About Glycidyl Methacrylate (GMA)
Glycidyl methacrylate is an ester of methacrylic acid and glycidol. It is a colorless transparent liquid, insoluble in water, and soluble in almost all organic solvent. Glycidyl methacrylate market is expected to mark significant growth over the forecasted period owing to the increasing utilization of high-performance automotive coatings for automotive applications and industrial protective coatings. Also, Increasing demand for GMA from the electronic and medical industry boosting the growth of the market in the future.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.5% |
The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market shortly. Players are anticipated to focus on the development of new compounds, which is likely to encourage the growth of the global market throughout the forecast period. Analyst at AMA Research estimates that China Vendors will contribute the maximum growth to Global Glycidyl Methacrylate (GMA) market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Dow Chemicals (United States), Mitsubishi Gas Chemical (MGC) (Japan), Mitsubishi Chemical Corporation (MCC) (Japan), Estron Chemical (United States), JinDun Chemical (Germany), Jiangxi Ruixiang (China), Xiayi Yuhao Additives (China), Zaozhuang Weicheng Chemical (China), Nanjing Rongan Chemical (China) and Puyang Huicheng (China) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Yancheng Green Chemicals (China) and Hubei Xiansheng (China).
Segmentation Overview
AMA Research has segmented the market of Global Glycidyl Methacrylate (GMA) market by Type (Purity >=97.0% and Purity < 97.0%), Application (Coatings, Adhesives, Personal Care and Cosmetics, Plastics Industry, Electronics Industry, Medical Materials and Others) and Region.
On the basis of geography, the market of Glycidyl Methacrylate (GMA) has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
If we see Market by , the sub-segment i.e. will boost the Glycidyl Methacrylate (GMA) market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.Influencing Trend:
Growing Demand of GMA for Architectural Coatings
Market Growth Drivers:
Growth in the Construction Industry in Developed and Developing Countries and Rising Urbanisation and Increasing Demand for Packaged Food
Challenges:
Harmful by Inhalation, in Contact with Skin and if Swallowed and Required High Attention Related to Storage Space
Restraints:
High Cost of the GMA
Opportunities:
Growing Demand for Paints and Coatings from the Oil and Gas Industry and Upsurging Food and Delivery Industry
Market Leaders and their expansionary development strategies
On March 22, 2023, Allnex announced the acquisition of Nuplex Industries, which expands its product portfolio into the photoinitiators market, which are used in conjunction with GMA in UV-curable applications.
On June 7, 2023, Momentive Performance Materials launched a new line of GMA-based photoinitiators for use in 3D printing applications.
Pursuant to section 8(d) of TSCA, EPA promulgated a model Health and Safety Data Reporting Rule. Section 8(d) model rule requires manufacturers, importers, and processors of listed chemical substances and mixtures to submit to EPA copies and lists of unpublished health and safety studies. Glycidyl methacrylate is included on this list.
Key Target Audience
Glycidyl Methacrylate Manufacturers, Distributors/Suppliers, Raw Material Suppliers, Chemical Industry and Potential Investors
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.