PMMA supply remained lengthened during Q3, with no supply-side issues observed across the European market. Arkema, one of the top three producers of the resins in Europe and North America, reported a sharp rise in its quarter-on-quarter financials buoyed by improved PMMA sales with an inclining automotive demand. However, the demand for PMMA protective screens, which hit unprecedented highs in Q2 was seen easing in Q3 with substantial recovery observed in other end-uses (such as construction and automotive). September contract prices settled at an increase after maintaining stagnancy due to firming MMA.
ChemAnalyst addresses the key problematic areas and risks associated with chemical and petrochemical business globally and enables the decision-maker to make smart choices. It identifies and analyses factors such as geopolitical risks, environmental risks, raw material availability, supply chain functionality, disruption in technology and so on. It targets market volatility and ensures clients navigate through challenges and pitfalls in an efficient and agile manner. Timeliness and accuracy of data has been the core competency of ChemAnalyst, benefitting domestic as well as global industry in tuning in to the real-time data points to execute multi-billion-dollar projects globally.
Company-wise installed capacity, production volume and plant operating efficiency is captured directly from manufacturers. Import and Export volume is captured from government sources and demand for Acrylonitrile is calculated considering the production, import, export and inventory-levels on the country and regional level markets.
Acrylonitrile price is correlated with the price trend of crude oil, demand-supply gap, Propylene and with movement across the downstream derivatives such as acrylonitrile-butadiene-styrene (ABS), styrene-acrylonitrile (SAN) etc.
Basic details and information on financial performance of leading global players in the Acrylonitrile market is presented in a visually captivating manner. Expansion plans and the company’s strategy is also captured to understand the vision and mission of the company to help understand the areas where companies need to focus more.
Daily updates on industry-specific and product-specific news, exclusive primary-based news capturing plant shutdowns/outages/closures, capacity expansions, operating rates, insights on demand-supply situation, awarding of technology licenses, new product launch and deals specifying mergers and acquisitions, strategic investments and disinvestments, to help players capitalize on market opportunity.
Finally, region-specific markets for Polymethyl methacrylate (PMMA) are analyzed and region-wise demand pattern is tracked.
Polymethyl methacrylate (PMMA) is an acrylic polymer available as a white powder or clear plastic sheet. It is chemically stable and non-hazardous but reacts vigorously with strong oxidizing agents. PMMA is a tough, highly transparent material known for its excellent resistance to ultraviolet radiation, gamma rays and weathering. It is an economical alternative to Polycarbonate (PC) where extreme toughness is not required. It can be easily colored, molded, and formed into various shapes. These properties make it ideal for many applications including airplane windshields, skylights, car headlamps and taillights, and outdoor signs. More than half of the PMMA produced globally is used for making sheets produced by extrusion or casting, while the rest is molded into various shapes. Another major consumer of PMMA resin is the construction sector wherein it finds usage in pool, architectural fittings and lighting applications. Other uses include optical media (DVDs, lenses), electronics, mobile phone displays, packaging, toys, etc. PMMA is generally produced from the homogeneous or heterogeneous polymerization reaction of Methyl methacrylate (MMA) in the presence of organic peroxides followed by several commercial processes. Continuous and batch solution processes can be also be used for the production of PMMA resins with varying molecular weights.