Report on the Glycidyl Methacrylate market

Report on the Glycidyl Methacrylate market

The global market for Glycidyl Methacrylate is expected to grow over the CAGR of 5.36% during the period from 2016 to 2027 to USD 15,654.7 million by 2027.

The Global Glycidyl Methacrylate Market has been evaluated as a growing market and it is expected that the market will touch high growth figures. In the last decade global glycidyl methacrylate manufacturers have found wide range of applications for glycidyl methacrylate. This has shifted the momentum of the glycidyl methacrylate market thereby boosting revenue to a growth rate of over 5.36% per year.

Glycidyl Methacrylate Market

Glycidyl Methacrylate has a very broad market in coming years. MRFR analysts have predicted that the plastic segment in Asia-Pacific and North America is about to grow nearly USD 5,917.4 million by the year 2027 which means more demand for plastic and in turn for glycidyl methacrylate. Another driver for the glycidyl methacrylate market is a huge market in Asia-Pacific, particularly in China, Japan and South Korea. Asia-Pacific is one of the leading regions in terms of value and volume. In 2015, the APAC region accounted for USD 3,858.8 million and during the forecasted period the market will reach USD 7,503.0 million with a CAGR of 5.74%. This growth is attributed to the huge consumption of glycidyl methacrylate in China and Japan. Both regions are the leading producers as well as consumers.

The major participants of this market are Dow Chemicals; Mitsubishi Gas Chemical Company, Inc;  Weicheng Advanced Material (Shandong) Co., Ltd and others.

Glycidyl Methacrylate plays a major role in the growth of the chemicals and materials market. In the coming years, it is expected that the glycidyl methacrylate market will advance with higher growth rates as compared to previous years. The current challenges for the market are fluctuating prices of raw materials. As per MRFR analysis, APAC has been estimated as the largest market for glycidyl methacrylate while North America is the second largest market. Europe is also one of the fastest growing regions. The Middle East, Africa and rest of the world have the potential to grow and are expected to have a healthy market environment in the forecasted year.