USD 1.2 billion
Diacetone Alcohol Market Size, Share, Growth Analysis, By Application(Solvents, Chemical Intermediates, Additives, Cleaning), By End Use(Paints & Coatings, Chemicals, Construction, Textiles), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15A2428 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
71
|Figures:
69
Diacetone Alcohol Market Insights
Global diacetone alcohol market size was valued at USD 1.2 billion in 2022 and is poised to grow from USD 1.26 billion in 2023 to USD 1.83 billion by 2031, growing at a CAGR of 4.8% in the forecast period (2024-2031).
Diacetone alcohol is an organic compound used as a solvent or for preparing other compounds. It is widely used as a solvent in the preparation of water-based coating that is rising in popularity across different industry verticals. Growing chemical manufacturing activity has resulted in high demand for different kinds of solvents and this is also slated to boost diacetone alcohol sales going forward. High demand for coatings and paints around the world is also estimated to favor diacetone alcohol market growth in the future. Textiles, automotive, paint, and coating industries are projected to be key end users of diacetone alcohol. High demand for adhesives and sealants around the world is also estimated to favor diacetone alcohol sales as it is used extensively in their preparation. The high yield of compounds using diacetone alcohol is also a factor that favors market development going forward.
Safety concerns associated with the use and storage of diacetone alcohol coupled with high pollution during diacetone alcohol production are estimated to be key factors that could hamper the diacetone alcohol demand outlook in the long run. North America is forecasted to account for a dominant share of the global diacetone alcohol sales outlook over the coming years.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Solvents
Fastest Growth
Chemical Intermediates
Growth Rate
4.8% CAGR
Global Diacetone Alcohol Market ($ Bn)
Country Share for North America Region (%)
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Diacetone Alcohol Market Segmental Analysis
The global diacetone alcohol market is segmented based on application, end use, and region. In terms of application, the market is segmented into solvents, chemical intermediates, additives, cleaning, drilling fluids, preservatives, and others. Based on end use, the market is bifurcated into paints & coatings, chemicals, construction, textiles, leather, automotive, and others. Based on region, the market is segmented into Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa.
Analysis by Application
Most diacetone alcohol is used as a solvent around the world, which is why this segment accounts for a high market share. The extensive use of diacetone alcohol in different distillation processes used to extract resins and waxes is allowing this segment to hold sway over other applications. The low volatility of diacetone alcohol is also an added benefit that allows it to be used as a solvent alternative to benzene in different industry verticals. Excellent solvency properties of diacetone alcohol are also contributing to the growth of this segment.
Demand for diacetone alcohol as a chemical intermediate is forecasted to increase over the coming years. The rapidly expanding chemical manufacturing industry and the rising use of diacetone alcohol to create other materials allow this segment to expand at a notable pace. Diacetone alcohol is used as an essential chemical intermediate in different compounds and materials.
Analysis by End Use
Paints and coatings end-use account for a dominant share of the global diacetone alcohol market. The high use of diacetone alcohol as a solvent to improve the viscosity of paints and coatings allows this segment to hold a high market share. Adding diacetone alcohol to paints and coating also improves their flow and viscosity. Growing demand for high-performance and high-quality paints and coatings is slated to bolster growth in this segment over the coming years.
Meanwhile, the demand for diacetone alcohol in textile and leather end use is forecasted to increase at a rapid pace going forward. Increasing disposable income and changing consumer preferences around the world are propelling the demand for new fashionable clothing and this is slated to benefit diacetone alcohol sales as well. Diacetone alcohol plays a crucial role in textile dyeing, which is why it is important in creating unique designs and colors for clothes.
Global Diacetone Alcohol Market By Application
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Diacetone Alcohol Market Regional Insights
North America accounts for a dominant share of the global diacetone alcohol demand outlook. The presence of key industries such as textile, chemical, pharmaceuticals, and automotive allows this regional market to hold a high market share. Growing focus on sustainability is slated to promote the adoption of diacetone alcohol as an organic solvent in different industries and drive regional market growth. The United States and Canada are slated to lead revenue generation in the North American region across the forecast period and beyond.
Rapidly expanding infrastructure development activity in the Asia Pacific region is slated to make this the fastest-expanding regional market in the world. Increasing disposable income, rising automotive production, and growing chemical manufacturing activity are other prospects that could bolster the demand for diacetone alcohol in this region going forward. China is slated to be the top market in this region owing to high availability of raw materials and supportive government initiatives to boost manufacturing in the country. India and Japan are other notable markets to watch out for in this region.
Global Diacetone Alcohol Market By Region
- Largest
- Fastest
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Diacetone Alcohol Market Dynamics
Drivers
High Use of Organic Solvents
- The demand for organic solvents from various industries is increasing rapidly, estimated to bolster diacetone alcohol market growth in the future. Surging use of high-performance coatings around the world will also boost the adoption of diacetone alcohol as a solvent going forward.
Growing Demand for Chemical Intermediates
- Growing use of diacetone alcohol as a chemical intermediate in the manufacturing of several downstream chemicals and pharmaceutical additives will also create new opportunities for diacetone alcohol companies over the coming years. Surge in chemical manufacturing activity will also foster diacetone alcohol market growth in the long run.
Restraints
Pollution During Production
- Production of diacetone alcohol creates a massive amount of pollution and with increasing focus on reduction of pollution around the world, manufacturers of diacetone alcohol are estimated to face immense difficulties in the future and this could slow down market development in the long run.
Safety Concerns
- Improper exposure to diacetone alcohol could be hazardous to human health in many ways, which is why its use is highly regulated with regulatory authorities worldwide. Complexities and strict mandates associated with storage, transportation, and usage of diacetone alcohol are slated to slow down market growth through 2031.
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Diacetone Alcohol Market Competitive Landscape
Diacetone alcohol producers should focus on incorporating sustainability in their manufacturing processes to comply with modern pollution regulations. Companies can also focus on reducing their production costs to maximize their profit margins. Collaborating and partnering with different industries could also allow Diacetone alcohol companies to bolster their sales and revenue generation potential in the future. Mergers and acquisitions could also emerge as popular strategies for companies looking to expand their market presence on a global level.
Top Player’s Company Profiles
- Mitsubishi Chemical Corporation
- Prasol Chemical Pvt. Ltd.
- Arkema Group
- Recoche Inc.
- Aarey Drugs & Pharmaceuticals Ltd.
- Tianjin Daofu Chemical New Technology
- KH Neochem Co. Ltd.
- TCI Chemicals Pvt. Ltd.
- SI Group Inc.
- Solvay S.A
- Alpha Chemika
- Arihant Solvents and Chemicals
- Monument Chemicals Inc.
- Solventis Ltd.
Recent Developments
- Back in April 2020, Mitsubishi Chemical America Inc., a subsidiary of the Japanese chemical giant Mitsubishi Chemical Corporation, announced that it had entered into an agreement to acquire Gelest Intermediate Holdings. Through this acquisition, the company strengthened its R&D capabilities and expanded its market presence.
- In July 2023, Arkema, a leading name in the diacetone alcohol business, announced the acquisition of Polytec PT to strengthen its position in the global diacetone alcohol marketplace. This move further increased the market valuation of Arkema.
- Prasol Chemicals, a renowned provider of acetone derivatives in April 2022 filed for an IPO with Indian market regulator SEBI. This will further bolster Prasol’s presence in the Indian as well as global diacetone alcohol marketplace.
Diacetone Alcohol Key Market Trends
- Investments in R&D: Companies are focusing on investing in the research and development of diacetone alcohol to amplify its application scope and create new products that could allow them to increase their product portfolio. Diacetone alcohol manufacturers can also use R&D efforts to minimize the hazardous effects of diacetone alcohol among humans and unlock the full potential of business going forward.
Diacetone Alcohol Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per our analysis, rapidly increasing chemical manufacturing activity and growing demand for organic solvents across several industry verticals are forecasted to bolster the demand for diacetone alcohol over the coming years. Growing automotive production, increasing construction activity, and rising demand for paints and coatings are other factors that could augment the demand for diacetone alcohol in the future. However, the high amount of pollution caused by diacetone alcohol production is forecasted to remain a key restraint for market development across the forecast period. Demand for diacetone alcohol in the Asia-Pacific region is slated to increase at the fastest CAGR of any region due to robust industrialization and cheap manufacturing costs. Companies should invest in the development of new diacetone alcohol products to maximize their business scope in the long run.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 1.2 billion |
| Market size value in 2031 | USD 1.83 billion |
| Growth Rate | 4.8% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Diacetone Alcohol Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Diacetone Alcohol Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Diacetone Alcohol Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Diacetone Alcohol Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Diacetone Alcohol Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Diacetone Alcohol Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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