PMMA Extrusion Price Forecast Report 2024-2025 | Price Trend, Latest Prices, Market Analysis, News, Chart, Demand, Extensive Forecast, Historical and Forecast Data

PMMA Extrusion Price Forecast

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.

Market Dynamics

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.

Annual Outlook for PMMA Extrusion Industry

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.

What Our Reports Include:

Historical Price Data and Analysis:

• In-depth review of prices (including feedstock) over the past 5 years.

• Visualizations and trend analysis to identify historical patterns and seasonality.

Supply and Demand Analysis:

• Detailed analysis of current supply and demand factors shaping the market, along with projections for how these dynamics are expected to evolve during the forecast period.

• Insights from our extensive supplier and trader network, government websites, industry bodies, and global trade data.

Latest Industry News:

• Up-to-date information on recent developments and geopolitical events.

• Analysis of how these events are likely to impact future prices.

Key Macroeconomic Indicators:

• Evaluation of economic indicators such as GDP growth, inflation rates, and PMI.

• Insights into how these indicators affect prices.

Price Outlook:

• Forecasted price trends for the next 2 years using statistical modelling and fundamental & technical analysis.

• Scenario analysis and potential price fluctuations.

Why Choose Our Reports?

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.

Key Benefits:

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.