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Asia Pacific Alpha-methylstyrene Market Size, Share & Trends Analysis Report By Purity (>99.5% and 95%-99%), By End-use (Automotive, Electronics, Chemical Manufacturing, Personal Care & Cosmetics and Others), By Country and Growth Forecast, 2024 - 2031

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    Report

  • 131 Pages
  • April 2024
  • Region: Asia Pacific
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5955398
The Asia Pacific Alpha-methylstyrene Market would witness market growth of 3.2% CAGR during the forecast period (2024-2031). In the year 2022, the Asia Pacific market's volume surged to 1,157.4 hundred tonnes, showcasing a growth of 14.7% (2020-2023).

The polymer manufacturing sector stands as a significant consumer of alpha-methylstyrene, utilizing it as a vital monomer in the production of resins such as acrylonitrile-butadiene-styrene (ABS) and styrene-acrylonitrile (SAN). These resins find extensive applications in automotive parts, consumer electronics, and construction materials owing to their exceptional strength, durability, and heat resistance properties. Therefore, the China market will utilize 61.25 hundred tonnes of Alpha-methylstyrene in chemical manufacturing by 2031.



The China market dominated the Asia Pacific Alpha-methylstyrene Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $74,394 Thousands by 2031. The Japan market is registering a CAGR of 3% during (2024 - 2031). Additionally, The India market would experience a CAGR of 3.7% during (2024 - 2031).

Alpha-methylstyrene (AMS) is a pivotal chemical compound within industrial chemicals, offering a versatile array of applications across diverse industries. As a styrene derivative, AMS possesses unique properties that render it indispensable in various manufacturing processes, from producing plastics and resins to specialty chemicals and adhesives. The adoption of alpha-methylstyrene has been steadily increasing, driven by its exceptional chemical properties and versatile applications. Industries spanning plastics, resins, specialty chemicals, adhesives, and beyond have embraced AMS as a fundamental component in their manufacturing processes
Moreover, alpha-methylstyrene has extensive applications across many industries due to its remarkable properties and versatility. In the plastics industry, AMS serves as a key monomer in the production of styrene-based polymers, including acrylonitrile-butadiene-styrene (ABS) resins, styrene-acrylonitrile (SAN) resins, and styrene-butadiene rubber (SBR). These polymers, characterized by their durability, impact resistance, and thermal stability, are widely utilized in automotive parts, electronic devices, consumer goods, and construction materials.

China's chemical sector has been experiencing significant growth, particularly in the production of alpha-methylstyrene (AMS), a key compound used in the manufacturing of various plastics, resins, and specialty chemicals. Hence, the rising chemical sector in Asia Pacific will drive the expansion of the regional alpha-methylstyrene market.

Based on Purity, the market is segmented into >99.5% and 95%-99%. Based on End-use, the market is segmented into Automotive, Electronics, Chemical Manufacturing, Personal Care & Cosmetics and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

List of Key Companies Profiled

  • AdvanSix Inc.
  • Mitsui Chemicals, Inc.
  • Cepsa Química, S.A. (Cepsa)
  • Domo Chemicals GmbH
  • INEOS Group Holdings S.A
  • Kraton Corporation
  • Kumho P&B Chemicals., Inc (Kumho Petrochemical Group)
  • Mitsubishi Chemical Holdings Corporation
  • Prasol Chemicals Ltd
  • Solvay SA

Market Report Segmentation

By Purity (Volume, Hundred Tonnes, USD Million, 2020-2031)
  • >99.5%
  • 95%-99%
By End-use (Volume, Hundred Tonnes, USD Million, 2020-2031)
  • Automotive
  • Electronics
  • Chemical Manufacturing
  • Personal Care & Cosmetics
  • Others
By Country (Volume, Hundred Tonnes, USD Million, 2020-2031)
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Alpha-methylstyrene Market, by Purity
1.4.2 Asia Pacific Alpha-methylstyrene Market, by End-use
1.4.3 Asia Pacific Alpha-methylstyrene Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter’s Five Forces Analysis
Chapter 4. Asia Pacific Alpha-methylstyrene Market by Purity
4.1 Asia Pacific >99.5% Market by Country
4.2 Asia Pacific 95%-99% Market by Country
Chapter 5. Asia Pacific Alpha-methylstyrene Market by End-use
5.1 Asia Pacific Automotive Market by Country
5.2 Asia Pacific Electronics Market by Country
5.3 Asia Pacific Chemical Manufacturing Market by Country
5.4 Asia Pacific Personal Care & Cosmetics Market by Country
5.5 Asia Pacific Others Market by Country
Chapter 6. Asia Pacific Alpha-methylstyrene Market by Country
6.1 China Alpha-methylstyrene Market
6.1.1 China Alpha-methylstyrene Market by Purity
6.1.2 China Alpha-methylstyrene Market by End-use
6.2 Japan Alpha-methylstyrene Market
6.2.1 Japan Alpha-methylstyrene Market by Purity
6.2.2 Japan Alpha-methylstyrene Market by End-use
6.3 India Alpha-methylstyrene Market
6.3.1 India Alpha-methylstyrene Market by Purity
6.3.2 India Alpha-methylstyrene Market by End-use
6.4 South Korea Alpha-methylstyrene Market
6.4.1 South Korea Alpha-methylstyrene Market by Purity
6.4.2 South Korea Alpha-methylstyrene Market by End-use
6.5 Singapore Alpha-methylstyrene Market
6.5.1 Singapore Alpha-methylstyrene Market by Purity
6.5.2 Singapore Alpha-methylstyrene Market by End-use
6.6 Malaysia Alpha-methylstyrene Market
6.6.1 Malaysia Alpha-methylstyrene Market by Purity
6.6.2 Malaysia Alpha-methylstyrene Market by End-use
6.7 Rest of Asia Pacific Alpha-methylstyrene Market
6.7.1 Rest of Asia Pacific Alpha-methylstyrene Market by Purity
6.7.2 Rest of Asia Pacific Alpha-methylstyrene Market by End-use
Chapter 7. Company Profiles
7.1 AdvanSix Inc.
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 SWOT Analysis
7.2 Cepsa Química, S.A. (CEPSA)
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 SWOT Analysis
7.3 Domo Chemicals GmbH
7.3.1 Company Overview
7.3.2 SWOT Analysis
7.4 INEOS Group Holdings S.A.
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Recent strategies and developments:
7.4.4.1 Product Launches and Product Expansions:
7.4.4.2 Acquisition and Mergers:
7.4.5 SWOT Analysis
7.5 Kraton Corporation
7.5.1 Company Overview
7.5.2 Recent strategies and developments:
7.5.2.1 Business Expansions:
7.5.3 SWOT Analysis
7.6 Kumho P&B Chemicals., Inc (Kumho Petrochemical Group)
7.6.1 Company Overview
7.6.2 SWOT Analysis
7.7 Mitsubishi Chemical Holdings Corporation
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental Analysis
7.7.4 Research & Development Expense
7.7.5 SWOT Analysis
7.8 Solvay SA
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Segmental and Regional Analysis
7.8.4 Research & Development Expenses
7.8.5 SWOT Analysis
7.9 Prasol Chemicals Ltd
7.9.1 Company Overview
7.9.2 SWOT Analysis
7.10. Mitsui Chemicals, Inc.
7.10.1 Company Overview
7.10.2 Financial Analysis
7.10.3 Segmental and Regional Analysis
7.10.4 Research & Development Expenses
7.10.5 SWOT Analysis

Companies Mentioned

  • AdvanSix Inc.
  • Mitsui Chemicals, Inc.
  • Cepsa Química, S.A. (Cepsa)
  • Domo Chemicals GmbH
  • INEOS Group Holdings S.A
  • Kraton Corporation
  • Kumho P&B Chemicals., Inc (Kumho Petrochemical Group)
  • Mitsubishi Chemical Holdings Corporation
  • Prasol Chemicals Ltd
  • Solvay SA

Methodology

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