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Alpha Methyl-Styrene Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

A07366
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Sep 2020 | 40 Views
 
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Alpha Methyl-Styrene Market Analysis 2020-2027:

Alpha methyl Styrene is an inorganic colorless liquid with a distinctive odor. It is also known as Isopropyl benzene. Alpha methyl styrene is produced as a byproduct during the cumene oxidation reaction during the manufacturing of phenol. It is used as an intermediate in the production of various resins such as acrylonitrile butadiene styrene, plasticizers and polymers, and is also used as adhesives in different industries. 

 

Market scope and structure analysis:

                          Report Metric

                                                  Details

  Market size available for years

  2019–2027

  Base year considered

  2019

  Forecast period

  2020–2027

  Forecast units

  Value (USD)

  Segments covered

  Purity, Application, Industry Vertical, and Region

  Geographies covered

North America (U.S. and Canada), Europe (Germany, UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM) and The Middle East and Africa (Saudi Arabia, UAE, Kuwait, South Africa, and Rest of MEA)

  Companies covered

Major players analyzed include Solvay SA, Rosneft, AdvanSix Inc., Cepsa, INEOS Group Holdings S.A., Kumho Petrochemical Co. Ltd., Mitsubishi Chemical Holdings Corporation, Mitsui Chemicals Inc., Versalis SPA, and Taiwan Prosperity Chemical Corp.

 

COVID-19 scenario analysis:

  • The outbreak of the COVID-19 pandemic has severely affected the global alpha methyl-styrene market to a great extent
  • The automobile industry is one of the sectors that have been the most severely affected by the pandemic. Thus, being a major end-user industry, it has thereby affected the alpha methyl-styrene market to a great extent.

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

The rapid growth in the manufacturing sector and the wide range of applications of alpha methyl-styrene in different industries have played an important role in the growth of the global alpha-methyl styrene market. Alpha methyl styrene is extensively used in the production of protective gears and several other automobile manufacturing applications. It is also used as an intermediate for the production of chemicals such as acrylonitrile butadiene styrene, which is widely used in the automobile and electronics industries. Alpha methyl styrene is also used in the manufacture of plastic additive, adhesives, plasticizers and others, owing to its superior heat and impact resistance.

However, alpha methyl styrene does not react well with strong oxidizing agents like copper and mercury. In addition, its toxic effects on the human body and the hazardous gases emitted on burning alpha methyl styrene are expected to act as restraining factors for the market.

The Asia-Pacific region holds the largest share in the alpha methyl-styrene market catering to the rapid growth in the automotive and chemical industries. The market in the North America region is also anticipated to grow at a significant pace with the rapid developments in industries in the emerging economies like India and China. 

Key segments covered:

                       Segments

                             Sub-segments

  Purity

  • Above 99.5%
  • Between 95% to 99.5%

  Application

  • Acrylonitrile Butadiene Styrene
  • Para-cumylphenol
  • Chemical Intermediate
  • Others

  Industry Vertical

  • Chemical
  • Automotive
  • Paints & Coatings
  • Others

 

 

 

Key benefits of the report:

  • This study presents the analytical depiction of the global alpha methyl-styrene industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global alpha methyl-styrene market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global alpha methyl-styrene market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed global alpha methyl-styrene market analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the alpha methyl-styrene market research report:

  • Who are the leading market players active in the alpha methyl-styrene market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
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