Jul 13, 2020 12:45 PM ET
iCrowd Newswire – Jul 13, 2020
Global Glycidyl Methacrylate Market is expected to exhibit a strong 5.4% CAGR over the forecast period from 2019 to 2025, according to the latest research report from Market Research Future (MRFR). Global Glycidyl Methacrylate Market was valued at USD 9.7 billion in 2018, according to the report. Global Glycidyl Methacrylate Market is profiled in great detail in the research report, providing readers with a comprehensive overview of the market through its historical growth trajectory, present conditions, and future growth prospects. The historical stats of the Glycidyl Methacrylate Market are detailed in the report, in order to provide readers with a complete overview of the market’s historical growth trajectory. The historical stats provided in the report also give analysts a solid platform to base future projections about the market. Based on this platform, future projections for the Glycidyl Methacrylate Market’s growth trajectory over the forecast period are provided in the report. The leading players in the Global Glycidyl Methacrylate Market are also profiled in the report in order to give readers a comprehensive analysis of the leading players in the Global Glycidyl Methacrylate Market. The major drivers and restraints affecting the Global Glycidyl Methacrylate Market are also profiled in the report to provide readers a comprehensive overview of what’s making the market tick and what is holding the market back.
Global Glycidyl Methacrylate Market is mainly driven by the growing demand for plastics and adhesives around the world. Plastics are used in a wide range of applications in today’s world due to their high resistance to chemicals, heat, and water. Plastics are naturally resistant to moisture to a high degree, which has led to their application in a wide range of applications where water resistance is highly valued. Plastics are also highly resistant to most chemicals and heat, which further enhances their appeal in a wide range of applications. The growing use of plastics in the manufacturing and packaging sector is likely to be a major driver for the Glycidyl Methacrylate Market over the forecast period.
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The increasing use of adhesives in a number of applications, including automotive, construction, and other manufacturing industries is also likely to be a major driver for the Global Glycidyl Methacrylate Market. Adhesives are also widely used in the electronics sector to glue together components of electronic devices. This is likely to be a major driver for the Glycidyl Methacrylate Market over the forecast period.
Leading Players in the Global Glycidyl Methacrylate Market include Evonik Industries, Wuhan Sincere-Star Chemical Co. Ltd., Lianyungang Ningkang Chemical Co. Ltd., Sumitomo Chemicals, Estron Chemicals, Mitsubishi Gas Chemical Company Inc., and Dow Chemicals.
Global Glycidyl Methacrylate Market is segmented on the basis of Application, End Use and Region.
By Application, Global Glycidyl Methacrylate Market is segmented into plastics, adhesives, and polymer coating. The plastics segment is likely to hold a dominant share in the global glycidyl methacrylate market over the forecast period. The widespread use of plastics is likely to be a major driver for the Global Glycidyl Methacrylate Market over the forecast period. Adhesives also hold a dominant share in the Global Glycidyl Methacrylate Market.
By End Use, Global Glycidyl Methacrylate Market is segmented into manufacturing units and packaging units.
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Asia Pacific is likely to be the largest regional market for Glycidyl Methacrylate over the forecast period. The growing manufacturing sector in Asia Pacific is likely to be a major driver for the regional market for Glycidyl Methacrylate over the forecast period. The growing automotive industry in Asia Pacific is likely to be a major driver for the Glycidyl Methacrylate Market in the region. The packaging sector is also growing in Asia Pacific due to the growing presence of the ecommerce sector in the region. This is also likely to be a major driver for the Glycidyl Methacrylate Market in Asia Pacific.
North America holds the second largest share in the Global Glycidyl Methacrylate Market, followed by Europe.
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