Alpha-methylstyrene Market Size

Alpha-methylstyrene Market size was over USD 497.19 million in 2024 and is anticipated to reach USD 748.79 million by the end of 2037, witnessing around 3.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of alpha-methylstyrene is assessed at USD 509.92 million.

The reason behind the growth is due to the growing production of chemicals across the globe. The main growth drivers for the chemical sector are anticipated to be robust demand across end-user sectors since the manufacture and use of chemicals have a significant role in employment, trade, and economic growth on a global scale. In 2023, it is anticipated that global chemical production apart from medicines will increase by more than 1%.

The growing demand for polymers is believed to fuel the alpha-methylstyrene market growth. Alpha-methylstyrene (AMS) is an organic chemical compound that is colorless and is used to make a range of styrenic polymers that offer a number of advantages to meet the varied needs of the healthcare sector, including special benefits for the design and development of medical devices and parts owing to their versatility.