Polymethyl Methacrylate (PMMA) Prices

Polymethyl Methacrylate (PMMA) Prices June 2024

During Q2 2024, the polymethyl methacrylate (PMMA) prices in the United States reached 3537 USD/MT in June. The prices increased chiefly due to elevating costs of feedstock and constricted supply. Moreover, the automotive sector observed a surge in demand, meanwhile the construction industry noted a decline. Escalating freight costs, resulting in logistical bottlenecks, and subdued imports from Canada and Asia further fueled the price hike.

In South Korea, the PMMA prices reached 2199 USD/MT in Q2 2024 in June, primarily due to high prices of feedstock and strained supply from domestic market. A stable demand was observed from both electronics and construction sector, while the automotive industry exhibited lowered inquiries. This prompted the manufactures to increase export prices amid optimistic international purchasing trends.

In Germany, PMMA prices continuously elevated in Q2 2024, reaching 3466 USD/MT in June. Factors including increased costs of freight and raw materials, and subdued stock levels fueled price hike. Additionally, domestic market experienced constrained product supply, compelling manufactures to elevate prices, while the automotive industry’s demand further boosted this upward price trend.

Polymethyl Methacrylate (PMMA) Prices March 2024 

During the first quarter of 2024, the polymethyl methacrylate (PMMA) prices in Germany were significantly strained by subdued demand, particularly from the construction industry, and narrowed support from feedstock prices. Heightened interest rates and inflation further diminished fundamentals, with production costs elevating due to numerous supply disruption. The quarter ended with PMMA priced at 3152 USD/MT in March.

Polymethyl Methacrylate (PMMA) Prices December 2023

The polymethyl methacrylate (PMMA) prices in the United States for Q4 2023 reached 3350 USD/MT in December, witnessing a bullish trend. Major producers like Rohm and Mitsubishi Chemical Methacrylate announced the increase in prices mainly driven by fluctuating feed stock costs and rising demand from construction industry.

During the Q4 2023, PMMA prices in South Korea consistently declined because of limited support from feedstock methyl methacrylate and subdued inquiries from construction sector. The price of PMMA in South Korea reached 1852 USD/MT at the end of December 2023.

In Q4 2023, the price of PMMA in Germany reached 3190 USD/MT in December. The prices experienced a significant decline primarily because of the subdued feed stock methyl methacrylate, and notable reduction in production costs. Moreover, the low demand from downstream sectors further aggravates the negative market sentiment.

Regional Coverage

The report provides a detailed analysis of the polymethyl methacrylate (PMMA) 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 (PMMA) price trend. 

Global Polymethyl Methacrylate (PMMA) Price

The report offers a holistic view of the global polymethyl methacrylate (PMMA) pricing trends in the form of polymethyl methacrylate (PMMA) 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 polymethyl methacrylate (PMMA) historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into polymethyl methacrylate (PMMA) 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 (PMMA) 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 (PMMA) Price

Q2 2024:

Europe witnessed a significant price rise in the second quarter of 2024, mainly driven by lowered operating rates, heightening costs of freight and raw material, and low stockpiles levels. The price elevation was further affected by Rohm, a major manufacturer, who regulated prices of PMMA upward, following cost pressures. Narrowed feedstock supply compounded the situation, prompting numerous manufacturers to heighten their offers. Furthermore, an escalated demand from the automotive industry was observed to heavily contribute to price elevation, despite ongoing constraints in the construction sector, which constantly struggled with inquiries.

Q1 2024:

In Q1 2024, PMMA prices in Europe experienced shifting trend, with prices under strain initially because of subdued demand across major consumer sectors. In Germany, stagnant consumption, especially from the construction industry, and narrowed cost support accelerated price reduction. Consistent inflation and elevated interest rates further weakened market dynamics, resulting in a sluggish demand across the region. Conversely, towards the quarter end, escalating prices of crude oil propelled the methyl methacrylate price, which ultimately elevated its production costs. In addition, disruptions in supply chain, caused by Germany’s rail strike and geopolitical conflicts significantly affected the market, bolstering the price fluctuations.

Q4 2023:

In Q4 2023, the European market saw a bearish trend in PMMA prices, influenced primarily by reduced manufacturing costs due to lower methyl methacrylate feedstock prices. This decline in costs has resulted in negative market sentiment. Additionally, the economic landscape has been challenging, with high interest rates and inflation lowering the consumer spending capacity. Demand from the electronics and construction sectors remained weak, putting pressure on traders as consumers reduced their buying activities or adopted a wait-and-see approach in anticipation of further price drops. Although there was a slight uptick in automotive sector demand, it did not significantly impact PMMA pricing. Manufacturing operations maintained low outputs due to sluggish demand, leading to high material availability and prompting suppliers to engage in destocking activities.

This analysis can be extended to include detailed polymethyl methacrylate (PMMA) price information for a comprehensive list of countries.

North America Polymethyl Methacrylate Price

Q2 2024:

The prices of PMMA experienced a significant elevation in Q2 2024. This surge was majorly driven by strained product supply and increased costs of feedstock. The heightened demand from automotive industry further boosted the prices, while demand from construction sector subdued, pertaining to constant inflation and increased mortgage rates. In addition, logistical complications, such as weakened imports from Canada and Asia Pacific, resulted in shortage of supply, further amplifying prices in the domestic market. Overall, an upward price trajectory was noted in North America.

Q1 2024:

In the first quarter of 2024, the PMMA market in North America witnessed a significant ascending trend, mostly driven by the accelerating costs of product feedstock amid restricted supply. The notable Red Sea disruptions and drought conditions in the Panama Canal aggravated the shipping difficulties, further affecting price trend. Moreover, manufacturers maintained elevated prices to compensate heightened production costs and preserve net gains. In addition, the automotive sector’s soaring demand boosted market sentiment, fostering a positive trend across North America.

Q4 2023:

PMMA prices in North America rose, specifically in the US market, due to heightened construction industry demand, constrained supply within the resale market, and steady orders from the automotive sector. PMMA producers Rohm and Mitsubishi Chemical Methacrylate independently announced price increases effective from November 1, 2023. Import from Asia also turned costly due to increased freight charges.

Specific polymethyl methacrylate (PMMA) 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 (PMMA) 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 (PMMA) prices for countries can also be provided.

Asia Pacific Polymethyl Methacrylate Price

Q2 2024:

The Asia Pacific market witnessed a constant elevation in PMMA prices in Q2 2024, principally driven by increased costs of raw materials and scarce supply. The support from product feedstock was a crucial factor in sustaining the price elevation in the domestic market domain. This upward trend was further supported by steady demand from sectors including electronics and construction, although automotive sector’s inquiries remained low. Following favorable purchasing sentiment from international markets, manufacturers amplified export prices. In spite of a deceleration in inflation, domestic production rates remained subdues, impacted by heightened costs of raw material.

Q1 2024:

In the first quarter of 2024, PMMA prices in the Asia Pacific fluctuated significantly. January witnessed an increase in prices mainly due to escalated production costs boosted by soaring feedstock prices and restricted production activities. The narrowed availability of product stock, combined with strain on operating rates, further bolstered the uptrend. Nonetheless, the market experienced weakened demand from the sectors like construction and automotive, resulting in a substantial price drop in February. By March, prices recovered, impacted by amplified feedstock costs and transportation routes disruptions stemming from geopolitical conflicts in the Red Sea.

Q4 2023:

During Q4 2023, PMMA prices in the region decreased due to limited assistance from methyl methacrylate feedstock and subdued inquiries from the construction sector. However, the automotive industry showcased a modest offtake. Inquiries from China were observed to be on lighter side, leading to a dip in exports. The inflation in South Korea lowered in November, which further aided in reducing strains on purchasing capacities of downstream sectors. Vendors also released current inventories during the active destocking season.

This polymethyl methacrylate (PMMA) 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 (PMMA) 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.

Polymethyl Methacrylate (PMMA) Price Trend, Market Analysis, and News

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

The report examines the elements influencing polymethyl methacrylate (PMMA) 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 (PMMA) Industry Analysis

The global PMMA industry 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 PMMA in components like light covers and windows because of its lightweight and durable properties. The industry's move toward energy-efficient vehicles, where reducing weight is essential for improving fuel efficiency and performance, is boosting market growth. This growth in the automotive sector is driving the widespread use of PMMA. In addition to this, PMMA’s durability and resistance to weathering ensures 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 PMMA market. According to industry reports, in 2024, the global car count has risen to 1.457 billion, that is 182 cars per 1000 individuals. Moreover, approximately 75 million global car sales were recorded in 2023.
• The growing advancement in medical technology is also propelling the demand for PMMA 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. The aging population (60 years or over) is projected to double by 2050, reaching 2.1 billion.  PMMA’s adaptability to various medical applications and its ability to meet strict health and standards makes it a preferred material in the expanding healthcare industry, which propels the PMMA demand.
• The growing usage of PMMA 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. As per industry reports, approximately 54% of the global population owned smartphones in 2023. The growing smartphone industry underscores the demand for PMMA because of its indispensable use in smartphone screens thereby creating a positive outlook for PMMA market.

Polymethyl Methacrylate (PMMA) News

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

Latest developments in the polymethyl methacrylate (PMMA) industry:

• February 2024: Rohm announced the expansion of its PMMA production capacity in Worms, Germany, with a new facility for Plexiglas molding compounds, enhancing its market leadership in Europe. The new plant features a highly energy-saving production process, reducing the carbon footprint of molding compound manufacture.
• June 2024: 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 widely known by the name acrylic glass or acrylic. PMMA is a transparent thermoplastic, which is generally utilized as a lightweight, shatter resistant substitute for glass. PMMA is derived from methyl methacrylate monomer. PMMA is chiefly renowned for its clarity, resistance to weathering and ultraviolet (UV) light and exceptional optical attributes. Such superior characteristics establish it as a preferred material for variety of applications, such as in manufacturing of aquariums, automotive windows, lenses and numerous 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. PMMA is also commonly used in medical field for bone cement and cosmetic implants because of its biocompatibility.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of polymethyl methacrylate (PMMA) 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 (PMMA) 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 (PMMA) price charts ensure our clients remain at the forefront of the industry.