Alpha-Methyl Styrene or α-Methylstyrene refers to a chemical intermediate that is increasingly being utilized in the production of polymers, resins, and plasticizers. This factor is likely to propel growth of the global alpha-methyl styrene market in the years to come. Alpha-Methyl Styrene comes colorless and in liquid form. It is also utilized as a co monomer in different processes of polymerisation so as to better the impact and heat resistance of products. It finds use as by-product in the process of phenol production of cumene oxidation.
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The growth of the global alpha-methyl styrene market is likely to be influenced by the growing demand of the product from the chemical industry. On the other hand, economic crisis that is plaguing the world due to Covid-19 is likely restrain the growth of the global alpha-methyl styrene market in the years to come.
Increased Demand from Automotive Sector to Spur Growth of the Market
Alpha-methyl styrene is increasingly being utilized in the various automotive manufacturing applications and in making of protective gear. This factor is anticipated to work in favour of the growth of the global alpha-methyl styrene market over the period of analysis. In addition to that, alpha-methyl styrene finds increasing use in the chemical industry. In this industry, the product is increasingly being used as an intermediate, which is likely to drive the demand for alpha-methyl styrene.
There has been an increasing demand for adhesives, coatings, wax, and plasticizers in the automotive industry, which calls for the increased use of alpha-methyl styrene. In addition, rise in demand for acrylonitrile butadiene styrene (ABS) resins is ascribed to the continuous expansion of the electronics and automotive industries. This factor is likely to drive the demand for alpha-methyl styrene as it is used in making of the resin. Furthermore, leading players are investing more in the manufacturing process so as to improve the quality and speed of production. This factor is likely to generate demand for alpha-methyl styrene in the coming years.
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