Global Methacrylic Acid Market 2025

Methacrylic Acid Market Size

In 2022, the global methacrylic acid market increased by 2.3% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption showed a relatively flat trend pattern. Global consumption peaked in 2022 and is likely to see steady growth in years to come.

Methacrylic Acid Production

In value terms, methacrylic acid production amounted to $X in 2022 estimated in export price. Overall, production recorded a mild setback. The pace of growth was the most pronounced in 2017 when the production volume increased by 25%. Over the period under review, global production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Methacrylic Acid Exports

Exports

In 2022, after two years of growth, there was significant decline in overseas shipments of methacrylic acid and its salts, when their volume decreased by -22.2% to X tons. The total export volume increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 35% against the previous year. As a result, the exports attained the peak of X tons, and then plummeted in the following year.

In value terms, methacrylic acid exports shrank markedly to $X in 2022. Over the period under review, total exports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +43.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 95% against the previous year. As a result, the exports reached the peak of $X, and then contracted rapidly in the following year.

Exports by Country

In 2022, South Korea (X tons), Germany (X tons), China (X tons), Thailand (X tons), the United States (X tons) and the Netherlands (X tons) was the major exporter of methacrylic acid and its salts in the world, making up 90% of total export. Japan (X tons) held a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Thailand (with a CAGR of +266.0%), while the other global leaders experienced more modest paces of growth.

In value terms, the largest methacrylic acid supplying countries worldwide were South Korea ($X), Germany ($X) and China ($X), together accounting for 62% of global exports. Thailand, the United States, the Netherlands and Japan lagged somewhat behind, together comprising a further 31%.

Among the main exporting countries, Thailand, with a CAGR of +264.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average methacrylic acid export price amounted to $X per ton, which is down by -5.4% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 45% against the previous year. The global export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+1.2%), while the other global leaders experienced a decline in the export price figures.

Methacrylic Acid Imports

Imports

In 2022, supplies from abroad of methacrylic acid and its salts decreased by -14.3% to X tons for the first time since 2015, thus ending a six-year rising trend. The total import volume increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 17% against the previous year. As a result, imports attained the peak of X tons, and then shrank in the following year.

In value terms, methacrylic acid imports dropped to $X in 2022. In general, total imports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +49.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 76%. As a result, imports attained the peak of $X, and then dropped in the following year.

Imports by Country

In 2022, France (X tons), followed by Malaysia (X tons), India (X tons), the United States (X tons), China (X tons), the Netherlands (X tons) and Taiwan (Chinese) (X tons) were the major importers of methacrylic acid and its salts, together generating 63% of total imports. Italy (X tons), Canada (X tons), the UK (X tons), Brazil (X tons), Japan (X tons) and Germany (X tons) took a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the Netherlands (with a CAGR of +30.7%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, France ($X), the United States ($X) and India ($X) were the countries with the highest levels of imports in 2022, together comprising 36% of global imports. Malaysia, the Netherlands, China, Italy, Taiwan (Chinese), Germany, the UK, Brazil, Japan and Canada lagged somewhat behind, together comprising a further 44%.

In terms of the main importing countries, the Netherlands, with a CAGR of +27.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average methacrylic acid import price amounted to $X per ton, remaining constant against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 49% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+3.3%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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