Glycidyl methacrylate market size valued at USD 136.18 million in 2018 and will witness gains at over 9.8% CAGR from 2019 to 2025. Based on end user industry, the manufacturing units’ segment from <97% purity accounted $20 million in 2018 and is expected to maintain its dominant position throughout the forecast period.
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Growing requirements for polymers from the consumer goods, electronics, and building & construction industries should stimulate glycidyl methacrylate market growth. Global polymer production was estimated to exceed 350 million tons in 2017 which indicates ample growth potential. This product is routinely used with other monomers for producing polymers with high hardness, strength, water, solvent and thermal resistance. Rising demand for biobased plastics owing to an increase in environmental awareness and booming medical devices sectors should further fuel the industry growth.
|Glycidyl Methacrylate Market Size in 2018:||135 Million (USD)|
|Forecast Period:||2019 to 2025|
|Forecast Period 2019 to 2025 CAGR:||9.8%|
|2025 Value Projection:||250 Million (USD)|
|Historical Data for:||2014 to 2018|
|No. of Pages:||250|
|Tables, Charts & Figures:||403|
|Segments covered:||Purity and Region|
|Pitfalls & Challenges:|
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Significant demand for adhesives & sealants to fulfil the growing packaging requirements of food & beverage and e-commerce industries is likely to accelerate the growth of global market. Global value for adhesives & sealants sector should exceed USD 80 billion by 2025 which indicates healthy growth potential. These substances promote adhesiveness in hot melt adhesives and are ideal for leather-rubber & leather-leather bonding. Rising preference for lightweight automobiles & aircraft to ensure regulatory compliance along with significant innovation in the development of green adhesives should promote glycidyl methacrylate market share.
Rising prevalence of stringent regulations on the use, sale and labelling of the product is likely to hinder market growth. Europe’s Classification, Labelling and Packaging regulation classifies this product as a high-risk hazard owing to its ability to cause eye damage, skin burns, organ damage, cancer and reduction in fertility. Code of Federal Regulations of the U.S. FDA allows the use of GMA based adhesives for food packaging provided they are separated from the food product by a barrier and do not exceed prescribed quantities. However, companies are engaging in innovation to enhance safety performance and in production capacity expansion to satisfy rising customer demand which is likely to boost glycidyl methacrylate market revenue.
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Global glycidyl methacrylate <97% market size exceeded USD 40 million in 2018 on account of growing demand for high performance polymer fibers from defense and aerospace industries. This substance improves the compressive & tensile strengths and elastic modulus of polymer fibers which makes it an ideal raw material. The growing demand for polypropylene fibers from the textile industry for carpet production is expected to drive the global market growth.
Global coating applications demand from <97% purity should register over 9.5% gains by the end of the foreseeable timeframe owing to growing residential construction and infrastructure development. This substance is routinely used as a raw material for automotive topcoats, and waterborne coating resins owing to various benefits such as excellent gloss, hardness, weather resistance and adhesion. Booming transportation, industrial, aerospace and marine industries should further accelerate the glycidyl methacrylate industry.
Based on end-user, the manufacturing units segment from <97% purity surpassed USD 20 million in 2018 on account of significant economic growth, improvement in living standards, and technological advancement. The product finds widespread usage in the manufacture of industrial polymer coatings and latex owing to its high functionality, weatherability and chemical resistance. Growing trade activities and increasing investment owing to significant availability of low credit should stimulate the global market.
The packaging units segment from >=97% purity surpassed USD 40 million in 2018 owing to growing demand from healthcare, retail, food & beverage industries. This product enhances copolymerisation functionality in non-aqueous & aqueous solutions which increases its suitability for packaging applications. Booming e-commerce industry on account of substantial smartphone & internet penetration is likely to fuel the glycidyl methacrylate market demand.
By application, value of fiber treatment from <97% purity should surpass USD 6.5 million by 2025 pertaining to growing demand from healthcare and hygiene industries. This product plays an essential role in chemical modification of polymer fibers and is widely used as a raw material in fiber composites of hemp & polypropylene. Growing demand for secondary reinforcement to prevent shrinkage and cracking in construction industry is likely to further escalate the glycidyl methacrylate market growth.
The global printing ink applications segment from >=97% purity surpassed USD 7.5 million in 2018 pertaining to growing demand from packaging and paper media. This product ensures excellent solubility of polyimide oligomers in reactive thinners in the production of photocurable printing inks. Increasing adoption of digital printing, population growth and rising urbanization are likely to promote glycidyl methacrylate market demand.
The demand of antistatic additives segment from >=97% purity should register gains over 7.5% in the predicted timeframe on account of antistatic polyurethane foams catering to automotive seats, furniture and beddings. These substances improve conductivity and reduce charges on polymer surfaces which makes them ideal for plastic manufacture. Growing demand for resins and plastics from the packaging industry should further stimulate global market growth.
North America, driven by Mexico, Canada and the U.S. glycidyl methacrylate market demand should register over 8.5% gains by 2025 on account of booming electrical & electronics and construction industries. It finds extensive usage in resins, casting, coating and impregnation composites catering to the electronics industry. Growing adoption of automation and increasing demand of consumer electronic products such as smartphones & tablets should stimulate the glycidyl methacrylate market trends.
Europe driven by France, UK, and Germany market surpassed USD 22.5 million in 2018 on account of significant economic growth and technological advancement. This product finds extensive usage as base material for automotive topcoats owing to its resistance to scratch and acid rain. Growing demand for alternatively powered automobiles such as hybrid, plug-in hybrid and full-electric cars along with autonomous vehicles is likely to further drive the glycidyl methacrylate industry .
Asia Pacific glycidyl methacrylate market share led by India, Japan, and China should exceed USD 100 million by the end of the foreseeable timeframe pertaining to changing dietary habits & lifestyles driving the demand for packaged food. This substance is well-suited for food packaging and coating interior surfaces of beverage & food cans on account of its high suitability as a food contact substance. Growing demand for cereals & bakery products from household sector along with increasing demand for tobacco products should accelerate the global market.
Global glycidyl methacrylate market share is highly consolidated with the presence of various manufacturers such as
Certain market participants are engaging in production capacity expansion to satisfy growing product demand from the booming resins and specialty coatings industries.
The product is an enoate ester produced by the formal condensation of glycidol’s hydroxy group with methacrylic acid’s carboxy group and is primarily used for deriving polymers. This epoxide can be polymerized to obtain poly (glycidyl methacrylate). Growing demand for plastics from the packaging sector, expanding polymer industry, and increasing requirement of industrial coatings & adhesives are likely to support the glycidyl methacrylate market value.
The glycidyl methacrylate market research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in Tons and revenue in USD from 2014 to 2025, for the following segments:
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The above information is provided on a regional and country basis for the following: