알파-메틸스티렌 시장 예측(-2030년) : 순도, 용도, 최종사용자, 지역별 세계 분석

According to Stratistics MRC, the Global Alpha-Methylstyrene Market is accounted for $570.6 million in 2023 and is expected to reach $792.2 million by 2030 growing at a CAGR of 4.8% during the forecast period. Alpha-Methylstyrene (AMS) is a colorless liquid aromatic compound with a distinctive odour, primarily used as a monomer in the production of plastics, resins, and specialty chemicals. Its polymerization produces poly-alpha-methylstyrene (PAMS), utilized in various applications including adhesives, coatings, and packaging materials. AMS exhibits thermal stability, chemical resistance, and compatibility with other monomers, making it valuable in polymer synthesis, it serves as a precursor in the manufacture of styrene-based copolymers and resins.

According to the Organization Internationale des Constructeurs d'Automobiles (OICA), global automotive vehicle production reached 85.01 million in 2022, with a growth rate of 6% as compared to 80.20 million vehicles manufactured in 2021, thereby indicating an increased demand for alpha methyl styrene from the automotive industry.

Market Dynamics:

Driver:

Flourishing electronics industry

The electronics industry's growth can also indirectly impact the AMS market through increased demand for other chemicals and materials used in electronics manufacturing. For instance, Alpha-Methylstyrene is used in the production of acrylonitrile butadiene styrene (ABS) resins, which are utilized in electronics for their high impact resistance and toughness. The increased demand for ABS resins in electronics can lead to higher demand for Alpha-Methylstyrene. Further manufacturers may need to ensure a stable and reliable supply of AMS to meet the requirements of electronics manufacturers, leading to potential investments in production capacity and supply chain optimization.

Restraint:

Environmental concerns and regulations

Rapid changes in environmental regulations or emerging concerns about the environmental impact of AMS can create market uncertainty for manufacturers, investors, and customers. Uncertainty about future regulatory requirements can deter investment in AMS production capacity and discourage long-term planning, leading to market volatility and instability. If AMS production processes or products fail to meet environmental standards in export markets, it can lead to trade restrictions, tariffs, or non-tariff barriers, hindering market access and competitiveness.

Opportunity:

Growth in construction and packaging

Alpha-Methylstyrene is utilized in the production of resins such as acrylonitrile butadiene styrene (ABS) and styrene-acrylonitrile (SAN), which are commonly used in packaging applications due to their excellent mechanical properties, impact resistance, and versatility. Further alpha-methylstyrene finds applications in polymer-based construction materials like adhesives, sealants, and coatings, contributing to the overall demand growth. The expansion of the packaging industry, driven by e-commerce, food delivery services, and consumer goods, boosts the demand for AMS-based resins.

Threat:

Price volatility of raw materials

Sharp fluctuations in raw material prices can disrupt the supply chain for Alpha-Methylstyrene, leading to inventory management challenges, production delays, and supply shortages. Dependence on volatile raw material markets can expose AMS manufacturers to risks associated with supply chain disruptions, geopolitical events, natural disasters, and other external factors beyond their control.

Covid-19 Impact

Lockdown measures and economic slowdowns led to reduced industrial activities, affecting AMS consumption in sectors like plastics, adhesives, and coatings. Disruptions in logistics and transportation hindered raw material availability and product distribution, impacting market operations. However, AMS's applications in essential industries such as healthcare and packaging provided some resilience Recovery efforts, vaccine distribution, and economic stimulus packages are expected to gradually restore market stability, albeit with lingering uncertainties about future demand patterns.

The above 99.5% segment is expected to be the largest during the forecast period

The above 99.5% segment is estimated to have a lucrative growth, as AMS with purity above 99.5% is used as a heat stabilizer for acrylonitrile butadiene styrene (ABS), as a solvent in the plastics industry, and in other applications such as adhesives and coatings. The increasing demand for high-purity AMS in these industries is a key factor contributing to the growth of this segment. AMS with high purity is also used as a solvent in the plastics industry and as a dye and paint adhesive agent in adhesives, coatings, waxes, and tackifiers.

The electronics segment is expected to have the highest CAGR during the forecast period

The electronics segment is anticipated to witness the highest CAGR growth during the forecast period, due to its crucial role in the production of acrylonitrile butadiene styrene (ABS) resins, which find extensive applications in electronic appliances and consumer electronic devices. The increasing demand for consumer electronics such as smartphones, laptops, and home appliances has propelled the need for ABS resins, thereby driving the demand for AMS. The thickening of the electronics industry, coupled with the surging demand for consumer goods from developing economies, acts like an opportunity for the market growth.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to the China is a hub for chemical processing, accounting for a major chunk of global chemicals. Following Russia and Ukraine war, the chemical industry experienced a year marked by further bottlenecks in global supply chains already strained by rising energy and raw material costs, pandemic, economic uncertainty, and political turmoil in 2022. Continuing on the tumultuous grounds, China is expected to register a slightly weaker growth of 5.9% in chemical production in 2023, as per the BASF's chemical industry outlook. However, the increasing investments in the construction of new chemical plants support the demand for AMS in the mid-term.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, owing to increasing use of AMS in these sectors, particularly in the production of ABS resins, contributes to the growth of the industry. Additionally rising government investments and initiatives further boost the demand for AMS in North America alpha-methylstyrene market. It is primarily driven by its use in the production of acrylonitrile-butadiene-styrene (ABS) resins, which find extensive applications in the automotive and electronic appliances industries.

Key players in the market

Some of the key players in the Alpha-Methylstyrene Market include AdvanSix, Altivia, Chang Chun Group, Cepsa, Domo Chemicals, Deepak, INEOS, Eni S.P.A., Kraton Corporation, Mitsubishi Chemical Corporation, Kumho P&B Chemicals.,inc., Prasol Chemicals Limited, Seqens, Rosneft, Solvay, SI Group, Inc. and Yangzhou Lida Chemical Co., Ltd.

Key Developments:

In April 2024, AdvanSix Achieves ISCC PLUS Certification Advancing Sustainable Manufacturing Across Its Value Chain. This approach tracks AdvanSix's use of recycled materials at its sites to support the transition to circular economy principles - reduce, reuse and recycle.

In March 2024, Launch of "GOBIK Aqueous Suspension Syringes", Pertussis, Diphtheria, Tetanus, Inactivated Polio and Hib Combined Vaccine. It is expected that the use of GOBIK will reduce the number of shots of routine vaccinations and the burden on infants and guardians.

In June 2023, AdvanSix Introduces New 100% Post-Consumer Recycled Content Nylon. They offer the same excellent physical and mechanical properties as conventional nylon products.

Purities Covered:

• Above 99.5%
• Between 95% and 99.5%

Applications Covered:

• Para-Cumylphenol
• Acrylonitrile Butadiene Styrene (ABS) Resin
• Adhesives & Coatings
• Waxes
• Chemical Intermediate
• Other Applications

End Users Covered:

• Automotive
• Tire
• Electronics
• Plastics
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Application Analysis
• 3.7 End User Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Alpha-Methylstyrene Market, By Purity

• 5.1 Introduction
• 5.2 Above 99.5%
• 5.3 Between 95% and 99.5%

6 Global Alpha-Methylstyrene Market, By Application

• 6.1 Introduction
• 6.2 Para-Cumylphenol
• 6.3 Acrylonitrile Butadiene Styrene (ABS) Resin
• 6.4 Adhesives & Coatings
• 6.5 Waxes
• 6.6 Chemical Intermediate
• 6.7 Other Applications

7 Global Alpha-Methylstyrene Market, By End User

• 7.1 Introduction
• 7.2 Automotive
• 7.3 Tire
• 7.4 Electronics
• 7.5 Plastics
• 7.6 Other End Users

8 Global Alpha-Methylstyrene Market, By Geography

• 8.1 Introduction
• 8.2 North America
  • 8.2.1 US
  • 8.2.2 Canada
  • 8.2.3 Mexico
• 8.3 Europe
  • 8.3.1 Germany
  • 8.3.2 UK
  • 8.3.3 Italy
  • 8.3.4 France
  • 8.3.5 Spain
  • 8.3.6 Rest of Europe
• 8.4 Asia Pacific
  • 8.4.1 Japan
  • 8.4.2 China
  • 8.4.3 India
  • 8.4.4 Australia
  • 8.4.5 New Zealand
  • 8.4.6 South Korea
  • 8.4.7 Rest of Asia Pacific
• 8.5 South America
  • 8.5.1 Argentina
  • 8.5.2 Brazil
  • 8.5.3 Chile
  • 8.5.4 Rest of South America
• 8.6 Middle East & Africa
  • 8.6.1 Saudi Arabia
  • 8.6.2 UAE
  • 8.6.3 Qatar
  • 8.6.4 South Africa
  • 8.6.5 Rest of Middle East & Africa

9 Key Developments

• 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 9.2 Acquisitions & Mergers
• 9.3 New Product Launch
• 9.4 Expansions
• 9.5 Other Key Strategies

10 Company Profiling

• 10.1 AdvanSix
• 10.2 Altivia
• 10.3 Chang Chun Group
• 10.4 Cepsa
• 10.5 Domo Chemicals
• 10.6 Deepak
• 10.7 INEOS
• 10.8 Eni S.P.A.
• 10.9 Kraton Corporation
• 10.10 Mitsubishi Chemical Corporation
• 10.11 Kumho P&B Chemicals.,inc.
• 10.12 Prasol Chemicals Limited
• 10.13 Seqens
• 10.14 Rosneft
• 10.15 Solvay
• 10.16 SI Group, Inc.
• 10.17 Yangzhou Lida Chemical Co., Ltd.