Alpha-methylstyrene Market To Reach $610.62 Million By 2030

Alpha-methylstyrene Market Growth & Trends

The global alpha-methylstyrene market size is anticipated to reach at USD 610.62 million by 2030 and is projected to grow at a CAGR of 3.1% from 2024 to 2030, according to a new report by Grand View Research, Inc. The growth is attributed to the increasing demand for acrylonitrile butadiene styrene (ABS) resins from the automotive and electronic appliances industries as well as AMS’s diverse applications across various industries, including plastics, adhesives, and chemicals.

Alpha-methylstyrene is used as a modifier in the manufacturing of ABS resins, enhancing the heat resistance and impact resistance of the final products. The product is replacing styrene in the ABS resins production due to its distinctive properties. This shift in usage further drives the demand for AMS in the market. The unique properties of alpha-methylstyrene make it a valuable component in the production of high-performance materials, contributing to its steady growth and relevance in various industries.

The growing demand for high-performance materials and the increasing use of AMS in various industrial applications present significant opportunities for market expansion. Moreover, the rising demand for ABS resins from the electronic and automotive appliances industries acts as a key opportunity for the growth of the global AMS market. However, the industry faces restraints such as the hazardous wastes generation during the manufacturing of alpha methylstyrene, that acts as a major obstacle for the market's growth. This restraint underscores the need for sustainable and environmentally friendly production processes within the AMS industry.

The Middle East & Africa region is expected to play a significant role in the growth in the forecast period. AMS is used as a plastic additive, further driving its demand in the region. The demand for alpha-methylstyrene in the Middle East & Africa region is driven by its applications in the production of ABS resins, polyester, and alkyd. The total revenue generated by the household appliances segment, which heavily relies on ABS resins, further underscores the driving force of ABS demand on the AMS market in the Middle East & Africa.

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Alpha-methylstyrene Market Report Highlights

• Based on purity, the 95%-99% segment is anticipated to grow at the fastest CAGR of more than 3.8% during the forecast period, owing to its widespread usage in the automotive, chemical and electronics industries around the world

• Based on end-use, the personal care & cosmetics segment is anticipated to grow at the fastest CAGR of 3.5% during the forecast period, due to its growing application in products such as perfumes for enhancing their olfactory properties

• North America market is anticipated to grow at the fastest CAGR of 2.9% over the forecast period, due to the significant growth in end user industries such as chemical manufacturing and automotive, driven by trends such as growing adoption of electric vehicles

• The increasing use of AMS in the production of plasticizers for construction applications, such as skyscrapers, presents significant growth opportunities for the AMS market

Alpha-methylstyrene Market Segmentation

Grand View Research has segmented the global alpha methylstyrene market report based on purity, end-use and region:

Alpha-methylstyrene Purity Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• >99.5%

• 95%-99%

Alpha-methylstyrene End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Automotive

• Electronics

• Chemical Manufacturing

• Personal Care & Cosmetics

• Other End-use

Alpha-methylstyrene Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

• Central & South America

  • Brazil

  • Argentina

• Middle East and Africa

  • Saudi Arabia

  • South Africa

List of Key Players in the Alpha-methylstyrene Market Include

• AdvanSix

• Altivia

• Cepsa

• Domo Chemicals

• INEOS Group

• Kraton Corporation

• KUMHO P&B CHEMICALS

• Mitsubishi Chemical Corporation

• Prasol Chemicals Limited

• Solvay