Polymethyl Methacrylate Price Trend

Polymethyl Methacrylate Prices December 2023

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 price of polymethyl methacrylate at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of polymethyl methacrylate price trend 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 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 impact the polymethyl methacrylate price trend.

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, 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 polymethyl methacrylate price trend. 

Global Polymethyl Methacrylate Price

The report offers a holistic view of the global polymethyl methacrylate pricing trends in the form of polymethyl methacrylate 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 polymethyl methacrylate 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 polymethyl methacrylate 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 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.

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 polymethyl methacrylate historical data within the United States and Canada can also be provided.

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.

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 polymethyl methacrylate price analysis can be expanded to include a comprehensive list of countries within the region.

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.

Report Coverage

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 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 polymethyl methacrylate price charts ensure our clients remain at the forefront of the industry.