Methyl Methacrylate Acid Price Trend Analysis, Historical Chart and Forecast
Author : Amanda Williams | Published On : 25 Dec 2023
In the Asia Pacific region, the price trend of methyl methacrylate initially rose in the first quarter due to post-holiday market activities and increased buyer interest. However, as the quarter progressed, rising production in China and weak demand led to a decline. In the second quarter, prices increased due to high demand, but oversupply and declining downstream activities caused a negative impact. In Europe, Q1 saw a positive trend from consumption and demand, while Q2 declined due to inflation and interest rates. North America experienced a steady rise from demand and supply but faced a decline in Q2 due to oversupply and reduced procurement.
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Definition
Methyl methacrylate is a colorless liquid compound used in the production of various polymers and plastics. It possesses a pungent odor and is highly flammable. Methyl methacrylate's key properties include good weather resistance, optical clarity, and the ability to polymerize quickly. It is commonly used in the manufacture of acrylic plastics, coatings, adhesives, and dental products due to its excellent transparency, impact resistance, and UV stability.
Key Details About the Methyl Methacrylate Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Methyl Methacrylate in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Methyl Methacrylate Price Trends, including India Methyl Methacrylate price, USA Methyl Methacrylate price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Methyl Methacrylate Price Trend:
Methyl methacrylate (MMA) finds widespread industrial applications due to its versatile properties. It serves as a crucial monomer in the production of polymethyl methacrylate (PMMA), commonly known as acrylic plastic. PMMA is used for various applications like optical lenses, automotive components, signage, and display cases due to its exceptional transparency and impact resistance. MMA-based polymers also find use in coatings, adhesives, and sealants for their durability and weather resistance. Dental materials, including denture bases and orthodontic devices, utilize MMA for its biocompatibility and ease of processing. Additionally, MMA contributes to the synthesis of specialty chemicals, such as resins and additives, in various industries.
Key Players:
- Arkema
- Sumitomo Chemical Company
- Dhalop Chemicals
- Kuraray Group
- Saudi Methacrylates Company
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