Global Alpha-Methylstyrene Market, By Application (ABS, Para-Cumylphenol, Adhesives and Coatings, Waxes, Others), Purity (Assay above 99.5% and Between 95% to 99.5%), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) - Industry Trends and Forecast to 2023 to 2030.
Alpha-Methylstyrene Market Analysis and Size
The essential factors contributing to the growth of the global alpha-methylstyrene market in the forecast period of 2023 to 2030 include the growing demand for resins and additives utilizing alpha-methylstyrene. Also, increasing demand for acrylonitrile butadiene styrene (ABS) resins in electronic or automotive industries is significantly contributing to the market’s growth.
Data Bridge Market Research analyses that the global alpha-methylstyrene market, which was USD 362.39 million in 2022, is expected to reach USD 571.16 million by 2030, growing at a CAGR of 6.90% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Alpha-Methylstyrene Market Scope and Segmentation
Report Metric |
Details |
Forecast Period |
2023 to 2030 |
Base Year |
2022 |
Historic Years |
2021 (Customizable to 2015-2020) |
Quantitative Units |
Revenue in USD Million, Volumes in Million Square Meters, Pricing in USD |
Segments Covered |
Application (ABS, Para-Cumylphenol, Adhesives and Coatings, Waxes, Others), Purity (Assay above 99.5% and Between 95% to 99.5%) |
Countries Covered |
U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa |
Market Players Covered |
SI Group, Inc. (U.S.), KUMHO PETROCHEMICAL (South Korea), AdvanSix (U.S.), Versalis S.p.A. (Italy), Titan Company (India), INEOS (U.K.), Mitsubishi Chemical Holdings Corporation (Japan), Mitsui Chemicals, Inc. (Japan), SEQENS SAS (France), Altivia. (U.S.), The Plaza Group (U.S.), ROSNEFT (Russia), Solvay (Belgium), TPC. (U.S.), Domo Chemicals (Belgium), Cepsa (Spain), Yangzhou Lida Chemical Co., Ltd. (China), Prasol Chemicals Pvt. Ltd. (India), Honeywell International Inc. (U.S.), Sunmarks, LLC. (U.S.), Merck KGaA (Germany), Banner Chemicals Limited (U.K.), Westlake Chemical Corporation. (U.S.), Dun & Bradstreet, Inc. (U.S.), among others |
Market Opportunities |
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Market Definition
Alpha-methylstyrene, also identified as isopropenyl benzene, is an inorganic compound and insoluble colorless liquid with an aromatic odor. Alpha methyl styrene is found as a by-product in the manufacturing of the cumene-phenol procedure. To get the high purity Alpha methyl styrene, it experiences purification by nonstop distillation at reduced pressure to remove phenol, cumene, and other impurities.
Global Alpha-Methylstyrene Market Dynamics
Drivers
- Growing demand for resins and additives utilizing alpha-methylstyrene
The growing demand for resins and additives utilizing alpha-methylstyrene (AMS) can be a driver in the alpha-methylstyrene market due to its unique properties and performance characteristics. AMS offers enhanced thermal stability and other beneficial features, making it a preferred choice for various industries. As the demand for high-quality resins and additives increases, so does the demand for alpha-methylstyrene, contributing to market growth.
- Increasing demand for acrylonitrile butadiene styrene (ABS) resins in electronic or automotive industries
Alpha-methylstyrene (AMS) is a key raw material in the production of ABS resins, which are widely used in the manufacturing of electronic components and automotive parts. As the demand for ABS resins grows in these industries, the demand for AMS as a feedstock increases, thereby driving the alpha-methylstyrene market.
Opportunities
- The growing need for consumer goods from the developing markets
The growing need for consumer goods from developing markets presents an opportunity in the alpha-methylstyrene (AMS) market. As these markets experience economic growth and rising disposable incomes, an increased demand for appliances, electronics, and household goods increases. AMS produces various consumer goods, including plastics, resins, and adhesives. The expanding consumer base in developing markets creates a favorable environment for the growth of the alpha-methylstyrene market.
Restraints/Challenges
- Production of harmful wastes throughout the manufacturing of alpha-methylstyrene
On the other hand, the manufacturing process of AMS involves the use of certain chemicals and generates waste by products that may pose environmental and health risks. Stringent regulations and increasing environmental concerns may limit the growth of the AMS market as manufacturers need to invest in sustainable practices and waste management solutions to mitigate these challenges.
This alpha-methylstyrene market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global alpha-methylstyrene market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you make an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Developments
- In March 2021, Honeywell announced that South-Korea based Lotte Chemical will use Honeywell UOP Q-Max, Evonik MSHP, and Phenol 3G technologies for the production of 565000 metric tonnes per annum of acetone and phenol. In this project, Honeywell will provide a phenol unit and a cumene unit with alpha-methylstyrene hydrogenation.
- In Jan 2019, Mitsui Chemicals, Inc. announced its aim to begin the production of alpha-methylstyrene by 2020 at its Singapore-based subsidiary, Mitsui Phenols Singapore Pte. Ltd. This development aims at catering to the increased demand for alpha-methylstyrene across the world owing to an increase in the consumption of ABS resins and petroleum resins in various end-use industries.
Global Alpha-Methylstyrene Market Scope
The global alpha-methylstyrene market is segmented on the basis of purity and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Application
- ABS
- Para-Cumylphenol
- Adhesives and Coatings
- Waxes
- Others
Purity
- Assay above 99.5%
- Between 95% to 99.5%
Global Alpha-Methylstyrene Market Regional Analysis/Insights
The global alpha-methylstyrene market is analyzed, and market size insights and trends are provided by country, application, and purity, as referenced above.
The countries covered in the global alpha-methylstyrene market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa.
Germany is expected to dominate the global alpha-methylstyrene market due to its enhanced thermal stability and other beneficial features, making it a preferred choice for various industries. As the demand for high-quality resins and additives is increasing majorly due to usage in the automotive sector, the demand for alpha-methylstyrene is also growing.
Asia-Pacific is expected to grow during the forecast period of 2023 to 2030 because it is a key raw material in the production of ABS resins, which are widely used in the manufacturing of electronic components and automotive parts. Additionally, the demand for ABS resins is growing due to the construction industry.
The country section of the report also provides individual market impacting factors and changes in regulations in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Alpha-Methylstyrene Market Share Analysis
The alpha-methylstyrene market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points are only related to the companies focus on the global alpha-methylstyrene market.
Some of the major players operating in the global alpha-methylstyrene market are:
- SI Group, Inc. (U.S.)
- KUMHO PETROCHEMICAL (South Korea)
- AdvanSix (U.S.)
- Versalis S.p.A. (Italy)
- Titan Company (India)
- INEOS (U.K.)
- Mitsubishi Chemical Holdings Corporation (Japan)
- Mitsui Chemicals, Inc. (Japan)
- SEQENS SAS (France)
- Altivia. (U.S.)
- The Plaza Group (U.S.)
- ROSNEFT (Russia)
- Solvay (Belgium)
- TPC. (U.S.)
- Domo Chemicals (Belgium)
- Cepsa (Spain)
- Yangzhou Lida Chemical Co., Ltd. (China)
- Prasol Chemicals Pvt. Ltd. (India)
- Honeywell International Inc. (U.S.)
- Sunmarks, LLC. (U.S.)
- Merck KGaA (Germany)
- Banner Chemicals Limited (U.K.)
- Westlake Chemical Corporation. (U.S.)
- Dun & Bradstreet, Inc. (U.S.)
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