The global alpha-methylstyrene market size was USD 481.9 Million in 2020 and is expected to reach a value of USD 591.3 Million by 2028, and register a CAGR of 2.50% during the forecast period. Increasing adoption of alpha-methylstyrene for manufacturing protective gears and automobiles is one of the major factors expected to drive market growth. In addition, as per industry analysis, the global alpha methyl styrene market revenue growth is driven by growing demand for alpha-methylstyrene from the chemical industry, where it is used as an intermediate. Moreover, increasing demand for wax, plasticizers, and adhesives and coatings for applications in the automotive sectors is another key factor boosting growth of the global alpha-methylstyrene market. Furthermore, growing adoption of acrylonitrile butadiene styrene resins from automotive and electronics industry is boosting demand for alpha-methylstyrene. Increasing investments and emphasis of major manufacturers to enhance manufacturing process and improve production capacity are factors expected to boost growth of the global alpha-methylstyrene market during the forecast period.
Top Companies Operating in the Global Alpha-Methylstyrene Market:
Mitsubishi Chemical Holdings Corporation, Mitsui Chemicals, Inc., Versalis SPA, Taiwan Prosperity Chemical Corp., INEOS Group Holdings S.A., DOMO Chemicals, Yangzhou Lida Chemical Co. Ltd., AdvanSix Inc., Omskiy Kauchuk, and Altivia Corporation.
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Major Factors Contributing to the Global Materials and Chemicals Market Revenue Growth
Alpha-methylstyrene (AMS) or Isopropenylbenzene is a chemical intermediate and chemical co-product used in manufacturing of various polymers, resins and other chemical compounds. Alpha-methylstyrene is an exemplary element to improve the impact and heat-resistant properties of certain polymers and resins. The acrylonitrile butadiene styrene (ABS), some specialty grades of plastics, rubber and other protective coatings are some of the instances where the AMS is required in the intermediate state of the chemical processing to improve their physical properties. Automotive equipment, plastic accessories, adhesives, and dyes are some of the end-use products of alpha-methylstyrene.
Global alpha-methylstyrene market revenue growth is due to significantly growing demand for alpha-methylstyrene from various end-use industries for making end products. AMS has been one of the essential raw materials for manufacturers to fabricate the chemical compound of various resins, polymers and others due to various benefits of using AMS as chemical co-product. Major manufacturers involved in making highly durable and heat resistive products are biggest buyers of alpha-methylstyrene, and this coupled with growing demand for such high quality products are factors driving growth of the global alpha-methylstyrene market.
Table of Contents:
- Report Overview
1.1 Research Scope
1.2 Key Alpha-Methylstyrene market segments
1.3 Major players
1.4 Market analysis by product type
1.5 Market analysis by application
1.6 Report timeline - Global Growth Trends
2.1 Global Alpha-Methylstyrene market size
2.2 Latest regional market trends
2.3 Emerging growth trends - Competitive Outlook
3.1 Global Alpha-Methylstyrene market key players
3.2 Global Alpha-Methylstyrene size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Alpha-Methylstyrene market
3.5 Mergers, acquisitions, joint ventures, and other strategic alliances
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Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
Alpha-Methylstyrene Market Segmentation
By Purity Outlook:
- Assay Above 99%
- Assay Up To 99%
By End-Use Industry Outlook:
- Plastic Manufacturing
- Textile Industry
- Home Décor
- Polish Dye
- Automotive Equipment
- Water Treatment
- Food Additives
- Paper Molding
- Adhesives Coatings
- Odorants
- Others
By Application Outlook:
- Acrylonitrile Butadiene Styrene (ABS) Resin
- P-Cumylphenol
- Acrylic Resins
- Waxes
- Antioxidants
- Plasticizers
- Other Polymers
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