Glycidyl Methacrylate Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2025

Glycidyl Methacrylate Market may exceed USD 250 million by 2025; according to a new research report.

Significant economic growth and rising polymer demand from manufacturing sector should stimulate market growth. This product serves as a reaction monomer which is ideal for polymerization and post-polymerization modification. Growing demand for polymer coating from the booming automotive industry and rising requirement of adhesives & glues in China and Japan should further drive industry growth.

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Global <97% purity market surpassed USD 40 million in 2018 on account of growing demand for various electrical equipment such as transformers and switchgears. This material is routinely used to manufacture epoxy resins which are ideal for electrical applications owing to its low softening point and excellent flame resistance. Growing demand for high-performance polymer composites from the aerospace & automotive industries should boost market growth from fiber treatment applications.

North America glycidyl methacrylate market demand should register gains at over 8.5% in the predicted timeframe owing to growing demand for flexible & printed electronics, primarily from the packaging & retail sectors. The product plays a vital role in the production of motors, bushings, insulators, printed circuit boards and transformers. Rising consumer awareness of the convenience of wearable electronic products such as watches & wrist bands is likely to boost market.

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Global glycidyl methacrylate >=97% market from adhesive applications should surpass USD 35.5 million by 2025 pertaining to growing demand as a welding substitute from automotive industry to reduce vehicle weight and emissions. This product is ideal for copolymerization with other monomers to form adhesives well-suited for rubber to leather and leather-leather bonding. Rise of hectic lifestyles and middle class expansion should boost product demand from assembly, packaging and construction sectors.

Estron Chemicals, Dow Chemicals, Zhonglan Industry, Kowa American Corp., Mitsubishi Gas Chemical, Merck and Haihang Industry are the major market participants. Several manufacturers are expanding production capacity to satisfy rising demand from automotive topcoat, adhesives, and engineering plastics industries.

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