Consumer Insights
Uncover trends and behaviors shaping consumer choices today
Procurement Insights
Optimize your sourcing strategy with key market data
Industry Stats
Stay ahead with the latest trends and market analysis.
Base Year
Historical Year
Forecast Year
PMMA prices in Middle Eastern countries, including Saudi Arabia, are expected to continue rising due to several factors, notably production constraints and increased demand from construction, automotive, and machinery manufacturing sectors. Oilfield maintenance in Saudi Arabia, coupled with OPEC+ production cuts, are the primary causes driving up production costs, contributing to higher PMMA prices. Anticipated increases in the Official Selling Prices (OSPs) for Saudi Arabia's Arab Medium and Arab Heavy oil in May will further escalate MMA and PMMA production costs. Additionally, the rapid pace of construction in Saudi Arabia is further expected to fuel considerable demand for PMMA sheets, while industrialization in countries like China and India is expected to boost import demand for PMMA.
In April 2024, the Chinese domestic average price of methyl methacrylate (MMA) saw a significant rise, a 9.5% increase since the Qingming Festival. This surge in MMA prices is driven by tight supply, with only about 19 MMA manufacturers in China and an operational rate of less than 50%. As a result, the downstream polymethylmethacrylate (PMMA) prices have also increased, reaching an average of 1.64% weekly rise. Further, the PMMA market is also experiencing significant gains on account of the rising momentum of the downstream automotive and electronics sector. The market supply remains tight, and the demand is entering its peak season, further driving prices upward. Additionally, China's MMA exports rose by 21.08% in February 2024, indicating growing international demand. The market analysts expect PMMA prices to continue their upward trend in the short term, supported by robust demand and persistent supply constraints in the MMA market. The overall outlook for PMMA remains strong, with prices likely to keep rising due to cost pressures and tight supply.
In 2024, the electronics industry is recovering from the recent supply chain crisis, marked by excess inventory and shrinking order books, especially in Europe, with the U.S. faring slightly better. Despite initial challenges, a demand rebound is expected in the second half of the year, driven by productivity improvements and the increasing role of electronic systems. The automotive industry is further likely to be undergoing a significant transition to electric vehicles (EVs), facing profitability and market share struggles in Europe due to late EV adoption and higher costs. Although China's EV market is booming, but risks overcapacity and geopolitical tensions, while U.S. industrial policies boost EV investments amidst high costs and political uncertainties. As the electronics and automotive industries stabilize and grow, PMMA demand is expected to increase, especially for automotive components and electronic displays, indicating a balanced demand growth in the long term despite short-term price hikes.
Gain a competitive edge with EMR's comprehensive price forecasting reports. Dive deep into the latest market dynamics and price outlook for your specific materials, ensuring you stay ahead of the curve with actionable insights and strategic foresight.
Accurate Data: Our reports are based on reliable data sources including primary interviews, government websites, and industry bodies.
Comprehensive Insights: We offer a holistic view of the market, considering all factors related to demand, supply, macroeconomic environment, and input costs.
Timely Updates: Reports are updated monthly, with options for quarterly or semi-annual subscriptions.
Expert Support: Our team of analysts is available for consultations and customized requirements.
Informed Procurement Decisions: Gain insights on when to buy and how to negotiate better, mitigating the impact of price volatility.
Competitive Advantage: Leverage our robust and time-tested forecasting methodology to stay ahead in the market.
Actionable Insights: Make better market decisions with detailed forecasts and analysis.
Our reports cover a wide range of commodities including chemicals (including speciality chemicals), metals, agricultural ingredients, and energy. Each report focuses on a specific commodity to provide detailed insights.
Our reports are updated monthly to provide the most current data and insights. Users can also subscribe to quarterly or semi-annual updates based on their needs.
We source our data through primary interviews with our supplier and trader network, government websites, industry bodies, and world trade data, ensuring accuracy and reliability.
Yes, we offer custom reports tailored to your specific needs. Please contact our support team for more information.
Our reports provide critical insights that help you anticipate market trends, optimize procurement strategies, and make informed investment decisions. This leads to better negotiation and timing in purchases, thereby reducing the impact of price volatility.
Clients can receive analyst support to answer specific questions related to the reports. Additionally, we offer services like risk management, category intelligence, should-cost models, and trade data analytics as part of our extended suite of offerings.
Pricing Plans
Purchase Full Report
Basic Report - One Time
USD 1499
tax inclusive*
Basic Report - Annual Subscription
USD 3499
tax inclusive*
Detailed Report - One Time
USD 3499
tax inclusive*
Detailed Report - Annual Subscription
USD 4999
tax inclusive*
How To Order
Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124