Alpha Methylstyrene Market
English Public
Market Snapshot.
The market size and share of alpha-methylstyrene is estimated to reach USD 723 million by 2035 from a market value of USD 496 million in 2023, at a CAGR of 3% during the forecast period 2023-2035. Growth expected.
Market overview.
Alpha-methylstyrene (AMS) is a colourless liquid organolefin compound from which a variety of styrenic polymers are obtained. Used as a comonomer in various polymerisation processes to improve impact and heat resistance, AMS is mainly used in acrylonitrile-butadiene-styrene (ABS) resins, but also in adhesives, resins, printing inks and adhesive agents. According to our research, the growing global demand for chemicals is a growth driver for this market: according to UNEP (United Nations Environment Programme), sales of chemical products are expected to almost double between 2017 and 2030; by 2021, total sales of the global chemical industry are expected to reach 4.7 trillion will exceed USD USD 3.7 trillion.During the three-year period from 2021 to 2024, the industry is expected to grow in all segments, with an overall industry growth rate of 1.8 per cent in 2024.
Key market trends.
INEOS Phenol launches its first low-carbon bioproduct lines manufactured without fossil fuels as feedstock for its phenolic acetone and α-methylstyrene businesses. They represent an innovation in the global phenol market and provide a more climate-friendly and sustainable alternative to existing phenol, acetone and AMS INVIRIDISTM , located in Gladbeck, Germany and Antwerp, Belgium It is manufactured at INEOS Phenolic's sites in Gladbeck and Antwerp, Belgium, and uses cumene, a bio-attribute that allows for the substitution of fossil fuel sources.
The Mitsubishi Chemical Group (MCG Group) announced that it has decided to discontinue production and sales of some solid bisphenol-A epoxy resin products at its Mie Plant at the end of March 2024. Production and sales of other solid epoxy resins, liquid epoxy resins and special epoxy resins will continue.
Growth factors.
1. increased use of α-methylstyrene in the automotive industry - increased use of ABS, SBR (styrene-butadiene rubber) and SAN in the automotive and electronics sectors is increasing the use of α-methylstyrene in styrene-based products Global production of SBR will increase to around 8 million tonnes and is expected to grow at a CAGR of 6.0% between 2022 and 2035. Automotive components such as cavity seals, gaskets, gears, bearers and batteries are some of the end-use products that will increase revenues in the Α-methylstyrene market. Revenue from the global automotive industry was valued at USD 2.9 trillion in 2022.
2. increasing use of Α-methylstyrene in CASE applications (coatings, adhesives, sealants, elastomers) - rising demand for durable waxes and heat resistant adhesives is expected to boost the Α-methylstyrene market Polyols are used in modern coatings and varnishes, adhesives, vehicle Increasingly used in coatings, cables, floor coverings, walls and roads Global sales of floor coatings are expected to reach USD 3 billion in 2022, growing at a CAGR of 8% and reaching USD 4.5 billion by 2035.
3. increasing demand for alpha-methylstyrene in the printing inks industry - global sales of printing inks are valued at USD 21 billion in 2022 and are expected to grow at a CAGR of 3% from 2022 to 2035. Factors such as growth in end-use industries such as flexible packaging, commercial printing and publishing, and packaging labels are driving this market significantly.
Themes.
1. health and safety issues related to exposure to Α-methylstyrene and its derivatives are a major concern
2. growth of the Α-methylstyrene market is likely to become more difficult in the near future due to volatile raw material prices
3. styrene is mainly produced from petroleum products. As petroleum is the raw material, fluctuations in crude oil prices will hinder production. Already high oil prices have soared to more than USD 110 per barrel due to the Russian-Ukrainian war.
Competitive environment
Major players and manufacturers in the alpha-methylstyrene market are Mitsubishi Chemical Corporation, Kumho P&B Chemicals Inc, INEOS, Cepsa, AdvanSix Inc, Solvay SA, Rosneft, AdvanSix Inc, Mitsui Chemicals Inc and Versalis SPA, Taiwan Prosperity Chemical Corporation, among others. The study includes detailed competitive analysis, company profiles, recent trends and key market strategies of these key players in the global alpha-methylstyrene market.
For more information on the market research report, visit: https://www.sdki.jp/reports/alpha-methylstyrene-market/106743
The market size and share of alpha-methylstyrene is estimated to reach USD 723 million by 2035 from a market value of USD 496 million in 2023, at a CAGR of 3% during the forecast period 2023-2035. Growth expected.
Market overview.
Alpha-methylstyrene (AMS) is a colourless liquid organolefin compound from which a variety of styrenic polymers are obtained. Used as a comonomer in various polymerisation processes to improve impact and heat resistance, AMS is mainly used in acrylonitrile-butadiene-styrene (ABS) resins, but also in adhesives, resins, printing inks and adhesive agents. According to our research, the growing global demand for chemicals is a growth driver for this market: according to UNEP (United Nations Environment Programme), sales of chemical products are expected to almost double between 2017 and 2030; by 2021, total sales of the global chemical industry are expected to reach 4.7 trillion will exceed USD USD 3.7 trillion.During the three-year period from 2021 to 2024, the industry is expected to grow in all segments, with an overall industry growth rate of 1.8 per cent in 2024.
Key market trends.
INEOS Phenol launches its first low-carbon bioproduct lines manufactured without fossil fuels as feedstock for its phenolic acetone and α-methylstyrene businesses. They represent an innovation in the global phenol market and provide a more climate-friendly and sustainable alternative to existing phenol, acetone and AMS INVIRIDISTM , located in Gladbeck, Germany and Antwerp, Belgium It is manufactured at INEOS Phenolic's sites in Gladbeck and Antwerp, Belgium, and uses cumene, a bio-attribute that allows for the substitution of fossil fuel sources.
The Mitsubishi Chemical Group (MCG Group) announced that it has decided to discontinue production and sales of some solid bisphenol-A epoxy resin products at its Mie Plant at the end of March 2024. Production and sales of other solid epoxy resins, liquid epoxy resins and special epoxy resins will continue.
Growth factors.
1. increased use of α-methylstyrene in the automotive industry - increased use of ABS, SBR (styrene-butadiene rubber) and SAN in the automotive and electronics sectors is increasing the use of α-methylstyrene in styrene-based products Global production of SBR will increase to around 8 million tonnes and is expected to grow at a CAGR of 6.0% between 2022 and 2035. Automotive components such as cavity seals, gaskets, gears, bearers and batteries are some of the end-use products that will increase revenues in the Α-methylstyrene market. Revenue from the global automotive industry was valued at USD 2.9 trillion in 2022.
2. increasing use of Α-methylstyrene in CASE applications (coatings, adhesives, sealants, elastomers) - rising demand for durable waxes and heat resistant adhesives is expected to boost the Α-methylstyrene market Polyols are used in modern coatings and varnishes, adhesives, vehicle Increasingly used in coatings, cables, floor coverings, walls and roads Global sales of floor coatings are expected to reach USD 3 billion in 2022, growing at a CAGR of 8% and reaching USD 4.5 billion by 2035.
3. increasing demand for alpha-methylstyrene in the printing inks industry - global sales of printing inks are valued at USD 21 billion in 2022 and are expected to grow at a CAGR of 3% from 2022 to 2035. Factors such as growth in end-use industries such as flexible packaging, commercial printing and publishing, and packaging labels are driving this market significantly.
Themes.
1. health and safety issues related to exposure to Α-methylstyrene and its derivatives are a major concern
2. growth of the Α-methylstyrene market is likely to become more difficult in the near future due to volatile raw material prices
3. styrene is mainly produced from petroleum products. As petroleum is the raw material, fluctuations in crude oil prices will hinder production. Already high oil prices have soared to more than USD 110 per barrel due to the Russian-Ukrainian war.
Competitive environment
Major players and manufacturers in the alpha-methylstyrene market are Mitsubishi Chemical Corporation, Kumho P&B Chemicals Inc, INEOS, Cepsa, AdvanSix Inc, Solvay SA, Rosneft, AdvanSix Inc, Mitsui Chemicals Inc and Versalis SPA, Taiwan Prosperity Chemical Corporation, among others. The study includes detailed competitive analysis, company profiles, recent trends and key market strategies of these key players in the global alpha-methylstyrene market.
For more information on the market research report, visit: https://www.sdki.jp/reports/alpha-methylstyrene-market/106743
by akiariku
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