Pune, India, September 2023/MRFR Press Release/- Market research future published a Half cooked research report on Global Diacetone Alcohol Market Market.
Market Research Future (MRFR) has published a cooked research report on the “Diacetone Alcohol Market” that contains information from 2018 to 2032. The Diacetone Alcohol Market is estimated to register a CAGR of 4.85% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global Diacetone Alcohol Market— Solvay S.A (Belgium), Arkema Group (France), Monument Chemical Inc. (U.S.), Recochem Inc. (Canada), Prasol Chemicals Pvt. Ltd. (India), and KH Neochem Co. Ltd. (Japan).
Diacetone Alcohol Market Highlights
The global Diacetone Alcohol Market is accounted to register a CAGR of 4.85% during the forecast period and is estimated to reach USD 1.83 Billion by 2032.
Diacetone alcohol, also known as 4-hydroxy-4-methyl-2-pentanone, is a chemical compound often used as a solvent and a chemical intermediate in various industrial applications. It is a clear, colorless liquid with a mild odor. Diacetone alcohol has properties that make it useful in coatings, paints, varnishes, adhesives, and other chemical processes.
Segment Analysis
The global Diacetone Alcohol Market has been segmented based on Application, and End-Use Industry.
The Diacetone Alcohol market segmentation, based on application, includes solvents, chemical intermediates, cleaning, drilling fluids, and preservatives. The solvents segment dominated the market. Diacetone alcohol serves as an effective solvent in numerous applications. It is a solvent for various resins, including nitrocellulose, vinyl, and acrylic. DAA is also a solvent for dyes, waxes, oils, and cellulose esters. The solvency properties of DAA make it a preferred choice in manufacturing lacquers, coatings, and paints.
The Diacetone Alcohol market segmentation, based on the end-use industry, includes paints & coatings, textiles, automotive, and oil & gas. The paints & coatings category generated the most income. DAA is used as a solvent in the formulation of solvent-based coatings, providing excellent flow and leveling properties. It is particularly useful in high-performance coatings for automotive, industrial, and architectural applications.
Regional Analysis
The global Diacetone Alcohol Market, based on region, has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. The North American Diacetone Alcohol market will dominate this market, due to the well-established industrial sector, including paints and coatings, automotive, and pharmaceuticals. In addition, the stringent environmental and worker safety regulations have replaced conventional solvents with safer alternatives, including diacetone alcohol, boosting the region’s growth. Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Europe's Diacetone Alcohol market accounts for the second-largest market share due to the region's strong manufacturing base, particularly in the automotive and construction sectors, which drives the demand for Diacetone alcohol as a solvent. Further, the German Diacetone Alcohol market held the largest market share, and the UK Diacetone Alcohol market was the rapid-growing market in the European region.
The Asia-Pacific Diacetone Alcohol Market is expected to grow at the fastest CAGR from 2023 to 2032. It is due to fast industrialization and urbanization, leading to increased construction activities, automotive production, and infrastructure development. The rising disposable income and changing lifestyles in these countries have also fueled the demand for paints, coatings, and adhesives, further driving market growth. Moreover, China’s Diacetone Alcohol market held the largest market share, and the Indian Diacetone Alcohol market was the rapid-growing market in the Asia-Pacific region.
Key Findings of the Study
- The global Diacetone Alcohol Market is expected to reach USD 1.83 Billion by 2032, at a CAGR of 4.85% during the forecast period.
- The Asia-Pacific Diacetone Alcohol Market is expected to grow at the fastest CAGR from 2023 to 2032. It is due to fast industrialization and urbanization, leading to increased construction activities, automotive production, and infrastructure development.
- The Diacetone Alcohol market segmentation, based on application, includes solvents, chemical intermediates, cleaning, drilling fluids, and preservatives. The solvents segment dominated the market.
- Solvay S.A (Belgium), Arkema Group (France), Monument Chemical Inc. (U.S.), Recochem Inc. (Canada), Prasol Chemicals Pvt. Ltd. (India), and KH Neochem Co. Ltd. (Japan).
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Base Year | 2023 |
Companies Covered | 15 |
Pages | 114 |
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