What is Alpha Methyl Styrene?
Alpha Methyl Styrene (AMS) is a type of colourless liquid chemical which is mostly used in polymerisation processes to improve stability, along with heat and impact resistance. It is used in industry to manufacture plasticizers, polymers such as Acrylonitrile Butadiene Styrene, resins, adhesives and more. One of the notable physical properties of AMS include its insoluble nature in water. The AMS has wide scale industrial applications which results in its rising demand, other than that the chemical is also widely explored in the production of personal care products. Geographically, Asia Pacific is expected to emerge as the fastest and largest market of Alpha Methyl Styrene.
The market study is broken down by Type (Above 99.5% and 95% to 99.5%), by Application (Acrylonitrile Butadiene Styrene, Para-cumylphenol, Adhesives and Coatings, Waxes and Others) and major geographies with country level break-up.
Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Rosneft Oil Company (Russia), INEOS Group Holding S.A. (Switzerland), DOMO Chemicals (Belgium), Solvay SA (Belgium), AdvanSix (United States), Altivia Corp. (United States), Kumho P&B Chemicals (South Korea), Mitsubishi Chemical Corporation (Japan), Cepsa (Spain) and Versalis SPA (Italy) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Taiwan Prosperity Chemical Corp. (Taiwan), Yangzhou Lida Chemicals (China) and Prasol Chemicals Pvt. Ltd. (India).
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Alpha Methyl Styrene market by Type, Application and Region.
On the basis of geography, the market of Alpha Methyl Styrene has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Direct will boost the Alpha Methyl Styrene market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
In 2019, Mitsui Chemicals, a Japanese multinational chemical company has announced opening of its alpha-methylstyrene production line in Singapore, which will be produced by its local subsidiary Mitsui Phenols Singapore Pte. Ltd. Mitsui Chemicals aims to produce almost 20,000 metric tons per year in Singapore. This will help it better cater its clients in South East Asia as well as West Asia.
Market Trend
- Acrylonitrile Butadiene Styrene Accounts for Highest Market Growth among Other Segments
Market Drivers
- Growing Demand from Automobile Market because of their Dependence on AMS in Manufacturing of Breaks
- Vast Industrial Applications as Lubricants, Resins, Drying Oils and Others
Opportunities
- Personal Care End Use Industry Presents Huge Opportunity because of Products Applications in Production of Perfumes
Restraints
- High Quantity of Hazardous Waste Created during Production
Challenges
- Considered Toxic if in Human Contact
Key Target Audience
Alpha Methyl Styrene Manufacturers, Suppliers and Distributors, Raw Material Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.