Diacetone Alcohol Market: Industry Analysis, Growth Trends, and Future Outlook

The global diacetone alcohol market is projected to be worth more than US$ 1,443.7 million and to grow at a strong CAGR of nearly 4.3% in terms of value. By the end of 2022, the global market for diacetone alcohol is anticipated to be worth US$1.44 billion due to rising demand over the forecast period.

The diacetone alcohol (DAA) market is a growing industry that provides a versatile solvent with applications in various industries, including paints and coatings, adhesives, and chemical intermediates. DAA is a colorless liquid with a mild, fruity odor and is commonly used as a solvent for coatings and resins due to its ability to dissolve a wide range of substances. The market for DAA is expected to continue to grow in the coming years due to its increasing use in the production of solvents and coatings. It is also used in the production of chemical intermediates such as glycerol and glycerin, which are used in the manufacturing of various products such as soaps, cosmetics, and food.

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Key Segments of Diacetone Alcohol Industry Survey

Diacetone Alcohol Market by Application :
Solvents
Chemical Intermediaries
Cleaning
Drilling Fluids
Preservatives
Other Applications
Diacetone Alcohol Market by End Use :
Paints & Coatings
Textiles
Automotive
Oil & Gas
Other End Uses
Diacetone Alcohol Market by Region :
North America Diacetone Alcohol Market
Latin America Diacetone Alcohol Market
Europe Diacetone Alcohol Market
APAC Diacetone Alcohol Market
MEA Diacetone Alcohol Market
Key Takeaways from Diacetone Alcohol Market Study

By end use, textiles is projected to provide value of worth USD 571.2 Million over the forecast period whereas automotive is projected to provide value of 455.8 Million
By application, solvents is projected to provide value of worth USD 572.2 Million over the forecast period
Based on end use , automotive is projected to grow with a CAGR of around 3.6% over the forecast period
By application, solvents is projected to grow with a CAGR of around 4.9% during the forecast period
The oil & gas industry is expected to hold 9.6% of market share during forecast period
On the basis of end use, paint & coating is projected to dominate diacetone alcohol market by accounting for over 36.2% in 2032 of the market share.
Competitive Landscape

Key manufacturers of diacetone alcohol are SI Group, Monument Chemical, Recoche Inc, Aarey drugs & Pharmaceuticals Ltd., Alpha Chemika, Arihant Solvents and Chemicals, and Prasol Chemicals Limited.

The global diacetone alcohol market is consolidated and competitive owing to several domestic and regional players. Marketing strategies adopted by key players are mergers, acquisitions, expansion, collaborations, and partnerships.

In Dec 2022, Parsol Chemical Ltd. focused on research & development and investing in product development. The organization is having a qualified & experienced R&D team with 14 members along with chemical engineers & scientists.
Key players in the Diacetone Alcohol Market

SI Group
Monument Chemical
Arihant Solvents and Chemicals
Alpha Chemika
Prasol Chemicals Limited
Solvay
Arkema
KH Neochem
In summary, the DAA market is expected to grow in the coming years due to its increasing use in the production of solvents and coatings and the demand for environmentally friendly solvents. However, the industry may face challenges due to the volatility of raw material prices and the availability of substitutes.

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This release was published on openPR.