The alpha-methylstyrene market is projected to grow from USD 473 million in 2019 to USD 543 million by 2024, at a CAGR of 2.8% from 2019 to 2024. Increased demand for Acrylonitrile Butadiene Styrene (ABS), which uses alpha-methylstyrene, from various end-use industries such as automotive and electronic appliances is one of the key factors driving the growth of the alpha-methylstyrene market across the globe.
Alpha-methylstyrene is a colorless liquid, which is used as a co-monomer in a range of polymerization processes to improve the impact and heat resistance of ABS resins. It competes with styrene in several applications as it offers better stability and handling advantages than styrene. Alpha-methylstyrene can be copolymerized with monomers such as benzene, acrylates, divinylbenzene, acrylonitrile, butadiene, and styrene to form polymers.
Based on application, the alpha-methylstyrene market has been segmented into ABS, para-cumylphenol, adhesives & coatings, waxes, and others. The ABS segment is projected to grow at the highest CAGR from 2019 to 2024 in terms of both, value and volume. Alpha-methylstyrene is used in the production of ABS. It improves heat stability and impact resistance of ABS resins. These resins are widely used in the aerospace & defense, medical, and telecommunication industries. They are also used in the injection molding applications.
Alpha-methylstyrene is a colorless liquid, which is used as a co-monomer in a range of polymerization processes to improve the impact and heat resistance of ABS resins. It competes with styrene in several applications as it offers better stability and handling advantages than styrene. Alpha-methylstyrene can be copolymerized with monomers such as benzene, acrylates, divinylbenzene, acrylonitrile, butadiene, and styrene to form polymers.
Download PDF Brochure !Alpha-methylstyrene improves the heat distortion properties of ABS plastics, polystyrene, Methyl Methacrylate (MMA), Styrene Acrylonitrile Resin (SAN), etc. It copolymerizes with butadiene using emulsion technique to give a good quality synthetic rubber. Alpha-methylstyrene is used in the production of various end products such as perfumery chemicals, antioxidants, drying oils, lubricating oils, alkyd resins, modified phenol resins, etc. It is also used for the production of low molecular weight polymers, which form viscous liquids that are used in adhesives & coatings, waxes, and plasticizers.
Based on application, the alpha-methylstyrene market has been segmented into ABS, para-cumylphenol, adhesives & coatings, waxes, and others. The ABS segment is projected to grow at the highest CAGR from 2019 to 2024 in terms of both, value and volume. Alpha-methylstyrene is used in the production of ABS. It improves heat stability and impact resistance of ABS resins. These resins are widely used in the aerospace & defense, medical, and telecommunication industries. They are also used in the injection molding applications.
Speak To Analyst !Based on purity, the alpha-methylstyrene market has been segmented into assay above 99.5% and between 95% and 99.5%. The assay above 99.5% segment is projected to lead the market in terms of both, value and volume during the forecast period. Purity above 99.5% indicates that the chemical mixture contains over 99.5% of pure alpha-methylstyrene. Higher the purity level of alpha-methylstyrene, higher is the number of applications, wherein it can be used. Alpha-methylstyrene with purity above 99.5% is used as a heat stabilizer for ABS, as a solvent in the plastics industry, and as a pigment and paint adhesive agent in adhesives & coatings, waxes, and tackifiers. It is also used in the food and cosmetics industries. Alpha-methylstyrene is used as an antioxidant, a modified polyester, and an alkyd resin. The global industrial standard for the purity of alpha-methylstyrene is 98.5%. Most of the manufacturers of alpha-methylstyrene across the globe produce alpha-methylstyrene having a purity level of 98.5% and above.
GET 10% FREE CUSTOMISATION ON THIS REPORT !Asia Pacific, North America, and Europe are significant regional markets for alpha-methylstyrene. The increasing demand for ABS from the automotive and electronics appliances end-use industries, among others has led to the growth of the alpha-methylstyrene market across the globe. Various leading manufacturers of alpha-methylstyrene have adopted the strategies of expansions, new product developments, acquisitions, and joint ventures to cater to the increased demand for alpha-methylstyrene from various end-use industries.
