Global Glycidyl Methacrylate Market to Cross $ 250 Mn by 2025

February 05, 2020


According to the research report titled ‘Glycidyl Methacrylate Market Size By Purity (Glycidyl Methacrylate <97% [By Application {Adhesives, Coatings, Plastics, Printing Ink, Ion Exchange Resins, Fiber Treatment Agent, Antistatic Additive, Electrical Laminates}, By End-Use {Manufacturing Units, Packaging Units}], Glycidyl Methacrylate >=97% [By Application {Adhesives, Coatings, Plastics, Printing Ink, Ion Exchange Resins, Fiber Treatment Agent, Antistatic Additive, Electrical Laminates}, By End-Use {Manufacturing Units, Packaging Units}]), Industry Analysis Report, Regional Analysis (U.S., Canada, Mexico, Germany, UK, France, Italy, Spain, Netherlands, Sweden, China, Japan, India, South Korea, Australia, Malaysia, Brazil, Argentina, Saudi Arabia, UAE, Qatar, South Africa), Application Development, Price Trends, Competitive Market Share & Forecast, 2019 – 2025’, available at MarketStudyReport.com, the global glycidyl methacrylate market is expected to surpass USD 250 million by 2025.
 

According to the report, improving global economic conditions coupled with growing demand for polymer coating from automobile industry are major factors driving the glycidyl methacrylate market growth. Glycidyl methacrylate is used as a reaction monomer in polymerization and post-polymerization modification. Flourishing automotive industry and growing demand for glues and adhesives in Japan and China are further aiding the market expansion.
 

As per purity, less than 97% pure glycidyl methacrylate market segment exceeded USD 40 million in the year 2018 owing to growing demand for electrical equipment such as switchgears and transformers across the globe. This material offers high flame resistance and low softening point and hence is extensively used to manufacture epoxy resins. This factor along with rising adoption of high-performance polymer composites from automotive and aerospace industries are fueling the segmental growth.
 

On the other hand, more than or equal to 97% pure glycidyl methacrylate market from adhesives application segment is presumed to surpass USD 35.5 million by the year 2025. Growing demand as a welding alternative in automotive industry in order to reduce vehicle emissions and weight are favoring the market outlook. Rapid expansion of middle class population along with hectic lifestyle are boosting the product demand from construction, packaging, and assembly sectors.
 

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Considering the geographical landscape, North America glycidyl methacrylate industry is expected to grow by 8.5% during the forecast period. The product is widely used in manufacturing transformers, printed circuit boards, insulators, bushings, and motors. Increasing utilization for printed and flexible electronics in retail and packaging sector are fostering the regional growth. Adding to this, increasing awareness pertaining to benefits of wearable electronic products including wrist bands and watches are facilitating the business scenario.
 

Haihang Industry Co. Ltd., Merck KGaA, Oswal Udhyog, Hubei xiansheng Biotechnology, Mitsubishi Gas Chemical Co., Jindun Chemical, Zonglan Industry, Estron Chemical, Kowa America Corporation and Dow Chemicals are the prominent companies operating in the glycidyl methacrylate market.


Frequently Asked Questions (FAQ) :

According to the report, improving global economic conditions coupled with growing demand for polymer coating from automobile industry are major factors driving the glycidyl methacrylate market growth. Glycidyl methacrylate is used as a reaction monomer in polymerization and post-polymerization modification. Flourishing automotive industry and growing demand for glues and adhesives in Japan and China are further aiding the market expansion.
The less than 97% pure glycidyl methacrylate market segment exceeded USD 40 million in the year 2018 owing to growing demand for electrical equipment such as switchgears and transformers across the globe. This material offers high flame resistance and low softening point and hence is extensively used to manufacture epoxy resins. This factor along with rising adoption of high-performance polymer composites from automotive and aerospace industries are fueling the segmental growth.
North America glycidyl methacrylate industry is expected to grow by 8.5% during the forecast period. The product is widely used in manufacturing transformers, printed circuit boards, insulators, bushings, and motors. Increasing utilization for printed and flexible electronics in retail and packaging sector are fostering the regional growth. Adding to this, increasing awareness pertaining to benefits of wearable electronic products including wrist bands and watches are facilitating the business scenario.
Haihang Industry Co. Ltd., Merck KGaA, Oswal Udhyog, Hubei xiansheng Biotechnology, Mitsubishi Gas Chemical Co., Jindun Chemical, Zonglan Industry, Estron Chemical, Kowa America Corporation, and Dow Chemicals are the prominent companies operating in the glycidyl methacrylate market.