The global alpha methyl styrene market is expected to grow at a steady CAGR during the forecast period. Alpha methyl styrene is an organic compound with molecular formula C6H5C(CH3) CH2. It is also known as isopropenyl benzene. It is a clear, colorless organic compound with a sharp odor. The chemical, obtained by partial oxidation of cumene, is a by-product of cumene-phenol process, wherein, phenol and acetone are synthesized from benzene.
The Important Elements of Alpha Methyl Styrene Market
The increasing use of alpha methyl styrene in the automotive and protective gear manufacturing application is expected to boost its demand in the coming years. Additionally, increasing demand for ABS resin is further anticipated to drive growth of the global alpha methyl styrene market. Alpha methyl styrene is also finding application in paints & coatings. Moreover, with rising demand for lower molecular weight, coatings, plasticizers, waxes, and adhesives, the demand for alpha methyl styrene is also increasing. Additionally, the adhesives market is witnessing healthy growth, thereby further boosting growth in the alpha methyl styrene market.
The global alpha methyl styrene market is segmented based on type, application, region, and company. Based on type, the market can be bifurcated into Purity-95% and Purity-90%. Purity 95% is expected to dominate the market during the forecast period owing to its increasing demand as a heat stabilizer for ABS, as a solvent in the plastics industry, and as a pigment and paint adhesive agent in adhesives & coatings, waxes, and tackifiers. Based on application, the market can be segmented into ABS manufacturing, Para-Cumyl phenol, paints & adhesives, and waxes. The ABS manufacturing segment is projected to register the highest CAGR during the forecast period on account of the heat stability and impact resistance properties of alpha methyl styrene.
Regionally, the alpha methyl styrene market is gaining traction and expanding to various regions including Asia-Pacific, North America, South America, Europe, and the Middle East & Africa. Among these regions, the North America region dominates the Alpha Methyl Styrene market. North America is followed by Europe, Asia Pacific, South America, and the Middle East and Africa.
The major players operating in the global alpha methyl styrene market are INEOS Group, Ltd., Honeywell International Inc., PJSC Rosneft Oil Company, Compañía Española de Petróleos, S.A.U, Mitsui Chemicals, Inc, Taiwan Prosperity Chemical, AdvanSix Inc., Kumho P&B Chemicals, Domo Chemicals GmbH, Mitsubishi Chemical Holdings and others. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market.
Other competitive strategies include mergers & acquisitions and new product developments. For instance, in January 2019, Mitsui Chemicals, Inc. (Japan) announced its plan to begin the production of alpha-methyl styrene by 2023 at its Singapore-based subsidiary, Mitsui Phenols Singapore Pte. Ltd. This expansion aims at catering to the increased demand for alpha-methyl styrene across the globe due to rise in the consumption of ABS resins and petroleum resins in various end-use industries.
Some of the leading players in the global alpha methyl styrene market
- INEOS Group, Ltd.
- Honeywell International Inc.
- PJSC Rosneft Oil Company
- Compañía Española de Petróleos
- S.A.U, Mitsui Chemicals, Inc
- Taiwan Prosperity Chemical
- AdvanSix Inc.
- Kumho P&B Chemicals
- Domo Chemicals GmbH
- Mitsubishi Chemical Holdings and others.
The Objective of the Study:
- To analyze and forecast the market size of the global alpha-methyl styrene market.
- To classify and forecast the global alpha methyl styrene market based on type, application, company, and regional distribution.
- To identify drivers and challenges for global alpha-methyl styrene market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the global alpha methyl styrene market.
- To conduct pricing analysis for the global alpha methyl styrene market.
- To identify and analyze the profile of leading players operating in the global alpha methyl styrene market.
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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels, and presence of all major players across the globe.
TechSci Research calculated the market size of the global alpha-methyl styrene market using a bottom-up approach, wherein data for various end-user segments was recorded and forecasted for the future years. TechSci Research sourced these values from industry experts and company representatives and externally validated them by analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations, and financial reports were also studied by TechSci Research.
Key Target Audience:
- Alpha methyl styrene manufacturers, suppliers, and other stakeholders
- Government bodies such as regulating authorities and policymakers
- Organizations, forums, and alliances related to alpha methyl styrene
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
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| Attribute | Details | |
| Base Year | 2021 | |
| Historical Data | 2017 – 2020 | |
| Estimated Year | 2022 | |
| Forecast Period | 2023 – 2027 | |
| Quantitative Units | Revenue in USD Million and CAGR for 2017-2021 and 2022E-2027F | |
| Report coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends | |
| Segments covered | · Type· Application | |
| Regional scope | North America; Europe; Asia Pacific; South America; Middle East & Africa | |
| Country scope | United States, Mexico, Canada, China, India, Japan, South Korea, Australia; Indonesia, Germany, France, United Kingdom, Russia, Italy, South Africa, Brazil | |
| Key companies profiled | INEOS Group, Ltd., Honeywell International Inc., PJSC Rosneft Oil Company, Compañía Española de Petróleos, S.A.U, Mitsui Chemicals, Inc, Taiwan Prosperity Chemical, AdvanSix Inc., Kumho P&B Chemicals, Domo Chemicals GmbH, Mitsubishi Chemical Holdings. | |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. | |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options | |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) | |
Report Scope:
In this report, the global alpha methyl styrenes market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
- Market, By Type:
- Purity-95%
- Purity-90%
- Market, By Application:
o ABS Manufacture
o Para-Cumyl phenol
o Paints & Adhesives
o Waxes
- Market, By Region:
- North America
- United States
- Mexico
- Canada
- Europe
- Germany
- France
- United Kingdom
- Italy
- Russia
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Indonesia
- Middle East & Africa
- South Africa
- South America
- Brazil
- North America
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the global Alpha Methyl Styrene market.