What is Global Glycidyl Methacrylate (GMA) Market?
The Global Glycidyl Methacrylate (GMA) Market is a vast and dynamic sector that encompasses a wide range of industries and applications. Glycidyl Methacrylate, or GMA, is a versatile compound that is used in a variety of industries, including the production of coatings, plastics, adhesives, printing ink, resins, and more. The market for this compound is global in nature, with demand stemming from various regions around the world. The GMA market is characterized by its high value, with the global market being valued at US$ 196 million in 2022. This value is expected to increase significantly in the coming years, with projections indicating that the market could reach a value of US$ 263.2 million by 2029. This represents a compound annual growth rate (CAGR) of 4.7% during the forecast period of 2023-2029.
Purity：below 99%, Purity：above 99% in the Global Glycidyl Methacrylate (GMA) Market:
The purity of GMA is a crucial factor that influences its market dynamics. There are two main categories of GMA based on purity: those with a purity below 99%, and those with a purity above 99%. The purity of GMA can significantly impact its performance and effectiveness in various applications. For instance, GMA with a purity above 99% is often preferred in industries that require high-performance materials, such as the aerospace and automotive sectors. On the other hand, GMA with a purity below 99% may be more suitable for applications that do not require such high-performance materials. The market for these two categories of GMA is influenced by various factors, including the specific requirements of different industries, the availability of raw materials, and the technological advancements in the production of GMA.
Coatings, Plastics, Adhesives, Printing Ink, Resins, Others in the Global Glycidyl Methacrylate (GMA) Market:
GMA is used in a wide range of applications, including coatings, plastics, adhesives, printing ink, resins, and others. In the coatings industry, GMA is used to enhance the durability and performance of various types of coatings. It is also used in the production of plastics, where it helps to improve the properties of the final product. In the adhesives industry, GMA is used to enhance the bonding strength of various types of adhesives. It is also used in the production of printing ink, where it helps to improve the quality and performance of the ink. In the resins industry, GMA is used to enhance the properties of various types of resins. Other applications of GMA include its use in the production of textiles, rubber, and other materials.
Global Glycidyl Methacrylate (GMA) Market Outlook:
The global GMA market is dominated by a few key players, with the top three companies holding a combined market share of over 60%. This indicates a high level of concentration in the market, which can influence the market dynamics and competition. The Asia-Pacific region is the largest market for GMA, accounting for about 67% of the global market. This is followed by Europe and North America, which account for 13% and 16% of the global market, respectively. These figures highlight the significant role that these regions play in the global GMA market.
| Report Metric | Details |
| Report Name | Glycidyl Methacrylate (GMA) Market |
| Accounted market size in 2023 | US$ 200 million |
| Forecasted market size in 2029 | US$ 263.2 million |
| CAGR | 4.7 |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Sales by Region |
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| By Company | Dow Chemicals, Mitsubishi Gas Chemical (MGC), Jiangxi Ruixiang, Weicheng New Material, Nanjing Rongan Chemical, GP Natural Products, Xiayi Yuhao Additives, JinDun Chemical, Xiansheng Biotech, Estron Chemical |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
