surface aesthetics, improve printability and ensure compliance with food safety standards.

• Technological Innovations in Coating Compounds: Continuous research and development activities are focused on the development of innovative silica-based mat materials with improved performance, compatibility with various substrates and improved surface properties.

• Focus On Anti-Reflective Coatings: Silica-based mats are an integral part of anti-reflective coatings for optical devices, displays and automotive applications, reducing glare, improving visibility and enhancing the user experience.

• Demand for Functional Additives in Electronics: Dimmers are increasingly used in electronic components and devices to improve scratch resistance, improve surface smoothness and ensure longevity in consumer electronics and industrial applications.

Silica-Based Matting Agents Market Restraints:

• High Cost: Silica-based matting agents can be expensive compared to other matting agents, which may limit their use in price-sensitive markets.

• Handling and Health Issues: Silica dust from handling and processing poses a health hazard to workers, requiring strict safety measures and regulatory compliance.

• Effect On Mechanical Properties: The use of silica-based matting agents can sometimes affect the mechanical properties of coatings or polymers, such as hardness and scratch resistance.

• Process Issues: Silica-based mats may require special equipment or processes for uniform dispersion in formulations, which can increase manufacturing complexity and cost.

• Compatibility Issues: Some formulations may have compatibility issues with silica-based mats that may affect product performance or stability over time.

• Environmental Considerations: Concerns about the environmental impact of silica extraction, processing, and disposal of silica-containing products may affect regulatory oversight and market approval.

• Alternative Technologies: Advances in alternative mating agents or technologies such as organic or polymeric mating agents provide competitive and alternative solutions with different performance characteristics.

• Limited Applications: Silica-based matting agents may not be suitable for all types of coatings or polymers, limiting their versatility compared to other matting agents.

• Market Fragmentation: The silica-based mat market is fragmented among multiple suppliers, leading to varying product quality and consistency, which can affect customer trust and adoption.

• Global Supply Chain Issues: Disruptions in the global silica supply chain, affected by factors such as mining regulations, geopolitical tensions or natural disasters, can affect market stability and pricing.

Silica-Based Matting Agents Market TO (USD BN)

CAGR OF

4.38%

Silica-Based Matting Agents Market

685.71 Million %

Recent Development:

• September 11, 2023 PPG announced that it will showcase some of the company’s patent-pending coating solutions for metal fabricators at FABTECH in Chicago, Illinois.

• December 15, 2023 Evonik has announced the full takeover of former joint venture Thai Peroxide Company Limited (TPL), located in Saraburi, Thailand.

• March 4, 2024 A major investment project has been completed at AkzoNobel’s production plant in Bac Ninh province near Hanoi in Vietnam.

Frequently Asked Questions (FAQs):

Q.1 What is projected market size & growth rate of the Silica-Based Matting Agents Market?

Ans: Silica-Based Matting Agents Market size was USD 485.02 Million in 2023 and expected to reach USD 685.71 Million by 2032, growing at CAGR of 4.38% 2024 to 2032.

Q.2 What are the top players operating in Silica-Based Matting Agents Market?

Ans: Evonik Industries AG, W.R. Grace & Co., Huber Engineered Materials (J.M. Huber Corporation), PPG Industries, Inc., Imerys, Akzo Nobel N.V., PQ Corporation, Lianyungang Changtong Silica Powder Co., Ltd., Fuji Silysia Chemical Ltd., Anten Chemical Co., Ltd., Wuxi Quechen Silicon Chemical Co., Ltd., Evonik Industries AG, Imerys, Huber Engineered Materials.