Press release
Glycidyl Methacrylate Market Reach to USD 351.40 million by Trends, Growth Drivers, Manufacture Size, Key Players Strategies and Future Forecasts to 2029
Glycidyl Methacrylate Market Overview:This product finds extensive usage in metal coatings owing to its excellent barrier properties, corrosion protection, weatherability and chemical resistance. Growing demand for paints & coatings from the oil & gas industry along with rapid expansion in automotive sector is likely to further promote glycidyl methacrylate market growth.
Glycidyl methacrylate has been deployed in many metal coatings because of product characteristics such as high chemical resistance, weather resistance, and corrosive resistant. These features have led to increased products demand and contributed to the growth of the overall market.
The global Glycidyl Methacrylate market size was valued at USD 161.79 million in 2020, and is expected to reach USD 351.40 million by 2029, registering a CAGR 9% during the forecast period 2022-2029.
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Glycidyl Methacrylate Market Key Players
The key players are now concentrating on implementing strategies such as adopting new applications, product innovations, mergers & acquisitions, joint ventures, alliances, and partnerships to improve their market position in the global Glycidyl Methacrylate market industry.
The study of the growth of the top market player for in the target sector includes new projects with speculative returns, innovations and study of the accessibility of companies. some of the profiled players are Dow Chemicals, Kowa American Corporation, Estron Chemical, Zhonglan Industry, Jindun Chemical, Mitsubishi Gas Chemical Company, Hubei Xiansheng Biotechnology, OswalUdhyog, Merck KGaA, Haihang Industry Co and Others
Recent Development
In Nov 2019, researchers at the Superfund Research Center at Texas A&M University announced that they got good results from their efforts of categorizing industrial chemical intermediates and solvents that included the updated monograph preamble using mechanistic data.
In Jan 2020, applications for patents have been filed to register glycidyl methacrylate as one of the possible monomers needed for the creation of polymeric protective layers on magnesium anodes. The patent application was filed by researchers from Toyota Motor Engineering Manufacturing North America, Inc.
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Glycidyl Methacrylate Market Segmentation:
Global Glycidyl Methacrylate Market by Application, 2020-2029, (USD Million) (Kilotons)
Plastics
Adhesives
Polymer Coating
Global Glycidyl Methacrylate Market by End Users, 2020-2029, (USD Million) (Kilotons)
Manufacturing Units
Packaging Units
Growth Factors:
Increasing demand from the Glycidyl Methacrylate industries
The growing use of Glycidyl Methacrylate in Chemical and Material Sectors.
Rising demand for products
Technological advancements in production processes
Growing applications in Glycidyl Methacrylate Market
Glycidyl Methacrylate Market Regional Analysis
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Fiberglass Storage Tank (Fiberglass Tank) Professional in these regions, from 2022-2029, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Key Glycidyl Methacrylate Market Trends
- The report identifies, determines, and forecasts the Global Glycidyl Methacrylate Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Glycidyl Methacrylate Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is expected to drive the Growth
- Rising Adoption of Market Segments in the Glycidyl Methacrylate Growth
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Glycidyl Methacrylate Market.
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Frequently Asked Questions:
Which region has the largest share in Global Glycidyl Methacrylate Market?
Ans: North America region holds the highest share in 2021.
What is the growth rate of Global Glycidyl Methacrylate Market?
Ans: The Global Glycidyl Methacrylate Market is growing at a CAGR of 9.0% during forecasting period 2022-2029.
What segments are covered in Global Glycidyl Methacrylate market?
Ans: Global Glycidyl Methacrylate Market is segmented into Product, Application, Distribution Channel and Region.
Who are the key players in Global Glycidyl Methacrylate market?
Ans: The important key players in the Global Glycidyl Methacrylate Market are Dow Chemicals, Kowa American Corporation, Estron Chemical, Zhonglan Industry, Jindun Chemical, Mitsubishi Gas Chemical Company, Hubei Xiansheng Biotechnology, OswalUdhyog, Merck KGaA, Haihang Industry Co. Ltd., Evoniik Industries, Wuhan Sincere-star Chemical Co., Ltd, Lianyungang Ningkang Chemical Co., Ltd
What is the study period of this market?
Ans: The Global Glycidyl Methacrylate Market is studied from 2022 to 2029.
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The expanding industrial sector across the world has indicated a growing demand for polymers, impacting glycidyl methacrylate market trends over the last few years. Glycidyl methacrylate is primarily used to produce polymer coatings and finishes, plastics, elastomers and adhesives. The derived products include powder coatings, waterborne coatings, electrical laminates, substitutes of Hydrogenated Liquid Epoxy Resin (LER), radiation-curable coatings and multifunctional acrylates.
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