Alpha-methylstyrene Market Size & Share, by End-User (Packaging, Automotive, Electronics, Construction, Chemicals, Paints and Coatings); Purity Level (High Purity, Low Purity); Application (ABS Manufacture, Waxes, PARA-CUMYLEPHENOL, Adhesives and Coatings) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5429
  • Published Date: Nov 30, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Alpha-methylstyrene Market size is poised to reach USD 800 Million by the end of 2036, growing at CAGR of 4% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of Alpha-methylstyrene was USD 506 Million. The reason behind the growth is due to the growing production of chemicals across the globe. The main growth drivers for the chemical sector are anticipated to be robust demand across end-user sectors since the manufacture and use of chemicals have a significant role in employment, trade, and economic growth on a global scale. In 2023, it is anticipated that global chemical production apart from medicines will increase by more than 1%.

The growing demand for polymers is believed to fuel the alpha-methylstyrene market growth. Alpha-methylstyrene (AMS) is an organic chemical compound that is colorless and is used to make a range of styrenic polymers that offer a number of advantages to meet the varied needs of the healthcare sector, including special benefits for the design and development of medical devices and parts owing to their versatility.


Alpha Methylstyrene Market
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Alpha-methylstyrene Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~4%

Base Year Market Size (2023)

~ USD 506 Million

Forecast Year Market Size (2036)

~ USD 800 Million

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Alpha-methylstyrene Market: Growth Drivers and Challenges

Market-Growth-Drivers

Growth Drivers

  • Rising Applications in Electronics - Alpha-methylstyrene is utilized to add heat resistance to ABS resins which are often used in electronic appliances mainly to produce plastic power tool housing protectors and face guards for wall outlets as they possess a significant creep resistance that keeps them from deforming even when subjected to heavy mechanical stress.
  • Growing Need for Durable Waxes- Alpha-methylstyrene can be used in waxes that are frequently utilized in polishes, including floor, shoe, and automobile polish to provide a glossy, long-lasting finish and create a barrier of protection.
  • Surging Usage in the Automotive Sector- Alpha-methylstyrene is added to acrylonitrile-butadiene-styrene to create less heavy, more fuel-efficient cars, and also add heat resistance to automotive parts such as dashboard components, seat backs, seat belt components, handles, door latches, pillar trim, and instrument panels.

Challenges

  • Release of Toxic Waste during the Production of Alpha-methylstyrene - It has been established that alpha-methylstyrene when consumed, inhaled, and absorbed by skin may be slightly hazardous therefore, the substance shouldn't be dumped in areas where it could contaminate surface or ground waters, such as drains or water courses. Moreover, inhaled vapors can have narcotic properties, and extended exposure might result in dermatitis, sensitization, redness, edema, and skin cracking. toxic to aquatic life and have long-term consequences. Furthermore, the waste generated harms aquatic life, such as fish, invertebrates, and algae, which may have long-term consequences.
  • Varying Prices of Raw Materials Resulting in the Higher Cost of Production
  • Stringent Environmental Regulations May Limit the Consumption of Alpha-methylstyrene


Alpha-methylstyrene Segmentation

Application (ABS Manufacture, Waxes, PARA-CUMYLEPHENOL, Adhesives and Coatings)

The ABS manufacture segment is estimated to hold 35% share of the global alpha-methylstyrene market by 2036 owing to the growing food & beverage sector. Among the most commonly used engineering thermoplastics is ABS, also known as Acrylonitrile Butadiene Styrene, which is a versatile family of thermoplastic polymers that ensures exceptional chemical resistance, high rigidity, durability, and dimensional stability.

One of the most widely used processes for producing ABS plastic goods is injection molding whereby a polymer is pushed through a mold at extreme pressure after being heated to a completely molten state. Moreover, ABS in injection molding applications has the ability to produce large quantities of goods with extremely efficient technology as a result, it can keep up with the food and beverage (F&B) industry fast speed. A range of products that handle food and beverages before consumption are made via the method of food-grade plastic injection molding that is suitable for food use such as high-density polyethylene (HDPE), a petroleum thermoplastic with a wide range of applications, is a common plastic used in the food business. The global food and drink industry is expected to increase by more than 12% between 2022 and 2027.

Purity Level (High Purity, Low Purity)

Alpha-methylstyrene market from the high purity segment is set to garner a notable share shortly. The global industrial standard for the purity of alpha-methylstyrene is 98.5% is primarily used in the manufacture of specialized polymers and is apt for applications where precise control is essential. Additionally, high purity alpha methyl styrene is often used to create several types of monomers, such as acrylates and benzene which are two substances that are frequently utilized in the materials and chemical engineering disciplines to benefit the economy and industry, and also increase convenience and improve standard of living.

End-User (Packaging, Automotive, Electronics, Construction, Chemicals, Paints and Coatings)

The paints and coatings segment in the alpha-methylstyrene market is poised to gain significant revenue share by the year 2036. Alpha-methylstyrene (AMS), often referred to as 2-phenylpropene or isopropyl benzene, serves as a transitional material in the manufacturing of paints and coatings. Moreover, alpha-methyl styrene is a chemical intermediate formed in a variation of the cumene which smells like gasoline and is generally used in the production of paints, lacquers, and enamels to clean surfaces and parts of grease and debris before painting.

Our in-depth analysis of the global alpha-methylstyrene market includes the following segments:

          End-User

  • Packaging
  •  Automotive
  • Electronics
  • Construction
  • Chemicals
  • Paints and Coatings

          Purity Level

  • High Purity
  • Low Purity

          Application

  • ABS Manufacture
  • Waxes
  • PARA-CUMYLPHENOL
  • Adhesives and Coatings
 

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Alpha-methylstyrene Industry - Regional Synopsis

APAC Market Forecast

Alpha-methylstyrene market in Asia Pacific is predicted to account for the largest share of 45% by 2036 impelled by the presence of the world’s biggest automotive manufacturers. China continues to be the world's leading automotive manufacturing nation in the world by both annual sales and manufacturing output. Besides this, South Korea, which as of 2022 ranked as the fifth-largest producer of passenger automobiles worldwide, has an impressive automobile manufacturing industry with the presence of leading companies such as Hyundai and KIA, which have helped the country become a global powerhouse. All these factors are expected to drive the demand for alpha-methylstyrene in the region. By 2025, it is projected that over 34 million vehicles will be produced in China.

North American Market Statistics

The North America alpha-methylstyrene market is estimated to be the second largest, during the forecast timeframe led by rising personal disposable income that has incentivized people to buy electronic products such as tablets, laptops, and other appliances, which may lead to a higher demand for specialty polymers such as alpha-methylstyrene in the region. For instance, the United States disposable personal income rose by over o.2% in 2023.

Research Nester
Alpha Methylstyrene Market Size
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Companies Dominating the Alpha-methylstyrene Market

top-features-companies
    • SI Group, Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Versalis S.p.A.
    • Titan Company
    • SEQENS SAS
    • Altivia
    • The Plaza Group
    • ROSNEFT
    • Solvay
    • Domo Chemicals
    • Yangzhou Lida Chemical Co., Ltd.
    • Kraton Corporation

In-the-news

In The News

  • SI Group, Inc. announced an investment of over 23% of funds to American and Indian chemical manufacturing facilities to increase the resin's capacity and assist in offering the global customer base the best solutions. The expansions will concentrate on the adhesive and automotive supply chains. The company offers a wide range of compounds, including tackifiers, anti-degradants, and reinforcing resins, and are meant to lessen worldwide bottlenecking for resole capacity.
  • Domo Chemicals a top manufacturer of superior technical materials acquired Solvay’s Performance Polyamides Business to bolster the engineering materials business of DOMO Chemicals, utilize the distinct technological, development, and step toward sustainable growth strategy, and position itself as a leading worldwide service provider in the transportation, electrical and electronic, and consumer goods sectors.

Author Credits:  Smruti Ranjan, Rajrani Baghel


  • Report ID: 5429
  • Published Date: Nov 30, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Growing production of chemicals across the globe and the growing demand for polymers are the major factors driving the growth of the market.

The market size of alpha-methylstyrene is anticipated to attain a CAGR of 4% over the forecast period, i.e., 2024-2036.

The major players in the market are Versalis S.p.A., Titan Company, SEQENS SAS, Altivia, The Plaza Group, ROSNEFT, Solvay, Domo Chemicals, Yangzhou Lida Chemical Co., Ltd., Mitsubishi Chemical Holdings Corporation, Mitsui Chemicals, Inc., and others.

The ABS Manufacture segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Alpha-methylstyrene Market Report Scope
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