According to the report by Expert Market Research (EMR), the global Glycidyl Methacrylate Market Size is projected to grow at a CAGR of 9.80% between 2023 and 2028. Aided by the burgeoning demand for high-quality industrial resins and the increasing applications of glycidyl methacrylate across various industries, the market is expected to grow significantly by 2028.
Glycidyl methacrylate (GMA) is an ester of methacrylic acid. It is predominantly used in the production of polymers and resins due to its dual functionality. The glycidyl group aids in the creation of thermoset systems, offering excellent heat and chemical resistance, while the methacrylate group facilitates free-radical polymerisation, leading to superior mechanical properties. Thus, GMA is an essential component in a myriad of applications, such as coating resins, adhesives, ion exchange resins, and polymer modifications.
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The mounting consumer preference for high-performance coatings and adhesives is a primary driver for the global glycidyl methacrylate market growth. With increasing awareness about the efficiency of glycidyl methacrylate in improving product durability and heat resistance, industries have shown a significant shift towards the adoption of GMA-based products.
The escalating application scope of glycidyl methacrylate across various industries is propelling market growth. The coating industry utilises GMA for its exceptional resistance to heat and chemicals, making it an essential element in protective and marine coatings. The adhesive industry employs GMA for its superior adhesive strength and durability, while in the plastic industry, GMA is used to enhance plastic’s strength and flexibility.
Additionally, the growing trend of lightweight and fuel-efficient vehicles has increased the demand for high-performance plastics, thereby fuelling the glycidyl methacrylate market expansion. GMA-modified plastics offer lightweight and heat-resistant alternatives to traditional metals used in vehicles, contributing to fuel efficiency and overall performance.
In the electronics industry, glycidyl methacrylate finds significant application in the production of high-performance circuit boards and semiconductors. The rapid advancement and miniaturisation of electronic devices have consequently led to an increased demand for GMA.
Further, the rising demand for water treatment systems globally has created an elevated demand for ion exchange resins, a crucial application area of GMA. The increasing concerns about water purity and the consequent rise in the water treatment industry are also contributing to the glycidyl methacrylate market development.
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Glycidyl Methacrylate Market Segmentation
The market can be divided based on application and region.
Market Breakup by Application
• Adhesives
• Coatings
• Plastics
• Electrical Laminates
• Ion Exchange Resins
• Others
Market Breakup by Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global glycidyl methacrylate companies. Some of the major key players explored in the report by Expert Market Research are as follows:
• Mitsubishi Gas Chemical Company, Inc.
• The Dow Chemical Company
• Estron Chemical, Inc.
• National Analytical Corporation
• JIN DUN Materials
• Others
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