Press release
Alpha Methyl Styrene Market to represent a significant expansion at 6.1% CAGR by 2026
Alpha Methyl Styrene Market
The Alpha Methyl Styrene (AMS) market is experiencing an upswing in recent years. According to a report by Persistence Market Research, it is estimated that the Alpha Methyl Styrene market will display an impressive compound annual growth rate of 6.1% globally by 2026.
The chemical formula for alpha-methylstyrene (CAS # 98-83-0) is C6H5C(CH3)CH2. Also called isopropenylbenzene. This chemical molecule is clear, colorless, and has a strong odor. This substance is formed by the partial oxidation of cumene and is a by-product of the cumene-phenol process that converts benzene to phenol and acetone.
Alpha-methylstyrene production capacity and total phenol production capacity are very closely linked worldwide. Alpha-methylstyrene is used in many forms in many industries including plastics, adhesives and chemicals. Alpha-methyl styrene is used in the plastics industry to make resins such as ABS or acrylonitrile butadiene styrene.
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When used to make ABS resin, Alpha-methyl styrene imparts a relatively high thermal stability to the resin and therefore a relatively high impact strength compared to that obtained using styrene. Alpha-methylstyrene is also used as a plastic additive. Alpha-methylstyrene is also used in the production of lubricants, perfumes, and plasticizers.
Alpha-Methylstyrene Market: Drivers and Restraints
The global alpha-methylstyrene market is expected to register steady single-digit growth over the forecast period. The increase in alpha-methylstyrene consumption is expected to be primarily driven by growing demand from emerging economies such as China and India.
Alpha-methyl styrene is predominantly used in the manufacture of ABS resins as increasing demand from end-use industries is expected to drive the growth of the global alpha-methyl styrene market during the forecast period.
Additionally, increasing demand from the chemical industry that uses alpha-methylstyrene as an intermediate is expected to propel the growth of the global alpha-methylstyrene market over the forecast period. However, relatively weak economic growth in major markets worldwide during the forecast period is expected to hamper the growth of the global alpha-methylstyrene market over the same period.
Alpha-Methylstyrene Market: Segmentation
Based on application of alpha-methyl styrene, the global alpha-methyl styrene market can be segmented into the following major market segments:
• ABS structure
• Plastic additives
• Glue
• Chemical intermediate
• Other
Among the above application-based segments, the ABS manufacturing segment is expected to account for a prominent share of the total alpha-methylstyrene market size during the forecast period.
Alpha-Methylstyrene Market: Regional Outlook
On the basis of geography, the global alpha-methylstyrene market is segmented into seven major market segments: North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan, and Middle East & Africa. Of these, Asia Pacific accounted for a significant portion of total alpha-methylstyrene consumption worldwide in 2014. The APAC region is expected to witness a steady increase in consumption over the forecast period.
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Alpha-Methylstyrene Market: Key Players
Some of the key players in the global Alpha Methyl Styrene market include:
• Solvay SA (Rhodia)
• Ineos
• United Petrochemical Company
• Honeywell International
• JA group
The research report represents a comprehensive assessment of the market and contains detailed information, facts, historical data as well as statistically supported and industry-validated market data. It also includes projections using appropriate assumptions and methods. The research report provides analysis and information by market segments such as geography and end-use industry.
This report includes a comprehensive analysis of:
• Market segment
• Market dynamics
• Market size
• Supply and demand
• Current Trends/Issues/Challenges
• Competition and related companies
• Value chain
Regional analysis includes:
• North America
• Latin America
• Eastern Europe
• Japan
• Middle East and Africa
This report is a compilation of first-hand information from industry analysts, qualitative and quantitative assessments, and input from industry experts and industry participants across the value chain. The report provides an in-depth analysis of key market trends, macroeconomic indicators and driving factors, and segment-based market attractiveness. The report also maps the qualitative impact of various market factors across market segments and geographies.
Report highlights:
• A detailed overview of the top markets
• Changed market dynamics of the industry.
• Deep market segmentation
• Historical, current and forecast market size in terms of volume and value
• Current industry trends and developments
• Competitive landscape
• Strategies of major players and products provided
• Potential and niche segments, promising areas for growth
• A neutral view of market performance
• Essential information for market participants to maintain and improve their market position
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Related Reports -
Industrial Gases Market: https://www.persistencemarketresearch.com/market-research/industrial-gases-market.asp
Synthetic Sapphire Market: https://www.persistencemarketresearch.com/market-research/synthetic-sapphire-market.asp
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The Chemicals and Materials division of Persistence Market Research offers distinct and pin-point analysis about chemicals and materials industry. Chemical coverage extends from commodity, bulk, specialty and petrochemicals to advanced materials, composites and nanotechnology in particular with special emphasis on 'green alternatives', recycling and renewable technology developments, supply-demand-trade assessment. Our research studies are widely referred by chemical manufacturers, research institutions, channel partners and government bodies for developing - 'The Way Forward'.
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