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Polymethyl Methacrylate (PMMA) Market Prices, Forecasts, and Analysis

Market Update

May 2022

Demand remained overall subdued in May, most likely because of inflationary pressures slowing down consumer spending on some goods and supply chain issues decreasing production downstream.

As consumers across Europe face higher energy and food bills amid much uncertainty over the war, players are beginning to attribute the lower demand to an ease in consumer spending.

However, there are other factors that may explain this weakness. For example, with demand having increased during the pandemic as people stayed at home, a switch back to spending on services is bound to reduce consumption of some goods.

Meanwhile, the automotive industry remained weak because of the ongoing shortages of raw materials. This was creating a backlog of orders that could result in a spike in demand at some point in the future. But for now, it is hard to envisage that the auto industry will return to normal amid an ongoing war and lockdowns in China.

Moreover, with inflation increasing and threatening economic growth, the second half of the year is shaping up to be a challenging period for all players as a seasonal surge in demand could cause another major spike in energy prices during the winter.

∗The market update is an exerpt fromt the monthly report.

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The GC Intelligence™ Polymethyl Methacrylate (PMMA) Market Prices, Forecasts, and Analysis report is published during the third week of the month. The report provides market insights and analysis and tracks High Impact, Injection Moulding, and Extrusion PMMA prices.

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