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.

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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

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.

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