HPMA (Hydroxypropyl Methacrylate) Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of HPMA (Hydroxypropyl Methacrylate) in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Hydroxypropyl Methacrylate (HPMA) Price Trend for Second Half of 2023

HPMA is a versatile monomer widely used in the manufacturing of adhesives, coatings, and dental products based on acrylic. Its demand is influenced by its capacity to improve weather resistance, adhesion, and durability in a number of products. Furthermore, the need for HPMA-based formulations is fueled by the growing electronics, automotive, and construction sectors, as well as by advancements in polymer science that are broadening the field's application.

Hydroxypropyl Methacrylate (HPMA) Price Chart

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The hydroxypropyl methacrylate prices witnessed a downward trend across the world throughout the third and fourth quarters of 2023, majorly due to the limited support from the feedstock market. In Asia, including India, economic recovery remained sluggish, constraining expansion opportunities for downstream industries and reflecting in declining hydroxypropyl methacrylate prices.

Similarly, in Europe, the hydroxypropyl methacrylate market faced challenges as raw material costs decreased, downstream demand weakened, and consumer preferences shifted away from hydroxypropyl methacrylate products. Moreover, minimal movement in upstream material prices like acetone and sulphuric acid contributed to the market's subdued performance.

In North America, hydroxypropyl methacrylate prices also declined on account of falling raw material costs and subdued demand from the paints and coatings sector. Additionally, factors such as lower water levels in the Panama Canal, increased inventories, and crude oil price uncertainties further dampened market sentiments.

Analyst Insight

According to Procurement Resource, the price trend of Hydroxypropyl Methacrylate is likely to exhibit stability owing to the stable cost of feedstock materials and the rise in the momentum of downstream industries.

HPMA (Hydroxypropyl Methacrylate) Price Trend for the H1 of 2023

HPMA (Hydroxypropyl Methacrylate) prices mostly depend on the feedstock Meth Acrylic Acid and Propylene Oxide. Feedstock prices fluctuated throughout the first half of 2023, directly impacting the price trend of HPMA.

HPMA prices showed some upward movement initially in the first quarter as the feedstock prices rose. The reopening of the Chinese market after the COVID-19 lockdown also helped in providing positive cost support to Hydroxypropyl Methacrylate.

The market started stabilizing; the downstream demands dipped, leading to a rise in inventories towards the end of the second quarter. This led to a slip in the Hydroxypropyl Methacrylate price trendss. Overall, a mixed price trends was observed for Hydroxypropyl Methacrylate as the market remained tugged between upstream costs and downstream demands.

Analyst Insight

According to Procurement Resource, the price trendss of HPMA (Hydroxypropyl Methacrylate) will likely oscillate in the coming quarter, given the supply chain normalization and low yet stable demands.

Procurement Resource provides latest prices of HPMA (Hydroxypropyl Methacrylate). Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.