Alpha Methyl Styrene Market Trends, Industry Analysis Report, Regional Outlook, 2017 - 2024

Alpha Methyl Styrene Market size shall witness a healthy growth in forecast period with application in adhesives, resins, and chemical intermediates. These are extensively used for production of acrylonitrile butadiene styrene (ABS) resins. ABS market is growing at a CAGR of around 4.5% owing to its application in automotive and protective equipment that has increased product usage. Further, its production output will increase with processes like involvement of dehydrogenation in FSU. These factors are expected to propel alpha methyl styrene market.

Alpha methyl styrene (AMS) or isopropyl benzene is colourless liquid having sharp odour and used as co monomer in various polymerisation processes to improve impact and heat resistance of products. These are produced as by product in phenol production process of cumene oxidation. It undergoes purification by continuous distillation at reduced pressure to decrease cumene, phenol and butyl benzene impurities. To enhance cost efficiency of the process, companies like UOP and Kellogg recycle it by hydrogenation. It can easily be copolymerized with monomers like acrylates and benzene. Its pricing depends on benzene price trends.

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Major restraint for alpha methyl styrene market is its incompatibility with strong oxidising agents such as mercury, copper and alkaline pesticides. It can cause some health issues like irritation in eyes, skin and throat. These can lead to environmental pollution as on burning it releases toxic gases and vapours like carbon monoxide that increases greenhouse gases. Further it is highly flammable and vapours form explosive mixture with air.

Based on application, alpha methyl styrene market is segmented into ABS manufacturing, plastic additive, adhesives, plasticizers, chemical intermediate and others. These are primarily used for production of ABS resins to impart heat distortion property. ABS has major share and accounts for around one third of its demand. It finds application in diverse products like lubricating oils, drying oils, antioxidants and perfumes.

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North America led by the U.S. has significant share in global alpha methyl styrene market with its use in waxes. The region is second largest producer of wax and is growing at a CAGR of around 4.5%, and is expected to increase the product penetration.

Europe has substantial share with its application for producing ABS. ABS industry is growing at a CAGR above 6% owing to its usage in automobile segment. Stringent government regulation for reducing automobile weight is major factor for its growth.

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Regionally, Global Market Insights, Inc.’s alpha methyl styrene market research has the most in-depth, country focused estimates and forecasts for decision makers across the globe. An exhaustive list of company profiles for organizations active in the alpha methyl styrene market supports the regional analysis and information offering a competitive outlook on the industry. For each segment analyzed in this research, whether it is by product, application, material or end-use, a regional overview with historical data and alpha methyl styrene market forecast is provided to the reader. Such a cross-segmentation research analysis is also unique to reports by Global Market Insights, Inc.

Prominent players of alpha methyl styrene market are Ineos, Honeywell, Cespa, SANORS, Novapex, United Petrochemical Company, Mitsubishi Chemical, Taiwan Prosperity Company, Axiall, Solway, Rhodia and DOMO Chemicals to name a few. Companies are adopting merger and acquisition strategy to enhance their share. Ineos has acquired 50% share of BASF in Styrolutin and increased its production of alpha methyl styrene by constructing new plant at Altamira, Mexico.

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