The North America Alpha-methylstyrene Market would witness market growth of 2.5% CAGR during the forecast period (2024-2031). In the year 2020, the North America market's volume surged to 477.9 hundred tonnes, showcasing a growth of 14.2% (2020-2023).
Alpha-methylstyrene finds wide-ranging applications in the formulation of various personal care and cosmetic products, including fragrances, skincare formulations, hair care products, and nail care items. Its inclusion in fragrances adds depth and longevity to scents, enhancing their overall olfactory profile. Therefore, the U.S market utilized 31.9 hundred tonnes of Alpha-methylstyrene in personal care & cosmetics in 2023.
The US market dominated the North America Alpha-methylstyrene Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $127,235.6 Thousands by 2031. The Canada market is experiencing a CAGR of 2.8% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 3.5% during (2024 - 2031).
AMS is utilized to modify rubber compounds to improve their processing properties, mechanical performance, and durability. By incorporating AMS into rubber formulations, manufacturers can enhance rubber products' resilience, tear strength, and abrasion resistance, such as tires, conveyor belts, gaskets, and seals, making them suitable for demanding industrial and automotive applications.
Moreover, AMS is used as a precursor in the production of various aromatic chemicals, such as phenylacetone and acetophenone. These chemicals find applications as intermediates in the synthesis of pharmaceuticals, fragrances, and flavoring agents. These aromatic chemicals are building blocks for synthesizing various organic compounds in the pharmaceutical, fragrance, and food industries.
The expansion of the automotive industry in Mexico is anticipated to generate a greater need for ABS polymers and, consequently, alpha-methylstyrene. Producing alpha-methylstyrene locally in Mexico can optimize the supply chain for ABS production. Hence, the rising automotive sector in North America will assist in the growth of the regional alpha-methylstyrene market.
Free Valuable Insights: The Alpha-methylstyrene Market is Predict to reach USD 608.5 Million by 2031, at a CAGR of 3%
Based on Purity, the market is segmented into >99.5% and 95%-99%. Based on End-use, the market is segmented into Automotive, Electronics, Chemical Manufacturing, Personal Care & Cosmetics and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Purity (Volume, Hundred Tonnes, USD Million, 2020-2031)
By End-use (Volume, Hundred Tonnes, USD Million, 2020-2031)
By Country (Volume, Hundred Tonnes, USD Million, 2020-2031)
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