Alpha-methylstyrene (AMS) Market size

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Alpha-Methylstyrene (AMS) Market, By Purity,
Trend Analysis, Competitive Market Share
Forecast, 2020-2027
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Alpha-methylstyrene (AMS) Market size- Industry
Trends Forecast Report 2027 A recent study
conducted by the strategic consulting and market
research firm BlueWeave Consulting revealed that
global alpha-methylstyrene (AMS) market was worth
USD 426.3 million in the year 2020. According to
the study, the market is estimated to grow at a
CAGR of 3.0, earning revenue of around USD 521.3
million by the end of 2027. The growth of
the global alpha-methylstyrene (AMS) market is
attributed to its increasing demand in end-user
industries, such as waxes, paints and coatings,
perfumes, antioxidants, chemical intermediates,
etc. Construction activities are increasing at a
rapid rate, especially in emerging economies for
infrastructural development purposes.
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Growth Drivers  Raising the rate of construction
work in the Asia-Pacific region will drive the
market. The rate of construction in the
Asia-Pacific region is increasing rapidly due to
urbanization in developing countries, the
increasing presence of many automobile oil and
gas giants, the increasing rate of
industrialization, and lenient government
policies to attract investors. With increasing
construction and industrialization, the demand
for paints and coatings, waxes, chemical
intermediates, and adhesives will go up. This
will affect the alpha-methylstyrene (AMS) market
positively and will drive the market growth
rate.
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Restraints  Health effects and the formation of
carbon monoxide are likely to hamper the growth
of the alpha-methylstyrene market.  Alpha-methyl
styrene forms carbon monoxide and a high volume
of smoke when burnt. Carbon monoxide, which is
very dangerous for humans, but also increasing
the volume of greenhouse gases in the atmosphere.
It has poor UV resistance and poor bearing
properties. (High friction and wear). When
inhaled, AMS causes dizziness, breathlessness,
lightheadedness, and, respiratory tract. It also
irritates the skin, eyes, and throat. Long time
skin contact can cause swelling, rashes, and
blisters. Alpha-methylstyrene is also
incompatible with strong oxidizing agents. It is
highly flammable and forms an explosive mixture
with air. All these hazards may hamper the growth
of AMS in the forecast period.
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Impact of COVID-19 in industry The global
economy and humanity have been pushed into a
crisis due to the COVID-19 pandemic. Due to the
high infection rate and adverse impact on public
health systems, various governments have enforced
nationwide lockdowns significantly impacting
manufacturing supply chains, trade, and related
services. Players are currently considering
digital solutions that would enable them to serve
the community and provide new opportunities to do
business. The production, manufacturing, supply
chain, and other operations, have slowed down
globally aimed to limit the spread of the
coronavirus. The global impact of the coronavirus
disease 2019 (COVID-19) is likely only beginning
and it significantly affected the market in 2020.

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Regional Insight The global market of
Alpha-methylstyrene is divided into the
Asia-Pacific region, North America, Europe, South
America, and the Middle East. Asia-Pacific region
is most likely to dominate Alpha-methylstyrene
(AMS) market with China, and India leading the
way. The regional market share is likely to grow
in the forecast period with the increasing
industrialization, investment from several
automobile companies, raising rate of
construction, and rapid urbanization rate. North
America and Europe will also witness a healthy
CAGR with the increasing demand for ABS. South
America and the Middle East will have a moderate
CAGR with the increasing use of ABS in kitchen
equipment, urbanizing population, and increasing
rate of construction work in developing
countries.
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Competitive landscape Alpha-methylstyrene (AMS)
market is fragmented owing to the presence of
number of companies that provides varied
petroleum resin products. However, the companies
that hold the majority share of Petroleum resin
market are Altiva Corp., Cepsa, Mitsui Chemicals
Inc, Ineos Phenol, AdvanSix, Rosneft, SI Group
Inc, DOMO Chemicals, Kumho PB Chemicals, Taiwan
Prosperity Chemical Corp, Yangzhou Lida
Chemicals, Mitsubishi Chemical Corporation,
Solvay SA, Rhodia, Versalis SPA, Sunoco
Chemicals, Prasol Chemicals Pvt. Ltd, The Plaza
Group, Banner Chemicals Ltd, United Petrochemical
Company and other prominent players. Sample copy
https//www.blueweaveconsulting.com/report/globa
l-alpha-methylstyrene-(ams)-market/report-sample

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