Polymethyl Methacrylate (PMMA) Price Trend and Forecast

PMMA Regional Price Overview

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

 

Polymethyl Methacrylate (PMMA) Price Trend for the Q1 of 2024

Product Category Region Price Time Period
Polymethyl Methacrylate (PMMA) Chemicals USA 3290 USD/MT March 2024


Stay updated with the latest Polymethyl Methacrylate (PMMA) prices, historical data, and tailored regional analysis
 

Asia
 

In China, polymethyl methacrylate prices have shown a consistent increase in prices during the first three months of 2024. In China, the prices for general transparent premium PMMA registered a 6% growth in the market. The overall supply and demand outlooks were largely balanced in the Chinese markets. Similarly, in the Indian market, the price trend acquired a positive trail during the said period.
 

Polymethyl Methacrylate (PMMA) Price Chart

Polymethyl Methacrylate (PMMA) Price Trends and Forecast

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After Russia took a decline in their OPEC+ output quotas, the crude oil prices raced in the international markets. This was the biggest reason the production and processing costs inclined globally, especially for high-demand commodities like polymethyl methacrylate. With a rise in fuel price, the shipping charges also surged which were already pumped because of a decline in the number of seaborne fleets.

China saw a rise in international orders as well, which further boosted the domestic prices here. Overall, a positive price trajectory was witnessed in the Asian markets for Polymethyl Methacrylate during the first quarter of 2024.

Europe

Throughout the first quarter of 2024, the European polymethyl methacrylate market experienced a rise in prices, just like the Asian markets. This inclined trend was attributed to a positive performance of both upstream and downstream sectors. The coating and adhesive sectors were constantly placing orders. And with surged energy and labor costs, domestic manufacturing became more expensive.

The import expenditures were already running high since the supply chains were majorly disturbed globally. The Houthi attacks in the Red Sea continued to be a major headache for shipping companies. With this notable support from both supply and demand sides, the polymethyl methacrylate prices surged in the European market throughout the first quarter.

North America

During the first quarter of 2024, polymethyl methacrylate prices in the USA experienced positive fluctuations during the said period. Influenced by the surges in global markets, the prices kept a rising trajectory here as well. Because of the fine consumption for a long time, the inventories were already running dry since the beginning of the quarter in January’24. The market offtakes maintained their momentum when the crude oil prices surged in the international markets. Noticing the revenue opportunities, the suppliers also raised the prices for polymethyl methacrylate during the said period. Overall, an uphill price trajectory was noticed during Q1’24.

Analyst Insight

According to Procurement Resource, the price trend of Polymethyl Methacrylate is estimated to incline going forward. The current supply and demand dynamic is projecting a positive outlook for the coming quarter.
 

Polymethyl Methacrylate Price Trend for the October - December of 2023

Asia

The PMMA market had tepid demand dynamics in the last quarter of 2023. However, despite the oscillations in the downstream market, the polymethyl methacrylate prices were able to attain some stability in this quarter.

Polymethyl methacrylate is used in everyday industrial processes, and thus, its depleted sales had only a little impact on the market. Further, the production activities of polymethyl methacrylate also declined with a limited supply of raw materials, which gave traders room to equalize their demand and supply of polymethyl methacrylate.

Europe

The oscillations in the polymethyl methacrylate price trend during the end quarter of 2023 were similar to those in the Asian countries. For the most part of that time, the price graph for polymethyl methacrylate faced downward, reflecting the generally unfavorable sentiment of the European market.

The European polymethyl methacrylate market was forced to shrink in view of weak demand. Nonetheless, a little incline in the price graph for polymethyl methacrylate was noted at the conclusion of the quarter in the month of December.

North America

As the end months of the last quarter of 2023 approached, the cost of feedstock methyl methacrylate began to appreciate in the US markets, causing a rise in the cost of overall production of polymethyl methacrylate. The consumption rates of the consumers also improved slightly as they were still skeptical of the momentum of the US chemical sector. The functioning of downstream automotive and construction industries was still under the pressure of low export activities and limited sales which prevented the rise in the polymethyl methacrylate prices.

Analyst Insight

According to Procurement Resource, the price trend of Polymethyl Methacrylate are estimated to waver in the upcoming quarters as the market dynamics are not likely supported by the demand from the end-user industries.
 

Polymethyl Methacrylate (PMMA) Price Trend for the July - September of 2023

Asia

The Polymethyl Methacrylate prices fluctuated consistently in the given period of the third quarter of the year 2023. The first half of the said quarter was more positively inclined at the price curve compared to the second half. Since the polymer polymethyl methacrylate is produced as a result of the polymerization of methyl methacrylate, the price trend closely followed the feedstock prices.

Other than this, consistent demands from the luminous surface industries like road signs, optical fibres, aircraft canopies, etc., also positively influenced the polymethyl methacrylate market trend. However, since the supply influx didn’t stop amidst stable demands, the overflowing inventories started dominating the polymethyl methacrylate market run, and the prices started slipping in the second half. Overall, mixed market sentiments were observed.

Europe

The European market sentiments for polymethyl methacrylate mostly dwelled on the negative side as the price graph faced downwards for the majority of the said period. A long period of feeble demands rendered the European polymethyl methacrylate market gasping. However, at the end of the quarter in September a little rebound was registered at the polymethyl methacrylate price index. Overall, fluctuating market trend were observed for polymethyl methacrylate throughout the said period.

North America

The North American polymethyl methacrylate market remained subject to the poor economic situation in the region during the entire span of Q3’23. Since the interest rates were touching the skies, the industrial practices remained muted, which directly translated into the dull demands of polymethyl methacrylate. Thus, the polymethyl methacrylate price trend remained downward-facing throughout the said period.

Analyst Insight

According to Procurement Resource, not much improvement is anticipated in the Polymethyl Methacrylate going forward, given the current market uncertainties and volatile demands.
 

Polymethyl Methacrylate (PMMA) Price Trend for the First Half of 2023

Asia

In the Asian Polymethyl Methacrylate (PMMA) market, the prices observed a swinging pattern throughout the first half of 2023. The market started slowly at the beginning of Q1 but picked up pace by the middle of Q1 as the downstream construction and safety sectors started posing higher demands, with markets, especially the Chinese market, picking up pace in the post-lockdown era. Prices wavered in an overall positive direction till the middle of the second quarter, then finally experienced a dip by the end of the second quarter, as the inventories started overflowing.

Europe

In the European Polymethyl Methacrylate (PMMA) market, the prices exhibited a mixed pattern as the prices rose in the first quarter and declined in the second. The market was struggling in the previous quarters because of the mounting inflation; the market showed some recovery in Q1. But as the stockpiles exceeded their standard limits, the prices turned south in the second quarter. Overall, mixed market sentiments were observed throughout.

North America

The North American Polymethyl Methacrylate (PMMA) market almost replicated the trend in both quarters of H1 2023. Prices rose at the beginning through the middle and then subsided by the end of the quarter. Demands posed by construction sectors and the stock levels in the countries primarily determined the market performance. Overall, the trend were observed to be seesawing throughout.

Analyst Insight

According to Procurement Resource, the price trend for Polymethyl Methacrylate (PMMA) will continue to fluctuate, driven by uncertain feedstock costs and downstream demands.

Procurement Resource provides latest prices of Polymethyl Methacrylate (PMMA). 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 Polymethyl Methacrylate (PMMA)

PMMA or polymethyl methacrylate is a rigid, transparent resin produced by the polymerization of methyl methacrylate. It can perfectly transmit visible light through it and is used as a substitute for glass in lighted signs, skylights, shatterproof windows, and aircraft canopies.

Polymethyl Methacrylate (PMMA) Product Details

Report Features Details
Product Name Polymethyl Methacrylate (PMMA)
Industrial Uses Illuminated signs, domed skylights, aircraft canopies, luminous ceilings, swimming pool enclosures, optical fibres. 
Chemical Formula (CH2=C[CH3]CO2H)n
HS Number 39169032
CAS Number 9011-14-7
Synonyms Plexiglas, Lucite, Perspex.
Molecular Weight 100.1158 g/mol
Supplier Database Röhm GmbH, ChiMei Corporation, Plaskolite LLC, Kuraray Co., Ltd, Lotte Chemical Corporation, Kolon Industries Inc., Toray Industries, Inc., Trinseo S.A, LG Chem Ltd, SABIC, Mitsubishi Chemical Holdings Corporation, Sumitomo Chemical Co., Ltd.
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.

Polymethyl Methacrylate (PMMA) Production Processes

The polymerization of methyl methacrylate forms PMMA. The production starts by obtaining propylene from the crude oil, which reacts with benzene giving cumene. The cumene is oxidized and reacted with an acid to give acetone, which is converted to methyl methacrylate. Finally, PMMA is obtained by the polymerization of methyl methacrylate.

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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