Methacrylic Acid Prices

Methacrylic Acid Prices September 2024

The methacrylic acid prices in the United States for Q3 2024 reached 3,460 USD/MT in September. The market experienced a substantial increase in meth acrylic acid prices driven by high demand from sectors like paints, coatings, automotive, and construction. Supply constraints, combined with manufacturing complications and rising raw material costs, further pushed prices upward. Unexpected disruptions like plant shutdowns and port delays, compounded the supply issues, creating a tight market and further elevating prices.

The price trend for methacrylic acid in Japan for Q3 2024 settled at 2,145 USD/MT in September. The market witnessed significant price increases. Strong demand, especially in industries like paints and coatings, combined with unexpected supply constraints due to plant shutdowns, drove prices higher. Rising raw material costs and logistical disruptions further fueled price volatility, with the market showing a positive yet volatile trend.

In Belgium, the methacrylic acid prices for Q3 2024 reached 2,510 USD/MT in September. The market a rise in prices with strong need from key sectors like automotive and construction. Supply disruptions due to technical difficulties at manufacturing facilities and rising raw material costs, particularly acetone, contributed to the price increases. Port congestion and logistical issues also played a role in exacerbating supply constraints, resulting in higher prices.

In Brazil, the methacrylic acid prices for Q3 2024 reached 3,400 USD/MT in September. The market saw a price uptick due to strong demand across industries like paints, coatings, and adhesives. Supply constraints, caused by production challenges and disruptions at key facilities, further contributed to the rise in prices. Additionally, the increase in raw material costs, particularly acetone, added to the market's upward pressure.

Methacrylic Acid Prices June 2024

The methacrylic acid prices in the United States for Q2 2024 reached 2,472 USD/MT in June. The prices in the United States experienced consistent growth, driven by strong demand from sectors like automotive, paints, and coatings. Seasonal peaks in construction and painting activities significantly impacted demand, while tight supply chains and rising raw material expenses, such as crude oil, intensified price hikes. Manufacturers struggled to keep pace with demand, contributing to a favorable pricing trend throughout the quarter.

The price trend for methacrylic acid in South Korea for Q2 2024 settled at 2,123 USD/MT in June. The market saw significant price increases due to heightened need from industries like automotive and construction. A weakened currency and supply disruptions added further pressure on prices. The quarter saw supply constraints exacerbated by raw material cost increases, particularly acetone, with manufacturers adjusting pricing strategies to maintain competitiveness in a strained market.

In Brazil, the methacrylic acid prices for Q2 2024 reached 2,559 USD/MT in June. The market experienced price hikes driven by robust demand from paints, coatings, and construction sectors. Logistical challenges and increasing raw material costs, such as acetone, contributed to tighter supply conditions. As local manufacturers adjusted their prices in response to the broader international market trends, the overall pricing environment in Brazil remained positive throughout the quarter.

Methacrylic Acid Prices December 2023

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.

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

Q3 2024:

In Q3 2024, meth acrylic acid prices in Europe increased, with the market experiencing significant price increases, particularly in Germany. Strong need from key sectors like paints, coatings, automotive, and construction placed upward pressure on prices. Unexpected plant shutdowns, coupled with production difficulties, restricted supply, while rising raw material costs, especially acetone, further pushed manufacturing expenses higher. Logistical challenges, including congestion at major European ports like Hamburg and Felixstowe, exacerbated the supply chain issues and contributed to delays in deliveries. These disruptions were compounded by the global demand for meth acrylic acid, which remained robust despite regional challenges. The market sentiment throughout the quarter reflected strong need, supply constraints, and heightened production costs, creating a bullish pricing trend.

Q2 2024:

The European market for meth acrylic acid in Q2 2024 experienced an upward price trend, influenced by increased demand from construction, automotive, and export sectors. The seasonal spike in construction and renovation activities pushed meth acrylic acid consumption higher. However, disruptions at vital manufacturing facilities, along with reduced inventories and lower domestic output, tightened supply. These supply constraints were further exacerbated by rising feedstock costs, notably for acetone. Germany experienced the most notable price movements due to strong local need and constrained supply. The overall European market sentiment remained positive, bolstered by seasonal changes and export pressures, contributing to higher prices across the region.

Q4 2023:

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.

North America Methacrylic Acid Price

Q3 2024:

During the third quarter of 2024, the meth acrylic acid market in North America experienced significant price hikes due to a variety of reasons. There was not enough supply to meet the high demand from industries like paints, coatings, automotive, and construction, leading to supply constraints. In addition to production difficulties, escalating prices of raw materials, especially acetone, contributed to the pressure on supplies. International need, particularly coming from Mexico and Latin America, helped drive the increase in prices. Furthermore, supply issues were further worsened by unforeseen plant shutdowns and natural events like Tropical Storm Francine. The work stoppages at significant American ports caused additional disruptions in transportation and raised shipping costs, as changes in crude oil prices also raised manufacturing expenses. The region experienced a positive pricing environment in the quarter due to these combined factors.

Q2 2024:

In Q2 2024, the pricing of meth acrylic acid in North America surged due to a combination of strong demand and supply disruptions. Several industries, including automotive, paints, and coatings, ramped up production, especially with seasonal peaks in construction activities. This heightened need coupled with restrained availability strained supply chains. Additionally, rising raw material expenses, driven by higher crude oil prices and logistical challenges, further fueled price increases. The market in the USA saw a sustained positive trend, with producers struggling to meet demand amidst ongoing production requirements. Weather conditions contributed to increased construction and painting activities, intensifying the demand for meth acrylic acid and creating a favorable pricing environment throughout the quarter.

Q4 2023:

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.

Middle East and Africa Methacrylic Acid Price

Q3 2024:

The meth acrylic acid market in the Middle East and Africa saw significant price increases in Q3 2024, driven by heightened demand from industries like paints, coatings, and acrylic fibers. Production challenges, including technical issues and plant shutdowns, constrained supply and contributed to higher prices. Rising costs for key raw materials such as acetone further added to manufacturing expenses. The seasonal uptick in construction activity and inventory replenishment efforts after earlier destocking periods also contributed to increased demand. Saudi Arabia, in particular, witnessed the most significant cost movements, reflecting overall bullish market sentiment. Despite disruptions, the region maintained a positive pricing outlook, driven by continued strong demand and supply chain constraints.

Q2 2024:

The Middle East and Africa region saw a noticeable increment in meth acrylic acid prices in Q2 2024, primarily due to robust demand from the paints, coatings, and adhesives sectors. Limited international arrivals and logistical issues further strained supply, amplifying the price hikes. Increased feedstock costs, particularly for acetone and crude oil, also played a significant role in pushing prices higher. Saudi Arabia, in particular, experienced major expenses fluctuations, driven by both local demand and external market conditions. Seasonal aspects, such as the end of the summer slump and growing energy material demand, facilitated a positive market sentiment in the region, with strategic price adjustments made by local manufacturers.

Q4 2023:

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.

Asia Pacific Methacrylic Acid Price

Q3 2024:

The meth acrylic acid market in the Asia Pacific region experienced notable price hikes in Q3 2024, driven by strong demand in industries such as paints, coatings, and adhesives. Technical difficulties at production plants, combined with supply chain disruptions and feedstock shortages, added to the strain on supply. Rising prices of essential feedstock like acetone and sulfuric acid increased production expenses. In addition, maintenance shutdowns and force majeure events at major chemical plants, such as Zhejiang Satellite Petrochemical and Chongqing Yixiang Chemical, further exacerbated the market challenges. Seasonal demand peaks, along with production and logistical setbacks, pushed prices upward, particularly in Japan. Despite these disruptions, the market sentiment remained positive as demand continued to outpace supply.

Q2 2024:

In the second quarter of 2024, the pricing environment for meth acrylic acid in the Asia Pacific region was marked by major upward trends, mainly due to supply limitations and increasing need from sectors like paints, automotive, and construction. Unplanned shutdowns, like the force majeure at Zhejiang Satellite Petrochemical Co. in China, contributed to supply disruptions. Rising raw material expenses, especially acetone, added to production costs. Japan experienced the most major cost surge, influenced by seasonal requirements and a strong automotive sector. The weakening of the yen, combined with logistical issues, contributed to higher costs, which were reflected in the overall positive price movement in the region.

Q4 2023:

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.

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.

Methacrylic Acid Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Methacrylic Acid Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024Edition,” 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.

Report Coverage

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.