Global Polymethyl Methacrylate Market 2025

Polymethyl Methacrylate Market Size

In 2022, the global polymethyl methacrylate market increased by 0.5% to $X, rising for the third year in a row after two years of decline. The market value increased at an average annual rate of +3.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the global market reached the peak level at $X in 2017; afterwards, it flattened through to 2022.

Polymethyl Methacrylate Production

In value terms, polymethyl methacrylate production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.6% over the period 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 2016 with an increase of 22%. Over the period under review, global production attained the peak level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Polymethyl Methacrylate Exports

Exports

After three years of growth, shipments abroad of polymethyl methacrylate in primary forms decreased by -5.2% to X tons in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by 7.7% against the previous year. The global exports peaked at X tons in 2021, and then reduced in the following year.

In value terms, polymethyl methacrylate exports dropped to $X in 2022. In general, exports showed a mild curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 22% against the previous year. Over the period under review, the global exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

South Korea (X tons) and Singapore (X tons) were the key exporters of polymethyl methacrylate in primary forms in 2022, amounting to approx. 29% and 21% of total exports, respectively. Japan (X tons) held the next position in the ranking, followed by Taiwan (Chinese) (X tons), the United States (X tons) and China (X tons). All these countries together held near 26% share of total exports. The following exporters - Malaysia (X tons), Thailand (X tons), Saudi Arabia (X tons), Hong Kong SAR (X tons), Indonesia (X tons) and Belgium (X tons) - together made up 17% 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 Saudi Arabia (with a CAGR of +40.3%), while the other global leaders experienced more modest paces of growth.

In value terms, Singapore ($X), South Korea ($X) and Japan ($X) constituted the countries with the highest levels of exports in 2022, together accounting for 60% of global exports. These countries were followed by the United States, Taiwan (Chinese), China, Malaysia, Saudi Arabia, Belgium, Hong Kong SAR, Thailand and Indonesia, which together accounted for a further 31%.

Among the main exporting countries, Saudi Arabia, with a CAGR of +41.8%, recorded the highest growth rate of 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

The average polymethyl methacrylate export price stood at $X per ton in 2022, with an increase of 2% against the previous year. In general, the export price, however, continues to indicate a slight downturn. The most prominent rate of growth was recorded in 2017 when the average export price increased by 16% against the previous year. The global export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+1.9%), while the other global leaders experienced more modest paces of growth.

Polymethyl Methacrylate Imports

Imports

In 2022, global imports of polymethyl methacrylate in primary forms fell to X tons, shrinking by -9.1% compared with the previous year's figure. The total import volume increased at an average annual rate of +1.2% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 14% against the previous year. As a result, imports attained the peak of X tons, and then shrank in the following year.

In value terms, polymethyl methacrylate imports declined modestly to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 30% against the previous year. Global imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) represented the major importer of polymethyl methacrylate in primary forms, constituting 32% of total imports. It was distantly followed by Singapore (X tons) and India (X tons), together making up an 11% share of total imports. Mexico (X tons), Japan (X tons), Taiwan (Chinese) (X tons), Italy (X tons), Malaysia (X tons), Turkey (X tons), Hong Kong SAR (X tons), Poland (X tons), the United States (X tons) and Germany (X tons) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to polymethyl methacrylate imports into China stood at -1.6%. At the same time, Singapore (+38.3%), Japan (+16.2%), India (+8.5%), Turkey (+7.1%), Italy (+6.9%), Mexico (+2.8%), the United States (+1.9%) and Taiwan (Chinese) (+1.9%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing importer imported in the world, with a CAGR of +38.3% from 2012-2022. Germany, Malaysia and Poland experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (-5.2%) illustrated a downward trend over the same period. Singapore (+5.7 p.p.), India (+2.6 p.p.) and Japan (+2.2 p.p.) significantly strengthened its position in terms of the global imports, while Hong Kong SAR and China saw its share reduced by -2.3% and -10.6% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported polymethyl methacrylate in primary forms worldwide, comprising 24% of global imports. The second position in the ranking was held by Singapore ($X), with a 6.5% share of global imports. It was followed by India, with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled -4.2%. In the other countries, the average annual rates were as follows: Singapore (+36.2% per year) and India (+8.9% per year).

Import Prices by Country

The average polymethyl methacrylate import price stood at $X per ton in 2022, with an increase of 5.7% against the previous year. In general, the import price, however, recorded a slight slump. The growth pace was the most rapid in 2021 an increase of 14% against the previous year. Global import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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 ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+1.7%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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