Glycidyl Methacrylate Market - How to Leverage on Automotive Industry During COVID-19 Crisis?

The global glycidyl methacrylate market is projected to rise at a considerable pace driven by the increasing applications of the product across diverse industry verticals. According to a report by Fortune Business Insights, titled "Glycidyl Methacrylate Market Size, Share & Industry Analysis, By Application (Coatings, Adhesives, Electrical Laminates, Plastics, Ion Exchange Resins) Others and Regional Forecast, 2019-2026," the market will derive growth from the growing emphasis on product R&D by major companies across the world.

List of companies profiled in the report:

o The Dow Chemical Company
o Estron Chemical Inc.
o Haihang Industry Co. Ltd.,
o Mitsubishi Gas Chemical Company
o Sumitomo Chemicals
o Lianyungang Ningkang Chemical Co., Ltd.
o Jin Dun Chemical
o Hubei Xian Shen Biotechnology Co. Ltd.
o Kowa American Corporation
o Oswal Udhyog
o Merck KGaA

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The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

Glycidyl methacrylate is a clear and colorless that is easily miscible with several organic solvents. The substance is used for the production of several types of coatings, laminates, adhesives, and acrylates. Besides this, the product is also used in developing hydrogenated liquid epoxy resin (LER). The exceptional properties of the product such as resistance to corrosion and external factors such as weather and chemicals is a primary reason why it is being widely used in coatings and sealants. The product is also used for plastics in packaging. The growing demand for the product, driven by applications across diverse industry verticals will bode well for the market in the coming years. The increasing research studies on the product will create several opportunities for the companies operating in the market. The increasing investment in product R&D will aid the growth of the market in the coming years.

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Several Efforts are Being Taken to Maximize Production of Glycidyl Methacrylate

The report encompasses several factors that have contributed to the growth of the overall market in recent years. It highlights a few of the standout strategies adopted by major companies to improve the production methods as well as capacities for the substance. Accounting to the exceptional properties of the product, several large scale companies are putting in more efforts to increase the overall production of glycidyl methacrylate. In June 2016, the Dow Chemical Company announced that it will be increasing its production capacity of glycidyl methacrylate. The company plans to increase its annual production by 30%; a step taken to meet the growing demand for GMA. Dow Chemical's latest step will not just benefit the company, but will have a direct impact on the growth of the overall market in the coming years.

Asia Pacific Holds the Highest Market Share; Increasing Demand for the Product Will Aid Growth

The report analyzes the ongoing glycidyl methacrylate market trends across North America, Latin America, Asia Pacific, the Middle East and Africa, and Europe. Among these regions, the market in Asia Pacific currently holds the highest UUV market share. The increasing demand for the product and its use across diverse applications will boost the growth of the market in this region. The increasing emphasis on product R&D will provide impetus to market growth. The massive production of the substance in emerging countries such as India and China will emerge in favor of market growth. Besides Asia Pacific, the market in North America will also witness significant growth in the coming years. The increasing industrialization and the growing product use in industrial coatings will bode well for the market in North America. The increasing construction activities will aid the growth of the market in Latin America

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As per the report, North America is expected to lead the Glycidyl Methacrylate Market throughout the

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