Alpha-methylstyrene Market Regional Analysis:
APAC Market Insights
Alpha-methylstyrene market in Asia Pacific is predicted to account for the largest share of 45% by 2035 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 Insights
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.
