Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, The Global Glycidyl Methacrylate Market Size is Expected to Grow from USD 222.60 Million in 2023 to USD 440.80 Million by 2033, at a CAGR of 7.07% during the forecast period 2023-2033.
Browse 210 Market Data Tables And 45 Figures Spread Through 190 Pages and In-Depth TOC On the Global Glycidyl Methacrylate Market Size, Share, and COVID-19 Impact Analysis, By Purity (Glycidyl methacrylate 97% and Glycidyl methacrylate >=97%), By Application (Coatings, Adhesives, Electrical Laminates and Plastics) and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033.
The glycidyl methacrylate market encompasses demand and supply for glycidyl methacrylate (GMA), a chemical compound used in coatings, biomedical materials, and polymer production, collectively referred to as the GMA market. It includes every aspect of the GMA business ecosystem, including production, distribution, and its different end-use sectors. Glycidyl methacrylate (GMA) is a chemical compound that has two functions: an epoxy (glycidyl) group and a methacrylic double bond. Since it is a monomer, polymers can be constructed from it. It can react with a variety of other functional groups, including carboxyl and hydroxyl groups, due to the epoxy group. Furthermore, motivated by its extensive use in a variety of sectors, such as electronics, adhesives, and coatings. GMA is in high demand in the coatings industry for automotive, aerospace, and marine applications because of its capacity to improve polymer performance, especially adhesion, flexibility, and durability. The increasing demand for high-performance adhesives in packaging and construction is another factor driving the market. However, the market for glycidyl methacrylate (GMA) is confronted with obstacles because of its hazardous nature, such as laws and health risks, as well as possible rivalry from other materials.
The glycidyl methacrylate 97% segment dominated the largest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the purity, the global glycidyl methacrylate market is divided into glycidyl methacrylate 97% and glycidyl methacrylate >=97%. Among these, the glycidyl methacrylate 97% segment dominated the largest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. This accomplishment highlights the segment's increasing industry recognition and clout, which is being fueled by the growing need for GMA in a range of high-performance applications. The 97% purity grade is especially prized for being reasonably priced while maintaining crucial qualities like improved adhesion, flexibility, and durability.
The coatings segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the application, the global glycidyl methacrylate market is divided into coatings, adhesives, electrical laminates, and plastics. Among these, the coatings segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. The need for Glycidyl Methacrylate (GMA) is directly driven by the growing need for high-performance adhesives in sectors like electronics, automotive, and construction. GMA's special qualities improve coatings, durability, and chemical resistance, making it an essential ingredient in the creation of sophisticated bonding solutions.
Asia Pacific is anticipated to hold the highest share of the global glycidyl methacrylate market over the projected period.
Asia Pacific is anticipated to hold the highest share of the global glycidyl methacrylate market over the projected period. GMA usage rose sharply as the automotive, electronics, and construction industries expanded. GMA consumption is driven by the growing need for high-performance adhesives and coatings, which are essential in these industries. GMA is required for coatings and components due to the region's growing electronics manufacturing hub. The use of GMA in adhesives and sealants is increasing due to the Asia Pacific construction boom. The expansion of the automotive industry raises GMA's need for adhesives and coatings even more.
Europe is estimated to grow at the fastest CAGR in the global glycidyl methacrylate market during the forecast period. The use of GMA in coatings and adhesives is growing as a result of the automotive industry's demand for strong, lightweight materials. GMA consumption is increased by the growing need for high-performance coatings in the building and industrial sectors. Specialized GMA applications are required because of the region's focus on innovation and advanced manufacturing. GMA demand is fueled by the need for long-lasting sealants and coatings for infrastructure maintenance and renovation projects.
Company Profiling
Major vendors in the global glycidyl methacrylate market are Dow, Estron Chemical Inc., Haihang Industry Co. Ltd., Mitsubishi Gas Chemical Company, Sumitomo Chemicals, Lianyungang Ningkang Chemical Co., Ltd., Jin Dun Chemical, Hubei Xian Shen Biotechnology Co. Ltd., Kowa American Corporation, Oswal Udhyog, and others.
Key Target Audience
Market Segment
This study forecasts revenue at the global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global glycidyl methacrylate market based on the below-mentioned segments:
Global Glycidyl Methacrylate Market, By Purity
Global Glycidyl Methacrylate Market, By Application
Global Glycidyl Methacrylate Market, By Regional
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