- January 2021 |
- Chemicals And Materials / Chemicals and Materials
Global Alpha-methylstyrene (AMS) Market, By Purity (>99.5%, 95-99.5%), By Application (Adhesive and sealants, Paints and Coatings, Printing Inks, Rubber Compounding, Pressure-sensitive Tapes and Labels, Others), By Region (North America, Europe, Asia Pacific, South America, and the Middle East); Trend Analysis, Competitive Market Share & Forecast, 2020-2027.
Global Alpha-methylstyrene (AMS) Market
size- Industry Trends & Forecast Report 2027.
The global Alpha-methylstyrene (AMS) market is growing at a potential growth rate Year-over-Year (YoY) and has reached USD 487 million in 2020. The market is further expected to touch USD million by 2027, growing at a CAGR of almost 4.5% during 2021-2027 (forecast period). Alpha-methylstyrene (AMS) is produced as a by-product from the oxidation of cumene to produce phenol. The impurities of phenol, cumene, and butyl-benzene. AMS has applications across many industries. Some major areas of application are waxes, paints, and coatings, perfumes, antioxidants, adhesives, chemical intermediates, etc.
Source: BlueWeave Consulting
Global Alpha-methylstyrene (AMS) Market Overview:
lpha-metylstyrene (AMS) is a by-product of phenol production from the oxidation of cumene. AMS produced is high on impurities. The impurities are removed via a continuous distillation process at low pressure. The major impurities present are phenol, butyl benzene, and cumene. The cost of having a purification plant is too high. As a result, only a handful number of companies try to purify the impure AMS before using it. Others recycle the impure alpha methyl-styrene by hydrogenating it to produce cumene. The cumene produced can again be used as a feedstock for the oxidation process to manufacture phenol.
Alpha-Methylstyrene Resin Market Forecast and Trends
Raising the rate of construction work in the Asia-Pacific region will drive the market.
The rate of construction in the Asia-Pacific region is increasing rapidly due to urbanization in developing countries, the increasing presence of many automobile & oil and gas giants, the increasing rate...