Alpha-Methylstyrene Market Size, Share, Forecast Analysis, & Growth Opportunity- 2022-2028.

Stratview Research has recently published a report on the Alpha-Methylstyrene Market. This strategically evaluated report provides a detailed overview that presents today's market scenario and future possibilities, as well as market intelligence and information, for a 5-year period from 2022 to 2028.
Alpha-Methylstyrene Market Insights:
The alpha-methylstyrene market was estimated at USD 490.86 million in 2021 and is likely to grow at a CAGR of 3.14% during 2022-2028 to reach USD 611.64 million in 2028.
What is alpha-methylstyrene?
Alpha-Methylstyrene is a chemical intermediate used in the manufacturing of polymers & resins and plasticizers. It is a colorless liquid that is formed as a co-product in the phenol production process of cumene oxidation.
Alpha-Methylstyrene is used to improve the properties of polymers, rubber, and protective coatings. Major applications served by Alpha-Methylstyrene include ABS resin, Para-Cumylphenol, adhesives & coatings, waxes, and others. Alpha-Methylstyrene is available in different purity grades of which the above 99.5% grade is the most widely used one.
Market Dynamics
The growth of the alpha-methylstyrene market is primarily driven by-
• The growing usage of acrylonitrile butadiene styrene (ABS) in electronic appliances,
• The growing usage of ABS in automotive components.
As per the report, the market is segmented by:
The workplace segment accounted for the largest market share in 2021.
Based on the application type, the market is segmented as ABS resin, Para-Cumyphenol, adhesives & coatings, waxes, and others. The ABS resin application segment held the largest share of the market in 2021 and is expected to remain dominant during the forecast period. The wide use of ABS resin in automotive components and electronic appliances is driving the growth of this segment.
Based on the purity type, the market is segmented as above 99.5% and between 95% and 99.5%. The above 99.5% segment holds the larger share of the market and is also expected to witness higher growth during the forecast period. Alpha-Methylstyrene with a purity above 99.5% is majorly used in applications, such as ABS resin, the plastic industry, adhesives & coatings, and others.
In terms of regions, Asia-Pacific is estimated to be the largest as well as the fastest-growing market for alpha-methylstyrene during the forecast period, with China, Japan, India, and South Korea being the major countries with lucrative growth opportunities.
The growth of the market is majorly driven by significant economic development in the regions, the growing disposable income of customers, and a huge consumer base. All these factors are contributing to the increasing demand for automotive and electronic appliances, which in turn, is driving the demand for alpha-methylstyrene in the region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
A sneak peek into the Report:
This report serves as a comprehensive source of market analysis. The report's layout has been kept simple in order to have the most business value possible. It offers valuable insights into business dynamics and allows current and potential market participants to make strategic decisions. The following is the report's key features:
Market structure: Overview, industry life cycle analysis, supply chain analysis
Market forecast analysis.
Competitive landscape and dynamics: Market share, product launches, etc.
Attractive market segments and associated growth opportunities
Emerging Trends & Key success factors
Key Players
The market for Alpha-Methylstyrene is highly consolidated with the strong presence of key players such as-
• Mitsubishi Chemical Corporation
• INEOS Group Holding S.A.
• DOMO Chemicals
• AdvanSix
• Rosneft
• Kumho P&B Chemicals
• Altivia Corp.
• SI Group Inc.
• Taiwan Prosperity Chemical Corp.
• Yangzhou Lida Chemicals
• Solvay SA
• Mitsui Chemicals, Inc.
Read More: https://www.stratviewresearch.com/865/alpha-methylstyrene-market.html
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