The market involves the global production and distribution of GMA, a reactive monomer used in adhesives, coatings, plastics, electronics, and healthcare. It serves as a key ingredient in modifying polymers and enhancing product performance across various industries such as automotive, construction, electronics, medical devices, packaging, and printing.
GMA is a specialty monomer with both epoxy and methacrylate functional groups, making it highly reactive and versatile in polymer chemistry. The report outlines the primary drivers of market growth, along with an in-depth analysis of emerging trends and evolving regulatory frameworks shaping the industry's trajectory.
Glycidyl Methacrylate Market Overview
The global glycidyl methacrylate market size was valued at USD 222.4 million in 2023 and is projected to grow from USD 236.9 million in 2024 to USD 387.9 million by 2031, exhibiting a CAGR of 7.30% during the forecast period. This growth is fueled by the increased adoption of GMA in electronics and advanced materials.
It enhances performance through improved thermal stability, adhesion, and mechanical strength, leading to its increased use in printed circuit board (PCBs), nanocomposites, and high-performance applications across key industrial sectors.
Major companies operating in the glycidyl methacrylate industry are MITSUBISHI GAS CHEMICAL COMPANY INC., Evonik group, Estron, Sumitomo Chemical Co.Ltd, Dow, Lianyungang Ningkang Chemical Co., Ltd, JINDUN CHEMICAL, Junsei Chemical Co. Ltd., KOWA AMERICAN Corporation, GP Natural Products Co. Ltd., Parchem, Kowa Holdings America, Inc., Tokyo Chemical Industry (India) Co.Ltd., Merck KGaA, and Nacalai Tesque Inc.
Market Trends
Several key trends are shaping the GMA market:
Demand Dynamics
The demand for GMA is influenced by several factors:
Market Dynamics
The GMA market is influenced by various dynamic factors:
Future Outlook
The GMA market is expected to maintain its growth trajectory, supported by:
Key Market Players
Prominent companies operating in the GMA market include:
These companies are focusing on strategic initiatives such as mergers and acquisitions, product innovation, and capacity expansion to strengthen their market position.
Market Segmentation
The GMA market can be segmented based on application and region:
Recent Developments
The GMA market has witnessed several notable developments:
Regional Analysis
Conclusion
The glycidyl methacrylate market is set for robust growth through 2031, underpinned by its versatile applications and the expansion of key end-use industries. While challenges such as health concerns and regulatory restrictions exist, ongoing research and technological advancements are paving the way for safer and more sustainable GMA applications. Stakeholders are advised to monitor these developments closely to capitalize on emerging opportunities in this dynamic market.
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