PUBLISHER: 360iResearch | PRODUCT CODE: 1494722
PUBLISHER: 360iResearch | PRODUCT CODE: 1494722
[186 Pages Report] The Glycidyl Methacrylate Market size was estimated at USD 190.82 million in 2023 and expected to reach USD 201.22 million in 2024, at a CAGR 5.76% to reach USD 282.59 million by 2030.
Glycidyl methacrylate (GMA) is a colorless, oily liquid compound which belongs to the family of acrylic esters. It is known for its ability to react with different types of molecules because of its epoxide group, a highly reactive chemical structure. This characteristic makes it an essential component in manufacturing polymers and plastics, providing them with enhanced properties such as improved durability, resistance to heat, and chemical stability. Glycidyl methacrylate is widely used in various industrial applications, including coatings, adhesives, and resins. Its versatility and reactivity make it a valuable chemical in creating products that require specific performance attributes. The increasing need for materials that can withstand high temperatures and provide electrical insulation in electronics and automotive applications boosts the demand for GMA. In addition, growing construction activities worldwide boost the need for high-performance coatings and adhesive materials, significantly propelling the landscape of GMA. However, strict regulations related to the GMA and health concerns associated with these materials' exposure present a significant challenge for the manufacturers and end users. Innovation in the processing and synthesis of GMA is a significant opportunity for the manufacturers. Innovating biocompatible adhesives and drug delivery systems that meet stringent health industry standards can open new market avenues.
Regional Insights
In America, particularly in the United States and Canada, there is a strong focus on advanced manufacturing techniques, including using GMA in high-performance polymers and coatings. Consumer needs for durable and long-lasting materials in automobiles, electronics, and construction drive demand. The market in these countries benefits from robust research infrastructures and investment in innovation, making them leaders in advanced glycidyl methacrylate applications. On the other hand, EMEA is characterized by strict environmental and safety regulations, significantly impacting GMA usage and disposal. The automotive and electronics sectors drive demand in the EMEA, with a strong focus on sustainability and reducing emissions. Advanced research and development activities, supported by government initiatives, aim to promote safer and more eco-friendly applications of GMA. Moreover, in the Asia Pacific region, the glycidyl methacrylate (GMA) market is experiencing significant growth due to its expanding applications in various industries such as plastics, adhesives, and coatings. This growth is driven by the booming manufacturing sector in countries such as China and India, which are major consumers and producers of GMA. The demand for GMA in the Asia Pacific is further fueled by its essential role in producing polymers with enhanced features, including improved resistance to heat, solvents, and corrosion.
Market Insights
The market dynamics represent an ever-changing landscape of the Glycidyl Methacrylate Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
FPNV Positioning Matrix
The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Glycidyl Methacrylate Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Glycidyl Methacrylate Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Recent Developments
Rohm Inaugurates Advanced PMMA Facility in Germany to Meet Rising Demand
Rohm officially launched a state-of-the-art methacrylate manufacturing plant in Germany. This significant development underscores Rohm's commitment to innovation and sustainability, as the new facility is designed with cutting-edge technologies, ensuring efficient production processes. By expanding its production footprint, Rohm aims to enhance service delivery and meet the evolving needs of its global clientele, reinforcing its status as a significant player in the methacrylate market. [Published On: 2024-02-27]
Roehm Introduces Eco-Conscious MeracrylTM R ProTerra MMA, Revolutionizing the Chemical Industry
Roehm unveiled Meracryl R ProTerra Methyl Methacrylate (MMA), marking a significant leap forward in adopting sustainable practices within the chemical industry. This innovative MMA variant, derived from renewable raw materials, signifies Roehm's commitment to minimizing environmental impact while maintaining product quality and performance. The launch of Meracryl R ProTerra demonstrates a pivotal shift towards ecological responsibility, showcasing Roehm's dedication to combining scientific advancement with sustainable development. [Published On: 2023-09-25]
Strategy Analysis & Recommendation
The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Glycidyl Methacrylate Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
Key Company Profiles
The report delves into recent significant developments in the Glycidyl Methacrylate Market, highlighting leading vendors and their innovative profiles. These include Arkema SA, Ataman Kimya, BASF SE, Eastman Chemical Company, Estron Chemical, Inc., Evonik Industries AG, Hexion Inc., Huntsman Corporation, Jiangsu Sanmu Group Co., Ltd., Kowa American Corporation, Kuraray Co., Ltd, LG Chem Ltd., LOTTE Chemical Corporation, Merck KGaA, Mitsubishi Gas Chemical Company, Inc., Nippon Shokubai Co., Ltd., Osaka Organic Chemical Industry Ltd., SimSon Pharma Limited, Sumitomo Chemical Co., Ltd., The Dow Chemical Company, and Tokyo Chemical Industry.
Market Segmentation & Coverage
This research report categorizes the Glycidyl Methacrylate Market to forecast the revenues and analyze trends in each of the following sub-markets: