Global industry analysis
The Alpha Methyl Styrene market is one of the fastest-growing markets in the world today. Due to its enormous potential for further growth and development, it has attracted large-scale investments from numerous global companies and investors.
The chemical formula for alpha-methylstyrene (CAS # 98-83-0) is C6H5C(CH3)CH2. Also called isopropenylbenzene. This chemical molecule is clear, colorless, and has a strong odor. This substance is formed by the partial oxidation of cumene and is a by-product of the cumene-phenol process that converts benzene to phenol and acetone.
Alpha-methylstyrene production capacity and total phenol production capacity are very closely linked worldwide. Alpha-methylstyrene is used in many forms in many industries including plastics, adhesives and chemicals. Alpha-methyl styrene is used in the plastics industry to make resins such as ABS or acrylonitrile butadiene styrene.
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When used to make ABS resin, Alpha-methyl styrene imparts a relatively high thermal stability to the resin and therefore a relatively high impact strength compared to that obtained using styrene. Alpha-methylstyrene is also used as a plastic additive. Alpha-methylstyrene is also used in the production of lubricants, perfumes, and plasticizers.
Alpha-Methylstyrene Market: Drivers and Restraints
The global alpha-methylstyrene market is expected to register steady single-digit growth over the forecast period. The increase in alpha-methylstyrene consumption is expected to be primarily driven by growing demand from emerging economies such as China and India.
Alpha-methyl styrene is predominantly used in the manufacture of ABS resins as increasing demand from end-use industries is expected to drive the growth of the global alpha-methyl styrene market during the forecast period.
Additionally, increasing demand from the chemical industry that uses alpha-methylstyrene as an intermediate is expected to propel the growth of the global alpha-methylstyrene market over the forecast period. However, relatively weak economic growth in major markets worldwide during the forecast period is expected to hamper the growth of the global alpha-methylstyrene market over the same period.
Alpha-Methylstyrene Market: Segmentation
Based on application of alpha-methyl styrene, the global alpha-methyl styrene market can be segmented into the following major market segments:
Among the above application-based segments, the ABS manufacturing segment is expected to account for a prominent share of the total alpha-methylstyrene market size during the forecast period.
Alpha-Methylstyrene Market: Regional Outlook
On the basis of geography, the global alpha-methylstyrene market is segmented into seven major market segments: North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan, and Middle East & Africa. Of these, Asia Pacific accounted for a significant portion of total alpha-methylstyrene consumption worldwide in 2014. The APAC region is expected to witness a steady increase in consumption over the forecast period.
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Alpha-Methylstyrene Market: Key Players
Some of the key players in the global Alpha Methyl Styrene market include:
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Regional analysis includes:
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