Global Glycidyl Methacrylate Market Projected to Reach USD 332.25 Million by 2030

The Global Glycidyl Methacrylate (GMA) Market Size is poised for substantial growth, driven by increasing demand across various industries, including consumer goods, electronics, and building & construction. This press release provides an in-depth analysis of the market, including its definition, growth drivers, segmentation, country-level insights focusing on the USA and Germany, competitive landscape, and a concluding overview.

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Market Estimation & Definition

Glycidyl methacrylate is an ester of methacrylic acid and glycidol, commonly used as a monomer in the creation of epoxy resins. It is utilized to provide epoxy functionalization to polyolefins and other acrylate resins, enhancing their properties such as hardness, strength, and resistance to water, solvents, and thermal conditions. The global GMA market was valued at USD 332.25 million in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 9.2% from 2024 to 2030.

Market Growth Drivers & Opportunities

Several factors are propelling the growth of the GMA market:

Increasing Demand for Polymers: The growing requirements for polymers in consumer goods, electronics, and building & construction industries are expected to stimulate GMA market growth. Global polymer production was anticipated to exceed 350 million tons in 2021, indicating significant growth potential.

Advancements in Adhesives & Sealants: The significant demand for adhesives and sealants to meet the growing packaging requirements of the food & beverage and e-commerce industries is expected to accelerate market growth. GMA-based adhesives are ideal for applications requiring high-performance bonding.

Environmental Awareness: The rising inclination towards bio-based plastics due to increased environmental awareness is expected to drive the demand for GMA, as it is used in the production of eco-friendly polymers.

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Segmentation Analysis

The GMA market can be segmented based on purity, application, and region:

By Purity: