Global Glycidyl Methacrylate Market was valued US$ 149.55Mn in 2019 and is expected to growaround US$ XXMnby 2027, at a CAGR of XX% during the forecast period.

Global Glycidyl Methacrylate Market

The report study has analyzed the revenue impact of COVID-19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis.

Definition:

Glycidyl methacrylate (GMA) is an ester of methacrylic acid and glycidol, it is a common monomer used in the creation of epoxy resins. While typical home epoxies contain diglycidyl ether of bisphenol A (DGEBA), glycidyl methacrylate is as a substitute used to provide epoxy functionalization to polyolefins and other acrylate resins.

Market Drivers:

Growing requirements for polymers from the consumer goods, electronics, and building & construction industries should stimulate glycidyl methacrylate market growth. Global polymer production was expected to exceed 350 million tons in 2017 which indicates abundant growth potential. This product is usually used with other monomers for producing polymers with high hardness, strength, water, solvent, and thermal resistance. The demand for bio-based plastics because of an increase in environmental awareness and booming medical devices sectors should further fuel the industry growth.

For instance, as per Plasticseurope.org, the global production of Plastic was 348 million tons in 2017 which is increased with 359 million tons in 2018. So, profitable growth in plastic industries is expected to drive the growth of the market over the forecast years.

Significant demand for adhesives & sealants to fulfill the growing packaging requirements of food & beverage and e-commerce industries is expected to accelerate the growth of the global market. These substances promote adhesiveness in hot melt adhesives and are ideal for leather-rubber & leather-leather bonding. The rising inclination for lightweight automobiles & aircraft to ensure regulatory compliance together with significant innovation in the development of green adhesives should promote glycidyl methacrylate market share. Also, Companies are engaging in innovation to improve safety performance and in production capacity growth to satisfy rising customer demand which is expected to boost glycidyl methacrylate market revenue.

The rising occurrence of stringent regulations on the use, sale, and labeling of the product is expected to hamper the market growth. Europe’s Classification, Labelling, and Packaging regulation classifies this product as a high-risk hazard, due 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.

Market Segmentation:

According to the purity, global glycidyl methacrylate