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At a compound annual growth rate (CAGR) of 6.1% between 2023 and 2030, the size of the global alpha-methylstyrene market is expected to rise from USD 65.8 billion in 2022 to USD 101.89 billion by 2030.
ABS resins are highly utilised in the manufacturing of automobiles, electronics, and consumer items due to their high mechanical strength and adaptability. The demand for alpha-methylstyrene is anticipated to increase as these end-use industries grow. Another major application area for alpha-methylstyrene is in adhesives and coatings. The superior adhesive qualities of AMS make it a prized component in many glue recipes. The demand for it is boosted further by the fact that its use in surface coatings improves the performance and longevity of coatings in a variety of applications. Alpha-methylstyrene also plays an important function in the chemical sector. Antioxidants, flame retardants, and other specialised chemicals all use it as a chemical intermediary in their production. The demand for alpha-methylstyrene is directly influenced by the expansion of the chemical industry, which is being propelled by increased industrial activity and developments.
classification system
Most of the alpha-methylstyrene (AMS) sold around the world is classified as "Technical Grade Alpha-Methylstyrene." This is the most widely produced and accessible kind of AMS. It is widely used in the manufacturing of ABS resins, adhesives, coatings, and chemical intermediates, to name a few. Technical Grade Alpha-Methylstyrene's dominance in the market can be attributed in large part to its widespread use across a variety of different sectors. However, "High-Purity Alpha-Methylstyrene" is the most rapidly expanding segment of the worldwide alpha-methylstyrene market. This refined type of AMS is more pure than the technical grade, with fewer impurities. Applications where a high degree of product purity is required include the synthesis of speciality chemicals and pharmaceuticals, where High-Purity Alpha-Methylstyrene is used. This sector's rapid expansion can be attributed to the rising need for precision and high-quality products in a wide range of end-use sectors.
Evaluation Through Use
Most of the alpha-methylstyrene (AMS) sold around the world is classified as "Technical Grade Alpha-Methylstyrene." This is the most widely produced and accessible kind of AMS. It is widely used in the manufacturing of ABS resins, adhesives, coatings, and chemical intermediates, to name a few. Technical Grade Alpha-Methylstyrene's dominance in the market can be attributed in large part to its widespread use across a variety of different sectors. However, "High-Purity Alpha-Methylstyrene" is the most rapidly expanding segment of the worldwide alpha-methylstyrene market. This refined type of AMS is more pure than the technical grade, with fewer impurities. Applications where a high degree of product purity is required include the synthesis of speciality chemicals and pharmaceuticals, where High-Purity Alpha-Methylstyrene is used. This sector's rapid expansion can be attributed to the rising need for precision and high-quality products in a wide range of end-use sectors.
As a result of its rapid industrialization and thriving consumer markets, Asia-Pacific has quickly become a market powerhouse. China, Japan, South Korea, and India are among the top countries in the world for alpha-methylstyrene use. Rapid growth in the region's automotive, construction, and consumer goods sectors has increased the region's need for alpha-methylstyrene, particularly for the manufacture of ABS resins. Asia and the Pacific have the largest share of the global alpha-methylstyrene market due to factors including rising disposable income, urbanisation, and rising consumer goods consumption.
However, the market for alpha-methylstyrene is expanding at a faster rate in the Middle East and Africa than everywhere else in the world. Due to the region's thriving building, manufacturing, and consumer goods markets, alpha-methylstyrene demand has skyrocketed in recent years. In addition, the Middle East and Africa region has been witnessing consistent economic growth, which has resulted in increased expenditures across a wide range of businesses, including the automotive and chemical sectors. Consequently, the region's demand for alpha-methylstyrene is skyrocketing, making it the compound's fastest-growing regional market.
Key Market Developments
Bio-based Substitutes: As consumer demand for environmentally friendly goods rises, so does the pressure on businesses to develop sustainable alternatives. Therefore, there is a growing interest in bio-based Alpha-Methylstyrene made from sustainable resources. These bio-based substitutes are more eco-friendly than conventional AMS since they produce less carbon dioxide. The market's active players are spending in R&D to discover better ways to manufacture and source raw materials sustainably.
Report Coverage
Global Alpha-Methylstyrene research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Alpha-Methylstyrene report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Alpha-Methylstyrene competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Alpha-Methylstyrene market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Alpha-Methylstyrene market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Alpha-Methylstyrene market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
NEOS Styrolution (Germany), AdvanSix Inc. (US), SI Group, Inc. (US), Rosneft (Russia), Altivia Petrochemicals, LLC (US), Taiwan Prosperity Chemical Corporation (Taiwan), Mitsubishi Chemical Corporation (Japan), Mitsubishi Chemical America, Inc. (US), Kumho P&B Chemicals Inc. (South Korea), Sunoco Chemicals (US), DOMO Chemicals GmbH (Germany), Formosa Chemicals & Fibre Corporation (Taiwan), Novapex Co., Ltd. (Japan), Honeywell International Inc. (US), Arakawa Chemical Industries, Ltd. (Japan), Banner Chemicals Group (UK), Deltech Europe Ltd. (UK), Cepsa Química (Spain), Biesterfeld AG (Germany), Versalis S.p.A. (Italy)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Alpha-Methylstyrene market based on the below-mentioned segments:
Global Alpha-Methylstyrene Market, By Type
Technical Grade Alpha-Methylstyrene
High-Purity Alpha-Methylstyrene
Polymerization-Grade Alpha-Methylstyrene
Others
Global Alpha-Methylstyrene market, By Application
Resins and Polymers
Adhesives and Coatings
Chemical Intermediates
Others
Global Alpha-Methylstyrene market, Regional Analysis
ABS resins are highly utilised in the manufacturing of automobiles, electronics, and consumer items due to their high mechanical strength and adaptability. The demand for alpha-methylstyrene is anticipated to increase as these end-use industries grow. Another major application area for alpha-methylstyrene is in adhesives and coatings. The superior adhesive qualities of AMS make it a prized component in many glue recipes. The demand for it is boosted further by the fact that its use in surface coatings improves the performance and longevity of coatings in a variety of applications. Alpha-methylstyrene also plays an important function in the chemical sector. Antioxidants, flame retardants, and other specialised chemicals all use it as a chemical intermediary in their production. The demand for alpha-methylstyrene is directly influenced by the expansion of the chemical industry, which is being propelled by increased industrial activity and developments.
classification system
Most of the alpha-methylstyrene (AMS) sold around the world is classified as "Technical Grade Alpha-Methylstyrene." This is the most widely produced and accessible kind of AMS. It is widely used in the manufacturing of ABS resins, adhesives, coatings, and chemical intermediates, to name a few. Technical Grade Alpha-Methylstyrene's dominance in the market can be attributed in large part to its widespread use across a variety of different sectors. However, "High-Purity Alpha-Methylstyrene" is the most rapidly expanding segment of the worldwide alpha-methylstyrene market. This refined type of AMS is more pure than the technical grade, with fewer impurities. Applications where a high degree of product purity is required include the synthesis of speciality chemicals and pharmaceuticals, where High-Purity Alpha-Methylstyrene is used. This sector's rapid expansion can be attributed to the rising need for precision and high-quality products in a wide range of end-use sectors.
Evaluation Through Use
Most of the alpha-methylstyrene (AMS) sold around the world is classified as "Technical Grade Alpha-Methylstyrene." This is the most widely produced and accessible kind of AMS. It is widely used in the manufacturing of ABS resins, adhesives, coatings, and chemical intermediates, to name a few. Technical Grade Alpha-Methylstyrene's dominance in the market can be attributed in large part to its widespread use across a variety of different sectors. However, "High-Purity Alpha-Methylstyrene" is the most rapidly expanding segment of the worldwide alpha-methylstyrene market. This refined type of AMS is more pure than the technical grade, with fewer impurities. Applications where a high degree of product purity is required include the synthesis of speciality chemicals and pharmaceuticals, where High-Purity Alpha-Methylstyrene is used. This sector's rapid expansion can be attributed to the rising need for precision and high-quality products in a wide range of end-use sectors.
As a result of its rapid industrialization and thriving consumer markets, Asia-Pacific has quickly become a market powerhouse. China, Japan, South Korea, and India are among the top countries in the world for alpha-methylstyrene use. Rapid growth in the region's automotive, construction, and consumer goods sectors has increased the region's need for alpha-methylstyrene, particularly for the manufacture of ABS resins. Asia and the Pacific have the largest share of the global alpha-methylstyrene market due to factors including rising disposable income, urbanisation, and rising consumer goods consumption.
However, the market for alpha-methylstyrene is expanding at a faster rate in the Middle East and Africa than everywhere else in the world. Due to the region's thriving building, manufacturing, and consumer goods markets, alpha-methylstyrene demand has skyrocketed in recent years. In addition, the Middle East and Africa region has been witnessing consistent economic growth, which has resulted in increased expenditures across a wide range of businesses, including the automotive and chemical sectors. Consequently, the region's demand for alpha-methylstyrene is skyrocketing, making it the compound's fastest-growing regional market.
Key Market Developments
Bio-based Substitutes: As consumer demand for environmentally friendly goods rises, so does the pressure on businesses to develop sustainable alternatives. Therefore, there is a growing interest in bio-based Alpha-Methylstyrene made from sustainable resources. These bio-based substitutes are more eco-friendly than conventional AMS since they produce less carbon dioxide. The market's active players are spending in R&D to discover better ways to manufacture and source raw materials sustainably.
Report Coverage
Global Alpha-Methylstyrene research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Alpha-Methylstyrene report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Alpha-Methylstyrene competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Alpha-Methylstyrene market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | NEOS Styrolution (Germany), AdvanSix Inc. (US), SI Group, Inc. (US), Rosneft (Russia), Altivia Petrochemicals, LLC (US), Taiwan Prosperity Chemical Corporation (Taiwan), Mitsubishi Chemical Corporation (Japan), Mitsubishi Chemical America, Inc. (US), Kumho P&B Chemicals Inc. (South Korea), Sunoco Chemicals (US), DOMO Chemicals GmbH (Germany), Formosa Chemicals & Fibre Corporation (Taiwan), Novapex Co., Ltd. (Japan), Honeywell International Inc. (US), Arakawa Chemical Industries, Ltd. (Japan), Banner Chemicals Group (UK), Deltech Europe Ltd. (UK), Cepsa Química (Spain), Biesterfeld AG (Germany), Versalis S.p.A. (Italy) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Alpha-Methylstyrene Market from 2021 to 2030.
- Market Forecast for Alpha-Methylstyrene Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Alpha-Methylstyrene competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Alpha-Methylstyrene
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Alpha-Methylstyrene market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Alpha-Methylstyrene market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
NEOS Styrolution (Germany), AdvanSix Inc. (US), SI Group, Inc. (US), Rosneft (Russia), Altivia Petrochemicals, LLC (US), Taiwan Prosperity Chemical Corporation (Taiwan), Mitsubishi Chemical Corporation (Japan), Mitsubishi Chemical America, Inc. (US), Kumho P&B Chemicals Inc. (South Korea), Sunoco Chemicals (US), DOMO Chemicals GmbH (Germany), Formosa Chemicals & Fibre Corporation (Taiwan), Novapex Co., Ltd. (Japan), Honeywell International Inc. (US), Arakawa Chemical Industries, Ltd. (Japan), Banner Chemicals Group (UK), Deltech Europe Ltd. (UK), Cepsa Química (Spain), Biesterfeld AG (Germany), Versalis S.p.A. (Italy)
Primary Target Market
- Market Players of Alpha-Methylstyrene
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Alpha-Methylstyrene market based on the below-mentioned segments:
Global Alpha-Methylstyrene Market, By Type
Technical Grade Alpha-Methylstyrene
High-Purity Alpha-Methylstyrene
Polymerization-Grade Alpha-Methylstyrene
Others
Global Alpha-Methylstyrene market, By Application
Resins and Polymers
Adhesives and Coatings
Chemical Intermediates
Others
Global Alpha-Methylstyrene market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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