Market Size of Alpha Methylstyrene Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR (2024 - 2029) | 3.60 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Alpha Methylstyrene Market Analysis
The Alpha Methylstyrene Market size is estimated at 286.69 kilotons in 2024, and is expected to reach 342.15 kilotons by 2029, growing at a CAGR of 3.60% during the forecast period (2024-2029).
COVID-19 negatively impacted the market as all the industries halted their manufacturing processes. Lockdowns, social distances, and trade sanctions triggered massive disruptions to global supply chain networks. However, the condition is recovered in 2021, which is expected to benefit the market during the forecast period.
- In the medium term, the major factors driving the market studied are the increasing demand for the manufacturing of ABS resins and increasing demand for alpha-methyl styrene in the electronics segment.
- On the flip side, hazardous waste release during the production of alpha methyl styrene is likely to restrain the market growth.
- Increase in demand for durable waxes and heat-resistant adhesives is likely to act as an opportunity for the market in coming years.
- Asia-Pacific accounted for the highest market share, and the region is likely to dominate the market during the forecast period.
Alpha Methylstyrene Industry Segmentation
Alpha methyl styrene is a colorless liquid and type of organic chemical which is majorly utilized in order to enhance the heat-resistance when used as a co-monomer during the polymerization processes. It can be utilized in several applications, such as ABS manufacturing chemical resins, plastics, adhesives, and coatings, including many others.
The alpha methyl styrene market is segmented by application, end-user industry, and geography. By application, the market is segmented into ABS manufacture, plastic additives and intermediates, adhesives, coatings, and other applications. By end-user industry, the market is segmented into tire, automotive, electronics, plastics, and other end-user industries. The report also covers the market size and forecasts for the alpha methyl styrene market in 11 countries across major regions. For each segment, market sizing and forecasts are done in volume (kilotons) and revenue (USD million).
| Application | |
| ABS Manufacture | |
| Plastic Additives and Intermediates | |
| Adhesives | |
| Coatings | |
| Other Applications |
| End-user Industry | |
| Tire | |
| Automotive | |
| Electronics | |
| Plastics | |
| Other End-user Industries |
| Geography | |||||||
| |||||||
| |||||||
| |||||||
|
Alpha Methylstyrene Market Size Summary
The alpha-methylstyrene market is poised for growth, driven by its critical role as an intermediate in the production of ABS resin, which is increasingly used as a metal substitute in the automotive industry. The demand for alpha-methylstyrene is bolstered by the rising production of electric vehicles and the need for lightweight automotive components. The Asia-Pacific region, particularly countries like China, India, Japan, and South Korea, plays a significant role in this market due to its robust automotive manufacturing base and expanding chemical processing industries. Despite challenges such as hazardous waste production during manufacturing, the market is expected to benefit from opportunities in durable waxes and heat-resistant adhesives.
The market landscape is characterized by a fragmented structure with key players such as ENI S.p.A., INEOS, Cepsa, Mitsubishi Chemical Corporation, and Domo Chemicals. Recent strategic moves, like INEOS Phenol's acquisition of Mitsui Phenols Singapore Ltd, have expanded production capacities, enhancing the company's ability to meet growing demand in the Asian region. The market's recovery post-COVID-19 disruptions and the ongoing investments in chemical plant constructions further support the optimistic growth trajectory anticipated over the forecast period.
Alpha Methylstyrene Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Drivers
-
1.1.1 Increasing Demand For the Manufacturing of ABS Resins
-
1.1.2 Increasing Demand For Alpha-methyl Styrene In the Electronics Segment
-
-
1.2 Restraints
-
1.2.1 Hazardous Waste Release During the Production of Alpha Methyl Styrene
-
1.2.2 Other Restraints
-
-
1.3 Industry Value Chain Analysis
-
1.4 Porter's Five Forces Analysis
-
1.4.1 Threat of New Entrants
-
1.4.2 Bargaining Power of Buyers
-
1.4.3 Bargaining Power of Suppliers
-
1.4.4 Threat of Substitute Products
-
1.4.5 Degree of Competition
-
-
-
2. MARKET SEGMENTATION (Market Size in Volume and Value)
-
2.1 Application
-
2.1.1 ABS Manufacture
-
2.1.2 Plastic Additives and Intermediates
-
2.1.3 Adhesives
-
2.1.4 Coatings
-
2.1.5 Other Applications
-
-
2.2 End-user Industry
-
2.2.1 Tire
-
2.2.2 Automotive
-
2.2.3 Electronics
-
2.2.4 Plastics
-
2.2.5 Other End-user Industries
-
-
2.3 Geography
-
2.3.1 Asia-Pacific
-
2.3.1.1 China
-
2.3.1.2 India
-
2.3.1.3 Japan
-
2.3.1.4 South Korea
-
2.3.1.5 Rest of Asia-Pacific
-
-
2.3.2 North America
-
2.3.2.1 United States
-
2.3.2.2 Canada
-
2.3.2.3 Mexico
-
-
2.3.3 Europe
-
2.3.3.1 Germany
-
2.3.3.2 United Kingdom
-
2.3.3.3 France
-
2.3.3.4 Italy
-
2.3.3.5 Rest of Europe
-
-
2.3.4 Rest of the World
-
2.3.4.1 South America
-
2.3.4.2 Middle-East and Africa
-
-
-
Alpha Methylstyrene Market Size FAQs
How big is the Alpha Methylstyrene Market?
The Alpha Methylstyrene Market size is expected to reach 286.69 kilotons in 2024 and grow at a CAGR of 3.60% to reach 342.15 kilotons by 2029.
What is the current Alpha Methylstyrene Market size?
In 2024, the Alpha Methylstyrene Market size is expected to reach 286.69 kilotons.
