M312 is a low–wax, resin-based physical matting agent designed specifically for outdoor TGIC powder-coating systems. With an addition level of 3–6%, it provides stable matte finishes in the 10–30% gloss range, making it ideal for architectural, industrial, and black-tone coatings. Thanks to its low wax content and controlled particle morphology, M312 offers excellent stability, uniform appearance, and minimal gloss or color shift even under over-baking conditions. Its formulation enables consistent outdoor performance while maintaining strong compatibility across various powder-coating applications.