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The global glycidyl methacrylate market size is expected to grow in the forecast period of 2022-2027 at a CAGR of 9.80%.
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.
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.
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:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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.
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:
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.
|Scope of the Report||
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|Breakup by Application||
|Breakup by Region||
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Industry Opportunities and Challenges
8 Global Glycidyl Methacrylate Market Analysis
8.1 Key Industry Highlights
8.2 Global Glycidyl Methacrylate Historical Market (2017-2021)
8.3 Global Glycidyl Methacrylate Market Forecast (2022-2027)
8.4 Global Glycidyl Methacrylate Market by Application
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2017-2021)
22.214.171.124 Forecast Trend (2022-2027)
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2017-2021)
184.108.40.206 Forecast Trend (2022-2027)
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2017-2021)
22.214.171.124 Forecast Trend (2022-2027)
8.4.4 Electrical Laminates
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2017-2021)
184.108.40.206 Forecast Trend (2022-2027)
8.4.5 Ion Exchange Resins
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2017-2021)
22.214.171.124 Forecast Trend (2022-2027)
8.5 Global Glycidyl Methacrylate Market by Region
8.5.1 Market Share
126.96.36.199 North America
188.8.131.52 Asia Pacific
184.108.40.206 Latin America
220.127.116.11 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
18.104.22.168 United States of America
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
22.214.171.124 United Kingdom
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
126.96.36.199 Saudi Arabia
188.8.131.52 United Arab Emirates
184.108.40.206 South Africa
10 Market Dynamics
10.1 SWOT Analysis
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Price Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Mitsubishi Gas Chemical Company, Inc.
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
12.2.2 The Dow Chemical Company
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
12.2.3 Estron Chemical, Inc.
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
12.2.4 National Analytical Corporation
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
12.2.5 JIN DUN Materials
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
13 Industry Events and Developments
List of Key Figures and Tables
1. Global Glycidyl Methacrylate Market: Key Industry Highlights, 2017 and 2027
2. Global Glycidyl Methacrylate Historical Market: Breakup by Application (USD Million), 2017-2021
3. Global Glycidyl Methacrylate Market Forecast: Breakup by Application (USD Million), 2022-2027
4. Global Glycidyl Methacrylate Historical Market: Breakup by Region (USD Million), 2017-2021
5. Global Glycidyl Methacrylate Market Forecast: Breakup by Region (USD Million), 2022-2027
6. North America Glycidyl Methacrylate Historical Market: Breakup by Country (USD Million), 2017-2021
7. North America Glycidyl Methacrylate Market Forecast: Breakup by Country (USD Million), 2022-2027
8. Europe Glycidyl Methacrylate Historical Market: Breakup by Country (USD Million), 2017-2021
9. Europe Glycidyl Methacrylate Market Forecast: Breakup by Country (USD Million), 2022-2027
10. Asia Pacific Glycidyl Methacrylate Historical Market: Breakup by Country (USD Million), 2017-2021
11. Asia Pacific Glycidyl Methacrylate Market Forecast: Breakup by Country (USD Million), 2022-2027
12. Latin America Glycidyl Methacrylate Historical Market: Breakup by Country (USD Million), 2017-2021
13. Latin America Glycidyl Methacrylate Market Forecast: Breakup by Country (USD Million), 2022-2027
14. Middle East and Africa Glycidyl Methacrylate Historical Market: Breakup by Country (USD Million), 2017-2021
15. Middle East and Africa Glycidyl Methacrylate Market Forecast: Breakup by Country (USD Million), 2022-2027
16. Global Glycidyl Methacrylate Market Structure
The market is estimated to grow at a global level at a CAGR of 9.80% between 2022 and 2027.
The growing expansion of the textile sector owing to the increasing standards of living is likely to be a key trend in the market.
The major drivers of the market include the increasing demand for glycidyl methacrylate for the manufacturing of various commercial and industrial products, rising demand for electrical laminates and plastics, and rapid urbanisation.
The major regions in the industry are identified as North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Adhesives, coatings, plastics, electrical laminates, and ion exchange resins, among others are the different types considered in the market report.
The major players in the industry are Mitsubishi Gas Chemical Company, Inc., The Dow Chemical Company, Estron Chemical, Inc., National Analytical Corporation, and JIN DUN Materials, among others.
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