PUBLISHER: UnivDatos Market Insights Pvt Ltd | PRODUCT CODE: 1747349
PUBLISHER: UnivDatos Market Insights Pvt Ltd | PRODUCT CODE: 1747349
Glycidyl Methacrylate (GMA) is a very versatile chemical compound widely used in polymers and materials. The esters are derived from methacrylic acid and glycidol, having the molecular formula C7H10O3. Being glycidyl methacrylate, it possesses both an epoxy and methacrylate-functional group to allow different types of polymerization and chemical reactions. Hence, this very unique dual-functionality GMA is vital for the production of copolymers, resins, adhesives, coatings, and biomedical materials with GMA providing the adhesive strength, chemical resistance, and mechanical strength needed for the materials, hence that it can also be used as a reactive monomer in polymer modification on polymers such as polyethylene, polypropylene, and polyesters. Due to its reactivity, it is widely used in grafting and surface modification.
The Glycidyl Methacrylate market is set to show a growth rate of about 7.5% during the forecast period (2025- 2033F). One of the major factors for the growing demand for Glycidyl Methacrylate (GMA) worldwide is the expansion in applications across automotive, electronics, coatings, and adhesive industries. Consequently, the worldwide GMA market is witnessing brisk growth. Polyester resins and epoxies are called high-performance polymers because they offer enhanced mechanical strength, chemical resistance, and durability; growing demand for such polymers is further enabling the growth of the product. GMA is used as a functional monomer in the formation of polymers to enhance adhesion, crosslinking, and compatibility with different substrates. In automotive and industrial coatings, GMA is used to make the coatings resistant and to give a finishing surface of quality. The rising trend of lightweight materials in the automotive sector, coupled with investments flowing toward infrastructure and electronics manufacturing, especially with the emergence of developing markets like China, India, and Southeast Asia, has helped GMA gain through its respective end-use sectors.
Based on application, the global glycidyl methacrylate market is segmented into adhesive, coating, plastics, printing ink, ion exchange resin, fiber treatment agent, antistatic additive, electrical laminates, and other. The adhesives segment has held a sizeable market share. The adhesives segment has occupied a substantial market share, due to GMA exhibiting superior bonding quality and chemical resistance. Its reactive epoxy and methacrylate groups render it perfect in augmenting bond strength in structural and industrial adhesives applied in automotive, construction, and electronics industries. This segment has been further stimulated by an increased requirement for lightweight and durable materials for bonding in modern engineering and manufacturing. The transition to green adhesives prompts the use of GMA mainly in packaging and consumer electronics.
By End-use the market is bifurcated into manufacturing unit and packaging unit. Of these manufacturing units have held a sizeable market share. This dominance is largely attributed to growing demands for advanced materials and high-performance polymers from end-user industries such as automotive, electronics, construction, and textiles. Glycidyl Methacrylate is broadly applied in all sorts of manufacturing because of its high adhesion, chemical resistance, and substrate compatibility, while polymer modification by GMA leads to enhanced durability and performance of the product, making it the preferred option among various industrial production processes. Rapid industrialization in emerging economies also drives greater use of GMA in manufacturing activities. Also, on the contrary, while the packaging segment is developing at a steady pace with growing demand for flexible and durable packaging materials, it still lacks share in comparison to manufacturing. However, concerns about sustainability and innovations in packaging materials can open new avenues for GMA in packaging.
For a better understanding of the market adoption of Glycidyl Methacrylate, the market is analyzed based on its worldwide presence in countries such as North America (U.S., Canada, and the Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Rest of Asia-Pacific), Rest of World. Among these, the Asia-Pacific region is anticipated to hold a sizable market share owing to the rising number of manufacturing and packaging industries requiring GMA for their various product-based applications.
Some major players running in the market include Dow Chemical, Mitsubishi Gas Chemical Company Inc., Estron Chemicals, Sumitomo Chemicals, Lianyungang Ningkang Chemical Co., Ltd, Evonik Industries, Otto Chemie Pvt. Ltd., Zhengzhou Meiya Chemical Products Co., Ltd, Sigma-Aldrich, and KOWA AMERICAN Corporation.