Glycidyl Methacrylate Market Size, Share & Trends Analysis

Glycidyl Methacrylate Market Size Worth USD 274.8 billion by 2031

The global glycidyl methacrylate market was valued at US$ 169.7 million in 2022. The market is expected to increase at a CAGR of 5.5% from 2023 to 2031, reaching US$ 274.8 million in the year 2031. Automotive, aerospace, and other industries use GMA to make composite materials. A global trend favoring light, high-performance materials is likely to increase demand for GMA in composites.

Glycidyl methacrylate is commonly used with other monomers to produce polymers with high hardness, strength, and resistance to water, solvents, and heat. The rising demand for biobased plastics, fueled by growing environmental consciousness and a booming medical devices sector, further expands the market.

Moreover, the market's growth is bolstered by the increasing demand for adhesives and sealants, essential for meeting the evolving packaging needs of the food & beverage and e-commerce industries. The global adhesives & sealants sector is projected to experience robust growth potential. Glycidyl methacrylate plays a crucial role in enhancing the adhesiveness of hot melt adhesives, making it ideal for bonding materials such as leather and rubber. The growing preference for lightweight materials in the automotive and aerospace sectors, coupled with innovations in green adhesives, is expected to drive further growth in the market.

Drivers, Opportunities & Restraints

The glycidyl methacrylate (GMA) market is experiencing notable growth driven by its widespread application in various industries, including coatings, adhesives, and electronics. GMA is valued for its ability to enhance the performance of polymers, particularly in terms of adhesion, flexibility, and durability, which is boosting its demand in the coatings industry for automotive, aerospace, and marine applications. The market also benefits from the growing need for high-performance adhesives in construction and packaging. Furthermore, due to its superior electrical insulation properties, the electronics industry is increasingly adopting GMA for advanced applications, including printed circuit boards and semiconductor packaging.

Manufacturers are focusing on developing bio-based GMA to respond to rising environmental concerns and stringent regulations regarding petrochemical-based products. This trend is expected to open new opportunities for market players, particularly in regions such as Europe and North America, where environmental laws are more stringent. In addition, the market is witnessing increasing investments in research and development to improve the efficiency and cost-effectiveness of GMA production processes, further propelling market growth.

The rising prevalence of stringent regulations on the product's use, sale, and labeling will likely hinder market growth. Europe’s Classification, Labelling, and Packaging regulations classify this product as a high-risk hazard owing to its ability to cause eye damage, skin burns, organ damage, cancer, and reduction in fertility. The Code of Federal Regulations of the U.S. FDA allows using GMA-based adhesives for food packaging, provided they are separated from the food product by a barrier and do not exceed prescribed quantities.  However, companies are engaging in innovation to enhance safety performance and production capacity expansion to satisfy rising customer demand, likely boosting market revenue.

Application Insights

The coatings segment dominated the market with a market share of 51.1% in 2024, during the forecast period. Rising construction and architectural activities in Latin America are increasing the demand for coatings and adhesives, which is growing the glycidyl methacrylate market. In North America, the growth is primarily due to the rising demand for coatings for industrial purposes. Europe will also see growth in the glycidyl methacrylate market due to the growing demand for glycidyl methacrylate in the automotive, electronics, and other sectors.

The increasing demand for high-performance adhesives across industries such as construction, automotive, and electronics directly drives the demand for Glycidyl methacrylate (GMA), as GMA's unique properties enhance adhesive strength, durability, and chemical resistance, making it a crucial component in producing advanced bonding solutions.

Regional Insights

The region's focus on high-performance coatings, especially for industrial applications, increases GMA usage. Stringent environmental regulations push for durable and long-lasting coatings, favoring GMA-based solutions. The expanding aerospace and automotive sectors demand specialized adhesives and coatings, boosting GMA consumption. Infrastructure repair and construction activities consistently need GMA-enhanced sealants and adhesives—the rise of advanced composite materials requiring GMA for bonding further fuels demand.

U.S. Glycidyl Methacrylate Market Trends

The U.S. sees growing demand for Glycidyl methacrylate (GMA) due to its robust industrial base and infrastructure needs. The aerospace and automotive sectors' focus on high-performance materials drives GMA use in advanced coatings and adhesives. Infrastructure maintenance and construction require durable sealants and coatings, boosting GMA demand. Stringent environmental regulations favor GMA-based solutions for their longevity and resistance. The growing composites industry, crucial for various applications, relies on GMA for bonding and strength. The U.S. focus on advanced manufacturing and technological innovation increases the need for GMA in specialized applications. The demand for durable and long-lasting coatings in industrial settings also contributes to the increased use of GMA.

 Asia Pacific Glycidyl Methacrylate Market Trends

Asia Pacific dominated the region with a revenue share of 35.4% in 2024. Growth in the automotive, electronics and construction sectors significantly increased GMA usage. Rising demand for high-performance adhesives and coatings, crucial in these industries, drives GMA consumption. The region's expanding electronics manufacturing hub necessitates GMA for components and coatings. A construction boom across Asia Pacific boosts GMA use in adhesives and sealants. The automotive sector's growth further elevates GMA demand for coatings and adhesives. 

Glycidyl Methacrylate Market Share, By Region, 2024 (%)

China's robust industrial sector drives a significant demand for Glycidyl methacrylate (GMA). The nation's massive manufacturing base, particularly electronics and automotive, heavily relies on GMA for coatings and adhesives. Rapid expansion in the construction industry boosts GMA usage in sealants and structural adhesives. China's growing automotive production requires GMA for durable coatings and bonding solutions. The burgeoning electronics sector utilizes GMA for specialized coatings and component manufacturing. Increased infrastructure development across China creates a continuous need for GMA-based construction materials.

Europe Glycidyl Methacrylate Market Trends

The automotive industry's push for lightweight and durable materials increases GMA usage in coatings and adhesives. Growing demand for high-performance coatings in the industrial and construction sectors boosts GMA consumption. The region's emphasis on advanced manufacturing and innovation creates a need for specialized GMA applications. Infrastructure maintenance and renovation projects require durable sealants and coatings, fueling GMA demand. The expanding composites industry, crucial for various applications, relies on GMA for bonding and strength.

Latin America Glycidyl Methacrylate Market Trends

Latin America's expanding construction and infrastructure projects drive increased demand for Glycidyl methacrylate (GMA). The growing automotive sector in the region requires GMA for durable coatings and adhesives. Rising demand for high-performance coatings in industrial and architectural applications boosts GMA usage. Increased infrastructure development necessitates durable sealants and adhesives, contributing to GMA consumption. The region's developing manufacturing sector is gradually increasing its use of GMA in various applications. Growing demand for adhesives used in packaging, especially in the food and beverage sector, also plays a role. The need for weather-resis