Alpha-methylstyrene Market Trends

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

Alpha-methylstyrene Market Trends

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 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)

Browse Key Market Insights with Data Illustration:


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.
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