The global demand for Diacetone Alcohol Market is presumed to reach the market size of nearly USD 3.33 MN by 2028 from USD 2.32 MN in 2021 with a CAGR of 5.3% under the study period 2022 - 2028.
Diacetone alcohol is colourless and has a pleasant scent. It is also known as DAA and is an organic molecule with the chemical formula CH3C(O)CH2C(OH)(CH3)2. Diacetone alcohols are made industrially from acetone and have two alcohol groups and a ketone functional group. Diacetone alcohols are organic and inorganic substances that are soluble in them. It's used as a solvent in paints and coatings, drilling fluids, cleaning chemicals, lubricants, and metalworking fluids, among other industrial applications. Diacetone alcohol is used as a chemical ingredient in synthesizing methyl isobutyl ketone (MIBK), isopropylidene acetone, phorone, and isophorone hexanediol, and methyl isobutyl alcohol (MIBC) in the chemical industry. The diacetone alcohol approach is preferable over the acetone route to manufacture these compounds because it yields a higher yield of the compounds.
Market Dynamics
Worldwide economic development, increased consumer spending, urban population growth, increased investments, and increased recreational operations pushing the market forward. Furthermore, a significant investment in R&D efforts to improve efficiency and improve the performance of diacetone alcohol through novel solutions, greater quality and outputs, lower breakages, and increased efficiency promotes market growth. However, the production of diacetone alcohol produces a significant amount of pollutants, consequently acting as a restraint for the market growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of diacetone alcohol. The growth and trends of diacetone alcohol industry provide a holistic approach to this study.
Market Segmentation
This section of the diacetone alcohol market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Function
- Solvents
- Chemical Intermediates
- Additives
By End User Industry
- Paints & Coating
- Chemicals
- Construction
- Polymer & Plastics
- Textile
- Leather
- Agrochemicals
- Automotive
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Diacetone Alcohol market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Diacetone Alcohol Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the diacetone alcohol market include Arkema Group, Prasol Chemical Pvt. Ltd., TCI Chemicals Pvt. Ltd., Tianjin Daofu Chemical New Technology, Development Co., Ltd., Solventis Ltd., Monument Chemicals, Inc., Solvay S.A., Mitsubishi Chemical Corporation, KH Neochem Co., Ltd., SI Group, Inc. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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