Increasing consumption of alpha-methylstyrene for production of automobiles and protective gears is a key factor driving market revenue growth.
Market Size - USD 481.9 Million in 2020, Market Growth - CAGR of 2.5%, Market Trends - Increasing investment and focus of major players to improve manufacturing process and expand production capacity.
The global alpha-methylstyrene market size is expected to reach USD 591.3 Million in 2028, and register a CAGR of 2.5% during the forecast period. Growing adoption of alpha-methylstyrene as an intermediate in chemical sector, and for manufacturing wax, plasticizers, adhesives, coatings etc. are major factors driving market growth.
Increasing consumption of acrylonitrile butadiene styrene resins in the electronic and automotive industries is resulting in use of alpha-methylstyrene to make resins, which is another major factor expected to drive growth of the global alpha-methylstyrene market.
Increasing use of alpha-methylstyrene by industries which are involved in manufacturing durable and heat-resistive products such as consumer goods, which are trending and top selling among consumers, is another key factor boosting growth of the global alpha-methylstyrene market.
While manufacturing alpha-methylstyrene, it releases harmful smoke, which can lead to irritation of throat and nose and possibly affect brain activities. This smoke can also result in cancer in animals, as per new studies. These factors could hamper growth of the global alpha-methylstyrene market to some extent.
Some Key Findings From the Report:
For the purpose of this report, the global alpha-methylstyrene market has been segmented on the basis of the purity, end-use industry, application, and region:
Purity Outlook
End-Use Industry Outlook
Application Outlook
Region Outlook
Reasons to Buy the Report
Market Size - USD 481.9 Million in 2020, Market Growth - CAGR of 2.5%, Market Trends - Increasing investment and focus of major players to improve manufacturing process and expand production capacity.
The global alpha-methylstyrene market size is expected to reach USD 591.3 Million in 2028, and register a CAGR of 2.5% during the forecast period. Growing adoption of alpha-methylstyrene as an intermediate in chemical sector, and for manufacturing wax, plasticizers, adhesives, coatings etc. are major factors driving market growth.
Increasing consumption of acrylonitrile butadiene styrene resins in the electronic and automotive industries is resulting in use of alpha-methylstyrene to make resins, which is another major factor expected to drive growth of the global alpha-methylstyrene market.
Increasing use of alpha-methylstyrene by industries which are involved in manufacturing durable and heat-resistive products such as consumer goods, which are trending and top selling among consumers, is another key factor boosting growth of the global alpha-methylstyrene market.
While manufacturing alpha-methylstyrene, it releases harmful smoke, which can lead to irritation of throat and nose and possibly affect brain activities. This smoke can also result in cancer in animals, as per new studies. These factors could hamper growth of the global alpha-methylstyrene market to some extent.
Some Key Findings From the Report:
- Among the purity segments, the assay above 99% segment accounted for the largest revenue share in 2020. The assay up to 99% segment is expected to register the highest revenue growth rate during the forecast period.
- Among the application segments, the Acrylonitrile Butadiene Styrene (ABS) resin segment accounted for the largest revenue share in 2020. The waxes segment is expected to register a robust revenue CAGR during the forecast period. The P-Cumylphenol segment is expected to follow the waxes segment in terms of revenue growth rate during the forecast period.
- Among the end-use segments, the plastic manufacturing segment accounted for the largest revenue share in 2020. The adhesives and coatings segment accounted for considerably high revenue share in 2020. Adhesives and sticky coating processing need alpha-methylstyrene as a co-monomer reactive diluent. Rapidly growing demand for various types of adhesives and coatings is expected to drive use of alpha-methylstyrene, which is turn is expected to drive revenue growth of this segment.
- The Asia Pacific alpha-methylstyrene market accounted for major revenue share in 2020, and is expected to continue with its dominance over the forecast period. The Asia Pacific market is expected to be followed by Europe market in terms of revenue share contribution in the global market.
- Companies profiled in the market report include 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. The market players have adopted various strategies including mergers, acquisitions, partnerships, and new product developments, among other strategies, to stay ahead of the competition and expand market footprint.
For the purpose of this report, the global alpha-methylstyrene market has been segmented on the basis of the purity, end-use industry, application, and region:
Purity Outlook
- Assay Above 99%
- Assay Up To 99%
End-Use Industry Outlook
- Plastic Manufacturing
- Textile Industry
- Home Décor
- Polish & Dye
- Automotive Equipment
- Water Treatment
- Food Additives
- Paper Molding
- Adhesives & Coatings
- Odorants
- Others
Application Outlook
- Acrylonitrile Butadiene Styrene (ABS) Resin
- P-Cumylphenol
- Acrylic Resins
- Waxes
- Antioxidants
- Plasticizers
- Other Polymers
Region Outlook
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East and Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
Reasons to Buy the Report
- A robust analysis and estimation of the Alpha-Methylstyrene Market with four levels of quality check - in-house database, expert interviews, governmental regulation, and a forecast specifically done through time series analysis
- A holistic competitive landscape of the all the major players in the Alpha-Methylstyrene Market. The report covers their market shares, strategic initiatives, new product launches, R&D expenditure, M&As, Joint ventures, expansionary plans, product wise metric space analysis and key developments
- Go-to-market strategies specifically formulated in line with location analysis which takes into the factors such as government regulations, supplier mapping, supply chain obstacles, and feedback from local vendors
- Most deep dive segmental bifurcation available currently in the market. Our stellar methodology helps us understand the overall gamut of the supply chain and will help you explain the current market dynamics
- Special focus given on vendor landscape, supplier portfolio, customer mapping, production capacity, and yearly capacity utilization
Table of Contents
Chapter 1. Market Synopsis
Chapter 2. Executive Summary
Chapter 4. Alpha-Methylstyrene Market Segmentation & Impact Analysis
Chapter 5. Alpha-Methylstyrene Market By Purity Insights & Trends
Chapter 6. Alpha-Methylstyrene Market By End-Use Market Insights & Trends
Chapter 7. Alpha-Methylstyrene Market By Applications Insights & Trends
Chapter 8. Alpha-Methylstyrene Market Regional Outlook
Chapter 9. Competitive Landscape
Chapter 10. Company Profiles
Companies Mentioned
- 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
- Altivia Corporation.
