Glycidyl Methacrylate Market - By Purity (Glycidyl Methacrylate <97% [By Application, By End-Use {Manufacturing Units, Packaging Units}], Glycidyl Methacrylate >=97% [By Application, By End-Use]) & Forecast, 2024-2032

Glycidyl Methacrylate Market Size

Glycidyl Methacrylate Market size achieved USD 215.7 million in 2023 and will grow at 7.4% CAGR from 2024 to 2032. The market is poised for substantial growth, driven by increasing demand for polymers across key industries such as consumer goods, electronics, and building & construction. With global polymer production exhibiting significant growth potential, the market is set to expand.
 

Glycidyl methacrylate is commonly used with other monomers to produce polymers characterized by high hardness, strength, and resistance to water, solvents, and heat. Additionally, the rising demand for biobased plastics, fueled by growing environmental consciousness and a booming medical devices sector, further contributes to the market's expansion.
 

Moreover, the market's growth is bolstered by the increasing demand for adhesives and sealants, essential for meeting the evolving packaging needs of the food & beverage and e-commerce industries. The global adhesives & sealants sector is projected to experience robust growth potential. Glycidyl methacrylate plays a crucial role in enhancing the adhesiveness of hot melt adhesives, making it ideal for bonding materials like leather-rubber and leather-leather. The growing preference for lightweight materials in the automotive and aerospace sectors, coupled with innovations in green adhesives, is expected to drive further growth in the market.
 

Rising prevalence of stringent regulations on the use, sale and labelling of the product is likely to hinder market growth. Europe’s Classification, Labelling and Packaging regulation classifies this product as a high-risk hazard owing to its ability to cause eye damage, skin burns, organ damage, cancer and reduction in fertility. Code of Federal Regulations of the U.S. FDA allows the use of GMA based adhesives for food packaging provided they are separated from the food product by a barrier and do not exceed prescribed quantities.  However, companies are engaging in innovation to enhance safety performance and in production capacity expansion to satisfy rising customer demand which is likely to boost market revenue.
 

Glycidyl Methacrylate Market Trends

The Glycidyl Methacrylate (GMA) market is experiencing notable growth driven by its widespread application in various industries, including coatings, adhesives, and electronics. GMA is valued for its ability to enhance the performance of polymers, particularly in terms of adhesion, flexibility, and durability, which is boosting its demand in the coatings industry for automotive, aerospace, and marine applications. The market is also benefiting from the growing need for high-performance adhesives in the construction and packaging sectors. Furthermore, the electronics industry is increasingly adopting GMA for advanced applications, including printed circuit boards and semiconductor packaging, due to its superior electrical insulation properties.
 

Another significant trend in the GMA market is the shift towards eco-friendly and sustainable products. Manufacturers are focusing on developing bio-based GMA as a response to the rising environmental concerns and stringent regulations regarding the use of petrochemical-based products. This trend is expected to open new opportunities for market players, particularly in regions like Europe and North America, where environmental regulations are more stringent. Additionally, the market is witnessing increasing investments in research and development to improve the efficiency and cost-effectiveness of GMA production processes, further propelling market growth.
 

Glycidyl Methacrylate Market Analysis

The glycidyl methacrylate <97% purity segment of the market is poised for significant growth, with projections indicating it will reach a substantial milestone of USD 67.2 million in 2023. This achievement underscores the segment's growing prominence and influence within the industry, driven by the rising demand for GMA in various high-performance applications. The <97% purity grade is particularly valued for its cost-effectiveness while still delivering essential properties such as enhanced adhesion, flexibility, and durability. These attributes make it an attractive option for use in coatings, adhesives, and sealants, especially in sectors like construction, automotive, and electronics, where high-performance materials are crucial.
 

Additionally, the segment's robust compound annual growth rate (CAGR) of 7.8% highlights its increasing adoption across industries, as manufacturers and end-users alike seek efficient and economically viable solutions without compromising on quality. The anticipated growth is also reflective of the broader market trends favoring products that balance performance with cost, further solidifying the segment's role as a key contributor to the overall expansion of the glycidyl methacrylate market.
 

The adhesives application segment within the Glycidyl Methacrylate <97% market is anticipated to experience robust growth, with projections indicating it will expand to USD 12.9 million by 2024. This segment's expansion is driven by the increasing demand for high-performance adhesives across various industries, including automotive, construction, and electronics. Expected to achieve a compound annual growth rate (CAGR) of 8.1% from 2024 to 2032, this growth underscores the segment's critical role in the market, as manufacturers prioritize adhesives that offer enhanced bonding strength, durability, and flexibility. The consistent demand for efficient and cost-effective adhesive solutions will continue to propel this segment's prominence within the Glycidyl Methacrylate <97% market in the coming years.
 

Asia Pacific glycidyl methacrylate sector is poised for remarkable growth, with its market value expected to reach USD 91.2 million by 2032. This growth reflects a significant shift in the region towards natural and plant-based ingredients, driven by rising environmental awareness and the increasing demand for sustainable products. Industries across the region, particularly in sectors such as coatings, adhesives, and electronics, are increasingly adopting glycidyl methacrylate due to its versatile applications and the growing emphasis on eco-friendly solutions. This trend underscores the region's pivotal role in the global market and highlights the evolving consumer preferences and regulatory landscape favoring sustainable materials.
 

Glycidyl Methacrylate Market Share

The glycidyl methacrylate industry features a range of prominent players, including industry leaders such as Dow Chemicals, Evonik Industries, and Mitsubishi Gas Chemical Company. These companies are at the forefront of the market, leveraging their extensive experience and resources to drive innovation and meet the growing demand for high-performance materials. Additionally, notable contributors like Kowa American Corporation, Estron Chemical, and Merck KGaA are integral to the market, providing a variety of glycidyl methacrylate products that cater to diverse industrial applications. Their established reputations and advanced technologies play a key role in shaping market trends and ensuring the availability of high-quality products.
 

Other significant market participants include Zhonglan Industry, Jindun Chemical, Hubei Xiansheng Biotechnology, and Sumitomo Chemicals, each bringing unique strengths to the sector. Companies like Haihang Industry Co. Ltd., Wuhan Sincere-star Chemical Co., Ltd., Lianyungang Ningkang Chemical Co., Ltd., Oswal Udhyog, and Alfa Chemistry further contribute to the market's dynamic landscape. Their involvement underscores the competitive nature of the industry and highlights the importance of continuous innovation and adaptability in meeting evolving market demands. Collectively, these players drive the growth and development of the market, catering to a wide range of applications and customer needs.
 

Glycidyl Methacrylate Market Companies

Top companies operating in the industry include:

• Dow Chemicals
• Kowa American Corporation
• Estron Chemical
• Zhonglan Industry
• Jindun Chemical
• Mitsubishi Gas Chemical Company
• Hubei Xiansheng Biotechnology
• OswalUdhyog
• Merck KGaA
• Haihang Industry Co. Ltd.
• Evonik Industries
• Wuhan Sincere-star Chemical Co., Ltd
• Lianyungang Ningkang Chemical Co., Ltd
• Sumitomo Chemicals
• Zhonglan Industry
• Alfa Chemistry
   

Glycidyl Methacrylate Industry News

• In the year, 2022, Dow chemical company announced that to increase the production of glycidyl methacrylate, it would complete its the project at freeport, texas
   
• In 2023, Mitsubishi had the chemical company announced its plant in Niigata to increase production.
   

The glycidyl methacrylate market research report includes in-depth coverage of the industry, with estimates and forecasts in terms of revenue and volume (USD Million) (Kilo Tons) from 2024 to 2032, for the following segments:

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Market, By Purity

• Glycidyl methacrylate <97%
  • Application
    • Adhesives
    • Coatings
    • Plastics
    • Printing ink
    • Ion exchange resin
    • Fiber treatment agent
    • Antistatic additive
    • Electrical laminates
    • Others
  • End-use
    • Manufacturing unit
    • Packaging unit
• Glycidyl methacrylate >=97%
  • Application
    • Adhesives
    • Coatings
    • Plastics
    • Printing ink
    • Ion exchange resin
    • Fiber treatment agent
    • Antistatic additive
    • Electrical laminates
    • Others
  • End-use
    • Manufacturing unit
    • Packaging unit

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• MEA
  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of MEA