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 forecastperiod
New York, NY -- (SBWIRE) -- 04/29/2021 -- Increasing demand for alpha-methylstyrene by assay above 99% coupled with high investment in R&D of alpha-methylstyrene are fueling the market growth.
Market Size – USD 481.9 Million in 2020, Market Growth - CAGR of 2.50%, Market Trends – Increase in demand for alpha-methylstyrene in the acrylonitrile butadiene styrene (ABS) Resin.
The global Alpha-Methylstyrene Market is forecast to reach USD 591.3 Million by 2028, according to a new report by Reports and Data. Alpha-methylstyrene (AMS) is an intermediate co-monomer used in a range of polymerization processes to improve impact and heat resistance of the polymers, plasticizers, resins and others. AMS competes with styrene for its better characteristics and over which it is more stable and easier for the handling process. The demand for the Alpha-Methylstyrene are propelling owing to the increasing demand of the acrylonitrile butadiene styrene (ABS) thermoplastic polymer. ABS possesses the highest market in terms of revenue for AMS market with more than 26% of the overall market share in 2018. P-Cumylphenol, plasticizers, and waxes also add to the market growth substantially.
Asia Pacific region, being the global manufacturing hub for the plastic-based products and having the highest customer base of the consumer goods and appliance, is forecast to generate the highest revenue of USD 211.4 Million in the year 2026.
Key participants 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.
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Further key findings from the report suggest
- Acrylonitrile butadiene styrene (ABS) resin had a market share of 26.1% in the year 2018. The growing trend of using the ABS plastics in various end-use applications due to its highly recyclable and non-toxic properties, are actively helping the AMS market grow apace in the forecast period. The CAGR is calculated to be 3.2% during the period 2021 - 2028.
- Plasticizers are essential to enable improved compound processing characteristics, as well as providing the flexibility in the end-use products. The alpha-methylstyrene is the salient co-product for the manufacturing process of the plasticizers. The plasticizers segment is growing at a CAGR of 2.8% during the forecast period and would reach a market share of 15.3% by 2026.
- Automotive components such as cavity seals, gaskets, gears, bears, and batteries are some of the end-use products which add to the revenue of the alpha-methylstyrene market. The impressive growing number of the automobiles especially in the developing countries are the high driving factors of the market. Automotive equipment segment will possess a market share of 13.8% by 2026.
- Plastic manufacturing industries are the highest contributor of the market having a market share of 16.1% in 2018. Highly growing plastic products market has a high demand for the AMS and will be growing with a rate of 3.7% throughout the forecast period.
- North America is accounted to achieve a significant market share of 22.7% by 2026, with a CAGR of 2.3% in the forecast period.
- Europe had the second highest market share of about 27.3% in 2018 and would grow at a CAGR of 2.6% during the period 2019 – 2026.
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/alpha-methylstyrene-market
For the purpose of this report, Reports and Data have segmented the global alpha-methylstyrene market on the basis of the purity, end-use Market, applications, and region:
Purity Outlook (Revenue, USD Million; 2018-2028)
Assay Above 99%
Assay Up To 99%
End-Use Market Outlook (Revenue, USD Million; 2018-2028)
Plastic Manufacturing
Textile Industry
Home Décor
Polish & Dye
Automotive Equipment
Water Treatment
Food Additives
Paper Molding
Adhesives & Coatings
Odorants
Others
Applications Outlook (Revenue, USD Million; 2018-2028)
Acrylonitrile Butadiene Styrene (ABS) Resin
P-Cumylphenol
Acrylic Resins
Waxes
Antioxidants
Plasticizers
Other Polymers
Regional Outlook (Revenue, USD Million; 2018-2028)
North America
Europe
Asia Pacific
MEA
Latin America
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Table of Content:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2020 – 2028
Chapter 3. Indicative Metrics
Chapter 4. Alpha-Methylstyrene Market Segmentation & Impact Analysis
4.1. Alpha-Methylstyrene Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Growing demand for the acrylonitrile butadiene styrene (ABS) resins
4.2.2.2. Extensive growth in the speciality chemicals sector
4.2.2.3. High demand for the alpha-methylstyrene in the consumer goods and appliances
4.2.3. Market restraints analysis
4.2.3.1. Manufacturing process includes emission of the toxic wastes
4.2.3.2. Fluctuations in the prices of the raw materials
4.3. Technological Insights
4.4. Regulatory Framework
4.5. ETOP Analysis
4.6. Porter's Five Forces Analysis
4.7. Competitive Metric Space Analysis
4.8. Price trend Analysis
…..
Chapter 9. Competitive Landscape
9.1. Market Revenue Share By Manufacturers
9.2. Manufacturing Cost Breakdown Analysis
9.3. Mergers & Acquisitions
9.4. Market positioning
9.5. Strategy Benchmarking
9.6. Vendor Landscape
Chapter 10. Company Profiles
10.1. Mitsubishi Chemical Holdings Corporation
10.1.1. Company Overview
10.1.2. Financial Performance
10.1.3. Technology Insights
10.1.4. Strategic Initiatives
10.2. Mitsui Chemicals, Inc.
10.2.1. Company Overview
10.2.2. Financial Performance
10.2.3. Technology Insights
10.2.4. Strategic Initiatives
10.3. Versalis SPA
10.3.1. Company Overview
10.3.2. Financial Performance
10.3.3. Technology Insights
10.3.4. Strategic Initiatives
10.4. Taiwan Prosperity Chemical Corp.
10.4.1. Company Overview
10.4.2. Financial Performance
10.4.3. Technology Insights
10.4.4. Strategic Initiatives
10.5. INEOS Group Holdings S.A.
10.5.1. Company Overview
10.5.2. Financial Performance
10.5.3. Technology Insights
10.5.4. Strategic Initiatives
Continue….
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