Turkey Alpha-Methylstyrene Market Outlook

turkey’s alpha-methylstyrene (ams) market has in recent years experienced remarkable growth, and this is expected to continue in the coming years. the surge in demand, primarily driven by its usage in the packaging sector, has been the major factor along with efforts of the turkish government to create a sustainable and strong manufacturing hub for polymers. ams has become a sought-after commodity in the turkish market, with many of the world’s leading producers setting base here in recent times. major ams producers located in turkey and the region are ‘tetra pak’, ‘plast group’, ‘polychem’, and ‘borealis’. with prices of ams in turkey expected to remain relatively stable over the forecast period 2018-2032, the demand for this natural polymer should remain strong in the near future. in order to offset the increasing cost of production, use of recycled and improved technologies such as metallocene ams has gained traction. presence of large consumer markets, such as beer and soft drink companies, has further increased the market demand of ams in recent times. this has in turn created opportunities for new entrants to strengthen their portfolios in the market. the market’s competitive landscape is distinguished by the presence of mainly regional and few global players. the environment is however made attractive for smaller players as the product margins are high for turkish businessmen. imposition of countervailing duties is expected to throw a minor spanner in the works of the ams market in the near future. nevertheless, with steady flow of investments by industrialists to turkey, use of production techniques such as those related to metallocene ams, steady demand and stable prices over the forecast period, the growth of the turkish market is expected to remain healthy.