Market Summary
Alpha-methylstyrene Market Overview
Alpha Methylstyrene Market is projected to be worth USD 496.3 Million by 2030, registering a CAGR of 2.6% during the forecast period (2022 - 2030). and rushing demand for Acrylonitrile Butadiene Styrene (ABS) from the electronic and automotive appliances industries is driving the growth of the market across the world and the growing demand for consumer goods from coming out economics acts as an opportunity for the growth of the global market for alpha-methyl styrene. On the basis of use, the abs segment of the market is shown to grow at the compound annual growth rate (CAGR) during the period of forecast in terms of both, value and volume, and the alpha-methyl styrene is mainly used in the production of ABS as it improves the impact resistance and heat stability of ABS resins. Growing demand for ABS resins from different end-use industries, like electronic and automotive uses is fueling the growth of the ABS section of the alpha-methyl styrene market across the world.
Global Alpha-Methylstyrene Market Share, By Application, 2017 (%)
Source: MRFR Analysis
Regional analysis
The global alpha-methylstyrene market has been studied across five key regions, namely Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa.
North America dominated the global alpha-methylstyrene market in 2017 and is expected to register a significant CAGR in the coming years owing to the increasing use of AMS in the production of wax. The US is expected to be the leading market in the region due to the rising demand for the product in the coatings and adhesives industries. The Asia-Pacific market is expected to exhibit the highest CAGR during the forecast period owing to the growing use of AMS in the plastic and coatings industries. China is expected to be the major contributor to the growth of the regional market followed by Japan, India, and Australia & New Zealand. The European market held a significant market share in 2017 and is estimated to register a strong CAGR during the assessment period due to the growing use of AMS in the production of ABS resin. Germany is expected to be the leading market in the region owing to the presence of major manufacturers, such as Merck KGaA and DOMO Chemicals, followed by France, Spain, the UK, and Italy. The Latin American market held a moderate market share and is projected to exhibit a steady CAGR during the review period owing to the growing demand for the product in the production of adhesives and sealants. Mexico and Brazil are expected to be the major contributors to regional market growth. The Middle East & African market is expected to register a moderate CAGR during the forecast period owing to the increasing use of AMS in the production of plasticizers, used in the construction of skyscrapers. Saudi Arabia, UAE, and Egypt are expected to be the major contributors to the growth of the regional market.
Segmentation Analysis
The global alpha-methylstyrene market has been segmented based on purity, application, and region.
On the basis of purity, the global alpha methyl styrene market has been bifurcated into <99% and >99%.
Based on application, the global alpha-methylstyrene market has been classified into resins, plasticizer, adhesives, waxes, coatings, chemical intermediate, finishing agents, and others. Under the resin segment, the global alpha-methylstyrene market has been further segmented into acrylonitrile-butadiene-styrene (ABS), polyester, and alkyd.
By region, the global alpha-methylstyrene market has been studied for five key regions —Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa.
Alpha-methylstyrene Market Key players
Some of the key players operating in the global alpha-methylstyrene market are Solvay (Belgium), INEOS (UK), Honeywell International Inc. (US), SI Group, Inc. (US), Altivia (US), Mitsubishi Chemical Corporation (Japan), DOMO Chemicals (Germany), Sunoco Chemicals (US), Merck KGaA (Germany), Prasol Chemicals Pvt Ltd (India), The Plaza Group (US), and Banner Chemicals Limited (UK).Recent DevelopmentApril 2023: The acquisition of Mitsui Phenols Singapore Ltd by INEOS Phenol has been completed for USD 330 million. This increased the annual capacity of the company by more than 1 million tons, with alpha-methyl styrene (20 ktpa) inclusive and other products that will facilitate closer support to its customers across Asia.April 2022: Kraton Corporation intends to invest in its alpha methylstyrene facility in Niort, France. By 2023, it is expected that production capacity will increase by 15%.AdvanSix has announced an expansion of its AMS production facility located in the USA during May 2023. This move will see a half-rise in the company’s AMS production volume.Altivia unveiled a new line of AMS products for the adhesives and coatings market sectors in April this year. The materials are said to offer superior performance and durability.AMS production plant at Cepsa Chemicals opened up in Spain in March this year. It is anticipated that the facility will produce about ten thousand metric tons per annum.DOMO Chemicals acquired SI Group’s business unit for AMS back in February this year. By so doing, DOMO Chemicals is expected to hold a substantial position within the global AMS industry.Versalis (Eni) launched another interdisciplinary product line of AMS for the special chemicals sector in early January this year. The products are claimed to have improved performance and can be recycled easily.
Target Audience:
- Benzene and Cumene Manufacturers
- AMS Manufacturers
- Distributors and Suppliers of AMS
- Potential Investors
- Research Institutes
- Government Bodies
Market Size & Forecast
| Report Attribute/Metric | Details |
| Market Size | 2030: USD 478.2 Million |
| CAGR | 4.6%(2022–2030) |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
| Historical Data | 2019 & 2020 |
| Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | By Purity, Application and Region |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors | Solvay (Belgium), INEOS (UK), Honeywell International Inc. (US), SI Group, Inc. (US), Altivia (US), Mitsubishi Chemical Corporation (Japan), DOMO Chemicals (Germany), Sunoco Chemicals (US), Merck KGaA (Germany), Prasol Chemicals Pvt Ltd (India), The Plaza Group (US), and Banner Chemicals Limited (UK). |
| Key Market Opportunities | The growing emphasis of manufacturers on R&D to enhance the manufacturing process of AMS is also likely to offer immense growth opportunities |
| Key Market Drivers | The growing adoption of the product in the manufacturing of ABS resin is expected to be the major factor driving the growth |
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