As of July 2024, MMA prices are fluctuating, reflecting a 1% increase from the previous month. The Asia-Pacific (APAC) region is the largest market for methyl methacrylate, with China emerging as the leading exporter in this sector. Following the Asia-Pacific region, North America is emerging as a significant market for methyl methacrylate.
In Q1, 2024, the MMA market in North America saw a change of 2% in price trends. Whereas the MMA market in Asia saw a substantial rise in prices, with an increase of 11%.
However, in Q2,2024 the MMA market in North America experienced the percent change of 9% in the price trend. Whereas 2024 the MMA market in Asia saw a substantial rise in prices, with an increase of 15%.
InQ3, 2024, the combination of a robust automotive sector, a thriving electronics industry, and ongoing construction projects, along with increased emphasis on sustainability, positions the Asia Pacific region as a key player in the global MMA market. This growth is likely to continue as these industries expand further.
In Q4, 2024, the price trend for Methyl Methacrylate (MMA) will be shaped by variations in both production levels and demand. These fluctuations will play a key role in determining how MMA prices move during this period.