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Global Glycidyl Methacrylate Market Set For Rapid Growth And Trend, By 2025 | TMR
Glycidyl methacrylate (GMA) is an ester of methacrylic acid and glycidol. It is a common monomer used in the production of epoxy resins. GMA is also a high purity, dual functionality monomer ideally suited for coating and resin applications. The Glycidyl Methacrylate market has been expanding at a significant pace primarily due to the growth in polymer and adhesives industries. Epoxies contain diglycidyl ether of bisphenol A (DGEBA), while GMA is used to provide epoxy functionalization to polyolefins and other acrylate resins. Several global companies such as Dow Chemical produce GMA.
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GMA is used in various applications, such as industrial & protective finishes and waterborne coating resins, to improve the physical and chemical properties of products the plastic segment of the Glycidyl Methacrylate market has been expanding substantially due to the extensive usage of GMA in adhesives, industrial coatings, and latex. Additionally, rise in investments in R& D activities is driving the Glycidyl Methacrylate market.
Based on application, the Glycidyl Methacrylate market can be divided into automotive coating, powder coating, radiation curable coating, industrial and protecting finishes, adhesives, and plastic modifiers. GMA allows copolymerization functionality with other vinyl monomers in non-aqueous and aqueous solutions, thus making these useful solutions in the packaging sector. GMA is also largely used in plastic modifiers such as PET, PVC, engineering thermoplastics, and rubber. Thus, it is useful in end-user industries such as packaging. Expansion in the polymer industry and rise in usage of plastics in the packaging industry are estimated to propel the Glycidyl Methacrylate market during the forecast period.
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Global Glycidyl Methacrylate Market: Key Players
Prominent players operating in the Glycidyl Methacrylate Market include Dow Chemicals, Estron Chemicals, Evonik Industries, Sumitomo Chemicals, and Mitsubishi Gas Chemical.
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