Global Glycidyl Methacrylate Market Report and Forecast 2024-2032

Global Glycidyl Methacrylate Market Outlook

The global glycidyl methacrylate market size is expected to grow in the forecast period of 2024-2032 at a CAGR of 9.80%.

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Increasing Demand for Adhesives is Driving Growth of the Global Glycidyl Methacrylate Industry

Glycidyl methacrylate is a crucial component in the production of adhesives. Therefore, the growing demand for adhesives in various end use industries such as manufacturing, and building and construction, among others, is driving the market growth. Over the forecast period, adhesives are likely to witness a high demand in the packaging sector to fulfil the requirements of industries such as food and beverage, and e-commerce.

The thriving HVAC manufacturing and agricultural sector in the emerging economies is anticipated to support the adhesives market growth. Adhesives are also important in the energy sector for bonding structural parts. The growing expansion of energy market owing to the global increase in the demand for energy is likely to surge the demand for adhesives, accelerating the glycidyl methacrylate industry growth.

Asia Pacific Leading the Market for Glycidyl Methacrylate

The glycidyl methacrylate market in the Asia Pacific region is being driven by the increasing demand for plastics owing to the growing expansion of textile sector, and robust production of consumer goods. In the coming years, the strong foothold of major automotive players in the region is anticipated to generate a high demand for automotive coatings.

The increasing demand for packaged food due to improving living standards is likely to boost the growth of packaging industry which is likely to propel the demand for glycidyl methacrylate. Furthermore, there are rapid investments in construction projects in countries like India and China, which is attributable to the large population base. These investments are likely to lead to an increased demand for adhesives and sealants in the forecast period.

Market Segmentation

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Glycidyl methacrylate refers to a colourless enoate ester procured by formally condensing carboxy group of methacrylic acid with the hydroxy group of glycidol. It has a fruity odour and is used in the production of epoxy resins. It is a combustible liquid easily soluble in several organic solvents. Some significant properties of the product, which include corrosion resistance, and weather ability, make it applicable in the industrial sector.

Based on application, the market can be segmented into:

• Adhesives

• Coatings

• Plastics

• Electrical Laminates

• Ion Exchange Resins

• Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Growing Expansion of Various End Use Industries to Boost the Growth of the Glycidyl Methacrylate Market

Glycidyl methacrylate is used extensively in the manufacturing of industrial and commercial products such as plastics, electrical laminates, and metals coatings, among others, which is driving the market growth. Over the forecast period, the increasing demand for plastics in the production of textiles, consumer products, and industrial machinery, among others, is anticipated to fuel the market. The high chemical and corrosion resistance offered by this product is likely to boost the demand for the product in manufacturing automotive coatings.

Moreover, the increasing application of electronic laminates in the production of electrical isolation materials used in transformers, generators, and electrical machinery, is likely to generate the demand for glycidyl methacrylate in the coming years. Furthermore, the product is also utilised in the manufacturing of paints, varnishes, adhesives, thermoplastics, and fibres, among others. In this regard, the increasing expansion of do-it-yourself sector owing to the increasing disposable, and rapid urbanisation is likely to propel the manufacturing of glycidyl methacrylate in the forecast period.

Key Players in the Global Glycidyl Methacrylate Market

The report gives a detailed analysis of the following key players in the global glycidyl methacrylate market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Mitsubishi Gas Chemical Company, Inc.

• The Dow Chemical Company

• Estron Chemical, Inc.

• National Analytical Corporation

• JIN DUN Materials

• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report