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

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.