Glycidyl Methacrylate
Market - Overview
The global glycidyl methacrylate market is
growing with the impulsive pace; mainly due to growing polymer and adhesives
industries. According to a recent study report published by the Market Research
Future, the global market of glycidyl methacrylate is booming and expected to
gain prominence over the forecast period. The market is forecasted to
demonstrate a stunning growth by 2023, surpassing its previous growth records
in terms of value with a striking CAGR during the estimated period (2017 –
2023).
Globally, the market for glycidyl
methacrylate is driven by the region Asia pacific, owing to the growth in the
population resulting in to increasing demand for plastic modifiers in paints
& coatings, automotive and construction industries among others. Glycidyl methacrylate
is used in various applications such as adhesives, electrical laminates,
waterborne coatings resins, and others due to their superior performance and
enhanced mechanical properties. Moreover, glycidyl methacrylate improves the
structural properties of the final product.
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Study Objectives of
Glycidyl Methacrylate Market:
- To provide detailed analysis of the market
structure along with forecast for the next 10 years of the various
segments and sub-segments of the glycidyl methacrylate market
- To provide insights about factors
affecting the market growth
- To analyze the glycidyl methacrylate
market based on various factors- price analysis, supply chain analysis,
porters five force analysis etc.
- To provide historical and forecast revenue
of the market segments and sub-segments with respect to four main
geographies and their countries- Americas, Europe, Asia-Pacific, and
Middle East & Africa.
- To provide country level analysis of the
market with respect to the current market size and future prospective
- To provide country level analysis of the
market for segments by applications and by end users.
- To provide overview of key players and
their strategic profiling in the market, comprehensively analyzing their
core competencies, and drawing a competitive landscape for the market
- To track and analyze competitive
developments such as joint ventures, strategic alliances, mergers and
acquisitions, new product developments, and research and developments in
the global market
Glycidyl
Methacrylate Market - Competitive
Analysis
The glycidyl methacrylate market appears to
be competitive with the presence of several large and small players operating
in manufacturing and development of product. These key players compete with
each other’s on the basis of quality, price, production and innovation.
Glycidyl methacrylate market is set to grow at a higher CAGR rate which is
likely to attract many entrants to the market resulting into strong competition
in the future. Manufacturers functioning in the glycidyl methacrylate market
are struggling to respond to the growing demand for the product from
automotive, construction, packaging, electrical & electronics and paints
& coatings attributed to the recent plant expansion, and growing popularity
in major sectors. They ensure to deliver the best quality products based on
innovative technologies, and best practices.
Industry/ Innovation/ Related
News:
December 11, 2015 – The Dow Chemical Company (U.S.), one of the key manufacturers of
glycidyl methacrylate, announced that the company has decided to complete the
debottleneck project at Freeport, Texas, in order to increase the production
capacity of glycidyl methacrylate. One of the sources of the company, said that
a rise in the production rate is set to drive the market on a large scale
during the forecast period. Due to this expansion process, it is estimated that
the demand for glycidyl methacrylate in developed and emerging economies is set
to grow at a higher rate due to its excellent chemical resistance and weather
ability. Therefore, owing to these extraordinary features, these coatings are
widely utilized in automotive, paints & coatings, and construction
industries to impart high- standard performance to the product.
April 25, 2016 – MITSUBISHI GAS CHEMICAL COMPANY, INC (Japan), one of the prominent
manufacturers of glycidyl methacrylate in the world, announced that the company
is set to increase the production capacity at Niigata plant, Niigata city,
Japan. Glycidyl methacrylate is used as a raw material to produce industrial
and automotive coatings. Moreover, it is also used in the production of
modifiers, adhesives, engineering plastics, and others. Moreover, one of the
sources of the company said that their product is widely used one in end-use
applications due to its better properties than the other products. Therefore,
the recent developments and innovations about the product in the leading
company are set to drive the market over the assessment period.
Glycidyl Methacrylate
Market - Regional Analysis
Geographically, Asia-Pacific region holds the
majority of global glycidyl methacrylate market. China is the leading country
in the market owing to rapid urbanization coupled with technology and growing
investments in heavy end-use industries. Increasing demand for glycidyl
methacrylate in automotive, construction, paints & coatings, and packaging
has boosted the market demand in China, India, Malaysia and Thailand. North
America has witnessed significant growth owing to growing consumption of high
purity products and this has led to a surge in the demand for industrial
coatings in the industries. The market in the European region has received a
significant growth due to increasing demand for the product in automotive,
electrical & electronics, and other sectors. Additionally, due to
increasing demand for glycidyl methacrylate from the plastic and other
industries, the market is projected to grow at a higher CAGR in Europe over the
forecast period.
Target
Audience
- Manufactures of end-use industry
- Raw material Suppliers
- Aftermarket suppliers
- Research Institute / Education Institute
- Potential Investors
- Key executive (CEO and COO) and strategy growth manager
Key
Finding
- The global glycidyl methacrylate market and is expected to reach
$15,654.7 million by 2027
- Plastics accounted for the largest market share registering CAGR of
5.91% during the forecast period
- Regionally, Asia-Pacific holds the largest market share 49% of
global glycidyl methacrylate market and is expected to reach $7,503.0
million by 2027 from $3,858.8 million in 2015.
- On the basis of end-users, manufacturing units segment holds 61%
market share
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