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Glycidyl Methacrylate Market Trends

  • Report ID: GMI4293
  • Published Date: Aug 2024
  • Report Format: PDF

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.

Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

Global market size for glycidyl Methacrylate achieved USD 215.7 Million in 2023 and will grow at 7.4% CAGR from 2024 to 2032, driven by increasing demand for polymers across key industries such as consumer goods, electronics, and building & construction.

The glycidyl methacrylate <97% purity segment was worth USD 67.2 million in 2023, owing to its cost-effectiveness while still delivering essential properties such as enhanced adhesion, flexibility, and durability.

Asia Pacific market was worth USD 91.2 million in 2023, owing to the shift towards natural and plant-based ingredients, driven by rising environmental awareness and the increasing demand for sustainable products.

Hubei Xiansheng Biotechnology, OswalUdhyog, Merck KGaA, Haihang Industry Co. Ltd., Evonik Industries, Wuhan Sincere-star Chemical Co., Ltd, Lianyungang Ningkang Chemical Co., Ltd, and Sumitomo Chemicals among others.

Glycidyl Methacrylate Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 16
  • Tables & Figures: 172
  • Countries covered: 22
  • Pages: 200
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