According to the prediction of Mitsubishi Synthetic Co. in Japan, because of the rapid growth of the global MMA (methyl methacrylate) demand and supply growth is not synchronized, it can be expected that in 2014 the situation of production falls short will appear and the supply gap will reach 200,000 tons.
It is reported that a joint venture between Mitsubishi Synthetic Co. and Saudi Basic Industries Corporation (SABIC) in the Middle East that plans to produce MMA 250,000 tons per year will be put into operation in late 2014 or early 2015, by then the tight global supply situation will be relieved. However, as the global economy resumes growth, demand for MMA will further expand, the possible resurgence of the tight supply situation may appear in 2 to 3 years. From 2018 to 2020, global MMA supply growth will continue to lag behind demand growth.
It is understood that the in 2011 global MMA supply and demand were in the basic balance, the demand was about 3.3 million tons, of which the Asian demand was 1.8 million to 1.85 million tons, China accounted for 400,000 tons.
In recent years Asia MMA demand growth was significantly higher than the region’s economic growth, demand and economic growth in Europe and North America were essentially flat. Methyl methacrylate is mainly used in the production of poly (methyl methacrylate) (PMMA), as well as paint, the electronics industry accounted for about 40% of the PMMA aggregate demand. The rapid development of the electronics market will further promote the the PMMA surge in demand for, In addition, the automotive industry, solar industry is also pushing the PMMA growth in demand.