Polymethyl Methacrylate (PMMA) Price Trend and Forecast

Polymethyl Methacrylate (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).

Poly Methyl Methacrylate (PMMA) Price Trend for the Q3 of 2024

Asia

Poly Methyl Methacrylate (PMMA) prices in Asia saw price fluctuations in the third quarter of 2024 due to factors such as unsteady demand from industries like automotive, construction, electronics, and signage.
 

Polymethyl Methacrylate (PMMA) Price Chart

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Price movements were influenced by changes in raw material costs, supply chain disruptions, and overall market sentiment. Despite challenges in certain sectors, the outlook for PMMA in Asia leaned towards cautious optimism as the quarter progressed.

Europe

In Europe, the PMMA market witnessed mixed price trends in Q3 2024, impacted by economic uncertainties, regulatory shifts, and fluctuations in demand from industries like automotive manufacturing, construction, and consumer goods production. Environmental considerations and sustainability initiatives also played a key role in shaping the market dynamics for PMMA in Europe.

North America

The North American PMMA market experienced dynamic pricing fluctuations in the third quarter of 2024, driven by demand from sectors like automotive, aerospace, and medical devices. Market disruptions such as production challenges, global supply chain constraints, and trade uncertainties added complexity to the pricing dynamics of PMMA in the region.

Analyst Insight

According to Procurement Resource, the price of Poly Methyl Methacrylate is likely to continue its complex journey in the coming months. The current macroeconomic indicators will pressurise the global markets.
 

Polymethyl Methacrylate Price Trend for the Q2 of 2024

Asia

During the second quarter of 2024, the Asian polymethyl methacrylate (PMMA) market experienced a generally optimistic outlook, driven primarily by robust demand from both domestic and international downstream industries. Despite increasing transportation costs and extended lead times, the number of inquiries from international players remained high, supporting an upward price trend for PMMA. Although the market growth was slightly constrained during the May Day holiday season, it rebounded sharply afterward.

The expansion of PMMA production facilities, particularly in China, significantly contributed to the positive momentum. In India, the market reflected similar trends, with PMMA prices climbing, driven by the expansion of production bases to cater to both domestic and overseas markets. The increased demand from various applications, including automotive, electronics, and construction, further bolstered the market, maintaining a strong upward trajectory throughout the quarter.

Europe

In Europe, the PMMA market experienced a notable price increase during Q2 2024, influenced by rising raw material costs and constrained supply. Major producers raised their basic price quotations in response to the heightened costs of feedstock, which significantly impacted PMMA production costs and prices. Despite the high prices, demand from downstream industries, particularly automotive and construction, remained under pressure due to macroeconomic challenges such as rising interest rates, inflation, and economic stagnation.

PMMA manufacturing units operated at reduced rates due to weak demand and economic uncertainties, leading to limited inventory levels. Logistical challenges and inflationary pressures were further exacerbated by transport worker strikes at major German ports, causing shipping delays and supply disruptions. Despite slow inquiries from downstream industries, PMMA prices did not decrease, reflecting the overall market tightness and the sustained upward pressure on prices.

North America

In North America, the PMMA market saw significant upward movement in Q2 2024, driven by supply constraints and rising demand from the downstream PMMA industry, particularly in the automotive sector. Although feedstock acetone prices declined, which reduced PMMA production costs, the supply limitations and improving demand dynamics prevented any decrease in PMMA prices. Macroeconomic factors such as persistent inflation and elevated borrowing costs slightly limited consumer spending, but this was offset by the strong demand for PMMA in various applications.

The significant expansion in PMMA production capacity by Rohm further increased the domestic inflow of the commodity, contributing to the uptrend in PMMA demand. Manufacturing firms operated below full capacity due to global uncertainties and potential weather disruptions, such as the hurricane season, which further limited material availability and supported the upward price trend.

Analyst Insight

According to Procurement Resource, the price of Polymethyl Methacrylate is estimated to remain bullish throughout the next quarter as the current optimistic trend in its key downstream industries and limited production rates are expected to widen the supply-demand gap of the market.
 

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

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.