Top 3 trends fueling global Glycidyl Methacrylate Market outlook | By Top Key Participant Dow Chemicals, Kowa American Corporation, Estron Chemical, Zhonglan Industry

Glycidyl methacrylate market share is poised to increase commendably by the end of the forecast timeframe due to extensive usage of the material in manufacturing paper, specialty bags, and multi-walls. Glycidyl methacrylate (GMA) has exceptional barrier properties, chemical resistance, and corrosion protection. Increased demand of adhesives and coatings in the packaging, manufacturing and construction segments will help GMA suppliers expand business scope.

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Accelerating consumption of packaged food products globally along with shifting consumer preferences toward high-tech electronic products is slated to provide a substantial boost to the packaging sector. Use of GMA in adhesives in product coating and packing materials will bolster glycidyl methacrylate industry size in near future. Consistent rise in investments for construction of new buildings will warrant the deployment of high-quality coating and plastic solutions, in turn stimulating the demand for GMA.

Enumerated below are key trends defining potential opportunities for global GMA market:

Increased deployment in adhesive applications

The use of advanced adhesive technologies has been prominently rising over the past decade as high-performance adhesives provide several advantages for construction industry. From ceramic tile installation to construction of flooring underlayment, adhesives and drywall lamination adhesives are getting popular. Manufacturing and designing of breakthrough products with specific product properties as well as commercial benefits requires proper bonding materials.

Growing demands for GMA-based adhesives would open up new opportunities for glycidyl methacrylate suppliers. Adhesive bonding has found distinctive applications in several areas from traditional industries like construction, packaging to high technology industries such as electronics, aerospace, and automotive. U.S. glycidyl methacrylate market is anticipated to record gains of nearly 9.5% over 2019-2025 from adhesive applications, attributed to the increasing demand for composite joints from different industry verticals.

Cutting edge building materials and amplified investments for infrastructure development in emerging economies like India, Japan, and China will dramatically improve the prospects for GMA industry

Consistent growth of the packaging sector

Owing to recent trend of lifestyle changes among consumers with their busy schedule, they get lesser time to prepare food, which leads to more processed food being consumed and inadvertently results in the development of new and innovative food packaging materials. Nowadays, brand owners are coming up with distinctive packaging to comply with standards, across product categories like ready-to-eat meals that are convenient, tasty, as well as mild food products with high quality and extended shelf life.

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Prominent reports reveal that in 2018, Germany glycidyl methacrylate market size from >=97% purity segment from plastic applications had experienced a consumption of more than 80 tons owing to rising demand from packaging and other sectors.
In present scenario, sustainability has become a key driver for consumers due to increasing environmental concerns so, companies are keen to introduce their products’ packaging with sustainable credentials on it. Surging adoption of adhesives based on GMA across global packaging sector will generate substantial revenues for glycidyl methacrylate industry.

Favorable industrial trends in Asia Pacific

In terms of the regional landscape, China is one of the fastest growing regions across conventional industries like machinery, chemicals, electronics, and automobiles. Adoption of medium to high-tech capabilities in Asia Pacific for production will lead to more efficient assembly and coating processes. Enhanced scope for these end-user segments will result in higher consumption of manufacturing materials like protective coatings, substantially influencing APAC glycidyl methacrylate market outlook.

In fact, China glycidyl methacrylate market is expected to amass notable remunerations from ion exchange resin applications over the projected timeline due to expanding water treatment and chemical processing sectors. Apart from electronics segment, consistent research and massive investments are alleviating China towards pioneering innovations in modern production technologies and boosting the utilization of high-performance materials for packaging applications.

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Industry players have strongly built their R&D capabilities and adopted substantial tactics such as merger and acquisitions, collaboration, strategic alliance which helps in providing high-grade and affordable products to global customers. A research report by Global Market Insights, Inc., estimates that global glycidyl methacrylate market valuation will surpass USD 250 million by 2025.

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