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全球α-甲基苯乙烯市场 - 2024-2031Global Alpha-Methylstyrene Market - 2024-2031 |
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概述
2023年,全球α-甲基苯乙烯市场达到4.312亿美元,预计2031年将达到5.504亿美元,2024-2031年预测期间复合年增长率为3.1%。
对α-甲基苯乙烯(AMS)不断增长的需求已成为重要的市场驱动力。 AMS 树脂用于製造汽车外部框架、电子设备外壳和保护涂层。近年来,在印度和巴西等新兴市场消费成长的推动下,全球汽车产业大幅成长。
例如,印度品牌股权基金会预测,到2022年,该国将成为世界主要汽车市场之一,每年生产2,293万辆汽车。电动车市场的崛起可能会在未来几年推动全球汽车市场的发展。新兴经济体对消费品的需求增加有助于市场扩张。
到 2023 年,北美预计将成为第二主导地区,占全球 α-甲基苯乙烯市场的 20% 以上。北美领先的 AMS 生产商正在投资产能扩张、设施现代化和研发项目,以满足对基于 AMS 的产品不断增长的需求。战略投资提高了该地区的生产能力、产品品质和市场竞争力。
动力学
黏合剂需求不断增长和严格的法规
主要领域的建筑、汽车和製造业都依赖黏合剂和密封剂进行黏合、密封和组装应用。 α-甲基苯乙烯是一种单体,用于製造耐热和耐化学性的专业黏合剂和密封剂。对黏合剂和密封剂的需求不断增长,推动了该地区 AMS 产业的发展。
全球严格的监管标准和环境限制促进了各种业务中可持续和环保材料的使用。基于 α-甲基苯乙烯的产品具有减少 VOC 排放、可回收性和符合环境要求等优点,使其广泛应用于寻求合规性的製造商。
电动车产量不断增加
电动车产量的增加预计将增加对α-甲基苯乙烯的市场需求。例如,根据 EV Volumes 的数据,2022 年新增 BEV 和 PHEV 供应量为 1,050 万辆,较 2021 年成长 55%。
德国汽车工业协会的数据显示,2022年7月德国汽车产量为26.34万辆,较2021年同期成长7%。几家公司正在增加该国生产的电动车的数量。 2023年6月,福特宣布在德国开设高科技製造工厂科隆电动车中心。
环境问题和价格波动
挥发性有机化合物 (VOC) 和空气污染的环境限制可能会限制 α-甲基苯乙烯的生产和使用。遵守严格的排放规则可能需要在污染控制系统方面进行支出,从而提高 AMS 製造商的製造成本。
生产α-甲基苯乙烯所需的原料(例如枯烯和苯乙烯)的价格可能会因原油价格变化和供需动态等因素而波动。原物料价格的波动会对AMS製造商的成本竞争力和获利能力产生影响。具有相同品质的低成本替代品的可用性可能会限制α-甲基苯乙烯的市场成长,特别是在价格敏感的行业。
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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