Home Latest News & Insights EUROPEAN PMMA MARKET FACES DOWNTURN AMID IMPORT COMPETITION

EUROPEAN PMMA MARKET FACES DOWNTURN AMID IMPORT COMPETITION

September 28, 2023
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European pmma market faces downturn amid import competition. In September, the European polymethyl methacrylate (PMMA) market experienced a consistent decline in prices across all segments due to competition from cost-effective imports.

Despite a brief uptick in demand, attributed more to post-summer activity than genuine recovery, various sectors report significant downturns.

According to analysis by GC Intelligence, forecasts predict continued market challenges, with hopes for a rebound now shifting to 2025 due to potential economic headwinds including inflation and rising energy costs.

While the market remains well-supplied, the declining European prices are impacting import volumes, though MMA spot prices remain competitive.