Global Alpha-Methyl styrene Market is expected to rise to an estimated value of USD 563.80 million by 2026, registering a steady CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the growth in demand for the consumer goods which are one of the major uses of alpha-methyl styrene along with its growing applications in the automotive industry.
Alpha-methyl styrene is a colorless liquid chemical which is manufactured as a by-product of the phenol-acetone production process. It is less dense than water and is insoluble with an aromatic fragrance. It is a highly flammable liquid with a burning point at 115°F, and finds its use as an intermediary for the manufacturing of other chemical products.
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Global alpha-methylstyrene market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of alpha-methylstyrene market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Competitors:
Few of the major competitors currently working in the global alpha-methylstyrene market are SI Group, Inc.; KUMHO PETROCHEMICAL; AdvanSix; Versalis; Group of Companies «Titan»; INEOS; Mitsubishi Chemical Holdings Corporation; Mitsui Chemicals, Inc.; SEQENS SAS; Altivia; The Plaza Group; ROSNEFT; Solvay; TPCC; DOMO Chemicals GmbH; Cepsa; Yangzhou Lida Chemical Co.,Ltd.; Prasol Chemicals Pvt. Ltd.; Honeywell International Inc; Sunoco; Merck KGaA; Banner Chemicals Limited and Westlake Chemical Corporation.
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