Glycidyl Methacrylate Market Share To Witness Steady Rise In Coming Decade
The global glycidyl methacrylate market is projected to rise at a considerable pace driven by the increasing applications of the product across diverse industry verticals. According to a report by Fortune Business Insights, titled “Glycidyl Methacrylate Market Size, Share & Industry Analysis, By Application (Coatings, Adhesives, Electrical Laminates, Plastics, Ion Exchange Resins) Others and Regional Forecast, 2022-2030,” the market will derive growth from the growing emphasis on product R&D by major companies across the world.
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Fortune Business Insights™ lists out all the glycidyl methacrylate market companies that are presently striving to reduce the impact of Covid-19 pandemic on the market:
- The Dow Chemical Company
- Estron Chemical Inc.
- Haihang Industry Co. Ltd.,
- Mitsubishi Gas Chemical Company
- Sumitomo Chemicals
- Lianyungang Ningkang Chemical Co., Ltd.
- Jin Dun Chemical
- Hubei Xian Shen Biotechnology Co. Ltd.
- Kowa American Corporation
- Oswal Udhyog
- Merck KGaA
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Glycidyl methacrylate is a clear and colorless that is easily miscible with several organic solvents. The substance is used for the production of several types of coatings, laminates, adhesives, and acrylates. Besides this, the product is also used in developing hydrogenated liquid epoxy resin (LER). The exceptional properties of the product such as resistance to corrosion and external factors such as weather and chemicals is a primary reason why it is being widely used in coatings and sealants. The product is also used for plastics in packaging. The growing demand for the product, driven by applications across diverse industry verticals will bode well for the market in the coming years. The increasing research studies on the product will create several opportunities for the companies operating in the market. The increasing investment in product R&D will aid the growth of the market in the coming years.
Several Efforts are Being Taken to Maximize Production of Glycidyl Methacrylate
The report encompasses several factors that have contributed to the growth of the overall market in recent years. It highlights a few of the standout strategies adopted by major companies to improve the production methods as well as capacities for the substance. Accounting to the exceptional properties of the product, several large scale companies are putting in more efforts to increase the overall production of glycidyl methacrylate. In June 2016, the Dow Chemical Company announced that it will be increasing its production capacity of glycidyl methacrylate. The company plans to increase its annual production by 30%; a step taken to meet the growing demand for GMA. Dow Chemical’s latest step will not just benefit the company, but will have a direct impact on the growth of the overall market in the coming years.
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The Global Glycidyl Methacrylate Market Research/Analysis Report Contains Answers to your following Questions:
- Which Manufacturing Technology is used for Glycidyl Methacrylate? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Glycidyl Methacrylate Market? What are Their Company Profile, Their Product Information, and Contact Information?
- What Was Global Market Status of Glycidyl Methacrylate Market? What Was Capacity, Production Value, Cost and PROFIT of Glycidyl Methacrylate Market?
- What Is Current Market Status of Glycidyl Methacrylate Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Glycidyl Methacrylate Market Trends by Taking Applications and Types in Consideration?
- What Are Projections of Global Glycidyl Methacrylate Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export?
- What Is Glycidyl Methacrylate Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is Economic Impact On Glycidyl Methacrylate Industry? What are Global Glycidyl Methacrylate Analysis Results? What Are Global Glycidyl Methacrylate Development Trends?
- What Are Market Dynamics of Glycidyl Methacrylate Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Glycidyl Methacrylate Industry?
Asia Pacific Holds the Highest Market Share; Increasing Demand for the Product Will Aid Growth
The report analyzes the ongoing glycidyl methacrylate market trends across North America, Latin America, Asia Pacific, the Middle East and Africa, and Europe. Among these regions, the market in Asia Pacific currently holds the highest UUV market share. The increasing demand for the product and its use across diverse applications will boost the growth of the market in this region. The increasing emphasis on product R&D will provide impetus to market growth. The massive production of the substance in emerging countries such as India and China will emerge in favor of market growth. Besides Asia Pacific, the market in North America will also witness significant growth in the coming years. The increasing industrialization and the growing product use in industrial coatings will bode well for the market in North America. The increasing construction activities will aid the growth of the market in Latin America.
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