Methyl Meth Acrylate (MMA) Price Trend

Methyl Meth Acrylate (MMA) Prices March 2024

The price of methyl meth acrylate (MMA) in Korea for Q1 2024 reached 1630 USD/Ton in March, exhibiting volatility during the first quarter of 2024. Initially, in January, prices rose in Japan influenced by increased Acetone costs and constrained production due to a significant earthquake near the Noto Peninsula, which disrupted industrial activity. However, subdued demand from the automotive and construction sectors led to reduced prices in February. Prices rebounded in March, driven by continued high feedstock costs and limited MMA stock, compounded by disruptions in transportation routes due to geopolitical tensions in the Red Sea.

In Brazil, the prices of MMA reached 2000 USD/Ton in Q1 of 2024, demonstrating a downward trend in the early part of Q1 2024 due to weak demand and economic challenges, including increased inflation impacting buyer purchasing power. However, towards the latter half of the quarter, prices rose as demand recovered, bolstered by a rise in new vehicle sales and higher consumption in the automotive and construction industries. Import costs also increased due to higher prices in the US market and logistical challenges, such as rerouted shipments due to the Panama Canal and Red Sea issues, contributing to the upward price movement of MMA.

Methyl Meth Acrylate (MMA) Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Methyl Meth Acrylate (MMA) Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of methyl meth acrylate (MMA) 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 methyl meth acrylate (MMA) at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of methyl meth acrylate (MMA) price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing methyl meth acrylate (MMA) 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.

Methyl Meth Acrylate (MMA) Market Analysis

The global methyl meth acrylate (MMA) market size reached US$ 8.1 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 12.5 Billion, at a projected CAGR of 4.90% during 2023-2032.

• The price of raw materials, mainly acetone, plays a significant role in determining market trends. Changes in the worldwide costs of acetone have a direct effect on the manufacturing expenses of MMA. With the increase in acetone prices, manufacturers frequently encounter higher cost pressures which result in changes to their pricing strategies.
• The demand for MMA in the market is largely driven by key end-use industries like automotive, electronics, and construction. These industries utilize materials derived from MMA, such as Polymethyl Methacrylate (PMMA), for a range of uses like automotive components, LCD displays, and construction materials. Changes in these sectors can greatly impact the usage and cost of MMA.
• Improvements in production technology can increase the effectiveness and lower the expenses of producing MMA. New product applications may be developed as a result of innovations, thus broadening the market for them. These changes are essential for upholding the competitiveness of MMA in the polymers market.
• Stricter environmental regulations regarding the production and disposal of chemicals can influence the global market. Regulations may increase operational costs or require changes in manufacturing technology.
• The market is sensitive to disruptions in the supply chain, such as those caused by political instability, natural disasters, or logistical challenges. Efficient supply chain management is crucial for maintaining steady production and distribution.
• Investor sentiment and speculative activities can influence product pricing and investment. Positive market outlooks can attract investments into MMA production capacities, while negative sentiments can deter investment. Such dynamics often result in price fluctuations independent of physical market conditions.
• Political events and trade policies can impact the market by altering import-export dynamics and feedstock availability. For instance, trade barriers can restrict the flow of essential raw materials or finished products, affecting global supply and prices. Political stability in key MMA producing regions also plays a crucial role.
• Advances in application sectors such as renewable energy, where MMA-based materials are used in solar panels and wind turbines, drive market demand. As these sectors expand, they create new opportunities for the market. Continuous innovation in applications can lead to sustained growth in MMA consumption.
• Changing consumer preferences towards more sustainable and high-quality products influence MMA usage, particularly in the packaging and consumer goods sectors. Increased demand for durable and lightweight materials can lead to higher consumption of MMA-based products.

Methyl Meth Acrylate (MMA) News

The report covers the latest developments, updates, and trends impacting the global methyl meth acrylate (MMA) 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 methyl meth acrylate (MMA) production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the methyl meth acrylate (MMA) price trend.

Latest developments in the methyl meth acrylate (MMA) industry:

• February 12, 2024: The Mitsubishi Chemical Group (MCG Group) announced that the company has developed a high heat-resistant ceramic matrix composite (CMC) using pitch-based carbon fibers. Providing heat resistance as high as 1,500 °C, the CMC is expected to be used mainly for space industry applications. The CMC will be exhibited at the 2024 International Space Industry Exhibition in Tokyo from February 20 to 22, 2024, and JEC World 2024 in Paris from March 5 to 7.
• May 17, 2024: Dow was awarded six 2024 SEAL Business Sustainability Awards, recognizing its commitment to sustainability and environmental stewardship.
• July 31, 2023: Sumitomo Chemical added five products to its Sumika Sustainable Solutions, now totaling 71, with FY2022 sales of approximately 682.8 billion yen, representing 24% of total revenue. The company’s target is sales to be in 700 billion yen in the fiscal year of 2024 and 1.2 trillion yen in the fiscal year of 2030 with sustainable strategy since 2016.

Product Description

Methyl meth acrylate (MMA) is a synthetic chemical compound with the formula C5H8O2, known for its versatility and numerous applications across various industries. It is a colorless, volatile liquid with a sharp, fruity odor, primarily used as a monomer in the production of polymethyl methacrylate (PMMA) and other acrylic plastics.

MMA is widely utilized in manufacturing processes for products such as automotive parts, adhesives, coatings, and transparent glass substitute materials due to its excellent weatherability, clarity, and resistance to UV light and impact. Additionally, MMA's applications extend to the construction and electronics industries, reflecting its integral role in modern manufacturing and technology.

Regional Coverage

The report provides a detailed analysis of the methyl meth acrylate (MMA) 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 methyl meth acrylate (MMA) price trend.

Global Methyl Meth Acrylate (MMA) Price

The report offers a holistic view of the global methyl meth acrylate (MMA) pricing trends in the form of methyl meth acrylate (MMA) 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 methyl meth acrylate (MMA) 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 methyl meth acrylate (MMA) 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 Methyl Meth Acrylate (MMA) Price

Prices of MMA in the beginning of Q1 2024 dropped in the European market, with major consumer industries giving in to weak demand, together with persistently high inflation and a high-interest rate environment, thus affecting the market adversely. Towards the end of this quarter, many factors caused an increase in prices: consequence of increased acetone and crude oil prices, low supply after major producer Rohm's operational adjustments, and also bettering demand in the automobile sector.

This analysis can be extended to include detailed methyl meth acrylate (MMA) price information for a comprehensive list of countries.

North America Methyl Meth Acrylate (MMA) Price

US MMA spot prices slipped in the first quarter of 2024, bucking the increasing feedstock acetone's costs, pressured by macroeconomic difficulties and soft demand. Prices rose back toward the end of Q1, after lower operating rates during the holiday season and tight MMA availability post-holiday, leading producers to hike their price nominations in line with increasing demand from automotive and construction. Additionally, logistical issues including shipping disruptions in the Red Sea, traffic constraints in the Panama Canal, and severe weather conditions in the US further strained supply, maintaining upward pressure on MMA prices.

Specific methyl meth acrylate (MMA) historical data within the United States and Canada can also be provided.

Middle East and Africa Methyl Meth Acrylate (MMA) Price

The report explores the methyl meth acrylate (MMA) 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 methyl meth acrylate (MMA) prices for countries can also be provided.

Asia Pacific Methyl Meth Acrylate (MMA) Price

In the first quarter of 2024, methyl meth acrylate (MMA) prices in Japan experienced notable fluctuations. Initially, prices increased in January due to a rise in acetone costs and a disruptive earthquake near the Noto Peninsula, but a decline followed in February amid weak global demand and slow consumption in the automotive and construction sectors. Prices rebounded in March, driven by ongoing high feedstock costs, reduced production outputs, and geopolitical tensions in the Red Sea impacting supply chains.

This methyl meth acrylate (MMA) price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Methyl Meth Acrylate (MMA) Price

In the South American market, particularly in Brazil, Methyl Methacrylate (MMA) prices experienced fluctuations during the first quarter of 2024. Initially, prices declined due to weak demand from the Polymethyl Methacrylate industry and economic uncertainties, exacerbated by rising inflation which eroded consumer purchasing power. However, towards the latter part of the quarter, MMA prices rebounded due to increased domestic demand driven by a recovery in the automotive and construction sectors, coupled with higher import costs and logistical challenges affecting supply routes.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of methyl meth acrylate (MMA) 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 methyl meth acrylate (MMA) 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 methyl meth acrylate (MMA) price charts ensure our clients remain at the forefront of the industry.