市場調查報告書
商品編碼
1489486
全球α-甲基苯乙烯市場 - 2024-2031Global Alpha-Methylstyrene Market - 2024-2031 |
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概述
2023年,全球α-甲基苯乙烯市場達到4.312億美元,預計2031年將達到5.504億美元,2024-2031年預測期間複合年成長率為3.1%。
對α-甲基苯乙烯(AMS)不斷成長的需求已成為重要的市場驅動力。 AMS 樹脂用於製造汽車外部框架、電子設備外殼和保護塗層。近年來,在印度和巴西等新興市場消費成長的推動下,全球汽車產業大幅成長。
例如,印度品牌股權基金會預測,到2022年,該國將成為世界主要汽車市場之一,每年生產2,293萬輛汽車。電動車市場的崛起可能會在未來幾年推動全球汽車市場的發展。新興經濟體對消費品的需求增加有助於市場擴張。
到 2023 年,北美預計將成為第二主導地區,佔全球 α-甲基苯乙烯市場的 20% 以上。北美領先的 AMS 生產商正在投資產能擴張、設施現代化和研發項目,以滿足對基於 AMS 的產品不斷成長的需求。戰略投資提高了該地區的生產能力、產品品質和市場競爭力。
動力學
黏合劑需求不斷成長和嚴格的法規
主要領域的建築、汽車和製造業都依賴黏合劑和密封劑進行黏合、密封和組裝應用。 α-甲基苯乙烯是一種單體,用於製造耐熱和耐化學性的專業黏合劑和密封劑。對黏合劑和密封劑的需求不斷成長,推動了該地區 AMS 產業的發展。
全球嚴格的監管標準和環境限制促進了各種業務中永續和環保材料的使用。基於 α-甲基苯乙烯的產品具有減少 VOC 排放、可回收性和符合環境要求等優點,使其廣泛應用於尋求合規性的製造商。
電動車產量不斷增加
電動車產量的增加預計將增加對α-甲基苯乙烯的市場需求。例如,根據 EV Volumes 的數據,2022 年新增 BEV 和 PHEV 供應量為 1,050 萬輛,較 2021 年成長 55%。
德國汽車工業協會的數據顯示,2022年7月德國汽車產量為26.34萬輛,較2021年同期成長7%。幾家公司正在增加該國生產的電動車的數量。 2023年6月,福特宣佈在德國開設高科技製造工廠科隆電動車中心。
環境問題和價格波動
揮發性有機化合物 (VOC) 和空氣污染的環境限制可能會限制 α-甲基苯乙烯的生產和使用。遵守嚴格的排放規則可能需要在污染控制系統方面進行支出,從而提高 AMS 製造商的製造成本。
生產α-甲基苯乙烯所需的原料(例如枯烯和苯乙烯)的價格可能會因原油價格變化和供需動態等因素而波動。原物料價格的波動會對AMS製造商的成本競爭力和獲利能力產生影響。具有相同品質的低成本替代品的可用性可能會限制α-甲基苯乙烯的市場成長,特別是在價格敏感的行業。
Overview
Global Alpha-Methylstyrene Market reached US$ 431.2 Million in 2023 and is expected to reach US$ 550.4 Million by 2031, growing with a CAGR of 3.1% during the forecast period 2024-2031.
The increasing demand for Alpha-Methylstyrene (AMS) has emerged as a significant market driver. AMS resins are utilized in the manufacture of car exterior frames, electronic appliance housings and protective coating. The global automobile sector has grown significantly in recent years, driven by rising consumption in emerging markets such as India and Brazil.
For example, the Indian Brand Equity Foundation predicts that by 2022, the country would be one of the world's major automobile markets, producing 22.93 million vehicles per year. The rise of the electric vehicle market is likely to drive the global automotive market in the coming years. Increased demand for consumer goods from emerging economies contributes to market expansion.
In 2023, North America is expected to be the second-dominant region with over 20% of the global alpha-methylstyrene market. Leading AMS producers in North America are investing in capacity expansions, facility modernization and R&D projects to accommodate the growing demand for AMS-based products. Strategic investments boost production capacities, product quality and market competitiveness in the region.
Dynamics
Growing Demand from Adhesives & Stringent Regulations
The major areas' construction, automotive and manufacturing sectors rely on adhesives and sealants for bonding, sealing and assembly applications. Alpha-Methylstyrene is a monomer used to make specialist adhesives and sealants that are resistant to heat and chemicals. Rising demand for adhesives and sealants drives the region's AMS industry.
Stringent regulatory standards and environmental restrictions globally promote the use of sustainable and eco-friendly materials in a variety of businesses. Alpha-Methylstyrene-based products offer benefits such as reduced VOC emissions, recyclability and conformance with environmental requirements, making them widely used for manufacturers seeking regulatory compliance.
Rising Production of Electric Vehicles
The increased manufacturing of electric vehicles is expected to increase market demand for alpha-methylstyrene. For example, according to EV Volumes, 10.5 million new BEVs and PHEVs were supplied in 2022, up 55% from 2021. Germany is one of Europe's leading automotive manufacturers.
In accordance to the German Association of the Automotive Industry, Germany produced 263,400 cars in July 2022, up 7% from the same time in 2021. Furthermore, the demand for electric vehicles is rising in Germany. Several companies are boosting the number of electric vehicles produced in the country. In June 2023, Ford announced the opening of the Cologne Electric Vehicle Center, a high-tech manufacturing plant in Germany.
Environmental Concerns and Price Volatility
Environmental restrictions governing volatile organic compounds (VOCs) and air pollution can limit the manufacturing and usage of alpha-methylstyrene. Compliance with severe emissions rules may need expenditures in pollution control systems, raising manufacturing costs for AMS manufacturers.
The price of raw materials needed in the production of alpha-methylstyrene, such as cumene and styrene, might fluctuate due to factors such as crude oil price changes and supply-demand dynamics. The fluctuation of raw material prices can have an impact on AMS manufacturers' cost competitiveness and profitability. The availability of lower-cost alternatives with identical qualities may limit market growth for alpha-methylstyrene, especially in price-sensitive sectors.
The global alpha-methylstyrene market is segmented based on purity, application, end-user and region.
Rising Automotive Production Drives the Segment Growth
Automotive is expected to be the dominant segment with over 30% of the market during the forecast period 2024-2031. Alpha methyl styrene is an intermediary in the manufacturing of ABS resin. Furthermore, ABS plastic is employed as an alternative metal in the automotive industry. ABS thermoplastic is used in a variety of automobile parts that aim to reduce weight.
ABS is widely used in dashboard components, seat backs, seat belt components, handles, door locks, pillar trim and instrument panels. Based on data from the Organization Internationale des Constructeurs d'Automobiles, global automotive production reached 85.01 million in 2022, a 6% increase from 80.20 million vehicles manufactured in 2021, indicating a rise in demand for alpha methyl styrene from the automotive industry.
Rising Demand for Tires in Asia-Pacific
Asia-Pacific is expected to be the dominant region in the global alpha-methylstyrene market covering over 30% of the market. According to data issued by the National Bureau of Statistics, China's tire sector is expanding rapidly, reflecting rising demand for tires both domestically and internationally. In accordance to the National Bureau of Statistics of China, as of May 2023, China manufactures approximately 6 million metric tons of plastic items per month.
According to IBEF, total plastics exports between April and September 2022 were US$ 6.38 billion. Compared to the same period previous year, exports of plastic raw materials, medical goods and pipes and fittings climbed by 32.3%, 24.8% and 17.9%, respectively. Thus, increased demand from various industries is likely to drive the market in the region throughout the forecast period.
The major global players in the market include AdvanSix, Altivia, Cepsa, Domo Chemicals, INEOS Group, Kraton Corporation, KUMHO P&B CHEMICALS, Mitsubishi Chemical Corporation, Prasol Chemicals Limited and Solvay.
The pandemic caused changes in demand for AMS and AMS-derived goods due to interruptions in a variety of end-user industries. Industries such as automotive, construction and manufacturing faced slowdowns or shutdowns, resulting in lower demand for chemicals such as AMS utilized in their manufacturing processes. Lockdowns, travel restrictions and border closures affected global supply lines, hurting the production and distribution of AMS and raw materials used to manufacture it.
Transportation delays, significant ingredient shortages and logistics issues hampered AMS availability and had an impact on market dynamics. The pandemic has accelerated trends such as remote labor, e-commerce expansion and consumer behavior changes, resulting in adjustments in demand for AMS and AMS-derived products. For example, growing demand for online shopping and hygiene items drove up demand for styrene-based resins made from AMS.
Russia-Ukraine War Impact
Russia and Ukraine are key manufacturers of raw materials and chemicals, including those required in the production of alpha-methylstyrene. Any disruption in the supply chain caused by the conflict, including transportation bottlenecks or production shutdowns, resulted in key ingredient shortages and have an influence on the global availability of AMS. The instability in the region caused variations in the prices of raw materials and energy sources utilized in the manufacturing of AMS.
Uncertainty in supply chains and geopolitical conflicts led to price volatility in the AMS market, which affects both manufacturers and customers. Geopolitical tensions caused uncertainty in global markets, reducing investor confidence and resulting in cautious spending and investment decisions. Companies in the AMS sector postponed expansion plans or investments in new projects until there is more clarity and stability in the region.
The global alpha-methylstyrene market report would provide approximately 62 tables, 55 figures and 184 pages.
Target Audience 2024
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