Alpha-Methylstyrene Market - Forecast(2023 - 2028)

Report Code: CMR 18594 Report Format: PDF + Excel

Alpha-Methylstyrene Market Overview

The alpha-methylstyrene market size is forecast to reach US$590.3 million by 2027 after growing at a CAGR of 2.6% during 2022-2027. Alpha-methylstyrene is a colorless liquid with an unpleasant odor obtained by the oxidation of cumene. This liquid is used primarily in the processing and production of acrylonitrile butadiene styrene plastics in the automobile and electronic industry. Alpha-methylstyrene adds impact and heat resistance to ABS plastics in several automotive parts such as interior trims, battery housings, and hubcaps. The automotive industry is exhibiting robust growth globally with increasing production and sales of vehicles and this is anticipated to drive the growth of the market during the forecast period. For instance, according to the October 2021 stats by the European Automobile Manufacturers Association, the battery electric vehicle segment accounted for 9.8% market share in the third quarter of 2021 compared to 4.9% in the same quarter of 2020. The electronics sector has been one of the important markets for alpha-methylstyrene where this substance is used in the housing of numerous electronic products such as coffee machines, irons, water heaters, computers, and multiple other household equipment. The electronic sector is on the rise with increasing demand for electronic products among consumers and this is projected to augment the market’s growth during the forecast period. For instance, as per the July 2021 report by China.org.cn, exports of consumer electronics witnessed a growth trajectory for 12 months in a row. Plasticizers and chemical intermediates application will drive the growth of the market significantly during the forecast period. The strict regulations regarding alpha-methylstyrene might affect the growth of the market during the forecast period.

COVID-19 Impact 

The alpha-methylstyrene market was badly affected due to the COVID-19 pandemic. The business in the market got hampered by the disruption in the supply chain and the idling of factories amid the pandemic. The market players implemented contingency plans to withstand the severity of the pandemic. Furthermore, the business was also affected due to the lower vehicle production during the pandemic. The market had decent growth towards the end of 2020. Going forward, the alpha-methylstyrene market is projected to robust growth owing to the booming automobile industry and massive demand for electronic products globally. 

Report Coverage 

The report: “Alpha-Methylstyrene Market Report - Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the Alpha-Methylstyrene Industry.

By Application: Acrylonitrile Butadiene Styrene, Chemical Intermediates, Rubbers, Adhesives, Para-Cumylphenol, Plasticizers, Lubricating Oils, Printing Ink, Tackifiers, Others.
By End Use Industry: Automotive, (Passenger Vehicle, Commercial Vehicle, (Light Commercial Vehicle, Heavy Commercial Vehicle)), Electronics, Chemical, Personal Care, Construction (Residential, Commercial (Office, Hotels and Restaurants, Educational Institutes, and others)), Packaging, Textile, Others 
By Geography: North America (USA, Canada, Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, Rest of Asia Pacific), South America (Brazil, Argentina, Colombia and Rest of South America), and RoW (Middle East and Africa). 

Key Takeaways: 

  • The growth in the automotive industry is influencing the market’s growth. For instance, according to the report by the European Automobile Manufacturers Association, in July 2021, the passenger cars registrations jumped by +10.4% in the European Union compared to the registrations in June 2020. 
  • According to the Global Electric Market Outlook 2022 report by the German Electro and Digital Industry Association, in 2020, China witnessed decent growth in the electrical and electronics sector despite the pandemic which complemented the alpha-methylstyrene market growth. 
  • The Asia-Pacific region dominated the alpha-methylstyrene market in 2021, owing to the booming automotive industry in the region. According to the stats by India Brand Equity Foundation, the passenger vehicle segment recorded a growth of 28.39% as sales reached 279,745 units in March 2021 which was 2,17,879 units in March 2020. 

Figure: Asia Pacific Alpha-Methylstyrene Market Revenue, 2021-2027 (US$ Million)

Alpha-Methylstyrene Market

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Alpha-Methylstyrene Market Segment Analysis - By Application 

Acrylonitrile butadiene styrene dominated the alpha-methylstyrene market in 2021. The colourless liquid alpha-methylstyrene finds its massive use in the processing and production of ABS plastic to impart impact and heat resistance. These acrylonitrile butadiene styrene plastics are later used in the production of several components in the automotive and electronic industry. Accordingly, market players and research organizations are indulging in the higher uses of alpha-methylstyrene in the processing of acrylonitrile butadiene styrene. For instance, as per the April 2020 journal by Multidisciplinary Digital Publishing Institute, the successful synthesis of acrylonitrile butadiene styrene resin was done with the help of alpha-methylstyrene. Such growing use of alpha-methylstyrene in the processing and production of acrylonitrile butadiene styrene is expected to increase the demand for alpha-methylstyrene, thereby contributing to the growth of the market during the forecast period. 

Alpha-Methylstyrene Market Segment Analysis - By End Use 

The automotive industry dominated the alpha-methylstyrene market in 2021 and is growing at a CAGR of 3.3% during the forecast period. A large quantity of alpha-methylstyrene is used in the production of acrylonitrile butadiene styrene plastic in the automotive industry which is later utilized in several vehicle components and parts such as interior trims, exterior frames, and battery housings. The automotive industry globally is displaying tremendous growth with the rising vehicle production and sales and this is expected to further expand the market’s growth during the forecast period. For instance, according to the 2021 data by European Automobile Manufacturers Association, passenger car registrations in May 2021 grew by 53.4% in the European Union compared to the same period in the previous year. Similarly, according to the statistics by the China Association of Automobile Manufacturers, the annual sales volume of new energy vehicles in China is projected to reach 3 million units by 2025 which was at 1.2 million units in 2019. Such massive growth in the automotive sector globally is anticipated to stimulate the higher requirement of alpha-methylstyrene for the production of high heat resistant acrylonitrile butadiene styrene plastic for use in vehicle parts, driving the growth of the market during the forecast period. 

Alpha-Methylstyrene Market Segment Analysis - By Geography 

The Asia-Pacific region held the largest share in the alpha-methylstyrene market in 2021, up to 44%. The high demand for alpha-methylstyrene is attributed to the booming automotive industry in the region. Alpha-methylstyrene is used in the region’s automotive sector for the production of heat resistant acrylonitrile butadiene styrene plastics which are later used in manufacturing several automotive components such as interior trims, hubcaps, and exterior frames. The automotive industry in the region is exhibiting outstanding growth in the region and this is anticipated to bolster the demand for alpha-methylstyrene during the forecast period. For instance, as per the stats by the China Association of Automobile Manufacturers, production of Chinese commercial vehicles clocked 310000 units in September 2021, rising 35.5% month on month. Similarly, according to the stats by India Brand Equity Foundation, in 2021, small and midsized cars dominated the passenger cars sales and the passenger vehicle segment is anticipated to be on a progressive track in the coming years. This massive growth in the region’s automotive sector is anticipated to increase the demand for alpha-methylstyrene during the forecast period. 

Alpha-Methylstyrene Market Drivers 

Expanding electronic sector will drive the market’s growth 

The colourless liquid alpha-methylstyrene find its high uses in the electronics sector globally. Alpha-methylstyrene is utilized in the production of high-temperature resistance acrylonitrile butadiene styrene plastics in the electronics sector which is later utilized in the casing of several electronic products ranging from coffee machines to water heaters, and computers. The electronic sector is exhibiting tremendous growth in the world, in turn, this is anticipated to drive the growth of the market during the forecast period. For instance, as per the Global Electric Market Outlook 2022 report by the German Electro and Digital Industry Association, South Korea’s electronic market stood at a volume of USD 218.01 billion in 2020, picking up by 4%. Similarly, according to the September 2020 stats by the American Customer Satisfaction Index, PC demand in the US increased in the second quarter of 2020. This massive expansion in the electronics sector globally is projected to stimulate the demand for alpha-methylstyrene and this will influence the growth of the market during the forecast period. 

Booming automotive sector will drive the growth of the market 

Alpha-methylstyrene is used extensively in the automotive sector for the production of impact and heat-resistant acrylonitrile butadiene styrene plastics. These ABS plastics later find their uses in the manufacturing of numerous automotive components such as interior trims, exterior frames, battery housings, and hubcaps. The automotive industry is booming globally with increasing vehicle production and sales and this is projected to drive the growth of the market during the forecast period. For instance, according to the stats by India Brand Equity Foundation, passenger cars dominated the auto market in India with a market share of 12.9% of over 20.1 million vehicles in the fiscal year 2020. Similarly, according to the July 2021 stats by the European Automobile Manufacturers Association, in June 2021, passenger cars registrations in the European Union grew, with Germany witnessing maximum demand in the passenger car segment with a 24.5% rise. Such a massive boost in the automotive sector globally is expected to increase the demand for alpha-methylstyrene, in turn influencing the growth of the market during the forecast period. 

Alpha-Methylstyrene Market Challenges 

The strict regulations regarding alpha-methylstyrene might hamper the market’s growth 

The alpha-methylstyrene is a colourless liquid whose use is strictly regulated by several governing bodies and this might affect the growth of the market during the forecast period. The production and use of alpha-methylstyrene are monitored closely as too much exposure to this substance can lead to several health issues such as skin and eye irritation, and drowsiness. Owing to such adverse effects, many governing bodies have implemented multiple rules and regulations for the proper uses of alpha-methylstyrene. For instance, as per the data by the Centers for Disease Control and Prevention (CDC), the Occupational Safety and Health Administration (OSHA) has set a permissible exposure limit of C 100 ppm (480 mg/m3). Such strict regulations regarding the use of alpha-methylstyrene might affect the market’s growth during the forecast period. 

Global Alpha-Methylstyrene Industry Outlook 

Investment in R&D activities, acquisitions, product and technology launches are key strategies adopted by players in the alpha-methylstyrene market. Global Alpha-methylstyrene top 10 companies include: 

  1. INEOS Group Holding S.A
  2. AdvanSix
  3. Rosneft
  4. Altivia Corp
  5. Honeywell International Inc.
  6. DOMO Chemicals
  7. Kumho P&B Chemicals
  8. Taiwan Prosperity Chemical Corp
  9. Yangzhou Lida Chemicals
  10. Mitsubishi Chemical Corporation
  11. Others 

Recent Developments 

  • In March 2021, Honeywell announced that South-Korea based Lotte Chemical will use Honeywell UOP Q-Max, Evonik MSHP, and Phenol 3G technologies for the production of 565000 metric tonnes per annum of acetone and phenol. In this project, Honeywell will provide a phenol unit and a cumene unit with alpha-methylstyrene hydrogenation. 

Relevant Reports 

Report Code: CMR 0819 

Report Code: CMR 0404

Report Code: CMR 23653

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1. Alpha-Methylstyrene Market- Market Overview
    1.1 Definitions and Scope
2. Alpha-Methylstyrene Market- Executive Summary
    2.1 Key Trends by Application
    2.2 Key Trends by End Use Industry
    2.3 Key Trends by Geography
3. Alpha-Methylstyrene Market- Comparative analysis
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Alpha-Methylstyrene Market- Startup companies Scenario Premium Premium 
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Alpha-Methylstyrene Market– Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis - Major companies
6. Alpha-Methylstyrene Market- Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of substitutes
7. Alpha-Methylstyrene Market-Strategic analysis
    7.1 Value chain analysis
    7.2 Opportunities analysis
    7.3 Product/Market life cycle
    7.4 Distributors Analysis - Major Companies
8. Alpha-Methylstyrene Market Segment Analysis – By Application (Market Size -US$ Million, Billion)
    8.1 Acrylonitrile Butadiene Styrene
    8.2 Chemical Intermediates
    8.3 Rubbers
    8.4 Adhesives
    8.5 Para-Cumylphenol
    8.6 Plasticizers
    8.7 Lubricating Oils
    8.8 Printing Ink
    8.9 Tackifiers
    8.10 Others
9. Alpha-Methylstyrene Market Segment Analysis – By End Use (Market Size -US$ Million, Billion)
    9.1 Automotive
        9.1.1 Passenger Vehicle
        9.1.2 Commercial Vehicle
            9.1.2.1 Light Commercial Vehicle
            9.1.2.2 Heavy Commercial Vehicle
    9.2 Electronics
    9.3 Chemical
    9.4 Personal Care
    9.5 Construction
        9.5.1 Residential
        9.5.2 Commercial
            9.5.2.1 Office
            9.5.2.2 Hotels and Restaurants
            9.5.2.3 Educational Institutes
            9.5.2.4 Others
    9.6 Packaging
    9.7 Textile
    9.8 Others
10. Alpha-Methylstyrene Market Segment Analysis - By Geography (Market Size -US$ Million / Billion)
    10.1 North America
        10.1.1 USA
        10.1.2 Canada
        10.1.3 Mexico
    10.2 Europe
        10.2.1 UK
        10.2.2 Germany
        10.2.3 France
        10.2.4 Italy
        10.2.5 Netherlands
        10.2.6 Spain
        10.2.7 Russia
        10.2.8 Belgium
        10.2.9 Rest of Europe
    10.3 Asia Pacific
        10.3.1 China
        10.3.2 Japan
        10.3.3 India
        10.3.4 South Korea
        10.3.5 Australia and New Zealand
        10.3.6 Indonesia
        10.3.7 Taiwan
        10.3.8 Malaysia
        10.3.9 Rest of Asia Pacific
    10.4 South America
        10.4.1 Brazil
        10.4.2 Argentina
        10.4.3 Colombia
        10.4.4 Chile
        10.4.5 Rest of South America
    10.5 ROW
        10.5.1 Middle East
            10.5.1.1 Saudi Arabia
            10.5.1.2 UAE
            10.5.1.3 Israel
            10.5.1.4 Rest of Middle East
        10.5.2 Africa
            10.5.2.1 South Africa
            10.5.2.2 Nigeria
            10.5.2.3 Rest of Africa
11. Alpha-Methylstyrene Market-Entropy
    11.1 New Product Launches
    11.2 M&A’s, Collaborations, JVs and Partnerships
12. Alpha-Methylstyrene Market- Industry/Segment Competition Landscape Premium
    12.1 Company Benchmarking Matrix- Major Companies
    12.2 Market Share at Global Level- Major companies
    12.3 Market Share by Key Region- Major companies
    12.4 Market Share by Key Country- Major companies
    12.5 Market Share by Key Application - Major companies
    12.6 Market Share by Key Product Type/Product category- Major companies
13. Alpha-Methylstyrene Market- Key Company List by Country Premium Premium 
14. Alpha-Methylstyrene Market Company Analysis- Business Overview, Product Portfolio, Financials, and Developments
    14.1 Company 1
    14.2 Company 2
    14.3 Company 3
    14.4 Company 4
    14.5 Company 5
    14.6 Company 6
    14.7 Company 7
    14.8 Company 8
    14.9 Company 9
    14.10 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"

LIST OF TABLES

1.Global Alpha-Methylstyrene Market, By Purity Market 2019-2024 ($M)
1.1 Assay Above 99.5% Market 2019-2024 ($M) - Global Industry Research
1.1.1 Assay Above 99.5% Purity Segment Accounted for the Largest Share in the AMS Market Market 2019-2024 ($M)
1.2 Between 95% and 99.5% Market 2019-2024 ($M) - Global Industry Research
1.2.1 High Demand From the ABS, Styrene-Butadiene Rubber, and Adhesives is Expected to Drive the Between 95% to 99.5% Purity Segment Market 2019-2024 ($M)
2.Global Alpha-Methylstyrene Market, By Purity Market 2019-2024 (Volume/Units)
2.1 Assay Above 99.5% Market 2019-2024 (Volume/Units) - Global Industry Research
2.1.1 Assay Above 99.5% Purity Segment Accounted for the Largest Share in the AMS Market Market 2019-2024 (Volume/Units)
2.2 Between 95% and 99.5% Market 2019-2024 (Volume/Units) - Global Industry Research
2.2.1 High Demand From the ABS, Styrene-Butadiene Rubber, and Adhesives is Expected to Drive the Between 95% to 99.5% Purity Segment Market 2019-2024 (Volume/Units)
3.North America Alpha-Methylstyrene Market, By Purity Market 2019-2024 ($M)
3.1 Assay Above 99.5% Market 2019-2024 ($M) - Regional Industry Research
3.1.1 Assay Above 99.5% Purity Segment Accounted for the Largest Share in the AMS Market Market 2019-2024 ($M)
3.2 Between 95% and 99.5% Market 2019-2024 ($M) - Regional Industry Research
3.2.1 High Demand From the ABS, Styrene-Butadiene Rubber, and Adhesives is Expected to Drive the Between 95% to 99.5% Purity Segment Market 2019-2024 ($M)
4.South America Alpha-Methylstyrene Market, By Purity Market 2019-2024 ($M)
4.1 Assay Above 99.5% Market 2019-2024 ($M) - Regional Industry Research
4.1.1 Assay Above 99.5% Purity Segment Accounted for the Largest Share in the AMS Market Market 2019-2024 ($M)
4.2 Between 95% and 99.5% Market 2019-2024 ($M) - Regional Industry Research
4.2.1 High Demand From the ABS, Styrene-Butadiene Rubber, and Adhesives is Expected to Drive the Between 95% to 99.5% Purity Segment Market 2019-2024 ($M)
5.Europe Alpha-Methylstyrene Market, By Purity Market 2019-2024 ($M)
5.1 Assay Above 99.5% Market 2019-2024 ($M) - Regional Industry Research
5.1.1 Assay Above 99.5% Purity Segment Accounted for the Largest Share in the AMS Market Market 2019-2024 ($M)
5.2 Between 95% and 99.5% Market 2019-2024 ($M) - Regional Industry Research
5.2.1 High Demand From the ABS, Styrene-Butadiene Rubber, and Adhesives is Expected to Drive the Between 95% to 99.5% Purity Segment Market 2019-2024 ($M)
6.APAC Alpha-Methylstyrene Market, By Purity Market 2019-2024 ($M)
6.1 Assay Above 99.5% Market 2019-2024 ($M) - Regional Industry Research
6.1.1 Assay Above 99.5% Purity Segment Accounted for the Largest Share in the AMS Market Market 2019-2024 ($M)
6.2 Between 95% and 99.5% Market 2019-2024 ($M) - Regional Industry Research
6.2.1 High Demand From the ABS, Styrene-Butadiene Rubber, and Adhesives is Expected to Drive the Between 95% to 99.5% Purity Segment Market 2019-2024 ($M)
7.MENA Alpha-Methylstyrene Market, By Purity Market 2019-2024 ($M)
7.1 Assay Above 99.5% Market 2019-2024 ($M) - Regional Industry Research
7.1.1 Assay Above 99.5% Purity Segment Accounted for the Largest Share in the AMS Market Market 2019-2024 ($M)
7.2 Between 95% and 99.5% Market 2019-2024 ($M) - Regional Industry Research
7.2.1 High Demand From the ABS, Styrene-Butadiene Rubber, and Adhesives is Expected to Drive the Between 95% to 99.5% Purity Segment Market 2019-2024 ($M)

LIST OF FIGURES

1.US Alpha-Methylstyrene Market Revenue, 2019-2024 ($M)
2.Canada Alpha-Methylstyrene Market Revenue, 2019-2024 ($M)
3.Mexico Alpha-Methylstyrene Market Revenue, 2019-2024 ($M)
4.Brazil Alpha-Methylstyrene Market Revenue, 2019-2024 ($M)
5.Argentina Alpha-Methylstyrene Market Revenue, 2019-2024 ($M)
6.Peru Alpha-Methylstyrene Market Revenue, 2019-2024 ($M)
7.Colombia Alpha-Methylstyrene Market Revenue, 2019-2024 ($M)
8.Chile Alpha-Methylstyrene Market Revenue, 2019-2024 ($M)
9.Rest of South America Alpha-Methylstyrene Market Revenue, 2019-2024 ($M)
10.UK Alpha-Methylstyrene Market Revenue, 2019-2024 ($M)
11.Germany Alpha-Methylstyrene Market Revenue, 2019-2024 ($M)
12.France Alpha-Methylstyrene Market Revenue, 2019-2024 ($M)
13.Italy Alpha-Methylstyrene Market Revenue, 2019-2024 ($M)
14.Spain Alpha-Methylstyrene Market Revenue, 2019-2024 ($M)
15.Rest of Europe Alpha-Methylstyrene Market Revenue, 2019-2024 ($M)
16.China Alpha-Methylstyrene Market Revenue, 2019-2024 ($M)
17.India Alpha-Methylstyrene Market Revenue, 2019-2024 ($M)
18.Japan Alpha-Methylstyrene Market Revenue, 2019-2024 ($M)
19.South Korea Alpha-Methylstyrene Market Revenue, 2019-2024 ($M)
20.South Africa Alpha-Methylstyrene Market Revenue, 2019-2024 ($M)
21.North America Alpha-Methylstyrene By Application
22.South America Alpha-Methylstyrene By Application
23.Europe Alpha-Methylstyrene By Application
24.APAC Alpha-Methylstyrene By Application
25.MENA Alpha-Methylstyrene By Application
26.INEOS Group Holdings S.A., Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.AdvanSix Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Cepsa, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Rosneft, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Mitsubishi Chemical Holdings Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Solvay SA, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Mitsui Chemicals, Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Kumho Petrochemical Co., Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Versalis SPA, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Prosperity Chemical Corp., Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.The Plaza Group Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
37.Novapex, Sales /Revenue, 2015-2018 ($Mn/$Bn)
38.DOMO Chemicals, Sales /Revenue, 2015-2018 ($Mn/$Bn)
39.Omskiy Kauchuk, Sales /Revenue, 2015-2018 ($Mn/$Bn)
40.SI Group, Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
41.Prasol Chemicals Private Limited, Sales /Revenue, 2015-2018 ($Mn/$Bn)
42.Yangzhou Lida Chemical Co. Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)
43.Altivia Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)