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Methyl Methacrylate Price Trend and Forecast
Methyl Methacrylate Price Trend and Forecast
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 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.
About
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.
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.
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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