Methyl methacrylate Prices, markets & analysis
For those looking to keep abreast of the global Methyl methacrylate market, our independent, unbiased pricing information, news and market analysis is an invaluable resource.
Whether you buy or sell Methyl methacrylate or related products, you need to know about the prices and the factors driving the prices in the global Methyl methacrylate market as they happen. Our network of price reporters throughout Asia, Europe and the US provide key local insights. We collate this intelligence into daily and weekly price reports, ensuring you have the up-to-date information you need at all times.
Methyl methacrylate overview Transcript
Methyl methacrylate also known as MMA is a versatile chemical with applications in many industries from autoelectronics to the automotive sector. MMA can be used to produce polymethyl methacrylate or PMMA, and acrylate resins for coatings and emulsions. Asia currently dominates the world’s MMA production, this region also represents the fastest growing market for MMA.
Use in new electronic applications such as liquid crystal display televisions backlit by light emitting diodes (LED) has significantly expanded and is expected to be a major growth driver for the MMA market in the next couple of years.
Since global supplies are short several producers are expanding capacities and adding new plants. The Asian market largely trades on a spot basis but some bulk cargoes are sold on a spot-related contract formula. MMA prices are driven by supply and demand and feedstock prices like butane, methanol, acrylonitrile and acetone.
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Methyl methacrylate news and market information products from ICIS
We offer the following regional Methyl methacrylate analysis and news coverage to keep you informed of factors and developments affecting prices in the Methyl methacrylate marketplace.
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Methyl methacrylate: Market overview
Methyl Methacrylate (MMA) prices are likely to face upward pressure as high raw material costs continue to push major producers to practise firm price discipline to recoup eroded margins.
In Asia, prices in January were mostly kept stable as buyers were resistant towards price increments given that no significant improvements in demand were observed in downstream sectors such as cast sheet, paint and polymethyl methacrylate (PMMA). However, as supply in the region continues to tighten because of upcoming shutdowns after January, price gains are likely to be expected in the first quarter as producers continue to try hike prices.
MMA demand in the first quarter in Europe is expected to firm month-on-month. while supply has the potential to tighten. These factors, coupled with higher feedstock costs, are putting upward price pressure on the sector.
In US, MMA contract prices are being pressured upward in January on raw materials such as acetone, with stronger demand anticipated in the second quarter when the spring paint and coatings season gets under way and stronger growth from the housing sector, barring the storms and inclement weather that weakened demand and pricing for most of 2013.
Updated to mid-Jan 2014
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Methyl Methacrylate Methodology
About Methyl methacrylate
Methyl methacrylate (MMA) is a colourless, volatile, flammable liquid with an ester-like odour. It is slightly soluble in water but soluble in most organic solvents. It is readily polymerised by light, heat, ionising radiation and catalysts. Commercial products may contain hydroquinone methyl ether or similar polymerisation inhibitors.
Nearly all MMA is polymerised to make homopolymers and copolymers, the largest application being the casting, moulding or extrusion of polymethyl methacrylate (PMMA) or modified polymers.
A major application of MMA polymers and copolymers is in surface coatings and impregnation resins to give colour fastness and weather-resistance properties to latex paints, lacquer resins and stoving enamels. For example, exterior latex paint is based on emulsions containing MMA while other uses include industrial finishes, and metal and foil coatings.