Alpha-methylstyrene (AMS) Market Impact and Opportunities During Coronavirus Lockdown and Forecast Assessment 2021-2027 | Yangzhou Lida Chemicals, Mitsubishi Chemical Corporation

Report Ocean releases its latest report on the global Alpha-methylstyrene (AMS) Market. A combination of information gathered from first-hand sources, qualitative and quantitative assessments of industry analysts, and insights from experts and participants across the value chain is used to calculate the global Alpha-methylstyrene (AMS) Market.

The global Alpha-methylstyrene (AMS) market is growing at a potential growth rate Year-over-Year (YoY) and has reached USD 487 million in 2020. The market is further expected to touch USD 501.2  million by 2027, growing at a CAGR of almost 3.5% during 2021-2027 (forecast period). 

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Growth Drivers 

Raising the rate of construction work in the Asia-Pacific region will drive the market.

The rate of construction in the Asia-Pacific region is increasing rapidly due to urbanization in developing countries, the increasing presence of many automobile & oil and gas giants, the increasing rate of industrialization, and lenient government policies to attract investors. With increasing construction and industrialization, the demand for paints and coatings, waxes, chemical intermediates, and adhesives will go up. This will affect the alpha-methylstyrene (AMS) market positively and will drive the market growth rate.

ABS (Acrylonitrile-butadiene-styrene), with increasing use in various industries across the globe, is expected to contribute majorly to the growth of the AMS market. 

ABS (Acrylonitrile-butadiene-styrene) had the largest share of the AMS-market thanks to its versatile nature, and properties. ABS is used extensively in various industries across the globe. ABS is known as a “bridge polymer” because it has the properties of both commodity thermoplastics and high-performing engineering plastics. There are various processes to manufacture acrylonitrile-butadienestyrene. The emulsion process is the oldest process, which produces the least pure product. The continuous phase reaction process is preferred these days due to less energy consumption, fewer effluent requirements, and products with high color consistency. ABS has found usage in the sports industry, electronics, and computers, household commodities, kitchen equipment, etc. With the increasing demand for products from the abovementioned industries, the demand for ABS is likely to go up, which will drive the growth of the alpha-methylstyrene market. 

The reports include an in-depth analysis of macroeconomic indicators, market trends, and underlying factors, as well as market attractiveness by segment. The reports include a qualitative impact map of different market factors. COVID-19 (Corona Virus) had an impact on the product industry chain based on upstream and downstream markets, on regions and countries, and the future development of the industry.

The reports on the Global Alpha-methylstyrene (AMS) Market provide readers with a better understanding of the market and competitive landscape to support better decision-making. Report contents include an overview of participants, revenue results, sales volume, gross margin, capital investment, and global Alpha-methylstyrene (AMS) Market growth rates.

Researchers gather and validate the market size and demand information with market experts. They also examine the geographical distribution of the Alpha-methylstyrene (AMS) Market. Top manufacturers, distributors, traders, and dealers use these market studies to gain insights into the industry. It will provide an overview of the product, the market, the driving forces, the risks and opportunities, and the research findings.

Impact Analysis of COVID-19

A detailed study of Covid-19 impacts the Alpha-methylstyrene (AMS) Market is provided in the report.

The World Health Organization has declared Covid-19 a global health emergency due to its impact on thousands of people worldwide. The Coronavirus disease, which already affects these groups, had affected Alpha-methylstyrene (AMS) Market segments.

While the death toll continues to climb, the economic damage is already evident, making this the world's worst economic shock in decades.

Chaos can lead to several undesirable outcomes, including restaurant closings, flight cancellations, travel restrictions, indoor event venues losing permits, customer confidence eroding, stock markets fluctuating, and citizens becoming anxious.

The report extensively examines the fundamental aspects of the Global Alpha-methylstyrene (AMS) Market, including its future prospects and competitive landscape. The Porter's Five Forces analysis of the Alpha-methylstyrene (AMS) Market provides insight into the factors influencing its growth. This market study breaks down the Alpha-methylstyrene (AMS) Market into segments, regions, and players in order to present an accurate picture of the current market environment. The study also includes macroeconomic and microeconomic analyses. Several graphs and charts appear in the report effectively.

Regional Overview

An analysis of the Alpha-methylstyrene (AMS) Market at the country level looks at segments classified as potentially high-growth, countries with the largest market share, and countries with the best growth prospects. Among the regional breakdowns in the Alpha-methylstyrene (AMS) Market study are North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), Other countries.

Leading Competitors

The leading prominent competitors in the global Alpha-methylstyrene (AMS) Market are:

Altiva Corp., Cepsa, Mitsui Chemicals Inc, Ineos Phenol, AdvanSix, Rosneft, SI Group Inc, DOMO Chemicals, Kumho P&B Chemicals, Taiwan Prosperity Chemical Corp, Yangzhou Lida Chemicals, Mitsubishi Chemical Corporation, Solvay SA, Rhodia, Versalis SPA, Sunoco Chemicals, Prasol Chemicals Pvt. Ltd, The Plaza Group, Banner Chemicals Ltd, United Petrochemical Company and other prominent players.

Scope of the Report

The global Alpha-methylstyrene (AMS) Market segmentation focuses on …

By Purity

Ø  Above 99.5%

Ø  Between 95-99.5%

By End-Use Industry Outlook

Plastic Manufacturing
Textile Industry
Home Décor
Polish & Dye
Automotive Equipment
Water Treatment
Food Additives
Paper Molding
Adhesives & Coatings
Odorants
Others

By Application Outlook

Acrylonitrile Butadiene Styrene (ABS) Resin
P-Cumylphenol
Acrylic Resins
Waxes
Antioxidants
Plasticizers
Other Polymers

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