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Written by Robert Thomas » Updated on: June 26th, 2024
The methyl methacrylate (MMA) prices in Korea for Q1 2024 reached 1630 USD/Ton in March, showing volatility throughout the first quarter. In January, prices rose in Japan due to increased Acetone costs and constrained production following a significant earthquake near the Noto Peninsula, which disrupted industrial activity. However, subdued demand from the automotive and construction sectors led to reduced prices in February. Prices rebounded in March, driven by continued high feedstock costs, limited MMA stock, and disruptions in transportation routes caused by geopolitical tensions in the Red Sea.
The latest report by IMARC Group, titled "Methyl Meth Acrylate(MMA) Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of methyl meth acrylate (MMA) price trend. This report delves into the price of methyl meth acrylate (MMA) globally, presenting a detailed analysis, along with informative methyl meth acrylate (MMA) price chart. Through comprehensive methyl meth acrylate (MMA) price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the methyl meth acrylate (MMA) demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
Methyl Meth Acrylate Prices December 2023:
Report Offering:
The study delves into the factors affecting methyl meth acrylate (MMA) price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
Request For a Sample Copy of the Report: https://www.imarcgroup.com/methyl-meth-acrylate-pricing-report/requestsample
Methyl Meth Acrylate (MMA) Price Trend- Q4 2023
The methyl methacrylate (MMA) market is driven by the growing demand for lightweight and durable materials in the automotive and construction industries. It is a critical component in the production of polymethyl methacrylate (PMMA), which is extensively used for automotive parts, light panels, and acrylic sheets due to its high impact resistance and clarity. Additionally, the rising need for high-performance coatings and adhesives, particularly in the electronics and medical device sectors, fuels the market growth. MMA-based resins are valued for their excellent bonding properties, chemical resistance, and aesthetic appeal, making them ideal for various industrial applications. The increasing adoption of PMMA in the production of signage, displays, and lighting fixtures further propels market expansion. Moreover, the construction industry's shift towards sustainable and energy-efficient building materials has led to a higher demand for MMA, which is used in insulation materials and surface coatings.
Methyl Meth Acrylate (MMA) Market Analysis
The global methyl meth acrylate (MMA) market size reached US$ 8.1 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 12.5 Billion, at a projected CAGR of 4.90% during 2023-2032. In Q1 2024, MMA prices in the US initially dropped despite rising acetone costs. Weakened demand from the PMMA sector, driven by macroeconomic challenges, further pressured prices. However, towards the quarter's end, prices rebounded due to reduced MMA availability from lower operating rates during the holiday season and increased demand from the automotive and construction sectors. Meanwhile, MMA prices in the Asian market fluctuated significantly as prices rose due to increased acetone costs disrupting production and supply. However, in February, prices fell amid off-season dullness and weak demand from the PMMA sector, particularly in automotive and construction. In March, prices surged again due to high acetone costs and reduced manufacturing rates, limiting MMA stock.
Additionally, disruptions in transportation routes caused by Yemen's Houthi group in the Red Sea further pressured manufacturers to increase prices. Apart from this, European MMA prices fluctuated. Early in the quarter, German MMA prices fell due to weak demand and low acetone costs, compounded by inflation and high interest rates. However, prices recovered later due to rising acetone costs driven by high crude oil prices and limited supply from Rohm's planned turnaround and Easter holiday. Along with this, the improved demand from the PMMA sector, particularly in automotive, supported the price increase. Likewise, South American MMA prices varied as prices fell due to weak demand from the PMMA sector amid economic uncertainty and inflation. Also, prices rebounded later as exporting market prices rose and demand from the automotive and construction sectors increased.
Browse Full Report: https://www.imarcgroup.com/methyl-meth-acrylate-pricing-report
Key Points Covered in the Methyl Meth Acrylate (MMA)Pricing Report:
The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:
Regional Price Analysis:
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
About Us:
IMARC is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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