Global Alpha-Methyl styrene 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-methyl styrene along with its growing applications in the automotive industry.

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Alpha-methyl styrene is a colorless 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.

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.

Competitive Analysis:

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.

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
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Segmentation: Global Anesthesia Monitoring Market

By Application (ABS Resin, Para-Cumylphenol, Adhesives & Coatings, Plasticizer, Chemical Intermediate, Finishing Agents, Waxes, Others)
By Purity (Assay Above 99.5%, Between 95%-99.5%)
By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
 Reasons to Purchase this Report

Current and future of global anesthesia monitoring market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
Regions/Countries that are expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players
Key Insights in the report:

Complete and distinct analysis of the market drivers and restraints
Key market players involved in this industry
Detailed analysis of the market segmentation
Competitive analysis of the key players involved
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