Market Size of Alpha Methylstyrene Industry
| Study Period | 2019 - 2029 |
| Market Volume (2024) | 286.69 kilotons |
| Market Volume (2029) | 342.15 kilotons |
| CAGR (2024 - 2029) | 3.60 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Alpha Methylstyrene Market Analysis
The Alpha Methylstyrene Market size is estimated at 286.69 kilotons in 2024, and is expected to reach 342.15 kilotons by 2029, growing at a CAGR of 3.60% during the forecast period (2024-2029).
COVID-19 negatively impacted the market as all the industries halted their manufacturing processes. Lockdowns, social distances, and trade sanctions triggered massive disruptions to global supply chain networks. However, the condition is recovered in 2021, which is expected to benefit the market during the forecast period.
- In the medium term, the major factors driving the market studied are the increasing demand for the manufacturing of ABS resins and increasing demand for alpha-methyl styrene in the electronics segment.
- On the flip side, hazardous waste release during the production of alpha methyl styrene is likely to restrain the market growth.
- Increase in demand for durable waxes and heat-resistant adhesives is likely to act as an opportunity for the market in coming years.
- Asia-Pacific accounted for the highest market share, and the region is likely to dominate the market during the forecast period.
