The outlook for 2017 in the European polymethyl methacrylate (PMMA) market is looking bright, with players expecting the lighting applications sector to shine next year.
What are the PMMA market expectations?
Continued growth in the European market, at levels above GDP for some applications are expected. Lighting applications are used in the automotive and construction sectors, with growth expected for both in 2017.
What’s affecting PMMA prices?
Competition between PMMA, polycarbonate (PC) and styrene acrylonitrile (SAN) is rife in some applications, and with PMMA prices rising towards the end of 2016, this could result in some buyers assessing their options for the year ahead. 90,000 tonnes of new PMMA capacity is also due to come on stream in the Middle East in the second half of 2017, with the potential to impact on global trade flows.
Read this ICIS market outlook to learn about the key areas of interest for 2017 and the influences on European supply and demand dynamics.