The latest report by IMARC Group, titled "Methacrylic Acid Pricing Report 2024: Price Trend, Chart, Industry Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of the Methacrylic Acid Price Trend. This report delves into the price of Methacrylic Acid globally, presenting a detailed analysis, along with an informative price chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the demand, analyzing how it impacts industry dynamics. To aid in strategic planning, the price forecast section provides insights into price forecasts, making this report an invaluable resource for industry stakeholders.
Methacrylic Acid Prices by the End of the Last Quarter:
- United States: 2273 USD/MT
- China: 1863 USD/MT
- Germany: 2019 USD/MT
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The study delves into the factors affecting Methacrylic Acid price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the industry, equipping stakeholders with the latest information on industry fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
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Key Highlights of the Methacrylic Acid Price Trend by the End of The Last Quarter
The methacrylic acid (MAA) prices are primarily driven by strong demand from key end-use industries such as paints, coatings, adhesives, and automotive sectors. These industries rely heavily on MAA for its excellent adhesive properties and durability, making it an essential component in various applications. Seasonal factors also play a significant role in driving demand. For example, during the spring and summer months, the construction and renovation activities increase, boosting the need for MAA-based products. Additionally, supply chain constraints, including planned maintenance shutdowns at key production facilities and unplanned disruptions due to natural calamities, have tightened the market supply. This has been further exacerbated by rising raw material costs, such as acetone and crude oil, which are critical for MAA production. The global economic environment and currency fluctuations, especially in regions like APAC, have also contributed to the volatility in MAA prices. Overall, the combination of strong downstream demand, supply limitations, and rising production costs is driving the methacrylic acid market's growth and contributing to a positive pricing environment.
Factors Influencing Methacrylic Acid Prices in the Different Regions:
North America:
In North America, MAA prices surged in Q2 2024 due to strong demand from the paints, coatings, and automotive sectors, which saw increased production activities during seasonal peaks. The market faced significant supply constraints driven by a tight supply chain and limited availability of finished goods. Rising raw material costs, particularly due to elevated crude oil prices, also played a crucial role in driving up prices. The USA experienced the most pronounced price increases, with favorable weather conditions boosting construction and painting activities, thereby heightening demand. The ongoing supply-demand imbalance throughout the quarter resulted in sustained upward pricing trends in the region.
Europe:
In Europe, MAA prices rose steadily in Q2 2024 due to increased demand from the construction and automotive sectors, driven by seasonal spikes in renovation activities. Supply constraints were a major factor, with disruptions at major production facilities, such as the BASF SE's Ludwigshafen plant shutdown, tightening the market. Additionally, lower-than-usual inventories and a slight reduction in domestic production contributed to the price increases. Rising acetone costs further impacted MAA prices, as this key raw material saw an increase in cost during the quarter. Germany saw the highest price changes, driven by robust demand and constrained supply, reflecting a bullish market sentiment.
APAC:
In the APAC region, MAA prices were influenced by supply constraints and strong demand from downstream industries such as paints, coatings, automotive, and construction. Significant disruptions, like the force majeure at Zhejiang Satellite Petrochemical Co. due to a rainstorm, tightened supply. Rising feedstock costs, especially for acetone, further inflated production expenses, leading to higher MAA prices. Japan experienced the most significant price increases, driven by strong seasonal demand and a weakened yen, which increased import costs. The overall market sentiment remained positive, supported by strong fundamentals and supply disruptions.
MEA:
In the MEA region, MAA prices increased sharply in Q2 2024 due to strong demand from the paints, coatings, adhesives, and sealants industries. Supply constraints, exacerbated by limited international arrivals and logistical disruptions, also pushed prices higher. Rising raw material costs, particularly for acetone and crude oil, further impacted MAA production costs. Saudi Arabia saw the most substantial price movements, driven by increased demand and strategic price adjustments by local manufacturers in response to international market conditions. The overall trend was bullish, reflecting a robust pricing environment due to strong demand and constrained supply.
Overall, Price Trend and Regional Prices Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand.
- Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece.
- North America: United States and Canada.
- Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru.
- Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco.
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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