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Global Alpha Methyl-Styrene Market Size, Share, Forecast: By Application: Para-cumylphenol, Chemical Intermediate, Acrylonitrile Butadiene Styrene (ABS Resin), Others; By End Use: Chemical, Paintings and Coatings, Automotive, Electronics, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
Global Alpha Methyl-Styrene Market Outlook
The global alpha methyl-styrene market size reached approximately USD 488.28 million in 2023. The market is estimated to grow at a CAGR of 3.2% in the forecast period of 2024-2032, reaching a value of around USD 648.94 million by 2032.
Key Trends in the Market
Alpha methyl-styrene (AMS) is an organic compound that has a molecular formula of C9H10 and is colourless and combustible in nature. It is an intermediate chemical that is formed during the production of acetone and phenol and finds major applications in adhesives, resins, and coatings, among others.
- Growing demand for AMS in the manufacturing of recyclable plastics such as acrylonitrile polybutadiene styrene (ABS) thermoplastic to provide them with rigidity and durability is one of the crucial alpha methyl-styrene market trends. These plastics find major applications in the automotive sector as a replacement for metal parts such as dashboard components, door handles, and seat backs, among others, due to their lightweight nature.
- Increased incorporation of AMS into ABS plastic coating and paints due to its excellent thermal and chemical properties such as optimal temperature and low toxicity is another prominent trend in the market.
- AMS is also widely utilised in the production of para-cumylphenol (PCP) as an intermediate, which finds widespread uses in surfactants and phenolic resins and further contributes to the alpha methyl-styrene market growth.
- Strategic initiatives such as increased investment by several market players to boost the production capacity of AMS manufacturing plants are also prominent trends supporting the market growth.
Market Analysis
Based on application, the market is divided into para-cumylphenol, chemical intermediate, and acrylonitrile butadiene styrene (ABS resin), among others. The alpha methyl-styrene market segmentation, on the basis of end use, includes chemical, paintings and coatings, automotive, and electronics, among others. The major regional markets of alpha methyl-styrene include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the alpha methyl-styrene market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Mitsubishi Chemical Corporation
- INEOS Group
- Solvay SA
- Kumho Petrochemical Co. Ltd.
- Versalis Spa
- Cepsa Quimica S.A
- Altivia Corporation
- Domo Chemicals GmbH
- Others
Market Share by End Use
The automotive sector occupies a sizeable portion of the alpha methyl-styrene market share, due to the growing implementation of AMS as an intermediate in the production of ABS plastic resins. These resins are utilised as a lightweight alternative to metals in the manufacture of automotive parts and components.
The surge in the production of electric vehicles is also expected to boost the market growth in the forecast period, owing to the increased usage of lightweight materials such as ABS in their assembly.
Market Share by Region
As per the alpha methyl-styrene market analysis, the Asia Pacific accounts for a substantial share of the global market, owing to the surge in the manufacture of plastics in the region. AMS is one of the crucial intermediatory elements used in the production of ABS thermoplastics, which offers ample opportunities to the market.
The growing presence of chemical providers in the region also offers easy access to the AMS compound, boosting its utilisation in various end-use sectors such as automotive, electronics, and manufacturing.
Competitive Landscape
Mitsubishi Chemical Corporation, established in 2005, is a provider of material and functional products. The company, based in Tokyo, Japan, incorporates sustainable practices to ensure that its chemicals and other products are environmentally safe.
INEOS Group is a multinational chemical company, founded in 1998 with its headquarters in London, England. The company is a major producer of products such as polyethylene, ethanol, PVC, and polypropylene, among others.
Solvay SA, incorporated in 1863, is an advanced material and speciality chemicals company, headquartered in Brussels, Belgium. The company offers its products and solutions in the aerospace, automotive, consumer goods, electronics, and healthcare sectors, among others.
Other alpha methyl-styrene market players include Kumho Petrochemical Co. Ltd., Versalis Spa, Cepsa Quimica S.A, Altivia Corporation, and Domo Chemicals GmbH, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Application |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Alpha Methyl-Styrene Market Analysis
8.1 Key Industry Highlights
8.2 Global Alpha Methyl-Styrene Historical Market (2018-2023)
8.3 Global Alpha Methyl-Styrene Market Forecast (2024-2032)
8.4 Global Alpha Methyl-Styrene Market by Application
8.4.1 Para-cumylphenol
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Chemical Intermediate
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Acrylonitrile Butadiene Styrene (ABS Resin)
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Others
8.5 Global Alpha Methyl-Styrene Market by End Use
8.5.1 Chemical
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Paintings and Coatings
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Automotive
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Electronics
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Others
8.6 Global Alpha Methyl-Styrene Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Alpha Methyl-Styrene Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Alpha Methyl-Styrene Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Alpha Methyl-Styrene Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Alpha Methyl-Styrene Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Alpha Methyl-Styrene Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Mitsubishi Chemical Corporation
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 INEOS Group
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Solvay SA
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Kumho Petrochemical Co. Ltd.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Versalis Spa
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Cepsa Quimica S.A
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Altivia Corporation
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Domo Chemicals GmbH
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Alpha Methyl-Styrene Market: Key Industry Highlights, 2018 and 2032
2. Global Alpha Methyl-Styrene Historical Market: Breakup by Application (USD Million), 2018-2023
3. Global Alpha Methyl-Styrene Market Forecast: Breakup by Application (USD Million), 2024-2032
4. Global Alpha Methyl-Styrene Historical Market: Breakup by End Use (USD Million), 2018-2023
5. Global Alpha Methyl-Styrene Market Forecast: Breakup by End Use (USD Million), 2024-2032
6. Global Alpha Methyl-Styrene Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Alpha Methyl-Styrene Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Alpha Methyl-Styrene Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Alpha Methyl-Styrene Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Alpha Methyl-Styrene Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Alpha Methyl-Styrene Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Alpha Methyl-Styrene Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Alpha Methyl-Styrene Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Alpha Methyl-Styrene Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Alpha Methyl-Styrene Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Alpha Methyl-Styrene Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Alpha Methyl-Styrene Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Global Alpha Methyl-Styrene Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 488.28 million.
The market is projected to grow at a CAGR of 3.2% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032, reaching a value of around USD 648.94 million by 2032.
The major market drivers are the surge in demand for electronic goods and the growing usage of AMS in the automotive and manufacturing sectors.
The key trends of the market include growing demand for AMS in the manufacture of recyclable thermoplastic ABS, increased incorporation of AMS into ABS plastic coating and paints, and the increased usage of the product in the production of PCP.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Various applications are para-cumylphenol, chemical intermediate, and acrylonitrile butadiene styrene (ABS resin), among others.
The key players in the market are Mitsubishi Chemical Corporation, INEOS Group, Solvay SA, Kumho Petrochemical Co. Ltd., Versalis Spa, Cepsa Quimica S.A, Altivia Corporation, and Domo Chemicals GmbH, among others.
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