Methyl Methacrylate Price Trend and Forecast

Methyl Methacrylate Regional Price Overview

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

 

Methyl Methacrylate Price Trend for the Q1 of 2024

Product Category Region Price Time Period
Methyl Methacrylate Chemicals India 1645 USD/MT January 2024
Methyl Methacrylate Chemicals India 1693 USD/MT (CIF) March 2024


Stay updated with the latest Methyl Methacrylate prices, historical data, and tailored regional analysis
 

Asia

In China, methyl methacrylate prices have shown a steady increase after a period of stagnancy during the first quarter of 2024, supported by a strong trend in upstream prices and stable downstream PMMA demand. The feedstock market also exhibited striking stability with a slight uptick in late March, further supporting the pricing trajectory of methyl methacrylate. Additionally, upcoming maintenance in the major manufacturers of the market reduced the domestic market supply, providing positive cost support for methyl methacrylate.
 

Methyl Methacrylate Price Chart

Methyl Methacrylate Price Trends and Forecast

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The downstream demand for methyl methacrylate, particularly driven by the increasing popularity of electric vehicles, also remained on the higher end and exceeded the expectations of the traders. However, the onset of the Chinese New Year holiday season and spring festivities slowed the growth of the methyl methacrylate market, resulting in the stagnant stance of the pricing patterns. In India, however, exceeding demand and limited supply raised the price quotations from 1645 USD/MT to 1693 USD/MT (CIF). This incline in the prices was the reflection of robust growth of the downstream industries and increasing demand for the commodity from the overseas players.

Europe

Throughout the first quarter of 2024, the European methyl methacrylate market experienced price stability despite ongoing demand challenges. High energy and feedstock costs, along with constrained supplies, moved the traders to raise their pricing quotations despite economic pressures limiting demand. Additionally, the surging global crude oil prices resulting from geopolitical tensions further accelerated the momentum of the methyl methacrylate market.

The production disruptions, including a rail strike and shipping tensions and contraction of manufacturing activity in Germany amid averaging demand from automotive and construction sectors, eventually resulted in oscillations in the pricing patterns of methyl methacrylate. However, the traders were concerned over limited inventories, high production costs, and swindling profitability of the European manufacturers.

North America

During the first quarter of 2024, methyl methacrylate prices in the USA experienced slight oscillations on a month-on-month basis. The acceleration in the EV and automotive sales after a long period of downturn somehow supported the methyl methacrylate price trend in the initial half of the first quarter. However, the persistent trade disruptions and fluctuations in the cost of raw materials depreciated the market momentum throughout the first quarter.

Additionally, the gloomy outlook of overseas sales amid the disruption of the Red Sea trade route and the decline in the water levels of the Panama Canal further elevated the concerns of the manufacturing and trading sectors, resulting in cautious movements of both sectors and limiting the growth potential of methyl methacrylate prices.

Analyst Insight

According to Procurement Resource, the price trend of Methyl Methacrylate is estimated to improve, albeit at a slower pace in the upcoming quarters, as the current dynamics of supply and demand of the market suggest only slow movements in the pricing patterns of methyl methacrylate.
 

Methyl Methacrylate Price Trend for the October - December of 2023

Product Category Region Price Time Period
Methyl Methacrylate Chemicals India 1565 USD/MT (CIF) to 1654 USD/MT Q4'23


Stay updated with the latest Methyl Methacrylate prices, historical data, and tailored regional analysis

Asia

In India, methyl methacrylate prices rose from around 1565 USD/MT (CIF) to 1654 USD/MT in Q4'23. This trend of prices was based on the bullish activities of the downstream industries, resulting in the rise in demand for methyl methacrylate and improving market dynamics of Asian countries.

The market was also favored by the rising cost of feedstock materials and the limited supply of raw materials from the overseas sector. The Indian, as well as Chinese construction and automotive industries, also enjoyed the rigorous initiatives taken by the government in order to boost the output of these industries, which in turn raised the industrial appetite for methyl methacrylate and thus led to a surge in its price graph.

Europe

Due to weak worldwide economies, the European methyl methacrylate market faced several difficulties in the last quarter of 2023, including a decline in domestic demand and a reduction in operating rates in downstream industries. The domestic industry's demand was muted, as evidenced by output operating below capacity. Additionally, the number of new orders from overseas players was also meek, given the rise in geopolitical tensions due to the Isarel-Hamas war.

The last month of the quarter also witnessed a rise in inflation, which further reduced the purchasing power of consumers. To maintain the equilibrium of the market, the traders began destocking activities and discounted inventories that eventually led to a downward movement of the methyl methacrylate price graph.

North America

The persistent challenges for the EV and entire automotive industries led to a decline in their rates of procurement of methyl methacrylate. The North American industries carried forward their pessimistic approach from the previous quarters in the last quarter of 2023. The loss in the feedstock prices and the substantial incline in the inflationary pressure and rates of interest charged by the banks in order to improve the financial outlook of the market proved fatal for the methyl methacrylate price trend.

Analyst Insight

According to Procurement Resource, the price trend of Methyl Methacrylate are estimated to oscillate in the upcoming quarters as the demand is expected to showcase only minimal changes.
 

Methyl Methacrylate Price Trend for the July - September of 2023

Asia

The methyl methacrylate market experienced fluctuations in its price trend during the third quarter of 2023. The initial bloom in the methyl methacrylate price trend was due to support from the domestic demand.

The rise in the cost of feedstock prices during this time also escalated the surge in methyl methacrylate prices along with the increased consumption from the automotive and construction sectors. But soon, the rates of procurement began to fall and the rates of exports from the Asian countries also declined significantly, eventually leading to a downward trend in the methyl methacrylate prices.

Europe

The rise of imports from Asian countries increased the competitiveness of the methyl methacrylate market and thus forced domestic traders to reduce their price quotations. In addition to this, the support from the feedstock industries and the performance of the downstream sector weakened the position of the methyl methacrylate market and, in turn, its price trend. Further, the purchasing potential of the consumers was also altered by the pressure of inflation and underperformance of the overall European industrial sector.

North America

In North America, methyl methacrylate prices slid throughout the third quarter. The most significant contributor to this decline in the methyl methacrylate price trend was the fluctuating cost of feedstock materials. Additionally, due to the hike in inflationary pressure and the ongoing economic crisis, consumers adopted a wait-and-see approach. The muted demand, sufficient availability of stockpiles, and poor consumer sentiments contributed synergistically to keeping the methyl methacrylate price graph in the red zone.

Analyst Insight

According to Procurement Resource, the price trend of Methyl Methacrylate are estimated to follow a declining trajectory as its demand and overall global market sentiments are sliding.
 

Methyl Methacrylate Price Trend For the First Half of 2023

Asia

In the Asia-Pacific region, the price trend of methyl methacrylate inclined in the initial months of the first quarter as the market activities resumed after the holiday season, and increased interest of buyers also supported the rising prices of methyl methacrylate. However, the end phase of the quarter was not as favorable as the initial.

The production rates of methyl methacrylate in China inclined, but the demand from end-user industries did not support the rise in prices, and with a steady supply of imports, the price trend of methyl methacrylate declined at the end of the first quarter.

In the second quarter, the market dynamics again changed direction as the methyl methacrylate prices rose with the inclination in the number of inquiries from both domestic and international buyers. This high demand for methyl methacrylate was catered with a consistent supply of the product, which caused a problem towards the end-phase when downstream activities slid and led to the rise in inventories, hampering the growth of methyl methacrylate price trend.

Europe

The first quarter of 2023 witnessed a positive inclination in the price trend of methyl methacrylate as the European markets were supported by the rise in consumption rates, high cost of production, and spike in demand from the downstream industries. However, the second quarter did not follow this movement of the price trend due to rising rates of inflation and interest.

These drastic market conditions caused cautious buying of consumers, reducing consumption rates. Along with this, the influx of cheap imports from overseas industries and the shutting down of several production units resulted in the decline in the price trend of methyl methacrylate.

North America

In North America, the prices of methyl methacrylate consistently increased with the help of stable demand and support from the downstream industries. In addition to this, the rising cost of production, high prices of energy, and cuts in supply chains due to the shutting down of some manufacturing units helped the price trend of methyl methacrylate to rise.

In the final phase of the first quarter, the demand from the downstream industries and the rise in the level of inventories hampered the growth of methyl methacrylate prices. The initial months of the second quarter were favorable for the prices of methyl methacrylate, but as the quarter followed, the rates of procurement from downstream industries and supplies of methyl methacrylate flooded the region, and thus, the price trend of methyl methacrylate faced southwards.

Analyst Insight

According to Procurement Resource, the price trend of Methyl Methacrylate is estimated to showcase an oscillating trajectory as the demand from downstream industries does not seem suitable for the methyl methacrylate market.

Procurement Resource provides latest prices of Methyl 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.

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About Methyl Methacrylate

Methyl Methacrylate is the methyl ester of methacrylic acid. Methyl methacrylate is a reactive resin that is utilised in dentistry, orthopaedic surgery, and ophthalmology as cement in its polymerized form. The liquid has a clear, colourless appearance. Water-soluble to a little extent and afloat. heavier than air vapours. The respiratory system and eyes become irritated by vapours. This drug's monomer form has a relaxing impact on smooth muscle throughout the body, which may be due to a nitric oxide-mediated reaction.

Methyl Methacrylate Product Details

Report Features Details
Product Name Methyl Methacrylate
HS CODE 29161400
CAS Number 80-62-6
Industrial Uses Allergen, Used as cement in dentistry, orthopaedic surgery and ophthalmology, Architectural and maintenance paints
Chemical Formula C5H8O2
Molecular Weight 100.12 g/mol
Supplier Database Arkema, Sumitomo Chemical Company, Dhalop Chemicals, Kuraray Group, Saudi Methacrylates Company (SAMAC)
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, 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

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-degree analyst support after report delivery


Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Methyl Methacrylate Production Processes

  • Production of Methyl Methacrylate from t-Butanol and Methanol

This procedure starts with the oxidation of t-butanol to create metacrolein, which is then further oxidised to create methacrylic acid. Finally, methyl methacrylate is created by esterifying the generated methacrylic acid with methanol.

Methodology

The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

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