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Methacrylic Acid Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
Report Format: PDF+Excel | Report ID: SR112024A22883
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Methacrylic Acid Prices December 2023
|
Product
|
Category | Region | Price |
|---|---|---|---|
| Methacrylic Acid | Petrochemicals | USA | 2273 USD/MT |
| Methacrylic Acid | Petrochemicals | China | 1863 USD/MT |
| Methacrylic Acid | Petrochemicals | Germany | 2019 USD/MT |
The United States’ methacrylic acid price for Q4 of 2023 was 2273 USD/MT.
The price of methacrylic acid in China in Q4 of 2023 was 1863 USD/MT.
In Germany, methacrylic acid prices for Q4 of 2023 reached 2019 USD/MT.
Methacrylic Acid Price Trend, Market Analysis, and News
IMARC’s newly published report, titled “Methacrylic Acid Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of methacrylic acid pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.
It encompasses an in-depth review of spot price of methacrylic acid at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of methacrylic acid price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing methacrylic acid price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.
Methacrylic Acid Market Analysis
The global methacrylic acid market size reached US$ 1.4 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 2 Billion, at a projected CAGR of 4.50% during 2032.
- The augmenting demand for methacrylic acid in the production of PMMA, which is extensively used as a lightweight, shatter-resistant alternative to glass is fueling the market.
- The rising automotive sector contributes significantly, as MAA-based plastics are used to manufacture various components that contribute to vehicle light-weighting, a crucial factor for improving fuel efficiency and reducing emissions.
- Continual advancements in LED technology are increasing the use of PMMA in lighting applications, further propelling market growth.
- In automotive and aerospace sectors, for instance, lightweight MAA-based plastics are used to replace heavier alternatives, thus contributing to better fuel efficiency and lower emissions.
- With the growing trend in DIY projects and home renovations, particularly spurred by increased home-bound activities during recent global events, there is a higher demand for materials that can be used in home improvement projects, including paints, adhesives, and sealants that contain methacrylic acid.
- Methacrylic acid is increasingly used in specialty coatings, particularly in the automotive and industrial sectors, where high-performance coatings are essential.
- Environmental regulations are also shaping market dynamics, with an increasing push for reducing VOC emissions driving the development of new, environmentally friendly MAA formulations.
- The ongoing trend towards more sustainable materials has led to innovations in bio-based methacrylic acid, opening new avenues for growth in a market that is becoming increasingly responsive to ecological concerns.
- The healthcare industry's growing reliance on high-performance plastics for medical devices and equipment further amplifies the demand for methacrylic acid.
- The ongoing construction of residential, commercial, and industrial buildings is expected to drive substantial demand for these methacrylic acid-based products.
- Methacrylic acid is an important ingredient in many cosmetic and personal care products, including artificial nail applications, hair styling products, and dental products.
- The growth in the global beauty and personal care market, driven by an increasing focus on grooming and aesthetics, particularly in emerging markets, is a significant factor contributing to the rising demand for methacrylic acid.
Methacrylic Acid News
The report covers the latest developments, updates, and trends impacting the global methacrylic acid market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in methacrylic acid production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the methacrylic acid price trend.
Latest developments in the methacrylic acid industry:
- On May 17, 2024, Dow was awarded six 2024 SEAL Business Sustainability Awards, recognizing its commitment to sustainability and environmental stewardship.
- On April 26, 2024, BASF expanded its sustainable food production line by enabling its compostable biopolymer ecovio to be used for manufacturing black twines for commercial greenhouse cultivation of annual fruits and vegetables. The ecovio T 2206 grade is certified as industrially compostable under EN13432, allowing the twines and plant residues to be composted together post-harvest, subject to local regulations.
- On February 16, 2024, Biesterfeld Spezialchemie and IFF are enhancing their long-term partnership by extending Biesterfeld's distribution of the GENENCARE bioactives and the new AURIST line in Brazil. This agreement builds on their successful collaboration in the personal care sector. Additionally, the portfolio will be available in the DACH region, Poland, Turkey, and Ukraine through Biesterfeld.
Product Description
Methacrylic acid (MAA) is an organic compound that appears as a colorless liquid with a strong pungent odor and is a member of the carboxylic acid family. It has a similar structure to the acrylic acid but has a methyl group attached to the alpha carbon. Methacrylic acid is produced from the oxidation of either isobutene or tert-butanol, which is carried out using selective catalysts under suitable conditions where there is a high conversion and selectivity to methacrylic acid reaching the desired specification; therefore, the method of manufacture is best referred to as the 'catalytic oxo process'.
Methacrylic acid is a key intermediate in the manufacture of many polymers and copolymers. It is especially crucial in the production of PMMA which is used as a glass alternative because it is transparent and takes long before it fades. The reasons to use methacrylic acid include its value in performance characteristics of material; for example, it develops the heat resistance, flexibility, and adhesion of polymer. These qualities have made it fit in industries like automotive, and electronics among other industries which use materials that need to be strong while withstanding harsh conditions.
Regional Coverage
The report provides a detailed analysis of the methacrylic acid market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the methacrylic acid price trend.
Global Methacrylic Acid Price
The report offers a holistic view of the global methacrylic acid pricing trends in the form of methacrylic acid price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of methacrylic acid but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.
The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed methacrylic acid demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.
Europe Methacrylic Acid Price
European methacrylic acid prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.
This analysis can be extended to include detailed methacrylic acid price information for a comprehensive list of countries.
| Region | Countries Covered |
|---|---|
| Europe | Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
North America Methacrylic Acid Price
The analysis of methacrylic acid prices in North America delves into the regional industry dynamics, encompassing the impact of local production capacities and the trade flows between North America and other significant global markets.
Specific methacrylic acid historical data within the United States and Canada can also be provided.
| Region | Countries Covered |
|---|---|
| North America | United States and Canada |
Middle East and Africa Methacrylic Acid Price
The report explores the methacrylic acid pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.
In addition to region-wise data, information on methacrylic acid prices for countries can also be provided.
| Region | Countries Covered |
|---|---|
| Middle East & Africa | Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific Methacrylic Acid Price
The methacrylic acid pricing trends in Asia Pacific are examined, reflecting the role of the region as a major global production hub and consumer market, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.
This methacrylic acid price analysis can be expanded to include a comprehensive list of countries within the region.
| Region | Countries Covered |
|---|---|
| Asia Pacific | China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Methacrylic Acid Price
The analysis of methacrylic acid prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.
This comprehensive review can be extended to include specific countries within the region.
| Region | Countries Covered |
|---|---|
| Latin America | Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Report Coverage
| Key Attributes | Details |
|---|---|
| Product Name | Methacrylic Acid |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Methacrylic Acid Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand* Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece* North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
| Information Covered for Key Suppliers |
|
| Customization Scope | The report can be customized as per the requirements of the customer |
| Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
Plan B: Quarterly Updates - Annual Subscription
Plan C: Biannually Updates - Annual Subscription
|
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
| Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of methacrylic acid pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
- The study examines factors affecting methacrylic acid price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The methacrylic acid price charts ensure our clients remain at the forefront of the industry.
Need more help?
- Speak to our experienced analysts for insights on the current market scenarios.
- Include additional segments and countries to customize the report as per your requirement.
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- For further assistance, please connect with our analysts.
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