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North America Alpha Methyl Styrene Market Size will witness tremendous growth over 2019 - 2025

Author : Ronak Bora | Published Date : 2019-07-10 

North America led by the U.S. has significant share in global alpha methyl styrene market with its use in waxes. The region is second largest producer of wax and is growing at a CAGR of around 4.5%, and is expected to increase the product penetration.

Asia Pacific has healthy growth rate in alpha methyl styrene market owing to its use in plastic adhesive industry. Further, market is expected to increase with growing packaging industry. Middle East and Africa is at a nascent stage and depicts moderate growth with its use in super plasticizers for high end constructions and skyscrapers like Burj Khalifa and Burj Al Arab. Prevailing construction industry has augmented its use.

Alpha Methyl Styrene Market size shall witness a healthy growth in forecast period with application in adhesives, resins, and chemical intermediates. These are extensively used for production of acrylonitrile butadiene styrene (ABS) resins. ABS market is growing at a CAGR of around 4.5% owing to its application in automotive and protective equipment that has increased product usage. Further, its production output will increase with processes like involvement of dehydrogenation in FSU. These factors are expected to propel alpha methyl styrene industry.

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Alpha methyl styrene (AMS) or isopropyl benzene is colourless liquid having sharp odour and used as co monomer in various polymerisation processes to improve impact and heat resistance of products. These are produced as by product in phenol production process of cumene oxidation. It undergoes purification by continuous distillation at reduced pressure to decrease cumene, phenol and butyl benzene impurities. To enhance cost efficiency of the process, companies like UOP and Kellogg recycle it by hydrogenation. It can easily be copolymerized with monomers like acrylates and benzene. Its pricing depends on benzene price trends.

The bisphenol and polycarbonate product segment is growing above 6% that has increased its utilization. These are obtained as by product in phenol production and its availability has enhanced with increase in phenol production capacity. AMS is preferred over styrene as these provide better heat stability and impact strength. Such factors are expected to further boost alpha methyl styrene market.

Major restraint for alpha methyl styrene market is its incompatibility with strong oxidising agents such as mercury, copper and alkaline pesticides. It can cause some health issues like irritation in eyes, skin and throat. These can lead to environmental pollution as on burning it releases toxic gases and vapours like carbon monoxide that increases greenhouse gases. Further it is highly flammable and vapours form explosive mixture with air.

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Based on application, alpha methyl styrene market is segmented into ABS manufacturing, plastic additive, adhesives, plasticizers, chemical intermediate and others. These are primarily used for production of ABS resins to impart heat distortion property. ABS has major share and accounts for around one third of its demand. It finds application in diverse products like lubricating oils, drying oils, antioxidants and perfumes.

Prominent players of alpha methyl styrene market are Ineos, Honeywell, Cespa, SANORS, Novapex, United Petrochemical Company, Mitsubishi Chemical, Taiwan Prosperity Company, Axiall, Solway, Rhodia and DOMO Chemicals to name a few. Companies are adopting merger and acquisition strategy to enhance their share. Ineos has acquired 50% share of BASF in Styrolutin and increased its production of alpha methyl styrene by constructing new plant at Altamira, Mexico.

 

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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