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  • Alpha-Methylstyrene Market Growth Analysis | 2023-2028

    Alpha-Methylstyrene Market Growth Analysis | 2023-2028

    Alpha-Methylstyrene Market Growth Analysis | 2023-2028
    Report code - SRAM342 Delivery - 2 Weeks
    Alpha-Methylstyrene Market Size, Share, Trends, Forecast, & Growth Analysis - 2023-202 See more...

    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.

    Alpha-Methylstyrene-Market-Insights

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    What is alpha-methylstyrene?

    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.

    Alpha-Methylstyrene Market Highlights

    Market Size in 2022

    USD 508.04 million

    Market Size in 2028

    USD 611.64 million

    Market Growth (2023-2028)

    3.09% CAGR

    Base Year of Study

    2022

    Trend Period

    2017-2021

    Forecast Period

    2023-2028

    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.

    Market Dynamics

    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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    Segments' 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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    Market Segmentation

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

    The 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)

    Alpha-Methylstyrene-Market-Segmentation

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    Research Methodology

    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 10 detailed primary interviews with the market players across the value chain in all four regions and with 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 such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Alpha-Methylstyrene Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market segment analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirement?

    10% free customization

    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 of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    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.

    The alpha-methylstyrene market was estimated at USD 508.04 million in 2022.

    The alpha-methylstyrene market is likely to reach USD 611.64 million in 2028.

    The alpha-methylstyrene market is expected to witness an impressive growth of 3.09% CAGR in the foreseeable future.

    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, and Mitsui Chemicals, Inc are among the key players in the market.

    Asia-Pacific is expected to remain the largest market for alpha-methylstyrene in the next five years.

    The prime factor driving the growth of the market is majorly the growing usage of acrylonitrile butadiene styrene (ABS) in automotive components and electronic appliances, which is driving the market, globally.

    The above 99.5% segment is expected to witness higher growth in the market in the coming years.

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