North America Alpha-Methylstyrene Market Outlook (2018 to 2032)
Synopsis
The above chart is North America Alpha-Methylstyrene Market Outlook (2018 to 2032)
Market Dynamics
the demand for alpha-methylstyrene (ams) in the north american market is likely to remain strong in the coming years due to its versatile applications in producing copolymers resins and adhesives. ami consulting projects that the ams market in the us and canada is projected to witness a moderate growth rate between 2018 and 2032, supported by a stable and increasing demand for ams from the downstream industries. major players in the market such as basf, dow, exxonmobil and others are expected to increase their investments in research and development to capitalize on the opportunities offered by the expanding market. major end-user industries which drive the demand of ams in north america are automotive, construction, aerospace, electronics, healthcare and many others. alpha-methylstyrene finds applications in producing copolymer resins, coatings, adhesives, stabilizers and elastomers, among others. this makes it suitable for a wide range of uses in different industries. the automotive industry offers significant potential for ams, in various applications such as dashboards, dash covers, seat covers and door trim. the issue of environmental sustainability has been gaining global attention in recent years. as a result, the companies involved in the manufacturing of ams and its downstream products need to take into account the environmental impact caused by their activities. this is expected to create additional business opportunities for the suppliers in the ams market. the north american climate also dictates the fluctuation in the demand for ams. alpha-methylstyrene has a low vapor pressure and is thus less susceptible to volatility in temperature and humidity, providing an edge over other substitutes such as butadiene. this makes it an attractive option for customers in north america. by taking into account the key factors including downstream demand, environmental sustainability and climate, it is evident that the demand for alpha-methylstyrene in the north american market will remain strong over the coming years.