Trending 2020 : Alpha-Methylstyrene Market Report Examines Analysis by Latest Trends, Growth Factors, Projected Market Size by 2020 - 2025

Alpha-Methylstyrene Market to grow exponentially at a CAGR of XX % by 2025

According to the latest report by Quince Market Insights, growth in the Alpha-Methyl styrene market is expected to gain considerable traction during the forecast period due to rising demand for consumer goods from emerging economies.

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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. INEOS Group Holding S.A.
2. AdvanSix
3. Rosneft
4. Altivia Corp.
5. SI Group Inc.
6. DOMO Chemicals
7. Kumho P&B Chemicals
8. Taiwan Prosperity Chemical Corp.
9. Yangzhou Lida Chemicals
10. Mitsubishi Chemical Corporation
11. Solvay SA
12. Mitsui Chemicals, Inc

Understanding the chemistry and uses of Alpha Methyl Styrene

Alpha Methyl Styrene is an organic compound, with C6H5C (CH3) CH2 molecular formula. This is also known as benzene with Isopropenyl. A heavy odour characterizes this transparent, colorless organic compound. The compound is obtained by partial oxidation of cumene it is a by-product of the cumene-phenol cycle by which phenol and acetone are synthesized by benzene. The global production ability of alpha methyl styrene is strongly linked to the phenols' capacity for worldwide growth.

Segmentation for better understanding of this market and its growth prospects

During the forecast period, market segment AMS is expected to develop at its maximum in terms of both value and quantity. Alpha-methyl styrene is primarily used in the manufacture of AMS, as it increases the thermal stability and impact resistance of AMS resins. The worldwide growth of the alpha-methyl styrene alpha market is driven by increased demand for AMS resins from various end-use sectors such as automotive and electronic equipment.

The above 99.5 percent segment assay is expected to lead the market in both value and volume in the coming days. Because of variables like many manufacturers of alpha-methyl styrene worldwide, alpha-methyl styrene is manufactured at a purity rate of 98.5 percent and above. Increasing demand for pure alpha-methyl styrene for use as a thermal stabilizer for AMS, as a solvent in the plastics industry, and as a pigment and paint adhesive agent in adhesives & coatings, waxes, and tackifiers is expected to drive assay growth beyond 99.5 per cent market segment.

Strategic Factors Impacting Market Growth:

o Increased demand for alpha-methyl styrene resins and additives from the Asia-Pacific region
o Increasing demand from emerging economies for consumer goods
o Activities ongoing shale oil / tight oil exploration
o Production of hazardous waste during alpha-methyl styrene production

Important Developments to look for:

o In May 2018 INEOS Phenol, a subsidiary of INEOS Group Holdings S.A., established a worldwide Cumene plant in Germany which is expected to be completed by 2020. The unit is to be located in Chemiepark in Marl (Germany) in addition to the British Petroleum refinery and cracker complex in Gelsenkirchen (Germany), so that it can access existing pipeline links between INEOS ' phenol acetone production site in Gladbeck (Germany) and Evonik Chemiepark in Marl (Germany). Establishing this new cumene facility to cater for increased customer demand for phenol and acetone and improve protection of raw material supply to INEOS Phenol and acetone plants in Gladbeck (Germany) and Antwerp (Belgium).
o In January 2019, Mitsui Chemicals, Inc. (Japan) announced its intention to begin production of alpha-methyl styrene by 2020 at its Singapore subsidiary, Mitsui Phenols Singapore Pte. Ltd. Ltd. This production seeks to cater for the increased worldwide alpha-methyl styrene demand due to increased use of ABS resins and petroleum resins in various end-use sectors. The expansion is expected to improve the company's 3-base Japan, Singapore, and China network.

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Regional segmentation and analysis to understand growth patterns

The alpha-methyl styrene market is segmented into North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World based on the region. Current manufacturers of chemicals such as specialty chemicals, bulk chemicals, and so forth are some of the major markets for both North America and Western Europe. The offices of major companies in this market are in North America and Western Europe. This field has undergone a number of changes from end-use industries regarding the manufacture of chemicals and their applications. Preference for bio-based feedstock has been influential in the design of the green alternatives in these areas. In addition, regulatory authorities have implemented strict guidelines on environmental concerns and potential hazards to health due to exposures. This has been more influential in the dynamic Western Europe region. Some of the major economies of these countries include the US, Germany, the United Kingdom, France, Canada, Italy, Spain, etc.

During the forecast period, Asia Pacific and Middle East are expected to experience significant growth in the alpha-methyl styrene industry. For the growth of major applications, this market is for Acrylonitrile Butadiene Styrene (ABS) Resin, Para-Cumylphenol, Adhesives & Coatings, Waxes and Others. Major Asia-Pacific countries include China, South Korea, Japan, India, and Australia and so on. The Middle East includes the UAE, Saudi Arabia, Iran, Israel, Egypt, etc. With operations by major chemical giants in the region, Eastern Europe was controlled mainly by Russia and Turkey. Rest the world that includes South America and Africa has strong alpha-methyl styrene market potential. Little by little, multinational companies have made investments in these regions to expand their presence and explore the potential market.

Market Segmentation:
By Purity:
o Assay Above 99.5%
o Between 95% and 99.5%

By Application:
o Acrylonitrile Butadiene Styrene (ABS) Resin
o Para-Cumylphenol
o Adhesives & Coatings
o Waxes
o Others

By Region:
o North America
o By Country (US, Canada, Mexico)
o By Purity
o By Application

o Western Europe
o By Country (Germany, UK, France, Spain, Rest of Western Europe)
o By Purity
o By Application

o Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Purity
o By Application

o Asia Pacific
o By Country (China, Japan, India, Rest of Asia Pacific)
o By Purity
o By Application

o Middle East
o By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)
o By Purity
o By Application

o Rest of the World
o By Region (South America, Africa)
o By Purity
o By Application

Quince Market Insights
Ajay D. (Knowledge Partner)
Office No- A109,
Pune, Maharashtra 411028
Phone: +91 - 9850603687 / 7972869557
Email: sales@quincemarketinsights.com
Web: www.quincemarketinsights.com

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