Glycidyl Methacrylate Market To Reach $355.64 Million By 2030

Glycidyl Methacrylate Market Growth & Trends

The global glycidyl methacrylate market size is anticipated to reach USD 355.67 million by 2030 and is expected to expand at a CAGR of 7.5% during the forecast period, according to a new report by Grand View Research, Inc. The glycidyl methacrylate (GMA) market is driven by increasing demand for high-performance coatings and adhesives across diverse industries due to industrial growth, technological advancements, and stringent environmental regulations.

Glycidyl methacrylate (GMA) is a clear, colorless liquid with a sharp odor. It is a combustible liquid and vapor and is readily miscible with most of the organic solvents. Glycidyl methacrylate is an ester of methacrylic acid & glycidol and is used for the production of automotive coatings, adhesives, electrical laminates, multifunctional acrylates, and hydrogenated liquid epoxy resin (LER). Glycidyl methacrylate has a variety of uses in metal coatings due to its protection properties, such as corrosion resistance, weather ability, and chemical resistance.

Rising demand for protective, chemical-resistive, and heat-resistive packaging for foods & beverages, electronics, and consumer goods is expected to raise the demand for plastics, hence acting as a market driver for the glycidyl methacrylate market.

Asia Pacific occupies the major share of the global glycidyl methacrylate market. China and India are the major contributors to the growth of this region owing to the increasing demand for plastics and coatings from electronic, consumer goods, and construction industries. In North America, growth will be primarily due to the rising demand for coatings for industrial purposes. Europe will exhibit growth in the glycidyl methacrylate market due to the growing demand for glycidyl methacrylate in the automotive, electronics, and other sectors. The rising construction & architectural activities in Latin America will increase the demand for coatings and adhesives, hence growing the glycidyl methacrylate market. The Middle East & Africa will display development in the glycidyl methacrylate market due to the high requirement for coatings in industries.

Some of the notable companies in global glycidyl methacrylate market are The Dow Chemical Company, Estron Chemical Inc., Haihang Industry Co. Ltd., Mitsubishi Gas Chemical Company, Sumitomo Chemicals, Lianyungang Ningkang Chemical Co., Ltd., Jin Dun Chemical, Hubei Xian Shen Biotechnology Co. Ltd., Kowa American Corporation, Oswal Udhyog, Merck KGaA, and other key players.

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Glycidyl Methacrylate Market Report Highlights

• The coatings segment is expected to have the largest revenue share of 51.1% in 2024. Rising construction and architectural activities in Latin America are increasing the demand for coatings and adhesives, which is growing the glycidyl methacrylate market

• Asia Pacific is the dominant region in the glycidyl methacrylate market, with a revenue share of 35.4% in 2024. The region's expanding electronics manufacturing hub necessitates GMA for components and coatings. A construction boom across Asia-Pacific boosts GMA use in adhesives and sealants. The automotive sector's growth further elevates GMA demand for coatings and adhesives.

• In the year 2022, Dow announced that to increase the production of glycidyl methacrylate, it would complete its project at Freeport, Texas.

Glycidyl Methacrylate Market Segmentation

Grand View Research has segmented the global glycidyl methacrylate market on the basis of application and region:

Glycidyl Methacrylate Application Outlook (Revenue, USD Million, 2018 - 2030)

• Coatings

• Adhesives

• Electrical Laminates

• Plastics

• Others

Glycidyl Methacrylate Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

• Latin America

  • Brazil

  • Argentina

• Middle East & Africa

  • Saudi Arabia

  • South Africa

List of Key Players in the Glycidyl Methacrylate Market

• Dow

• Estron Chemical Inc.

• Haihang Industry Co. Ltd.

• Mitsubishi Gas Chemical Company

• Sumitomo Chemicals

• Lianyungang Ningkang Chemical Co., Ltd.

• Jin Dun Chemical

• Hubei Xian Shen Biotechnology Co. Ltd.

• Kowa American Corporation

• Oswal Udhyog