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The global glycidyl methacrylate market size is expected to grow in the forecast period of 2023-2028 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.
REPORT FEATURES | DETAILS |
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Base Year | 2022 |
Historical Period | 2018-2022 |
Forecast Period | 2023-2028 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Price Analysis |
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Competitive Landscape |
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Companies Covered |
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*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.
1 Preface
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
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Glycidyl Methacrylate Market Analysis
8.1 Key Industry Highlights
8.2 Global Glycidyl Methacrylate Historical Market (2018-2022)
8.3 Global Glycidyl Methacrylate Market Forecast (2023-2028)
8.4 Global Glycidyl Methacrylate Market by Application
8.4.1 Adhesives
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Coatings
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Plastics
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Electrical Laminates
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.4.5 Ion Exchange Resins
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2018-2022)
8.4.5.3 Forecast Trend (2023-2028)
8.4.6 Others
8.5 Global Glycidyl Methacrylate Market by Region
8.5.1 North America
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Europe
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.5.3 Asia Pacific
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2017-2021)
8.5.3.3 Forecast Trend (2022-2027)
8.5.4 Latin America
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2017-2021)
8.5.4.3 Forecast Trend (2022-2027)
8.5.5 Middle East and Africa
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2017-2021)
8.5.5.3 Forecast Trend (2022-2027)
9 North America Glycidyl Methacrylate Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2017-2021)
9.1.3 Forecast Trend (2022-2027)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2017-2021)
9.2.3 Forecast Trend (2022-2027)
10 Europe Glycidyl Methacrylate Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2017-2021)
10.1.3 Forecast Trend (2022-2027)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2017-2021)
10.2.3 Forecast Trend (2022-2027)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2017-2021)
10.3.3 Forecast Trend (2022-2027)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2017-2021)
10.4.3 Forecast Trend (2022-2027)
10.5 Others
11 Asia Pacific Glycidyl Methacrylate Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2017-2021)
11.1.3 Forecast Trend (2022-2027)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2017-2021)
11.2.3 Forecast Trend (2022-2027)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2017-2021)
11.3.3 Forecast Trend (2022-2027)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2017-2021)
11.4.3 Forecast Trend (2022-2027)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2017-2021)
11.5.3 Forecast Trend (2022-2027)
11.6 Others
12 Latin America Glycidyl Methacrylate Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2017-2021)
12.1.3 Forecast Trend (2022-2027)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2017-2021)
12.2.3 Forecast Trend (2022-2027)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2017-2021)
12.3.3 Forecast Trend (2022-2027)
12.4 Others
13 Middle East and Africa Glycidyl Methacrylate Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2017-2021)
13.1.3 Forecast Trend (2022-2027)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2017-2021)
13.2.3 Forecast Trend (2022-2027)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2017-2021)
13.3.3 Forecast Trend (2022-2027)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2017-2021)
13.4.3 Forecast Trend (2022-2027)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Mitsubishi Gas Chemical Company, Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 The Dow Chemical Company
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Estron Chemical, Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 National Analytical Corporation
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 JIN DUN Materials
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Glycidyl Methacrylate Market: Key Industry Highlights, 2018 and 2028
2. Global Glycidyl Methacrylate Historical Market: Breakup by Application (USD Million), 2018-2022
3. Global Glycidyl Methacrylate Market Forecast: Breakup by Application (USD Million), 2023-2028
4. Global Glycidyl Methacrylate Historical Market: Breakup by Region (USD Million), 2018-2022
5. Global Glycidyl Methacrylate Market Forecast: Breakup by Region (USD Million), 2023-2028
6. North America Glycidyl Methacrylate Historical Market: Breakup by Country (USD Million), 2018-2022
7. North America Glycidyl Methacrylate Market Forecast: Breakup by Country (USD Million), 2023-2028
8. Europe Glycidyl Methacrylate Historical Market: Breakup by Country (USD Million), 2018-2022
9. Europe Glycidyl Methacrylate Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Asia Pacific Glycidyl Methacrylate Historical Market: Breakup by Country (USD Million), 2018-2022
11. Asia Pacific Glycidyl Methacrylate Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Latin America Glycidyl Methacrylate Historical Market: Breakup by Country (USD Million), 2018-2022
13. Latin America Glycidyl Methacrylate Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Middle East and Africa Glycidyl Methacrylate Historical Market: Breakup by Country (USD Million), 2018-2022
15. Middle East and Africa Glycidyl Methacrylate Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Global Glycidyl Methacrylate Market Structure
The market is estimated to grow at a global level at a CAGR of 9.80% between 2023 and 2028.
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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