South Korea Water-based Matting Agent Market was valued at USD 0.2 Billion in 2022 and is projected to reach USD 0.4 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
The South Korea Water-based Matting Agent Market has seen significant growth in recent years, driven by an increased demand for sustainable and eco-friendly products across various industries. Water-based matting agents are chemical formulations used to modify the appearance of coatings, paints, and varnishes by reducing their gloss level. These agents are gaining traction due to their environmentally friendly composition, low toxicity, and compliance with increasingly stringent regulations on volatile organic compounds (VOCs).
Industries such as automotive, construction, furniture, and electronics are some of the major consumers of water-based matting agents. The automotive industry, in particular, relies heavily on these agents to provide matte finishes for vehicle exteriors, which are highly sought after by consumers looking for modern, sleek designs. In the construction sector, water-based matting agents are used to create a range of finishes for interior and exterior walls, offering a non-reflective, smooth surface that enhances the aesthetic appeal of buildings.
The demand from the furniture industry is also on the rise as matte finishes are increasingly favored for wooden furniture and cabinetry. These finishes are not only visually appealing but also offer improved durability and resistance to stains and scratches, making them a preferred choice for high-traffic environments.
Moreover, the growing trend towards sustainability has made water-based solutions a necessity across industries. Companies are seeking alternatives to solvent-based agents to reduce their environmental impact and meet consumer preferences for greener products. The South Korean market, known for its innovation and adoption of the latest technologies, is expected to continue to drive the demand for water-based matting agents in the coming years.
The growing requirement for these agents is also influenced by advancements in formulation technology. Manufacturers are developing new formulations that offer enhanced performance, such as improved dispersion stability, better surface protection, and superior water resistance. These innovations are opening up new opportunities for the water-based matting agent market to expand into diverse sectors.
Overall, as industries in South Korea continue to prioritize sustainability and innovation, the water-based matting agent market is poised for significant growth, providing businesses with new opportunities to develop high-performance, eco-friendly products.
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Evonik Industries (Germany)
PPG Industries (U.S.)
Huntsman Corporation (U.S.)
IMERYS Minerals Ltd. (France)
W.R.Grace (U.S.)
J. M. Huber (U.S.)
BYK Additives & Instruments (Germany)
AkzoNobel (Netherlands)
Arkema (France)
Lubrizol Corporation (U.S.)
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Water-based Matting Agent Market
Aqueous-based
Solvent-based
Hybrid
Paints & Coatings
Inks
Cosmetics
Textile & Leather
Automotive
Construction
Packaging
Consumer Goods
Gloss Reduction
Opacity Enhancement
Liquid
Powder
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Water-based Matting Agent Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Water-based Matting Agent Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Water-based Matting Agent Market, By Type
6. South Korea Water-based Matting Agent Market, By Application
7. South Korea Water-based Matting Agent Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Water-based Matting Agent Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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