Global Alpha Methyl Styrene Market 2024

Global Alpha Methyl Styrene Market 2024

Alpha methylstyrene (AMS) is a colorless liquid and an organic chemical widely used to enhance heat resistance in various polymerization processes as a co-monomer. Its applications span across ABS manufacturing, chemical resins, plastics, adhesives, coatings, and more. AMS plays a crucial role in improving heat resistance, impact resistance, and heat stability in ABS manufacturing, particularly in the automotive industry where it finds uses in automotive parts, lighting, assembly, lubricants, and functional fluids. The growing demand for AMS in electrical appliances and ABS manufacturing is propelling market growth, especially in Asian countries where adoption in automotive applications is on the rise, contributing to increased demand for AMS in the region. Key drivers of the market include the rising demand for ABS resins manufacturing and the expanding use of Alpha-methyl Styrene in the electronics segment. However, challenges such as hazardous waste release during AMS production are notable restraints impacting the market.

The global alpha methyl styrene market is expected to increase by 73.2 thousand tons, at a compound annual growth rate (CAGR) of 3.8% from 2024 to 2030, according to the latest edition of the Global Alpha Methyl Styrene Market Report.

This comprehensive industry report provides market estimates and forecasts, accompanied by a detailed examination of the application, end user, and region aspects. It delivers a quantitative analysis of the market, empowering stakeholders to leverage existing market opportunities. Furthermore, the report identifies key segments for potential opportunities and strategies, drawing insights from market trends and the approaches of leading competitors.

The global alpha methyl styrene market has been extensively analyzed by categorizing it according to various sub-segments in order to provide accurate forecasts of industry size and assess trends within specific areas.

The global market for alpha methyl styrene can be segmented by application: ABS resins, adhesives, paint and coatings, para-cumylphenol (PCP), waxes, others. The ABS resins segment was the largest contributor to the global alpha methyl styrene market in 2023, representing more than 39.5% of the total market.

Alpha methyl styrene market is further segmented by end user: automotive, electronics, plastics, tires, others. According to the research, the automotive segment had the largest share in the global alpha methyl styrene market, representing more than 32.4% of the total market.

Based on region, the alpha methyl styrene market is segmented into: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America. Asia-Pacific held the largest share in the global alpha methyl styrene market, accounting for 54.1% of the market in 2023. Moreover, the region is anticipated to grow at the highest CAGR in the coming years.

The report also provides analysis of the key companies of the industry and their detailed company profiles including Advansix Corporation, Altivia Specialty Chemicals, LLC, Chang Chun Petrochemical Co., Ltd., Compañía Española de Petróleos, S.A.U. (Cepsa), Deepak Nitrite Limited, Domo Chemicals GmbH, Eni S.p.A., INEOS Group Holdings S.A., Kraton Corporation, Kumho P&B Chemicals, Inc., Mitsubishi Chemical Corporation, Prasol Chemicals Limited, Rosneft Oil Company, SEQENS SAS, SI Group, Inc., Solvay S.A., Yangzhou Lida Chemical Co., Ltd., among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.

Why Choose This Report

Gain a reliable outlook of the global alpha methyl styrene market forecasts from 2024 to 2030 across scenarios.

Identify growth segments for investment.

Stay ahead of competitors through company profiles and market data.

The market estimate for ease of analysis across scenarios in Excel format.

Strategy consulting and research support for three months.

Print authentication provided for the single-user license.

Market Segments Covered in Global Alpha Methyl Styrene Industry Analysis:

i.) Application

• ABS resins
• Adhesives
• Paint and coatings
• Para-cumylphenol (PCP)
• Waxes
• Others

ii.) End user

• Automotive
• Electronics
• Plastics
• Tires
• Others

iii.) Region

• North America
• Europe
• Asia-Pacific
• MEA (Middle East and Africa)
• Latin America