Alpha-Methylstyrene Market Analysis | 2023-2028

Market Insights

The alpha-methylstyrene market was estimated at USD 508.04 million in 2022 and is likely to grow at a CAGR of 3.09% during 2023-2028 to reach USD 611.64 million in 2028.

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Market Dynamics

Introduction

Alpha-Methylstyrene is a chemical intermediate used in the manufacturing of polymers & resins and plasticizers. It is a colorless liquid that is formed as a co-product in the phenol production process of cumene oxidation.

Alpha-Methylstyrene is used to improve the properties of polymers, rubber, and protective coatings. Major applications served by Alpha-Methylstyrene include ABS resin, Para-Cumylphenol, adhesives & coatings, waxes, and others. Alpha-Methylstyrene is available in different purity grades of which the above 99.5% grade is the most widely used one.

Market Drivers

The growth of the alpha-methylstyrene market is primarily driven by-

• The growing usage of acrylonitrile butadiene styrene (ABS) in electronic appliances.
• The growing usage of ABS in automotive components.

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Key Players

Some of the major suppliers of alpha-methylstyrene are-

• Mitsubishi Chemical Corporation
• INEOS Group Holding S.A.
• DOMO Chemicals
• AdvanSix
• Rosneft
• Kumho P&B Chemicals
• Altivia Corp.
• SI Group Inc.
• Taiwan Prosperity Chemical Corp.
• Yangzhou Lida Chemicals
• Solvay SA
• Mitsui Chemicals, Inc.

Note: The above list does not necessarily include all the top players in the market.

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Segment Analysis

By Application Type

Based on the application type, the market is segmented as ABS resin, Para-Cumyphenol, adhesives & coatings, waxes, and others. The ABS resin application segment held the largest share of the market in 2022 and is expected to remain dominant during the forecast period. The wide use of ABS resin in automotive components and electronic appliances is driving the growth of this segment.

By Purity Type

Based on the purity type, the market is segmented as above 99.5% and between 95% and 99.5%. The above 99.5% segment holds the larger share of the market and is also expected to witness higher growth during the forecast period. Alpha-Methylstyrene with a purity above 99.5% is majorly used in applications, such as ABS resin, the plastic industry, adhesives & coatings, and others.

Regional Insights

In terms of regions, Asia-Pacific is estimated to be the largest as well as the fastest-growing market for alpha-methylstyrene during the forecast period, with China, Japan, India, and South Korea being the major countries with lucrative growth opportunities.

The growth of the market is majorly driven by significant economic development in the regions, the growing disposable income of customers, and a huge consumer base. All these factors are contributing to the increasing demand for automotive and electronic appliances, which in turn, is driving the demand for alpha-methylstyrene in the region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

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Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s alpha-methylstyrene market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept so that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

The alpha-methylstyrene market is segmented into the following categories.

By Application Type

• ABS Resin
• Para-Cumylphenol
• Adhesives & Coatings
• Waxes
• Others

By Purity Type

• Above 99.5%
• Between 95% to 99.5%

By Region

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and the Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the application types by purity type.

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case you need any custom research requirements related to market assessment, competitive benchmarking, sourcing and procurement, target screening, or other requirements, please send your inquiry to sales@stratviewresearch.com.