The Global Matte Paint Market was valued at USD 14.8 Billion in 2025 and is projected to reach USD 21.3 Billion by 2034, growing at a Compound Annual Growth Rate (CAGR) of 4.8% during the forecast period (2024–2030). This sustained growth is primarily fueled by rising consumer preference for non-reflective, sophisticated finishes in automotive, architectural, and industrial applications, coupled with advancements in low-VOC and eco-friendly paint formulations.

As design trends increasingly favor understated elegance and minimal light interference, the demand for high-performance matte finishes is accelerating. In this blog, we profile the Top 10 Companies in the Matte Paint Industry—a diverse group of chemical giants, specialty coaters, and innovative manufacturers who are setting the standards for quality, durability, and aesthetic appeal globally.

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🔟 1. BASF Coatings

Headquarters: Münster, Germany
Key Offering: Automotive OEM coatings, Industrial coatings, Architectural paints

BASF Coatings is a global leader in the development and production of innovative and sustainable coating systems. Their portfolio includes high-quality matte finishes for the automotive industry, known for their exceptional durability, scratch resistance, and color consistency.

Innovation Initiatives:

• Pioneering waterborne and low-VOC matte coating technologies

• Development of functional matte finishes with enhanced self-healing properties

• Strong focus on sustainable production processes and circular economy principles

Download FREE Sample Report: Matte Paint Market – View in Detailed Research Report

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9️⃣ 2. AkzoNobel N.V.

Headquarters: Amsterdam, Netherlands
Key Offering: Dulux paints, Sikkens coatings, International paints

AkzoNobel is a leading global paints and coatings company with a massive portfolio of decorative and performance coatings. Their expertise in matte finishes spans residential, commercial, and industrial sectors, offering products that combine aesthetic appeal with long-lasting protection.

Innovation Initiatives:

• Investment in R&D for washable and stain-resistant matte paints

• Expansion of eco-friendly matte product lines with recycled content

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8️⃣ 3. PPG Industries, Inc.

Headquarters: Pittsburgh, Pennsylvania, USA
Key Offering: Automotive refinish, Industrial coatings, Architectural coatings

PPG Industries is a worldwide supplier of paints, coatings, and specialty materials. The company offers a comprehensive range of matte finishes designed for various substrates, including advanced matte clear coats for automotive applications that provide a premium, non-reflective look.

Innovation Initiatives:

• Launch of PPG ENVIROCRON® matte powder coatings

• Development of matte finishes for lightweight composites and plastics

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7️⃣ 4. The Sherwin-Williams Company

Headquarters: Cleveland, Ohio, USA
Key Offering: Sherwin-Williams paints, Valspar brands, Industrial coatings

Sherwin-Williams is one of the largest producers of paints and coatings in the United States, with a strong global presence. Their matte paint products are renowned for their exceptional coverage, durability, and extensive color palette, catering to both professional contractors and DIY consumers.

Innovation Initiatives:

• Introduction of EverClean® matte finish with anti-microbial properties

• Sustainable matte paint formulations with low odor and zero VOCs

Download FREE Sample Report: Matte Paint Market – View in Detailed Research Report

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6️⃣ 5. Axalta Coating Systems

Headquarters: Philadelphia, Pennsylvania, USA
Key Offering: Automotive coatings, Refinish products, Industrial coatings

Axalta is a leading global supplier of liquid and powder coatings, with a significant focus on the transportation industry. Their matte finish solutions are engineered for high-performance applications, offering superior appearance retention and environmental resistance.

Innovation Initiatives:

• Advanced matte clear coats for luxury and commercial vehicles

• R&D into quick-drying matte refinish systems

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5️⃣ 6. Nippon Paint Holdings Co., Ltd.

Headquarters: Osaka, Japan
Key Offering: Automotive coatings, Decorative paints, Industrial finishes

Nippon Paint is one of the largest paint manufacturers in Asia, with a rapidly expanding global footprint. The company offers a diverse range of matte paints known for their technological innovation, including products with anti-bacterial and air-purifying properties.

Innovation Initiatives:

• Development of matte paints with anti-pollution technology

• Expansion of low-VOC and odorless matte paint lines

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4️⃣ 7. Kansai Paint Co., Ltd.

Headquarters: Osaka, Japan
Key Offering: Automotive coatings, Industrial coatings, Marine coatings

Kansai Paint is a major global paint and coatings manufacturer with a strong presence in the automotive OEM and refinish markets. Their matte coating technologies are designed to meet the demanding requirements of various industries while maintaining a premium aesthetic.

Innovation Initiatives:

• Innovations in heat-resistant matte coatings for industrial equipment

• Focus on durable matte finishes for harsh environmental conditions

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3️⃣ 8. Jotun A/S

Headquarters: Sandefjord, Norway
Key Offering: Decorative paints, Marine coatings, Protective coatings

Jotun is a leading international producer of paints, coatings, and powder coatings. The company’s matte paint offerings are recognized for their high quality and performance, particularly in the protective and marine coatings segments where durability is paramount.

Innovation Initiatives:

• Development of anti-graffiti matte coatings for public infrastructure

• Sustainable matte paint solutions with bio-based raw materials

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2️⃣ 9. Hempel A/S

Headquarters: Kongens Lyngby, Denmark
Key Offering: Protective coatings, Marine coatings, Decorative paints

Hempel is a worldwide supplier of decorative, protective, and marine coatings. Their matte finish products are engineered for long-term performance in challenging environments, offering excellent corrosion protection and aesthetic appeal.

Innovation Initiatives:

• Investment in R&D for fluoropolymer-based matte finishes

• Expansion of matte coating solutions for the wind energy sector

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1️⃣ 10. RPM International Inc.

Headquarters: Medina, Ohio, USA
Key Offering: Rust-Oleum, Tremco, Carboline coatings

RPM International is a multinational holding company with subsidiaries that manufacture high-performance coatings, sealants, and specialty chemicals. Their matte paint products, marketed under brands like Rust-Oleum, are popular for both consumer and industrial applications due to their ease of use and reliability.

Innovation Initiatives:

• Introduction of matte finish chalked paints for furniture and crafts

• Development of multi-surface matte paints with primer included

Get Full Report Here: Matte Paint Market – View in Detailed Research Report

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🌍 Outlook: The Future of Matte Paint Is Smarter and More Sustainable

The matte paint market is experiencing a significant transformation. While traditional matte finishes continue to dominate in specific applications, the industry is increasingly focused on developing intelligent coatings with enhanced functionalities, improved sustainability profiles, and greater application efficiency.

📈 Key Trends Shaping the Market:

• Rising demand for ultra-durable matte finishes in the automotive sector

• Growing preference for matte aesthetics in interior design and architecture

• Accelerated adoption of bio-based and low-VOC matte paint formulations

• Technological advancements in application methods for consistent matte finishes

Get Full Report Here: Matte Paint Market – View in Detailed Research Report

The companies listed above are not only defining contemporary aesthetics—they’re driving the sustainable evolution of the global coatings industry.