CHICAGO, May 8, 2019 /PRNewswire/ --According to the new market research report "Alpha-Methylstyrene Market by Application(ABS, Para-Cumylphenol, Adhesives & Coatings, Waxes), Purity(Assay above 99.5% and Between 95% to 99.5%), Region(Asia Pacific, Europe, North America, Middle East & Africa, South America) - Global Forecast to 2024", published by MarketsandMarkets™, the Alpha-Methylstyrene Market is projected to grow from USD 473 million in 2019 to USD 543 million by 2024, at a CAGR of 2.8% from 2019 to 2024. Increased demand for Acrylonitrile Butadiene Styrene (ABS), which uses alpha-methylstyrene, from various end-use industries such as automotive and electronic appliances is one of the key factors driving the growth of the alpha-methylstyrene market across the globe.
Download PDF Brochure:
Browse in-depth TOC on "Alpha-Methylstyrene Market"
97 – Market Data Tables
44 – Figures
144 – Pages
View detailed Table of Content here:
The ABS segment is projected to lead the alpha-methylstyrene market in terms of both, value and volume during the forecast period.
Based on application, the ABS segment of the alpha-methylstyrene market is projected to grow at the highest CAGR from 2019 to 2024, in terms of both, value and volume. Alpha-methylstyrene is primarily used in the production of ABS as it improves the heat stability and impact resistance of ABS resins. Increased demand for ABS resins from various end-use industries such as automotive and electronic appliances is driving the growth of the ABS segment of the alpha-methylstyrene market, worldwide.
The assay above 99.5% segment is projected to lead the alpha-methylstyrene market in terms of both, value and volume from 2019 to 2024.
Based on purity, the assay above 99.5% segment of the alpha-methylstyrene market is projected to grow at a higher CAGR than the between 95% to 99.5% segment during the forecast period in terms of both, value and volume. Purity above 99.5% indicates that the chemical mixture contains over 99.5% of pure alpha-methylstyrene. Higher the purity level of alpha-methylstyrene, higher is the number of applications, wherein it can be used. Alpha-methylstyrene with purity above 99.5% is used as a heat stabilizer for ABS, as a solvent in the plastics industry, and as a pigment and paint adhesive agent in adhesives & coatings, waxes, and tackifiers. It is also used in the food and cosmetics industries. Alpha-methylstyrene is used as an antioxidant, a modified polyester, and an alkyd resin. The global industrial standard for the purity of alpha-methylstyrene is 98.5%. Most of the manufacturers of alpha-methylstyrene across the globe produce alpha-methylstyrene having a purity level of 98.5% and above.
Request Sample Pages:
The alpha-methylstyrene market in Asia Pacific is projected to grow at the highest CAGR in terms of both, value and volume during the forecast period.
The Alpha-Methylstyrene Market in Asia Pacific is projected to grow at the highest CAGR in terms of both, value and volume from 2019 to 2024. China, India, Japan, and South Korea are key countries contributing to the increased demand for alpha-methylstyrene in this region. Innovations in production techniques of electronic appliances, rise in population, and increase in the income of the middle class population of the region, have resulted in increased demand for consumer durables and automobiles in Asia Pacific, thereby contributing to the growth of the alpha-methylstyrene market in this region.
INEOS Group Holding S.A. (Switzerland), AdvanSix (US), Rosneft (Russia), Altivia Corp. (US), SI Group Inc. (US), DOMO Chemicals (Belgium), Kumho P&B Chemicals (South Korea), Taiwan Prosperity Chemical Corp. (Taiwan), Yangzhou Lida Chemicals (China), Mitsubishi Chemical Corporation (Japan), Solvay SA (Belgium), and Mitsui Chemicals, Inc. (Japan) are some of the leading players operating in the alpha-methylstyrene market.
Get 10% Free Customization on this Report:
Browse Adjacent Markets: Resins and Polymers Market Research Reports & Consulting
Related Reports :
Styrenics Market by Polystyrene (Expanded, GPPS), Acrylonitrile Butadiene Styrene, SBR, UPR–Global Trends & Forecasts to 2018
Butadiene Market by Application and Geography–Trends and Forecasts to 2018
Phenol Derivatives Market by Derivatives (Bisphenol Derivatives-A, Phenolic Resins, Caprolactam, Alkylphenol, Other Derivatives), Region–Global Forecast to 2026
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Shelly Singh
630 Dundee Road
Northbrook, IL 60062
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/alpha-methylstyrene-market.asp
Visit Our Website: https://www.marketsandmarkets.com