The Alpha-methylstyrene Market is Predict to reach USD 608.5 Million by 2031, at a CAGR of 3%

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Alpha-methylstyrene Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Alpha-methylstyrene Market size is expected to reach $608.5 million by 2031, rising at a market growth of 3.0% CAGR during the forecast period. In the year 2023, the market attained a volume of 2691.6 hundred tonnes, experiencing a growth of 14.6% (2020-2023).

Another innovative trend is the utilization of AMS in developing high-performance materials with enhanced properties, such as flame retardancy, chemical resistance, and mechanical strength. Manufacturers can tailor material properties by incorporating AMS into polymer formulations and specialty chemicals to meet specific performance requirements for diverse applications, ranging from electronics and automotive to aerospace and construction. By incorporating AMS into polymers such as polyethylene (PE), polypropylene (PP), and polystyrene (PS), manufacturers can improve the flame retardancy of plastics used in various applications, including electronics, construction materials, and automotive components.

Alpha-methylstyrene Market Size - By Region

The >99.5% segment is leading the Global Alpha-methylstyrene Market by Purity in 2023 thereby, achieving a market value of $406.8 million by 2031. Industries such as electronics, pharmaceuticals, and specialty chemicals often demand AMS with purity levels exceeding 99.5% to meet stringent quality and performance requirements. High-purity AMS ensures minimal impurities and contaminants, which is essential for critical applications where even minor variations in composition can have significant implications on product performance, reliability, and safety. Thus, these factors can help in the growth of the alpha-methylstyrene market.

The Electronics segment is anticipated to have a CAGR of 2.7% during (2024 - 2031). Alpha-methylstyrene produces dielectric materials and insulation components for electronic devices and electrical systems. With the growing electronics sector, there will be increased demand in the segment. As per Invest India, the nation's electronics production will be $300 Bn by FY26. The domestic production of electronics is valued at $101 Bn in FY23 and is segmented (based on FY22 data) as Mobile Phones (43%), IT Hardware (5%), and Consumer Electronics (12%). Therefore, these factors will pose lucrative growth prospects for the segment.

Full Report: https://www.kbvresearch.com/alpha-methylstyrene-market/

The Asia Pacific region dominated the Global Alpha-methylstyrene Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $246,573.2 Thousands by 2031. The North America region is experiencing a CAGR of 2.5% during (2024 - 2031). Additionally, The Europe region would witness a CAGR of 2.7% during (2024 - 2031).

List of Key Companies Profiled

AdvanSix Inc.
Mitsui Chemicals, Inc.
Cepsa Química, S.A. (Cepsa)
Domo Chemicals GmbH
INEOS Group Holdings S.A
Kraton Corporation
Kumho P&B Chemicals., Inc (Kumho Petrochemical Group)
Mitsubishi Chemical Holdings Corporation
Prasol Chemicals Ltd
Solvay SA

Alpha-methylstyrene Market Report Segmentation

By Purity (Volume, Hundred Tonnes, USD Million, 2020-2031)

>99.5%
95%-99%

By End-use (Volume, Hundred Tonnes, USD Million, 2020-2031)

Automotive
Electronics
Chemical Manufacturing
Personal Care & Cosmetics
Others

By Geography (Volume, Hundred Tonnes, USD Million, 2020-2031)

North America
- US
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA

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The Alpha-methylstyrene Market is Predict to reach USD 608.5 Million by 2031, at a CAGR of 3%

Special Offering :

Alpha-methylstyrene Market Growth, Trends and Report Highlights

List of Key Companies Profiled

Alpha-methylstyrene Market Report Segmentation

North America Alpha-methylstyrene Market Size | Share 2031

LAMEA Alpha-methylstyrene Market Size | Trends Report 2031

Europe Alpha-methylstyrene Market Size | Forecast to 2031

Asia Pacific Alpha-methylstyrene Market Size & Report 2031