Industry Background:
Alpha methyl styrene, also known as isopropenyl benzene, is an inorganic compound. It is a colorless liquid that emits a sharp odor. Alpha methyl styrene is used as a co-monomer in numerous polymerization processes in order to improve the heat and impact resistance of products. Alpha methyl styrene is manufactured as a byproduct in the phenol manufacturing process of cumene oxidation. Additionally, it undergoes purification by constant distillation at reduced pressure in order to decrease phenol, cumene, and butyl benzene impurities. Alpha methyl styrene can be easily copolymerized with monomers such as benzene and acrylates. The price of alpha-methyl styrene depends upon the price trends of benzene.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | INEOS Group Holding S.A. (Switzerland), AdvanSix (United States), Rosneft (Russia), Altivia Corp. (United States), SI Group Inc. (United States), Taiwan Prosperity Chemical Corp. (Taiwan), Yangzhou Lida Chemicals (China), Mitsubishi Chemical Corporation (Japan), Solvay SA (Belgium) and Mitsui Chemicals, Inc. (Japan) |
This growth is primarily driven by Increasing Demand for Resins and Additives Using Alpha-Methylstyrene From the Asia Pacific Region and Rising Demand for ABS Resins from the Growing Electronic/Electrical Appliances and Automotive Industries.
Globally, a noticeable market trend is evident Increasing Demand for Alpha-Methylstyrene (AMS) In Plastic, Rubber, and Adhesives Industry The Chemicals sector in the Asia Pacific region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as INEOS Group Holding S.A. (Switzerland), AdvanSix (United States), Rosneft (Russia), Altivia Corp. (United States), SI Group Inc. (United States), Taiwan Prosperity Chemical Corp. (Taiwan), Yangzhou Lida Chemicals (China), Mitsubishi Chemical Corporation (Japan), Solvay SA (Belgium) and Mitsui Chemicals, Inc. (Japan), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Alpha-methylstyrene market is a fragmented market due to the presence of various players. The players are focusing on increasing their manufacturing capacity and are offering competitive prices to gain high market share and establish their position in the market. Further, companies are focusing on developing innovative products and solutions to improve quality. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Key Developments in the Market:
In April 2023, INEOS Phenol acquired Mitsui Phenols Singapore Ltd from Mitsui Chemicals, Japanese chemicals manufacturer, for a total consideration of 330 million USD. This acquisition helped INEOS to expand its presence in Alpha-methylstyrene market
In 2020, Mitsui Chemicals, Inc. has begun the production of alpha-methyl styrene at its Singapore-based subsidiary, Mitsui Phenols Singapore Pte. Ltd. This expansion aims at catering to the increased demand for alpha-methyl styrene across the globe due to the rise in the consumption of ABS resins and petroleum resins in various end-use industries.
Influencing Trend:
Increasing Demand for Alpha-Methylstyrene (AMS) In Plastic, Rubber, and Adhesives Industry
Market Growth Drivers:
Increasing Demand for Resins and Additives Using Alpha-Methylstyrene From the Asia Pacific Region and Rising Demand for ABS Resins from the Growing Electronic/Electrical Appliances and Automotive Industries
Challenges:
Health and Safety Concerns Associated With the Exposure to Alpha-Methylstyrene and Its Derivatives and Volatility in the Prices of Raw Materials
Restraints:
Generation of Hazardous Wastes During the Production of Alpha-Methylstyrene and Lack of Compatibility With Oxidizing Agents
Opportunities:
Increasing Demand for Consumer Goods From Emerging Economies and Ongoing Shale Oil/Tight Oil Exploration Activities
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Alpha-methylstyrene (AMS) Market
- Analysis about New Entrants in Alpha-methylstyrene (AMS) Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Alpha-methylstyrene (AMS) Study Sheds Light on
The Alpha-methylstyrene (AMS) Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Alpha-methylstyrene (AMS) industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Alpha-methylstyrene (AMS) industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.