Alpha-Methylstyrene Market Size, Share, Growth Analysis, By Type(Technical Grade Alpha-Methylstyrene, High-Purity Alpha-Methylstyrene, Polymerization-Grade Alpha-Methylstyrene and Others.), By Application(Resins and Polymers, Adhesives and Coatings, Chemical Intermediates and Others.), By Region - Industry Forecast 2024-2031

Alpha-Methylstyrene Market size was valued at USD 65.1 billion in 2021 and is poised to grow from USD 68.42 billion in 2022 to USD 101.86 billion by 2030, growing at a CAGR of 5.1% in the forecast period (2023-2030).

ABS resins are widely employed in the automotive, electronics, and consumer goods sectors due to their excellent mechanical properties and versatility. As these end-use industries continue to expand, the demand for alpha-methylstyrene is expected to witness a positive trajectory. The adhesives and coatings segment also contributes significantly to the alpha-methylstyrene market. AMS is favoured for its excellent adhesive properties, making it a valuable ingredient in various adhesive formulations. Additionally, its usage in surface coatings enhances the performance and durability of coatings in different applications, further bolstering its demand. The chemical industry represents another crucial area where alpha-methylstyrene plays a significant role. It is utilised as a chemical intermediate in the synthesis of antioxidants, flame retardants, and other specialty chemicals. The growth of the chemical sector, driven by increased industrial activities and innovations, has a direct impact on the demand for alpha-methylstyrene.

US Alpha-Methylstyrene Market is poised to grow at a sustainable CAGR for the next forecast year.