Alpha-Methyl Styrene Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029

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Alpha-Methyl Styrene Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029

Status : May, 2021 | Chemical & Materials

Report Digest

Alpha-Methylstyrene Market: Introduction

Alpha-Methylstyrene is an intermediate that has wide range of applications in the manufacturing of plasticizers, polymers, and resins. Alpha-Methylstyrene is known for its ability to enhance the property of styrene-based polymers. Market players are looking forward to produce styrene-based products using alpha- Methylstyrene due to its properties such as heat resistance over styrene. Moreover, alpha-methyl styrene gains the upper hand over styrene on handling and stability of the products. Significant changes in the production process of alpha-Methyl styrene is observed as a recent trend that is propelling the demand side of the supply chain. Increasing usage of alpha-methylstyrene due to its competitive properties is expected to increase the demand from various sectors such as electronics and automotive. In 2019, McDermott International, Inc. was awarded a contract of providing technology to Formosa for the effective production of alpha-Methyl styrene and MC Dermott promised to recover alpha-Methyl styrene with unmatched purity. Therefore such initiatives related to technology undertaken by key players tend to increase the competitiveness amongst key players, which in turn is expected to propel the application of alpha-methyl styrene. Increasing usage of alpha-methylstyrene in resins is expected to augment at a much faster rate due to its wide usage and range of applications.

Increasing Use of Styrene Based Products in Automotive Industry is expected to Spur Alpha-Methylstyrene Market

Increasing use of ABS, SBR and SAN in automotive and electronic sectors is pushing the usage of alpha-methyl styrene in styrene based products. One-third of demand of the alpha-methyl styrene comes from ABS followed by SBR and SAN. According to Department of Economic and Social Affairs (United Nations) around 79145 thousand units of tires in 2016 was produced in China, which is 3% higher than the preceding year production. Global SBR production is around 8.0 Million tonnes in 2019 and expected to grow at 6.0% CAGR in 2019-2029 forecast period. This suggests that there is an increasing demand of styrene based products and China is key emerging player in the domain of resins and polymers. Rapid growth of automobile industry is increasing the demand of alpha-methylstyrene from the end use industry. Increase in demand of durable waxes and heat resistant adhesives is expected to expand the alpha-methylstyrene market.

Segmentation analysis of alpha-Methylstyrene Market

The alpha-Methyl styrene market is bifurcated into four major segments: Purity, application, end use and region.

On the basis of purity, the global alpha-Methylstyrene market is divided into:

  • Below 95%
  • Above 95%

On the basis of application, the global alpha-Methylstyrene market is divided into:

  • Plasticizers
    • Internal
    • External
  • Polymers
    • Thermosets
    • Thermoplastics
  • Resins
    • Styrene Butadiene Rubber
    • Styrene Acrylonitrile
    • Acrylonitrile Butadiene Styrene
    • Others
  • Lubricating oils
  • Antioxidants
  • others

On the basis of end use the global alpha-Methylstyrene market is divided into:

  • Waxes
  • Coatings
  • Adhesives
  • Others

Alpha-Methylstyrene Market: Regional Outlook

East Asia is expected to contribute a major portion of the market due to increasing use of alpha-methylstyrene for the production of styrene based products. Countries such as China, Japan, and South Korea have high Acrylonitrile Butadiene Styrene and styrene-acrylonitrile production, which consequently necessitate the usage of alpha-Methylstyrene. China is one of the key emerging markets for alpha-Methyl styrene in the East Asia region due to its huge Styrene Butadiene Rubber, Styrene Acrylonitrile and other resin manufacturing units. Further, North America is expected to follow East Asia in the global alpha-Methyl styrene market due to various factors such as high resin and plasticizer utilization and presence of manufacturing giants of styrene based products. Alpha-Methylstyrene market in Europe is expected to show high growth rates due to increasing technological advancements, increasing styrene-butadiene rubber production and their dominance in the electronic and automobile sector. Initiatives such as “European Green Vehicles Initiative (EGVI cPPP)” tend to drive the manufacturing industries of the region that signifies growth in the polymer and resin industry. Germany and Italy are the emerging markets in coatings industry in Europe due to the huge demand of alpha-Methylstyrene products in the automotive industry. Followed by Europe, South Asia and Oceania, it is expected to grow at a commendable CAGR of 3% in the forecast period of 2019-2029.  Moreover, Latin America accounted for a substantial market share in terms of alpha-Methyl styrene demand. Market is expected to flourish in the Middle East and Africa due to increasing disposable income and demand for the durable styrene based products shall boost the demand of alpha-methylstyrene.  

Key players of alpha-Methylstyrene Market

Prominent players in the global alpha-Methylstyrene market are Formosa Chemicals Industries Ningbo Limited, Ineos Limited, Mitsui Chemicals Inc, Mitsubishi Chemical Corporation, Advansix Inc, Rosneftegaz JSC, Tokyo chemical industry co., Ltd, CEPSA Quimica, S.A and others. The alpha-Methylstyrene market consists of significant global and regional players with global vendors dominating the market.

The research report presents a comprehensive assessment of the alpha-Methylstyrene market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The alpha-Methylstyrene market report provides analysis and information, according to market segments such as purity, application, end use and region.

The Alpha-Methylstyrene Market Report Covers Exhaustive Analysis On:

  • Market Segments
  • Market Dynamics
  • Market Size & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

The Alpha-Methylstyrene report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The Alpha-Methylstyrene report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The Alpha-Methylstyrene report also maps the qualitative impact of various market factors on market segments and geographies.

The Alpha-Methylstyrene Market Report Highlights:

  • A Detailed overview of the parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?