January 2021
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global alpha methylstyrene (ams) market
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
Growth Drivers
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 of
industrialization, and lenient government policies to attract investors. With
increasing construction and industrialization, the demand for paints and
coatings, waxes, chemical intermediates, and adhesives will go up. This will
affect the alpha-methylstyrene (AMS) market positively and will drive the
market growth rate.
ABS (Acrylonitrile-butadiene-styrene),
with increasing use in various industries across the globe, is expected to
contribute majorly to the growth of the AMS market.
ABS (Acrylonitrile-butadiene-styrene) had the largest share of
the AMS-market thanks to its versatile nature, and properties. ABS is used
extensively in various industries across the globe. ABS is known as a “bridge
polymer” because it has the properties of both commodity thermoplastics and
high-performing engineering plastics. There are various processes to
manufacture acrylonitrile-butadienestyrene. The emulsion process is the oldest
process, which produces the least pure product. The continuous phase reaction
process is preferred these days due to less energy consumption, fewer effluent
requirements, and products with high color consistency. ABS has found usage in
the sports industry, electronics, and computers, household commodities, kitchen
equipment, etc. With the increasing demand for products from the abovementioned
industries, the demand for ABS is likely to go up, which will drive the growth
of the alpha-methylstyrene market.
Restraints
Health effects and the formation of
carbon monoxide are likely to hamper the growth of the alpha-methylstyrene
market.
Alpha-methyl styrene forms carbon monoxide and a high volume of
smoke when burnt. Carbon monoxide, which is very dangerous for humans, but also
increasing the volume of greenhouse gases in the atmosphere. It has poor UV
resistance and poor bearing properties. (High friction and wear). When inhaled,
AMS causes dizziness, breathlessness, lightheadedness, and, respiratory tract.
It also irritates the skin, eyes, and throat. Long time skin contact can cause
swelling, rashes, and blisters. Alpha-methylstyrene is also incompatible with
strong oxidizing agents. It is highly flammable and forms an explosive mixture
with air. All these hazards may hamper the growth of AMS in the forecast
period.
Impact of COVID-19 in industry
The global economy and humanity have been pushed into a crisis
due to the COVID-19 pandemic. Due to the high infection rate and adverse impact
on public health systems, various governments have enforced nationwide
lockdowns significantly impacting manufacturing supply chains, trade, and
related services. Players are currently considering digital solutions that
would enable them to serve the community and provide new opportunities to do
business. The production, manufacturing, supply chain, and other operations,
have slowed down globally aimed to limit the spread of the coronavirus. The
global impact of the coronavirus disease 2019 (COVID-19) is likely only
beginning and it significantly affected the market in 2020. The second wave of
COVID-19 has started, and with the cases of the second strain of COVID-19
increasing, the countries are again announcing nationwide lockdowns. Despite
the growing uncertainty and panic, technology suppliers must continue to focus
on their long-term investments, maintain engagement with partners and
prospects, and look to specific markets for stability.
ALPHA-METHYLESTYRENE (AMS)Resin Market:
By Application
Based on the End-use, Alpha-methylstyrene (AMS) market is segmented into Resins (Acrylonitrile-butadiene-styrene), Plasticizer, Adhesives, Paints and coatings, Waxes, Finishing agents, Perfumes, Chemical intermediates, and others. Acrylonitrile-butadiene-styrene (ABS) market is likely to grow with the highest CAGR, followed by paints, waxes, chemical intermediates, and others. ABS has found application in many industries due to its versatile nature. ABS have good strength, toughness due to butadiene, chemical, and thermal stability due to the presence of acrylonitrile, and a nice glossy finish due to styrene. Along with these properties, ABS possess high tensile strength and resistivity against physical and chemical means of corrosion. With more than 600 grades available for ABS, it has found applications from automotive to electronics and computers industry, from household and consumer good to sports equipment.
Source: BlueWeave Consulting
ALPHA-METHYLESTYRENE (AMS)HCR Resin Market:
Regional Insight
The global market of
Alpha-methylstyrene is divided into the Asia-Pacific region, North America,
Europe, South America, and the Middle East. Asia-Pacific region is most likely
to dominate Alpha-methylstyrene (AMS) market with China, and India leading the way.
The regional market share is likely to grow in the forecast period with the
increasing industrialization, investment from several automobile companies,
raising rate of construction, and rapid urbanization rate. North America and
Europe will also witness a healthy CAGR with the increasing demand for ABS.
South America and the Middle East will have a moderate CAGR with the increasing
use of ABS in kitchen equipment, urbanizing population, and increasing rate of
construction work in developing countries.
Source: BlueWeave Consulting
Competitive
landscape
Alpha-methylstyrene (AMS) market is fragmented owing to the presence of
number of companies that provides varied petroleum resin products. However, the
companies that hold the majority share of Petroleum resin market
are Altiva Corp., Cepsa, Mitsui Chemicals Inc, Ineos Phenol, AdvanSix,
Rosneft, SI Group Inc, DOMO Chemicals, Kumho P&B Chemicals, Taiwan
Prosperity Chemical Corp, Yangzhou Lida Chemicals, Mitsubishi Chemical
Corporation, Solvay SA, Rhodia, Versalis SPA, Sunoco Chemicals, Prasol Chemicals
Pvt. Ltd, The Plaza Group, Banner Chemicals Ltd, United Petrochemical Company
and other prominent players.
In the Alpha-methylstyrene (AMS) market, prominent market participants
compete on the basis of price and product quality. Small and medium-sized
market players are expected to show considerable improvements in the
foreseeable future, given the moderate level of capital expenditure needed to
set up a business. The large-sized companies, however, are likely to aim for
global expansion, in a bid to gain a more considerable brand reputation.
Scope of the
Report
Attribute |
Details |
Years Considered |
Historical data – 2017-2019 Base Year – 2020 Forecast – 2021 – 2027 |
Facts
Covered |
Revenue in USD Million |
Market
Coverage |
U.S,
Canada, Germany, UK, Germany, France, Italy, Spain,
Italy, Japan, China, India, Japan, Singapore, South
Korea, Brazil, Mexico, Saudi Arabia, GCC Countries.
UAE, South Africa |
Product/Service
Segmentation |
By Purity, By Application and By Region |
Key
Players |
Altiva
Corp., Cepsa, Mitsui Chemicals Inc, Ineos
Phenol, AdvanSix, Rosneft, SI
Group Inc, DOMO Chemicals, Kumho
P&B Chemicals, Taiwan
Prosperity Chemical Corp, Yangzhou
Lida Chemicals, Mitsubishi
Chemical Corporation, Solvay
SA, Rhodia, Versalis SPA, Sunoco
Chemicals, Prasol Chemicals Pvt. Ltd, The
Plaza Group, Banner Chemicals Ltd, United
Petrochemical Company and Others |
Scope of the Report
By Purity
Ø Above 99.5%
Ø Between 95-99.5%
By End Use
Industry
Ø Resins
o Acrylonitrile-butadiene-styrene (ABS)
Ø Plasticizer
Ø Adhesives
Ø Paints and coatings
Ø Waxes
Ø Finishing agents
Ø Perfumes
Ø Chemical intermediates
Ø Others
By Region
Ø
North America
Ø
Europe
Ø
Asia Pacific
Ø
Middle East and Africa
Ø
Latin America
We've been tracking the direct impact of COVID-19 on this market, and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Contact our sales team for more details at
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