PUBLISHER: Grand View Research | PRODUCT CODE: 1701611
PUBLISHER: Grand View Research | PRODUCT CODE: 1701611
The global glycidyl methacrylate market size is anticipated to reach USD 355.67 million by 2030 and is expected to expand at a CAGR of 7.5% during the forecast period, according to a new report by Grand View Research, Inc. The glycidyl methacrylate (GMA) market is driven by increasing demand for high-performance coatings and adhesives across diverse industries due to industrial growth, technological advancements, and stringent environmental regulations.
Glycidyl methacrylate (GMA) is a clear, colorless liquid with a sharp odor. It is a combustible liquid and vapor and is readily miscible with most of the organic solvents. Glycidyl methacrylate is an ester of methacrylic acid & glycidol and is used for the production of automotive coatings, adhesives, electrical laminates, multifunctional acrylates, and hydrogenated liquid epoxy resin (LER). Glycidyl methacrylate has a variety of uses in metal coatings due to its protection properties, such as corrosion resistance, weather ability, and chemical resistance.
Rising demand for protective, chemical-resistive, and heat-resistive packaging for foods & beverages, electronics, and consumer goods is expected to raise the demand for plastics, hence acting as a market driver for the glycidyl methacrylate market.
Asia Pacific occupies the major share of the global glycidyl methacrylate market. China and India are the major contributors to the growth of this region owing to the increasing demand for plastics and coatings from electronic, consumer goods, and construction industries. In North America, growth will be primarily due to the rising demand for coatings for industrial purposes. Europe will exhibit growth in the glycidyl methacrylate market due to the growing demand for glycidyl methacrylate in the automotive, electronics, and other sectors. The rising construction & architectural activities in Latin America will increase the demand for coatings and adhesives, hence growing the glycidyl methacrylate market. The Middle East & Africa will display development in the glycidyl methacrylate market due to the high requirement for coatings in industries.
Some of the notable companies in global glycidyl methacrylate market are The Dow Chemical Company, 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, Merck KGaA, and other key players.