Alpha-Methylstyrene (AMS), Market is Projected to Reach USD Million by 2027, Growing at a CAGR of around 4.5% During 2021-2027
Published | January 2021
According to BlueWeave Consulting, the global Alpha-Methylstyrene market
worth USD 487 million in 2020 and is further projected to reach USD million by 2027, growing at a CAGR of around
4.5% during 2021-2027 (forecast period). Alpha-Methylstyrene (AMS) is a
colorless liquid. It is produced as a by-product during Phenol production from
Cumene oxidation. The impurities of Phenol, Cumene, and butyl-benzene are
removed before using AMS. Major areas of application for AMS are waxes, paints,
and coatings, perfumes, antioxidants, adhesives, chemical intermediates, etc.
Increasing use of Acrylonitrile butadiene styrene (ABS) had the largest share of the market and is likely to drive the market.
The major use of AMS is in the production of acrylonitrile-butadiene-styrene (ABS) resins, which accounts for more than 1/3rd of the total demand for AMS. The growing demand for ABS in the automotive and electronics sector is directly affecting the growth of the AMS market. Increasing investment in the electronics and automotive sector is going to raise the demand for ABS, which as a result will raise the demand for AMS.
Formation of carbon mono-oxide, when burnt, is a major restrain for
When burnt, alpha-methyl styrene produces carbon monoxide, toxic vapor, which leads to the formation of greenhouse gases. Carbon monoxide is also harmful to humans. AMS is also not compatible with strong oxidizing agents. When comes in contact with a human, AMS irritates eyes, throat, and skin. AMS vapor forms an explosive mixture with air.
Acrylonitrile-butadiene-styrene (ABS) had the largest share of the AMS market and is likely to drive the market in the forecast period.
Alpha-methylstyrene (AMS) has many areas of application, such as Waxes, ABS, paints, and coatings, perfumes, antioxidants, adhesives, chemical intermediates, binding agents, cleaning products, etc. The major use of AMS is in the production of Acrylonitrile-butadiene-styrene (ABS). ABS is popular across industries all over the world due to its versatility. While butadiene provides toughness and strength, acrylonitrile adds thermal and chemical stability, and styrene adds a beautiful glossy finish. ABS also have high tensile strength and is resistant to physical strength and chemical corrosion. All these properties are encouraging the use of ABS and are driving the market.
Global Alpha-methylstyrene (AMS) Market: Regional insights
AMS market on a global level is divided into Asia-Pacific, North America, South America, Europe, and the Middle East. Europe is likely to lead the market in the forecast period due to heavy use of ABS in the automobile sector. North America, Asia-Pacific, and South America are likely to follow.
North America with high disposable income, sustained investment in the end-user industry, and constant demand for ABS, waxes, and adhesives, will witness the 2nd highest growth rate for the alpha-methylstyrene market.
Global Alpha-methylstyrene (AMS) Market: Competitive Landscape
The leading players for the global AMS 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, Parasol Chemicals Pvt. Ltd, The Plaza Group, Banner Chemicals Ltd, United Petrochemical Company, and others are expanding their presence in the market by implementing various business strategies. Major players are engaged in mergers and acquisitions, expansion of their manufacturing facilities, infrastructural growth, investment in R&D facilities, and the quest for opportunities to expand vertically through the value chain.
Don’t miss the business opportunity of the Alpha-methylstyrene (AMS) market. Consult our analyst, gain crucial insights, and facilitate your business growth.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Alpha-methylstyrene (AMS) marketsize & forecast. The report promises to provide recent technology trends of the Alpha-methylstyrene (AMS) marketand industry insights that help decision-makers to make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
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