Press release
Diacetone Alcohol Market has been increasing tremendously, growing at CAGR of 4.85%
Diacetone Alcohol Market
• Solvay S.A (Belgium)
• Arkema Group (France)
• Monument Chemical Inc. (U.S.)
• Recochem Inc. (Canada)
• Prasol Chemicals Pvt. Ltd. (India)
• KH Neochem Co., Ltd. (Japan)
• Galaxy Chemicals (India)
• Shanghai Jianyuan Chemical Co.,Ltd. (China)
• Aareydrugs & Pharmaceuticals Ltd. (India)
• SRI NEELIMA LABORATORIES (India)
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.
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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.
Segmentation:
Global Diacetone Alcohol Market is segmented on the basis of application, end use industry and region. On the basis of application, market is segmented into solvents, chemical intermediates, cleaning, drilling fluids, and preservatives, among others. By end use industry, the market is divided into paints & coating, textiles, automotive, oil & gas, others. Geographically, the global diacetone alcohol market is segmented into– Asia Pacific, North America, Europe, Latin America, the Middle East & Africa.
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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Key Points from Table of Contents:
12 Company Profiles
12.1 Solvay S.A.
12.1.1 Company Overview
12.1.2 Product/Business Segment Overview
12.1.3 Financial Updates
12.1.4 Key Developments
12.2 Arkema Group
12.2.1 Company Overview
12.2.2 Product/Business Segment Overview
12.2.3 Financial Updates
12.2.4 Key Developments
12.3 Huntsman International LLC
12.3.1 Company Overview
12.3.2 Product/Business Segment Overview
12.3.3 Financial Updates
12.3.4 Key Developments
12.4 Monument Chemical Inc.
12.4.1 Company Overview
12.4.2 Product/Business Segment Overview
12.4.3 Financial Updates
12.4.4 Key Developments
12.5 Recochem Inc
12.5.1 Company Overview
12.5.2 Product/Business Segment Overview
12.5.3 Financial Updates
12.5.4 Key Developments
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