Methyl Meth Acrylate (MMA) Prices

Methyl Meth Acrylate (MMA) Prices June 2024

During Q2 2024, the methyl meth acrylate (MMA) prices in USA reached 2472 USD/MT in June. Market remained strong due to supply constraints and rising demand from automotive and PMMA industries. Production capacity expansion by a major PMMA producer also contributed to heightened demand for MMA. Mixed signals were observed in feedstock trends and market participants anticipate supply challenges due to potential weather disruptions, impacting MMA prices.

During Q2 2024, MMA prices in South Korea reached 2123 USD/MT in June. MMA prices rose due to limited inventories and adequate cost support from feedstocks. The domestic demand was stable, while overseas inquiries increased. Production constraints led to supply shortages.

In June 2024, MMA prices in the Brazil market settled at 2559 USD/MT, with a slight month-on-month increase. The market witnessed supply shortages due to delayed Asian shipments, dampened domestic demand, and macroeconomic challenges.

Methyl Meth Acrylate (MMA) Prices March 2024

During the first quarter of 2024, the methyl meth acrylate (MMA) prices in the Korea reached 1630 USD/MT in March, exhibiting volatility. 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 manufacturing activity. However, subdued demand from the construction and automotive sectors led to reduced prices in February. Prices rebounded in March, driven by continued high feedstock costs and limited MMA stock, compounded by interruptions in shipping routes due to geopolitical tensions in the Red Sea.

In Brazil, the prices of MMA reached 2000 USD/MT 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 purchasing power. However, toward the latter half of the quarter, prices rose as the demand recovered, bolstered by a rise in new vehicle sales and higher demand from the construction and automotive industries. Import costs also increased due to higher prices in the US market and logistical challenges, such as rerouted shipments because of the Panama Canal and Red Sea issues, contributing to the upward price movement of MMA.

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 the current price but also provides insights into methyl meth acrylate (MMA) historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into methyl meth acrylate (MMA) 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

Q2 2024:

During Q2 2024, MMA prices increased continuously across the region, despite declining feedstock costs. A major producer raised MMA prices, and demand from the PMMA industry, particularly from automotive sector, remained robust. Inflation in Germany fell, contributing to improved consumer sentiment, while the Central Bank in Europe implemented an interest rate cut for the first time in years. The local manufacturing faced challenges due to economic concerns, and supply shortages were exacerbated by costly Asian imports.

Q1 2024:

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

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

Q2 2024:

In Q2 2024, MMA prices in the United States remained stable due to ongoing supply limitations, despite lower raw material costs. Demand from the PMMA sector saw an increase, particularly from automotive industry, which boosted MMA prices. US automotive sales experienced growth, leading to higher consumption of downstream products like PMMA. Notably, a key player increased its PMMA manufacturing output in Connecticut, further driving the MMA demand. However, raw material availability showed mixed trends, and inflation in United States decreased but exceeded Federal Reserve targets.

Q1 2024:

In Q1 2024, MMA prices fluctuated in the United States market. Initially, methyl meth acrylate prices decreased, while acetone prices rose with limited impact on MMA. Soft demand from end use sectors such as PMMA and low operating rates caused MMA prices to later increase. Furthermore, shipping restrictions and weather conditions affected domestic supply, leading to high 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

Q2 2024:

MMA prices rose in South Korea during Q2 2024, driven by supply restrictions and steady demand from the PMMA sector. Support from feedstock prices helped sustain this upward trend, while producers increased prices in response to strong overseas inquiries. Exports from South Korea to key markets like China and the US also showed significant growth, bolstering the regional economy. However, domestic MMA manufacturing faced challenges due to limited feedstock inventories, and numerous producers lowered output rates, contributing to a restricted supply. These factors kept MMA prices on the rise in the South Korean market, reflecting tight market conditions.

Q1 2024:

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 demand among the construction and automotive industries. 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

Q2 2024:

MMA prices in Brazil witnessed an upward trend during Q2 2024, primarily due to limited supply. The demand from the PMMA sector remained subdued as construction and automotive industries faced slowdowns. Brazil's automotive output dropped significantly, which dampened MMA consumption among local consumers. Economically, inflation surged unexpectedly, further eroding consumer purchasing power, while delayed shipments from Asia added to the supply constraints. The ongoing port blockage in Asia is expected to prolong the supply shortage throughout the third quarter of 2024, maintaining upward pressure on MMA prices in the region.

Q1 2024:

In the South American market, particularly in Brazil, MMA prices experienced fluctuations during the Q1 2024. Initially, prices declined due to weak demand from the PMMA sector and economic uncertainties, exacerbated by rising inflation which resulted in lower spending power among purchasers. However, toward the latter part of the quarter, MMA prices rebounded due to increased domestic demand driven by a recovery in construction and automotive 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.

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

IMARC’s newly published report, titled “Methyl meth acrylate (MMA) Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” 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) industry size reached US$ 8.1 Billion in 2023. By 2024, IMARC Group expects the market to reach US$ 12.5 Billion, at a projected CAGR of 4.90% during 2023-2032​.

• 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 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. According to the report published by ACEA, in 2023, global car sales increased by almost 10%, surpassing 72 million units as supply chain challenges eased. European car sales grew by 18.6%, with Russia, Ukraine, and Türkiye showing substantial recoveries. North America witnessed a 15% increase, with the United States recording a 14.4% rise in new car sales. South America's car sales remained stable, primarily driven by Brazil. In Asia, Japanese car sales grew by 15.8%, Chinese sales increased by 4.5%, and Indian sales surged to about 4.2 million units. 
• 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 the product 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) industry, 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:

• In February 2024, Mitsubishi Chemical America announced its plans to construct a new MMA plant in Louisiana, with a final investment decision expected in the second quarter. If approved, the plant could start operations in 2028 and would utilize the company's Alpha process technology. This would be the third plant to feature this technology, which uses ethylene, methanol, and CO to produce MMA. The project has already achieved some regulatory milestones and could potentially impact the market for acetone and phenol.
• In July 2024, Kuraray Co., Ltd. announced its plans to optimize production capacity at its methacrylic resin plant and adjust production and sales volumes for certain products starting from July 2025. The decision aims to combat market challenges, enhance competitiveness, and reduce maintenance costs. The company plans to halve the annual production capacity of MMA and focus on internal operations. Kuraray remains committed to sustainability and efficiency, prioritizing business portfolio upgrades in its medium-term management plan, PASSION 2026.

Product Description

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 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.

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.