Global Alpha-Methylstyrene Market Latest Report With Forecast 2019–2026 | SI Group, Inc.; KUMHO PETROCHEMICAL; AdvanSix; Versalis

Market Definition: Global Alpha-Methylstyrene Market 

Alpha-methylstyrene is a colourless liquid chemical which is manufactured as a by-product of the phenol-acetone production process. It is less dense than water and is insoluble with an aromatic fragrance. It is a highly flammable liquid with a burning point at 115°F, and finds its use as an intermediary for the manufacturing of other chemical products.

Market Analysis: Global Alpha-Methylstyrene Market 

Global alpha-methylstyrene market is expected to rise to an estimated value of USD 563.80 million by 2026, registering a steady CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the growth in demand for the consumer goods which are one of the major uses of alpha-methylstyrene along with its growing applications in the automotive industry.
 
Market Drivers:
  • High levels of growth for the product due to its several applications in the manufacturing of other chemicals especially from the developing region; this factor is expected to drive the growth of the market
  • Increasing demand of acrylonitrile butadiene styrene (ABS) resins due to the growth of the electronics & automotive industry; this factor is expected to drive the growth of the market
  • Increasing investments undertaken by the manufacturers to improve the manufacturing process is expected to positively affect the growth of the market
Market Restraints:
  • Generation of toxic substances during the production and flammable nature of these products, burning of which causes release of greenhouse gases; this factor is expected to restrain the growth of the market
  • Concerns regarding its compatibility with oxidizing agents; this factor is expected to restrain the growth of the market
  • Vulnerable and fluctuating nature of raw materials prices is expected to restrain the growth of the market

Competitive Analysis: Global Alpha-Methylstyrene Market 

Global alpha-methylstyrene market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of alpha-methylstyrene market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Market Competitors: Global Alpha-Methylstyrene Market 

Few of the major competitors currently working in the global alpha-methylstyrene market are SI Group, Inc.; KUMHO PETROCHEMICAL; AdvanSix; Versalis; Group of Companies «Titan»; INEOS; Mitsubishi Chemical Holdings Corporation; Mitsui Chemicals, Inc.; SEQENS SAS; Altivia; The Plaza Group; ROSNEFT; Solvay; TPCC; DOMO Chemicals GmbH; Cepsa; Yangzhou Lida Chemical Co.,Ltd.; Prasol Chemicals Pvt. Ltd.; Honeywell International Inc; Sunoco; Merck KGaA; Banner Chemicals Limited and Westlake Chemical Corporation.
Key Developments in the Market:
  • In January 2019, Mitsui Chemicals, Inc. announced that they will initiate the production of alpha-methylstyrene at the facility of their subsidiary present in Singapore, Mitsui Phenols Singapore Pte. Ltd. This step will provide for better supply chain system as the demand for alpha-methylstyrene is increasing amid growth of the economies.
  • In August 2016, Westlake Chemical Corporation announced that they had completed the acquisition of Axiall Corporation. This acquisition will establish Westlake Chemical Corporation as a leader of several chemical products & services in the North America region, and also positively affect the revenues of their organisation by expanding the product portfolios of the combined organisation.

Research Methodology: Global Alpha-Methylstyrene Market 

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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