Methyl Meth Acrylate (MMA) Price In Korea
- USA: 2472 USD/MT
During Q2 2024, the methyl meth acrylate (MMA) prices in USA reached 2472 USD/MT in June.
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) Prices. 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 News, 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:
- USA: 2472 USD/MT
- South Korea: 2123 USD/MT
- Brazil: 2559 USD/MT
Report Offering:
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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
Methyl methacrylate (MMA) is a key organic compound widely used in the production of polymethyl methacrylate (PMMA) and coatings, valued for its strength, transparency, and weather resistance. The global MMA market is experiencing steady growth, largely driven by its rising demand in the automotive, construction, and electronics sectors, where PMMA applications are essential for lightweight and durable components. Advancements in MMA production techniques and a focus on eco-friendly processes are aligning with sustainability goals, further boosting market traction. The MMA market is also benefiting from trends such as the increase in electric vehicle production, which requires high-performance polymers, and the broader shift towards sustainable building materials, where MMA-based products are gaining popularity due to their durability and versatility.
Methyl Meth Acrylate (MMA) Industry Analysis
In Q2 2024, methyl methacrylate (MMA) prices in the U.S. market remained firm due to supply constraints despite lower raw material costs. Increased demand from the polymethyl methacrylate (PMMA) sector, spurred by growth in automotive sales, has bolstered MMA prices. Rohm’s capacity expansion in Connecticut further fueled demand for MMA, meeting global needs. Market participants expect supply challenges from potential weather disruptions, tightening MMA availability.
The second quarter saw a rise in South Korea’s MMA prices due to limited inventories and steady feedstock support. Domestic demand remained stable, with notable export interest amid restocking and supply concerns, prompting a price increase. South Korean exports to major markets grew, but the local inflation rate, though slowing, remains above targets, impacting the broader economic landscape. Production constraints and reduced operating rates led to tight MMA supply.
In Germany, Q2 2024 witnessed rising MMA prices, driven by Rohm’s price adjustments, strong PMMA demand, and improved automotive consumption. Despite lower feedstock prices, limited MMA availability supported domestic prices. Inflation in Germany eased, allowing for consumer optimism and potential interest rate cuts, while rising Asian import costs due to tight vessel capacity and elevated freight rates further influenced European MMA pricing trends.
In Latin America, MMA prices continued to climb, particularly in Brazil, during Q2 2024, although domestic demand, particularly from the automotive and construction sectors, remained muted due to reduced production levels. Inflation rose following severe floods, impacting purchasing power. Asian import delays caused by port congestion further limited supply in the Brazilian market, with expectations of continued tight supply into Q3, keeping MMA prices elevated.
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, 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
- Middle East Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco.
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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