Polymethyl Methacrylate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data

Polymethyl Methacrylate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data

Report Format: PDF+Excel | Report ID: SR112024A22726
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Polymethyl Methacrylate Prices December 2023

Product
Category Region Price
Polymethyl Methacrylate Polymer & Resin USA 3350 USD/MT
Polymethyl Methacrylate Polymer & Resin South Korea 1852 USD/MT
Polymethyl Methacrylate Polymer & Resin Germany 3190 USD/MT


The price of polymethyl methacrylate in the United States for Q4 2023 reached 3350 USD/MT in December. In Q 4 2023, polymethyl methacrylate prices in USA have shown a bullish trend. Major producers like Roehm and Mitsubishi Chemical Methacrylate announced the increase in prices mainly driven by fluctuating feed stock costs and rising demand from construction industry.

During the fourth quarter of 2023 polymethyl methacrylate prices in South Korea consistently declined because of limited support from feedstock methyl methacrylate and subdued inquiries from construction sector. The price of polymethyl methacrylate in South Korea reached 1852 USD/MT at the end of December 2023.

In Q 4 2023 the price of polymethyl methacrylate in Germany reached 3190 USD/MT in December 2023. Prices in Germany experienced a decline because of decreased feed stock methyl methacrylate, reducing production cost.

Polymethyl Methacrylate Price Trend, Market Analysis, and News

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

The report examines the elements influencing polymethyl methacrylate 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.

Polymethyl Methacrylate Price Trend

Polymethyl Methacrylate Market Analysis

The global polymethyl methacrylate market size reached US$ 5.4 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 8.2 Billion, at a projected CAGR of 4.60% during 2023-2032.

  • The automotive industry is increasingly using polymethyl methacrylate in components like light covers and windows because of its lightweight and durable properties. The industries shift toward energy efficient vehicles where reducing weight is crucial for enhancing fuel efficiency and performance is contributing to the market growth. According to a report published by the Association of European Automobile Manufacturers, in the year 2022, 85.4 million motor vehicles were produced across the world with an increase of 5.7% as compared to the year 2021. This expansion of the automotive industry is pivotal to the extensively increasing usage of polymethyl methacrylate. In addition to this, polymethyl methacrylate’s durability and resistance to weathering ensure a long-lasting performance which makes it a cost-effective choice for automotive manufacturers aiming to meet stricter environmental regulations and consumer expectations for high quality hence driving the polymethyl methacrylate market.
  • The growing advancement in medical technology is also propelling the demand for polymethyl methacrylate because of its high performance and biocompatibility. It is widely used in the medical field for producing bone cement which is important in orthopedic surgeries, intraocular lenses for eye surgeries and dentures. These applications benefit from PMMA’s stability, non-reactivity and clarity. The aging population and ongoing innovations in healthcare are further driving the need for durable and safe medical materials. PMMA’s adaptability to various medical applications and its ability to meet strict health and standards makes it a very sought after material in the expanding healthcare industry which propels the polymethyl methacrylate market demand.
  • The growing usage of polymethyl methacrylate in electronics and LED lighting industries is mainly driven by its superior optical properties. Its excellent clarity and light transmission capabilities make it ideal for use in smartphone screens, television displays and other electronic devices where visual quality is important. According to an article published by Techwire Asia, India is now the second largest phone manufacturing country after China with two billion ‘Made in India’ smartphones produced between 2014 to 2022 registering at 23% compound annual growth in between 2014 and 2022. The growing smartphone industry underscores the demand for polymethyl methacrylate because of its indispensable use in smartphone screens thereby creating a positive outlook for polymethyl methacrylate market.

Polymethyl Methacrylate News

The report covers the latest developments, updates, and trends impacting the global polymethyl methacrylate 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 polymethyl methacrylate production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that shape the industry landscape.

Latest developments in the polymethyl methacrylate industry:

  • In 2024, Rohm announced the expansion of its PMMA production capacity in Worms, Germany, with a new plant for Plexiglas molding compounds, enhancing its market leadership in Europe. The new plant features a highly energy-efficient production process, reducing the carbon footprint of molding compound production.
  • In 2023, Specialty material solutions provider Trinseo announced the inauguration of its next-generation PMMA depolymerization plant in Rho, Italy. The facility will use advanced recycling and purification processes to transform PMMA-based materials into high-quality recycled PMMA that matches the quality of its virgin counterpart. The depolymerization operation will be part of Trinseo's "R-Life" portfolio, promoting a circular plastics value chain without compromising performance and supporting the company's focus on sustainability-driven innovation.

Product Description

Polymethyl methacrylate (PMMA) is also known as acrylic or acrylic glass. Polymethyl methacrylate is a transparent thermoplastic, which is often used as a lightweight, shatter resistant alternative to glass. The polymethyl methacrylate is derived from methyl methacrylate monomer. PMMA is primarily known for its clarity, resistance to ultraviolet light and weathering and excellent optical properties. These characteristics make it a highly sought after material for numerous applications, including automotive windows, aquariums, lenses and various protective barriers. One of the main advantages of PMMA is its moldability, strength and its dimensional stability which allows it to be formed into a variety of shapes and sizes enhancing its utility across various industries. Polymethyl methacrylate is also commonly used in medical field for bone cement and cosmetic implants because of its biocompatibility.

Regional Coverage

The report provides a detailed analysis of the polymethyl methacrylate market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends 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 price trends.

Global Polymethyl Methacrylate Price

The report offers a holistic view of the global polymethyl methacrylate pricing trends, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level.

Europe Polymethyl Methacrylate Price

The prices of polymethyl methacrylate (PMMA) have declined due to the low cost of production from the decreased feedstock methyl methacrylate prices in Germany. The market sentiments for PMMA have been bearish due to lukewarm demand from the construction and electronic industries. Although inquiries from the automotive sector have increased, they have limited bearing on the prices. The low operating rates of manufacturing firms are due to the underperforming end businesses and economic uncertainties globally.

This analysis can be extended to include detailed polymethyl methacrylate 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 Polymethyl Methacrylate Price

Prices of Polymethyl Methacrylate (PMMA) have risen in the US market due to increased demand from the construction industry, limited supply in the resale market, and steady offtake from the automotive sector. PMMA producers Roehm and Mitsubishi Chemical Methacrylate have independently announced price increases effective from November 1, 2023. Import from Asia has also turned costly due to increased freight charges. 

Specific data on polymethyl methacrylate prices within the United States and Canada can also be provided.

Region Countries Covered
North America United States and Canada


Middle East and Africa Polymethyl Methacrylate Price

The report explores the polymethyl methacrylate 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 polymethyl methacrylate 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 Polymethyl Methacrylate Price

During Q4 2023, Polymethyl Methacrylate prices in South Korea's domestic market decreased due to limited support from Methyl Methacrylate feedstock and subdued inquiries from the construction sector. However, the automotive sector exhibited moderate offtake. Inquiries from China were on the lighter side, leading to a dip in exports. South Korea's inflation decreased in November, helping alleviate strains on end-use industries' buying capacities. Manufacturers also released existing inventories during the ongoing destocking season. 

This analysis can be further extended to include detailed polymethyl methacrylate prices for 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 Polymethyl Methacrylate Price

The analysis of polymethyl methacrylate 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 Polymethyl Methacrylate
Report Features Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, 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
  • Company Overview
  • Business Description
  • Product Portfolio
  • Recent Trends and Developments
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

  • Scope
    • Historical Data for the Current Month
    • Forecast for Next Month
  • Total Deliverables Per Year: 12 (One Per Month)
  • Includes: One PDF and Excel datasheet per month, Post Purchase Analyst Support throughout the year

Plan B: Quarterly Updates - Annual Subscription

  • Scope
    • Historical Data for the Current Quarter
    • Forecast for Next Quarter
  • Total Deliverables Per Year: 4 (One Per Quarter)
  • Includes: One PDF and Excel datasheet per Quarter, Post Purchase Analyst Support throughout the year

Plan C: Biannually Updates - Annual Subscription

  • Scope
    • Historical Data for the Current Half
    • Forecast for the Next Half
  • Total Deliverables Per Year: 2 (One Per 6 Months)
  • Includes: One PDF and Excel datasheet per Half, Post Purchase Analyst Support throughout the year  
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 polymethyl methacrylate 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 polymethyl methacrylate price volatility, 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, ensuring they remain at the forefront of the polymethyl methacrylate 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.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Polymethyl Methacrylate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
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