Global Alpha-Methylstyrene Market, By Purity (Assay Above 99.5%, Between 95% and 99.5%), By Applicat

Published Date: | Report Code : CH1958473

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The Alpha-Methylstyrene Market growth is expected to gain high momentum during the forecast period due to Increasing demand from emerging economies for consumer goods.

Alpha Methyl Styrene is a molecular formula C6H5C (CH3) CH2 organic compound. It is also known as benzene isopropenyl. A strong odor characterizes this transparent colorless organic compound. The chemical is acquired by partial cumene oxidation, it is a by-product of the method of cumene-phenol in which benzene synthesizes phenol and acetone. The worldwide production capability of alpha methyl styrene is strongly linked to the worldwide production ability of phenols.

Segment Analysis

Market segment AMS is expected to develop at the highest in terms of both value and quantity during the forecast era. Alpha-methylstyrene is mainly used in AMS manufacturing as it enhances AMS resins ' thermal stability and impact resistance. Increased demand for AMS resins from different end-use sectors such as automotive and electronic equipment is driving the development of the alpha-methylstyrene alpha segment worldwide.

The assay above segment of 99.5 % is expected to lead the market both in terms of value and volume in the coming days. Because of variables like many alpha-methylstyrene producers around the world, alpha-methylstyrene is produced with a purity rate of 98.5% and above. The increasing demand for pure alpha-methylstyrene for use as a thermal stabilizer for AMS, as a solvent in the plastics sector, and as a pigment and paint adhesive agent in adhesives & coatings, waxes, and tackifier is anticipated to drive assay development above 99.5% market segment.

Key Factors Impacting Market Growth:

  • Increased demand for alpha-methylstyrene resins and additives from the Asia-Pacific region

  • Increasing demand from emerging economies for consumer goods

  • Activities ongoing shale oil / tight oil exploration

  • Production of hazardous waste during alpha-methylstyrene production

Key Developments:

  • INEOS Phenol, a subsidiary of INEOS Group Holdings S.A., constructed a worldwide Cumene unit in Germany in May 2018, which is anticipated to be finished by 2020. In addition to the British Petroleum refinery and cracker complex in Gelsenkirchen (Germany), the unit is to be located in Chemiepark in Marl (Germany) so that it can access existing pipeline connections between INEOS ' phenol acetone production site in Gladbeck (Germany) and Evonik Chemiepark in Marl (Germany). Establishment of this new cumene facility to cater for enhanced client demand for phenol and acetone and improve safety of supply of raw materials to INEOS Phenol and acetone plants in Gladbeck (Germany) and Antwerp (Belgium).

  • In January 2019, Mitsui Chemicals, Inc. (Japan) announced in its Singapore subsidiary, Mitsui Phenols Singapore Pte, its intention to start manufacturing of alpha-methylstyrene by 2020. Ltd. This development seeks to cater for the enhanced worldwide demand for alpha-methylstyrene due to enhanced consumption of ABS resins and petroleum resins in different end-use sectors. It is anticipated that the extension will improve the company's 3-base network of Japan, Singapore, and China.

Regional Analysis

On the basis of the region, the alpha-methylstyrene market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World. North America and Western Europe being some of major markets are also traditional suppliers of chemicals such as specialty chemicals, bulk chemicals, and so on. Major companies in this market are headquartered in North America and Western Europe. This region has been witnessing number of transitions in terms of productions of chemicals and respective applications by end-use industries. The preference towards bio-based feedstock has been instrumental in the development of the green alternatives in these regions. Moreover, regulatory authorities have imposed strict guidelines with regards environmental concerns and potential health hazards due to exposures. This has been more instrumental in the Western Europe region competitively. Some of the major economies in these regions include US, Germany, UK, France, Canada, Italy, Spain, and so on.

Asia Pacific and Middle East are expected to register substantial growth in alpha-methylstyrene market during the forecast period. This demand is with regards to the growth of major applications are Acrylonitrile Butadiene Styrene (ABS) Resin, Para-Cumylphenol, Adhesives & Coatings, Waxes, Others. Major countries in Asia Pacific region include China, South Korea, Japan, India, Australia, and So on. Middle East includes UAE, Saudi Arabia, Iran, Israel, Egypt, and so on. Eastern Europe has been largely dominated by Russia and Turkey with operations of major chemical giants in the region. Rest the World that includes South America and Africa has a strong potential for alpha-methylstyrene market. There has been increasing number of investments by global companies in these regions to strengthen their presence and tap the potential market. Major economies in these regions for alpha-methylstyrene market include Brazil, South Africa, Nigeria, Argentina, Colombia, and others.

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

Market Segmentation:

By Purity:

  • Assay Above 99.5%

  • Between 95% and 99.5%

By Application:

  • Acrylonitrile Butadiene Styrene (ABS) Resin

  • Para-Cumylphenol

  • Adhesives & Coatings

  • Waxes

  • Others

By Region:

  • North America

    • By Country (US, Canada, Mexico)

    • By Purity

    • By Application

  • Western Europe

    • By Country (Germany, UK, France, Spain, Rest of Western Europe)

    • By Purity

    • By Application

  • Eastern Europe

    • By Country (Russia, Turkey, Rest of Eastern Europe)

    • By Purity

    • By Application

  • Asia Pacific

    • By Country (China, Japan, India, Rest of Asia Pacific)

    • By Purity

    • By Application

  • Middle East

    • By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)

    • By Purity

    • By Application

  • Rest of the World

    • By Region (South America, Africa)

    • By Purity

    • By Application

Reasons To Buy This Report:

  • Market size estimation of the global alpha-methylstyrene market on a regional and global basis

  • Unique research design for market size estimation and forecast

  • Profiling of major companies operating in the market with key developments

  • Broad scope to cover all the possible segments helping every stakeholder in the market

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We provide customization of the study to meet specific requirements:

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