Global Glycidyl Methacrylate (GMA) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Glycidyl Methacrylate (GMA) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Glycidyl Methacrylate (GMA) is an enoate ester obtained by formal condensation of the carboxy group of methacrylic acid with the hydroxy group of glycidol. It is an enoate ester and an epoxide. GMA is a clear, colorless liquid with a pungent odor. It is a common monomer used to make epoxy resins. GMA can be used in the production of polymer coatings and finishes, inks, adhesives, plastics, and elastomers.

Market Overview:

The latest research study on the global Glycidyl Methacrylate (GMA) market finds that the global Glycidyl Methacrylate (GMA) market reached a value of USD 419.16 million in 2022. It’s expected that the market will achieve USD 364.71 million by 2028, exhibiting a CAGR of -2.29% during the forecast period.

Market competition is becoming more and more fierce

Glycidyl methacrylate (GMA) is used in the production of polymer coatings and finishes, inks, adhesives, plastics, and elastomers. Glycidyl methacrylate (GMA) has been widely used in many fields such as medicine, photosensitive materials, and polymer synthesis. In polymer synthesis, it is used as a cross-linking monomer and reactive diluent and is also widely used in adhesives, flame retardant materials, insulating materials, water-absorbing materials, polymer capsules, solvent-based coatings, acrylic and polyester powder coatings, rubber modifiers, and resin modifiers, etc. With the growth of demand in the downstream market, market competition in the glycidyl methacrylate (GMA) industry has gradually intensified.

Growing Demand for Glycidyl Methacrylate (GMA) in the Polymer and Adhesives Industry

Glycidyl methacrylate (GMA) is the ester of methacrylic acid and glycidyl. It is a commonly used monomer in the production of epoxy resins. GMA is also a high-purity, dual-functional monomer ideal for coating and resin applications. GMA can improve the compressive strength, tensile strength, elastic modulus, and other properties of polymer fibers, making it an ideal raw material. The glycidyl methacrylate market has been expanding at a significant rate mainly due to the growth of the polymers and adhesives industry.

On the one hand, with the development of the economy, consumers' demand for consumer products and electronic appliances has increased. Glycidyl methacrylate (GMA) market is driven by increasing demand for polymers in applications such as consumer goods, electronics appliances, and construction. On the other hand, due to the increasing requirements for adhesives and sealants for packaging materials in food, beverage, e-commerce, and other industries, the demand for glycidyl methacrylate (GMA) is obvious. Hence, the increasing demand for Glycidyl Methacrylate (GMA) in the polymer and adhesive industry is driving the Glycidyl Methacrylate (GMA) industry.

Growing demand from the plastics industry is driving the growth of the glycidyl methacrylate (GMA) industry

The world's scientific and industrial circles are aware of the importance of the coordinated development of plastic materials and the environment and are committed to developing cost-effective plastic materials, improving their service life, making full use of the plasticity of plastics, recycling and comprehensively utilizing waste plastic materials, To reduce the double pressure of raw material costs and environmental protection on the plastics industry, the plastic modification technology is becoming more and more mature. Glycidyl methacrylate (GMA) is widely used in plastic modifiers such as PET, PVC, engineering thermoplastics, and rubber.

In recent years, the scope of application of modified plastics in the world has continued to expand, and its use in the fields of automobiles, electronics, packaging, and construction is increasing year by year. Overall, the plastics industry is subject to high demand from downstream markets which is driving the glycidyl methacrylate (GMA) market.

Region Overview:

In 2022, the share of the Glycidyl Methacrylate (GMA) market in North America stood at 44.29%.

Company Overview:

The major players operating in the Glycidyl Methacrylate (GMA) market include Dow Chemicals, Mitsubishi Gas Chemical, Weicheng New Material, xin rui chemical, Nanjing Rongan Chemical, etc. Among which, Dow Chemicals ranked top in terms of sales and revenue in 2023.

Segmentation Overview:

By type, Above 99.5% segment accounted for the largest share of market in 2022.

Application Overview:

By application, the Coatings segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Glycidyl Methacrylate (GMA) market covered in Chapter 3:

lianyungang ningkang chemical
Mitsubishi Gas Chemical
beite
xin rui chemical
Nanjing Rongan Chemical
Qingdao ZKHT Chemical
GP Natural Products
JinDun Chemical
Weicheng New Material
Xiayi Yuhao Additives
Jiangxi Ruixiang
Dow Chemicals

In Chapter 4 and Chapter 14.2, on the basis of types, the Glycidyl Methacrylate (GMA) market from 2018 to 2029 is primarily split into:

Below 99%
Above 99%

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Glycidyl Methacrylate (GMA) market from 2018 to 2029 covers:

Coatings
Plastics
Adhesives
Printing Ink
Resins
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)