Diacetone Alcohol Market Scope, Size, Share, Analysis by 2023 - Solvay S.A, Arkema Group, Monument Chemical Inc., Recochem Inc., Prasol Chemicals Pvt. Ltd., KH Neochem Co., Galaxy Chemicals, Shanghai Jianyuan Chemical Co., Aareydrugs & Pharmaceuticals Ltd

Market Synopsis of Global Diacetone Alcohol Market:

Diacetone Alcohol also known as DAA, is an oxygenated solvent with high solubility property. It is derivative of Alcohol with non-ethanol component. It can be synthetically produced by adol condensation of acetone as well as naturally found in Achnatherum robustum, which is a plant also known as sleepy grass. The prominent application of Diacetone Alcohol is as solvent in industrial and consumer products. It is used as solvent for purification process, adhesives, paints, thinners and household cleaners. It acts as component of solvent blends for nitrocellulose, acrylic and cellulose acetate lacquers. Global Diacetone Alcohol Market has been increasing tremendously, growing at CAGR of 4.85% to reach USD 1,594.5 million, till 2023. This is attributed to an increasing consumption of diacetone alcohol by the prominent end use industries. The Global Diacetone Alcohol is segmented into application and end use industry. Based on applications, the market is divided into solvents, chemical Intermediates, cleaning, drilling fluids, and preservatives, among others. Among these applications, the use of diacetone alcohol as a solvent is leading the market with maximum share. In coming years, the segment is estimated to grow at highest CAGR of 5.70% owing to its solubility in water and oil. Chemical intermediate is the second largest segment in the Global Diacetone Alcohol Market with 21% share.

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Global DAA Market – Segments

MRFR has segmented the market into three key dynamics.

By Application: Comprises – Solvents, Chemical Intermediates, Cleaning, Drilling Fluids, Preservatives, and other.

By End-Use Industries: Paints & Coating, Textiles, Automotive, Oil & Gas, other.

By Regions: North America, Europe, APAC and Rest of the World.

Segment Solvents accounts for the leading segment by application with maximum share and is estimated to grow at a CAGR of 5.70%.

Chemical intermediate accounts for the second largest segment by applications in the Global DAA Market owning 21% share.

Segment Paints & Coatings is a leading segment by End-Use Industries and is expected to reach US$ 610.0 Mn., by the end of 2023, growing at highest CAGR.

Key Findings:

Global Diacetone Alcohol Market is projected to reach USD 1,594.5 million by 2023 with 4.85% CAGR during review period of 2017-2023. Asia Pacific accounted for largest share due to growing end use industries in this region. Diacetone alcohol market is a fragmented market, however, tier1 manufacturers dominate the market. China is the largest producer and consumer of diacetone alcohol. It accounts for 48% of the overall production of diacetone alcohol. China is the largest market not only in Asia Pacific but also in the global market. Paints & coatings industry is the dominant end user for diacetone alcohol market across all regional segments during forecast period.

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Regional Analysis:

Geographically, Global Diacetone Alcohol Market is segmented into five key regions Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Asia Pacific accounted for the largest market share in 2016, and is projected to grow at the highest CAGR of 5.34% during the forecast period. The dominance of Asia Pacific region is mainly due to rapid industrialization in the region along with presence of considerable number of producers coupled with cheap labor cost and growing exports. Asia Pacific region is followed by North America, which accounted for the second largest market share and is estimated to reach USD 331.4 million by 2023. U.S. accounted for the highest market share in North America and is expected to remain dominant throughout the forecast period owing to greater penetration of end user industries in the country.

Europe is a significant region in the Global Diacetone Alcohol Market. It accounted for a considerable market share of 18%, as of 2016. Germany dominates the European market share in terms of value and volume due to increasing demand of paints & coatings from both household and automotive industry. Europe is followed by Latin America and the Middle East & Africa, which is estimated to grow at moderate rate during the forecast period.

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