Alpha-methylstyrene (AMS) Market

1. Alpha-Methylstyrene(AMS) Market, By Purity, Trend Analysis, Competitive Market Share & Forecast, 2020-2027

2. Alpha-methylstyrene (AMS) Market size- Industry Trends & Forecast Report 2027 A recent study conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that global alpha-methylstyrene (AMS) market was worth USD 426.3 million in the year 2020. According to the study, the market is estimated to grow at a CAGR of 3.0%, earning revenue of around USD 521.3 million by the end of 2027. The growth of the global alpha-methylstyrene (AMS) market is attributed to its increasing demand in end-user industries, such as waxes, paints and coatings, perfumes, antioxidants, chemical intermediates, etc. Construction activities are increasing at a rapid rate, especially in emerging economies for infrastructural development purposes.

3. Growth Drivers  Raising the rate of construction work in the Asia-Pacific region will drive the market. The rate of construction in the Asia-Pacific region is increasing rapidly due to urbanization in developing countries, the increasing presence of many automobile & oil and gas giants, the increasing rate of industrialization, and lenient government policies to attract investors. With increasing construction and industrialization, the demand for paints and coatings, waxes, chemical intermediates, and adhesives will go up. This will affect the alpha-methylstyrene (AMS) market positively and will drive the market growth rate.

4. Restraints  Health effects and the formation of carbon monoxide are likely to hamper the growth of the alpha-methylstyrene market.  Alpha-methyl styrene forms carbon monoxide and a high volume of smoke when burnt. Carbon monoxide, which is very dangerous for humans, but also increasing the volume of greenhouse gases in the atmosphere. It has poor UV resistance and poor bearing properties. (High friction and wear). When inhaled, AMS causes dizziness, breathlessness, lightheadedness, and, respiratory tract. It also irritates the skin, eyes, and throat. Long time skin contact can cause swelling, rashes, and blisters. Alpha-methylstyrene is also incompatible with strong oxidizing agents. It is highly flammable and forms an explosive mixture with air. All these hazards may hamper the growth of AMS in the forecast period.

5. Impact of COVID-19 in industry The global economy and humanity have been pushed into a crisis due to the COVID-19 pandemic. Due to the high infection rate and adverse impact on public health systems, various governments have enforced nationwide lockdowns significantly impacting manufacturing supply chains, trade, and related services. Players are currently considering digital solutions that would enable them to serve the community and provide new opportunities to do business. The production, manufacturing, supply chain, and other operations, have slowed down globally aimed to limit the spread of the coronavirus. The global impact of the coronavirus disease 2019 (COVID-19) is likely only beginning and it significantly affected the market in 2020.

6. Regional Insight The global market of Alpha-methylstyrene is divided into the Asia-Pacific region, North America, Europe, South America, and the Middle East. Asia-Pacific region is most likely to dominate Alpha-methylstyrene (AMS) market with China, and India leading the way. The regional market share is likely to grow in the forecast period with the increasing industrialization, investment from several automobile companies, raising rate of construction, and rapid urbanization rate. North America and Europe will also witness a healthy CAGR with the increasing demand for ABS. South America and the Middle East will have a moderate CAGR with the increasing use of ABS in kitchen equipment, urbanizing population, and increasing rate of construction work in developing countries.

7. Competitive landscape Alpha-methylstyrene (AMS) market is fragmented owing to the presence of number of companies that provides varied petroleum resin products. However, the companies that hold the majority share of Petroleum resin market are Altiva Corp., Cepsa, Mitsui Chemicals Inc, Ineos Phenol, AdvanSix, Rosneft, SI Group Inc, DOMO Chemicals, Kumho P&B Chemicals, Taiwan Prosperity Chemical Corp, Yangzhou Lida Chemicals, Mitsubishi Chemical Corporation, Solvay SA, Rhodia, Versalis SPA, Sunoco Chemicals, Prasol Chemicals Pvt. Ltd, The Plaza Group, Banner Chemicals Ltd, United Petrochemical Company and other prominent players. Sample copy : https://www.blueweaveconsulting.com/report/global-alpha-methylstyrene-(ams)-market/report-sample

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