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 : September, 2020 | Chemical & Materials | PPT format

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

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

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

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.