Methyl Meth Acrylate (MMA) Price In Korea
- Korea: 1630 USD/TON
The price of methyl methacrylate (MMA) in Korea for Q1 2024 reached 1630 USD/Ton in March, showing volatility throughout the first quarter.
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:
- Korea: 1630 USD/TON
- Brazil: 2000 USD/TON
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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.
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Methyl Meth Acrylate (MMA) Price Trend- Q4 2023
The growing demand for methyl meth acrylate (MMA) in end-use industries, such as automotive, construction, and electronics, is offering a favorable market outlook. In the automotive sector, methyl methacrylate (MMA) is crucial in manufacturing lightweight and durable components, which are essential for improving fuel efficiency and reducing emissions in vehicles. This industry is particularly influential due to the ongoing shift towards electric vehicles (EVs), which require high-performance materials to meet stringent safety and efficiency standards. Additionally, MMA-based products like acrylic sheets and resins are favored for their superior weather resistance, transparency, and strength in architectural applications, including window panels and skylights. Furthermore, the electronics industry leverages MMA for its excellent optical clarity and scratch resistance, essential in the production of high-quality display screens and light-emitting diode (LED) lights. Technological advancements and innovations in MMA production processes also play a crucial role in supporting the market growth. Companies are adopting sustainable and cost-effective manufacturing techniques to meet the rising demand while adhering to environmental regulations. The development of bio-based MMA, which reduces reliance on fossil fuels, is strengthening the market growth. Moreover, regulatory support for the use of eco-friendly materials and the increasing awareness about the benefits of MMA in reducing carbon footprints are additional factors enhancing market prospects. Apart from this, the rising demand for MMA-based materials in medical devices and implants due to their biocompatibility and clarity is positively influencing the market. This is particularly relevant in the manufacturing of intraocular lenses and bone cement. Furthermore, innovation in product development, such as the creation of specialty MMA grades tailored for specific applications, is contributing to the market growth. Companies are investing in research operations to create MMA derivatives that offer enhanced properties, including improved weatherability and higher thermal resistance, catering to niche market segments. This strategic focus on innovation and customization ensures that the MMA market remains dynamic and responsive to changing industrial needs.
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 Q4 2023, MMA prices in South Korea declined due to weak demand from the polymethyl methacrylate sector, leading to high inventory levels and lower quotations from manufacturers. Rising inflation reduced purchasing power in end-use industries, and despite increased crude imports from the Persian Gulf, sluggish demand persisted, exacerbated by weak exports to China.
In Q4 2023, the price trends of MMA in Brazil experienced a fluctuating situation for several factors. Initially, weak demand from the polymethyl methacrylate sector and economic issues led to a price drop. However, prices rebounded in the latter half of the quarter due to increased demand from the automotive and construction sectors and rising import costs from the US.
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:
- Methyl Meth Acrylate (MMA) Prices
- Methyl Meth Acrylate (MMA) Price Trend
- Methyl Meth Acrylate (MMA) Demand & Supply
- Methyl Meth Acrylate (MMA) Market Analysis
- Demand Supply Analysis by Type
- Demand Supply Analysis by Application
- Demand Supply Analysis of Raw Materials
- Sodium Ascorbate Price Analysis
- Methyl Meth Acrylate (MMA) Industry Drivers, Restraints, and Opportunities
- Methyl Meth Acrylate (MMA) News and Recent developments
- Global Event Analysis
- List of Key Players
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
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Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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