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Global alpha-methylstyrene market is anticipated to grow at a CAGR of 7.4% during the forecast period (2024-2031). A significant driver behind the market's growth is the increasing need for polystyrene resin, a primary application of alpha-methylstyrene (AMS). Polystyrene resin finds extensive use across diverse sectors such as packaging, electronics, construction, and automotive due to its lightweight, durable, and adaptable characteristics. With these industries experiencing global expansion, particularly in emerging economies, there is a projected surge in demand for polystyrene resin, consequently propelling the requirement for alpha-methylstyrene as a crucial raw material. Moreover, alpha-methylstyrene plays a vital role in the production of specialty chemicals, resins, and adhesives, further augmenting its significance in various industrial applications.
Recent Developments
In April 2023, INEOS Phenol revealed its acquisition of Mitsui Phenol Singapore Ltd. for $330.0 million. This strategic acquisition encompasses Mitsui Phenol's production facility situated on Jurong Island in Singapore. The facility is notable for its annual production capacity of 20 kilotons of alpha methylstyrene, in addition to phenol, cumene, acetone, and bisphenol A. With this acquisition, INEOS aims to broaden its asset portfolio and enhance production capacity, positioning itself to better serve clients across Southeast Asian nations.
In April 2022, Kraton Corp. announced a significant investment in its alphamethyl styrene resins plant located in Niort, France. This investment is projected to yield a notable 15.0% increase in alpha-methylstyrene production capacity. Additionally, the initiative targets a substantial 70.0% reduction in solvent consumption within the production facility. This strategic investment underscores Kraton Corporation's commitment to innovation and operational efficiency, reinforcing its position as a key player in the alphamethyl styrene market.
To Request a Sample of our Report on Alpha-Methylstyrene Market: https://www.omrglobal.com/request-sample/alpha-methylstyrene-market
Market Coverage
- The market number available for – 2023-2031
- Base year- 2023
- Forecast period- 2024-2031
Segment Covered-
- By Purity
- By End-Use
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape- Mitsubishi Chemical Corp., Solvay, AdvanSix, Mitsui Chemicals, Inc., and INEOS AG, among others.
Alpha-Methylstyrene Market Report Segment
By Purity
- 95%-99%
- >99.5%
By End-Use
- Automotive
- Electronics
- Chemical Manufacturing
- Personal Care & Cosmetics
A full Report of Alpha-Methylstyrene Market is Available @ https://www.omrglobal.com/industry-reports/alpha-methylstyrene-market
Alpha-Methylstyrene Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- Altivia Corporation
- Cepsa
- Changzhou Qidi Chemical Co., Ltd.
- Deepak
- Domo Chemicals
- ENI S.P.A.
- INEOS Group Holdings S.A.
- Jinzhou Petrochemical Co, Ltd.
- Kraton Corporation
- Kumho P&B Chemicals
- Mitsui Chemicals, Inc.
- Prasol Chemicals Ltd.
- Rosneft
- Seqens
- SI Group, Inc.
- Taiwan Prosperity Chemical Corp. (TPCC)
- Yangzhou Lida Chemical Co., Ltd.
Reasons to buy from us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
- Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/alpha-methylstyrene-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
Article source: https://article-realm.com/article/Business/63496-Alpha-Methylstyrene-Market-is-Dazzling-Worldwide-and-Forecast-to-2031.html
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