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Alpha-Methylstyrene Market Trends

Report ID: GMI5982
Published Date: Jun 2023
Report Format: PDF

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Alpha-Methylstyrene Market Trends

There is an increasing demand for specialty polymers, such as ABS (acrylonitrile butadiene styrene) and SAN (styrene acrylonitrile), which extensively use Alpha-Methylstyrene as a co-monomer. These specialty polymers find applications in various industries like automotive, electronics, and consumer goods, driving the demand for Alpha-Methylstyrene. Alpha-Methylstyrene is widely used in the production of adhesives and sealants due to its excellent adhesive properties, chemical resistance, and low viscosity. The demand for Alpha-Methylstyrene in the adhesives and sealants sector is driven by applications in automotive assembly, construction, packaging, and other industries requiring strong bonding properties.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of alpha-methylstyrene reached USD 505.68 million in 2022 and is predicted to cross USD 692.90 million by 2032 driven by the expanding plastic and rubber industries worldwide.

The paints and coatings application segment held 22.9% of the market share in 2022 due to the rising need for high-quality and long-lasting coatings.

U.S. dominated the North America alpha-methylstyrene industry and reached USD 140 million in revenue in 2021 owing to the significant construction and infrastructure development, including residential, commercial, and industrial projects.

Some of the key alpha-methylstyrene market players include INEOS Group Holdings S.A., Chevron Phillips Chemical Company LLC, AdvanSix Inc., Mitsui Chemicals, Inc., and Kumho P&B Chemicals Inc.