Glycidyl Methacrylate Market - Overview
The worldwide glycidyl methacrylate market is developing with the indiscreet speed; essentially because of developing polymer and glues businesses. As indicated by a new report distributed by the Market Research Future, the worldwide market of glycidyl methacrylate is blasting and expected to acquire conspicuousness over the conjecture time frame. The market is determined to exhibit a shocking development by 2027, outperforming its past development records as far as worth with a striking CAGR during the assessed period (2017 – 2027).
Globally, the market for glycidyl methacrylate is driven by the district Asia pacific, inferable from the development in the populace coming about in to expanding interest for plastic modifiers in paints and coatings, auto and development enterprises among others. Glycidyl methacrylate is utilized in different applications like glues, electrical covers, waterborne coatings saps, and others because of their unrivaled exhibition and upgraded mechanical properties. Also, glycidyl methacrylate works on the primary properties of the end result.
Rapid urbanization coupled with technology signifies the growth of automotive, paper, paints & coatings and construction industries. Moreover growing industries such as consumer goods, and packaging provide impetus to the Glycidyl Methacrylate Industry growth.
On the other hand, the increasing consumption of glycidyl methacrylate in major end-use industries is projected to drive the market growth during the forecast period.
Glycidyl methacrylate is used in numerous applications such as waterborne coating resins, industrial & protective finishes to improve the chemical and physical properties of the product. The plastic sector has observed a higher growth in the market due to extensive use of the product in industrial coatings, adhesives, latex, and others. Additionally, the growing investments and rise in the disposable income have resulted into a notable growth in the market in the last couple of years.
The Dow Chemical Company (U.S.), MITSUBISHI GAS CHEMICAL COMPANY, INC (Japan), Estron Chemical Inc (U.S.), Sumitomo Chemical Co., Ltd (Germany), Lianyungang Ningkang Chemical Co., Ltd (China), Wuhan Sincere-star Chemical Co., Ltd (China), Evonik Industries AG (Germany), DuPont (U.S.), VWR International, LLC (U.S.), and Kanto Chemical Co, Inc. (Japan) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Glycidyl Methacrylate Market.
Complete Report Details @ https://www.marketresearchfuture.com/reports/glycidyl-methacrylate-market-783
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.
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.
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