The alpha-methylstyrene market is expected to be growing at a growth rate of 6% in the forecast period of 2021 to 2028. The alpha-methylstyrene market report analyses the growth, which is currently being growing due to the rising electronic or electrical appliances and automotive industries.
Alpha methyl styrene, which also identified as isopropenyl benzene is an inorganic compound and is an insoluble colorless liquid with an aromatic odor. Alpha methyl styrene is found as a by-product in the manufacturing of the cumene-phenol procedure. To get the high purity Alpha methyl styrene, it experiences purification by the nonstop distillation at reduced pressure to remove phenol, cumene, and other impurities. It is extensively utilized as a copolymer to synthesize variant monomers like benzene and acrylates. Alpha methyl styrene is widely utilized in the manufacture of the protective gears and various other automobile manufacturing applications. It is also utilized as an intermediate for the manufacture of the chemicals like acrylonitrile butadiene styrene.
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Factors such as the growing demand for the resins, additives utilizing alpha-methylstyrene and the
increasing demand for the acrylonitrile butadiene styrene (ABS) resins from the growing electronic or electrical appliances and automotive industries are expected to boost the growth of the alpha-methylstyrene market. Furthermore, the swift development in the manufacturing sector, the increase in the need for plasticizers, wax, coatings, and adhesives in the automotive industry and the rising acceptance for alpha methyl styrene are few factors anticipated to propel the growth of the alpha-methylstyrene market.
Moreover, the rise in the investments by the key manufacturers in order to improve the manufacturing procedure and the extensive range of applications of the alpha methyl-styrene in the variant industries are some other factors estimated to further cushion the growth of the alpha-methylstyrene market in the forecast period. However, the production of harmful wastes throughout the manufacturing of alpha-methylstyrene and the adverse reactions of the alpha methyl styrene. Also, the side effects on the human body and the dangerous gases released on burning alpha methyl styrene will further hinder the growth of the alpha-methylstyrene market in the timeline period. Additionally, the growing need for consumer goods from the developing markets and the continuous exploration activities of shale oil or tight oil will further provide advantageous opportunities for the growth of the alpha-methylstyrene market in the coming years. Despite that, the health and safety issues allied with the exposure to alpha-methylstyrene and its derivatives and the instability in the prices of the raw materials might further challenge the growth of the alpha-methylstyrene market in the near future.
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This alpha-methylstyrene market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on the alpha-methylstyrene market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Alpha-Methylstyrene Market Scope and Market Size
The alpha-methylstyrene market is segmented on the basis of application and purity. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
Based on the application, the alpha-methylstyrene market is segmented into abs, para-cumylphenol, adhesives and coatings, waxes, others. Others is further sub segmented into inks, tackifiers, perfumes, antioxidants, intermediates.
Based on the purity, the alpha-methylstyrene market is segmented into assay above 99.5% and between 95% to 99.5%.
Alpha-Methylstyrene Market Country Level Analysis
The alpha-methylstyrene market is analysed and market size, volume information is provided by country, application and purity as referenced above.
The countries covered in the alpha-methylstyrene market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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North America dominates the alpha-methylstyrene market because of the increasing need for the product in the production of waxes. Furthermore, the progressive research and development abilities and the wide utilization of the product in the production of the adhesives and coatings will further boost the growth of the alpha-methylstyrene market in the region during the forecast period. Asia Pacific is expected to observe significant amount of growth in the alpha-methylstyrene market because of the growing application of the product in plasticizers and automobiles which further anticipated to propel the demand in the region.
Global Alpha-Methylstyrene Market, By Application (ABS, Para-Cumylphenol, Adhesives and Coatings, Waxes, Others), Purity (Assay above 99.5% and Between 95% to 99.5%), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
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