Diacetone Alcohol Market
Diacetone Alcohol Market Analysis By Application (Solvents, Chemical Intermediaries, Cleaning, Drilling Fluids, Preservatives), By End Use (Paints & Coatings, Textiles, Automotive, Oil & Gas) - Global Forecast 2022 to 2032
Analysis of Diacetone Alcohol market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Diacetone Alcohol Market Outlook (2022 to 2032)
The global diacetone alcohol market is estimated to be US$ 1.44 Billion in 2022, and is forecast to surpass US$ 2.2 Billion by 2032, expanding at a steady 4.3% CAGR over the next ten years. Diacetone alcohol consumption accounts for around 2.8% share of the global alcohol market.
| Report Attributes | Details |
|---|---|
| Diacetone Alcohol Market Size (2021A) | US$ 1.4 Billion |
| Estimated Market Value (2022E) | US$ 1.44 Billion |
| Forecasted Market Value (2032F) | US$ 2.2 Billion |
| Global Market Growth Rate (2022 to 2032) | CAGR 4.3% |
| North America Market Share (2021) | ~ 33.1 % |
| North America Growth Rate (2022 to 2032) | CAGR 4.2% |
| U.S. Growth Rate (2022 to 2032) | 4.2% |
| Market Share of Top 5 companies | ~25.6% |
| Key Companies Profiled | SI Group; Monument Chemical; Arihant Solvents and Chemicals; Alpha Chemika; Prasol Chemicals Limited; Solvay; Arkema; KH Neochem |
Diacetone alcohol is alcohol ketone with a low evaporation rate, which is used as a solvent for both, polar substances and hydrogen bonding. Approximately 90% of diacetone alcohol solvents are used in water-based coating production.
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Diacetone Alcohol Market Historical Analysis (2017 to 2021) Vs. Market Forecasts (2022 to 2032)
As per latest market analysis by Fact.MR, a global market research and competitive intelligence provider, in 2021, the diacetone alcohol market stood at around US$ 1.4 billion. Solvents, as an application for diacetone alcohol, account for the highest share, and are mainly suitable for a wide range of contaminants.
Preservatives, under the application category, are anticipated to reach around US$ 261.5 million and create an absolute $ opportunity of US$ 81.3 million during 2022 to 2032.
Alcohol is a type of natural compound composed of at least one hydroxyl group attached to a saturated carbon atom. Acetone and alcohol can be used to smoothen shop equipment to remove particles with excessive evaporation rate after use. In addition, low raw materials, affordability, and several benefits of diacetone alcohol will encourage market players to invest in this space.
Diacetone liquor (DAA) is widely utilized in water-based coatings, inferable from its attributes such as magnificent dissolvability in water and most natural solvent. Water-based coatings are significantly acquiring prevalence in various works of art. They have been supplanting dissolvable-based coatings in the family and modern development areas.
Wide use of diacetone alcohol in paints & coatings, textiles, and automotive is escalating growth of the product market. The global textiles market has been propelled by factors such as greater amounts of disposable income, higher concentration of retailer stores, etc.
All these factors are estimated to drive demand growth of diacetone alcohol at 4.3% CAGR through 2032.
Which End Uses are Bringing in High Profits for Diacetone Alcohol Manufacturers?
“High Use of Diacetone Alcohol in Paints & Coatings”
Diacetone alcohol has been used as an alternative solvent for benzene. Benzene was used before as a solvent in paints & coatings. However, benzene was banned due to environmental concerns.
Diacetone alcohol is an essential solvent in paints & coatings to protect metallic substrates against corrosion. One of the significant properties of diacetone alcohol is low toxicity, which leads to the safety of people nearby. These factors are estimated to drive market demand by 1.6X over the assessment period.
“Rising Diacetone Alcohol Usage as Solvent”
Diacetone alcohol is also used as for solvent extracting in the distillation process of waxes and resins. Demand for low-volatile, high-quality, with a wide range of benefits is estimated to propel diacetone alcohol demand over the coming years.
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Region-wise Analysis
Which Region Market Accounts for Highest Demand for Diacetone Alcohol?
“North America Diacetone Alcohol Market Prominent”
The North America diacetone alcohol market accounts for the largest market share of 31.1%. The regional market is expected to register a CAGR of 4.2% over the forecast years.
Extensive use of diacetone alcohol in cosmetics (nail polish, shaving creams, eye makeup preparation), along with being used as a preservative of animal tissues, attracts regional manufacturers to expand their product portfolios. Additionally, the affordable price of diacetone alcohol is propelling its market.
What is the Asia Pacific Diacetone Alcohol Market Stance?
“Rising Diacetone Alcohol Usage as Solvent”
The APAC diacetone alcohol market increased in market valuation from US$ 345.2 million in 2017 to US$ 401.6 million in 2021, reflecting a CAGR of 3.9%.
Rise in demand for diacetone alcohol in multiple applications such as solvents, preservatives, drilling fluids, cleaning, etc., will support market growth. Additionally, the eco-friendly nature of the product will also demand in the region over the coming years.
Country-wise Analysis
Which Countries Will See Substantial Consumption of Diacetone Alcohol?
“United States to Account for Highest Consumption of Diacetone Alcohol”
The United States diacetone alcohol market accounts for the largest market share, i.e., 28.9% in 2022, and is projected to register a CAGR of 4.2% during the forecast years.
Upsurge in demand for diacetone alcohol for end uses such as textiles, paints & coatings, pharmaceutical preparation, primers and pesticides, etc., is responsible for the growth of the product market.
Will of Diacetone Alcohol Suppliers Gain Substantial Profits in China?
“Easy Raw Material Availability and Low Cost in China”
The China diacetone alcohol market accounts for the second-largest market share of 11.6% in 2022.
Wide use of diacetone alcohol as a chemical intermediary opens the doors for manufacturers. Easy availability of raw material and low cost is beneficial for diacetone alcohol manufacturers from China.
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Category-wise Insights
Which End Use of Diacetone Alcohol is Most Prominent?
“High Demand for Use in Paints & Coatings”
Under the end use segment, the diacetone alcohol market is segmented into paints & coatings, textiles, automotive, oil & gas, and other end uses.
The paints & coatings segment holds 32.4% of the overall market share, and is projected to witness growth at 6%. Market value of paints & coatings in 2020 was approximately US$ 107.5 million, but dropped by 34% due to the novel coronavirus pandemic.
Where is Diacetone Alcohol Application the Highest?
“Application in Solvents to Remain High”
Diacetone alcohol application is segmented into solvents, chemical intermediaries, cleaning, drilling fluids, preservatives, and other applications.
Solvents lead by holding 24.5% of the overall market share, and are projected to register a CAGR of 4.9% over the forecast period.
Prominent market players such as Sherwin-Williams and PPG are confirming the supply of DAA due to an increase in consumption of diacetone alcohol. The solvent segment is estimated to provide a gain of 160 BPS to the global diacetone alcohol market during the assessment years of 2022 to 2032.
Competition 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.
Fact.MR has provided detailed information about the price points of key manufacturers in diacetone alcohol positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.
Key Segments of Diacetone Alcohol Industry Survey
-
By Application :
- Solvents
- Chemical Intermediaries
- Cleaning
- Drilling Fluids
- Preservatives
- Other Applications
-
By End Use :
- Paints & Coatings
- Textiles
- Automotive
- Oil & Gas
- Other End Uses
-
By Region :
- North America Diacetone Alcohol Market
- Latin America Diacetone Alcohol Market
- Europe Diacetone Alcohol Market
- APAC Diacetone Alcohol Market
- MEA Diacetone Alcohol Market
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Key Market Trends
- 4. Market Background and Foundation Data Points
- 5. Global Market Demand Volume (Tons) 2017 to 2021 Analysis and Forecast, 2022 to 2032
- 6. Global Market - Pricing Analysis
- 7. Global Market Value (USD Million) 2017 to 2021 Analysis and Forecast, 2022 to 2032
- 8. Global Market 2017 to 2021 Analysis and Forecast 2022 to 2032, By Application
- 8.1. Solvents
- 8.2. Chemical Intermediaries
- 8.3. Cleaning
- 8.4. Drilling Fluids
- 8.5. Preservatives
- 8.6. Other Applications
- 9. Global Market 2017 to 2021 Analysis and Forecast 2022 to 2032, By End-Use
- 9.1. Paints & Coatings
- 9.2. Textile
- 9.3. Automotive
- 9.4. Oil & Gas
- 9.5. Other End-Use
- 10. Global Market 2017 to 2021 Analysis and Forecast 2022 to 2032, By Region
- 10.1. North America
- 10.2. Latin America
- 10.3. Europe
- 10.4. APAC
- 10.5. MEA
- 11. North America Market 2017 to 2021 Analysis and Forecast 2022 to 2032
- 12. Latin America Market 2017 to 2021 Analysis and Forecast 2022 to 2032
- 13. Europe Market 2017 to 2021 Analysis and Forecast 2022 to 2032
- 14. APAC Market 2017 to 2021 Analysis and Forecast 2022 to 2032
- 15. Middle East and Africa Market 2017 to 2021 Analysis and Forecast 2022 to 2032
- 16. Key Countries Market Analysis 2017 to 2021 Analysis and Forecast 2022 to 2032
- 17. Market Structure Analysis
- 18. Competition Analysis
- 18.1. Galaxy Chemicals
- 18.2. Arihant Solvents and Chemicals
- 18.3. Prasol Chemicals Limited
- 18.4. Alpha Chemika
- 18.5. Arkema
- 18.6. KH Neochem
- 18.7. Solvay
- 18.8. SI Group
- 18.9. Recoche Inc
- 18.10. Monument Chemical
- 18.11. Aarey Drugs & Pharmaceuticals Ltd.
- 19. Assumptions & Acronyms Used
- 20. Research Methodology
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List Of Table
Table 01: Global Market Value (USD Million) and Volume (Tons) and Forecast by Region, 2017 to 2021
Table 02: Global Market Value (USD Million) and Volume (Tons) and Forecast by Region, 2022 to 2032
Table 03: Global Market Volume (Tons) and Forecast by Region, 2017 to 2021
Table 04: Global Market Volume (Tons) and Forecast by Region, 2022 to 2032
Table 05: Global Market Value (USD Million) and Volume (Tons) and Forecast by Application , 2017 to 2021
Table 06: Global Market Value (USD Million) and Volume (Tons) and Forecast by Application 2022 to 2032
Table 07: Global Market Volume (Tons) and Forecast by Application 2017 to 2021
Table 08: Global Market Volume (Tons) and Forecast by Application 2022 to 2032
Table 09: Global Market Value (USD Million) and Volume (Tons) and Forecast by End-Use, 2017 to 2021
Table 10: Global Market Value (USD Million) and Volume (Tons) and Forecast by End-Use, 2022 to 2032
Table 11: Global Market Volume (Tons) and Forecast by End-Use, 2017 to 2021
Table 12: Global Market Volume (Tons) and Forecast by End-Use, 2022 to 2032
Table 13: North America Market Value (USD Million) and Volume (Tons) and Forecast by Country, 2017 to 2021
Table 14: North America Market Value (USD Million) and Volume (Tons) and Forecast by Country, 2022 to 2032
Table 15: North America Market Volume (Tons) and Forecast by Country, 2017 to 2021
Table 16: North America Market Volume (Tons) and Forecast by Country, 2022 to 2032
Table 17: North America Market Value (USD Million) and Volume (Tons) and Forecast by Application 2017 to 2021
Table 18: North America Market Value (USD Million) and Volume (Tons) and Forecast by Application 2022 to 2032
Table 19: North America Market Volume (Tons) and Forecast by Application 2017 to 2021
Table 20: North America Market Volume (Tons) and Forecast by Application 2022 to 2032
Table 21: North America Market Value (USD Million) and Volume (Tons) and Forecast by End-Use, 2017 to 2021
Table 22: North America Market Value (USD Million) and Volume (Tons) and Forecast by End-Use, 2022 to 2032
Table 23: North America Market Volume (Tons) and Forecast by End-Use, 2017 to 2021
Table 24: North America Market Volume (Tons) and Forecast by End-Use, 2022 to 2032
Table 25: Latin America Market Value (USD Million) and Volume (Tons) and Forecast by Country, 2017 to 2021
Table 26: Latin America Market Value (USD Million) and Volume (Tons) and Forecast by Country, 2022 to 2032
Table 27: Latin America Market Volume (Tons) and Forecast by Country, 2017 to 2021
Table 28: Latin America Market Volume (Tons) and Forecast by Country, 2022 to 2032
Table 29: Latin America Market Value (USD Million) and Volume (Tons) and Forecast by Application 2017 to 2021
Table 30: Latin America Market Value (USD Million) and Volume (Tons) and Forecast by Application 2022 to 2032
Table 31: Latin America Market Volume (Tons) and Forecast by Application 2017 to 2021
Table 32: Latin America Market Volume (Tons) and Forecast by Application 2022 to 2032
Table 33: Latin America Market Value (USD Million) and Volume (Tons) and Forecast by End-Use, 2017 to 2021
Table 34: Latin America Market Value (USD Million) and Volume (Tons) and Forecast by End-Use, 2022 to 2032
Table 35: Latin America Market Volume (Tons) and Forecast by End-Use, 2017 to 2021
Table 36: Latin America Market Volume (Tons) and Forecast by End-Use, 2022 to 2032
Table 37: Europe Market Value (USD Million) and Volume (Tons) and Forecast by Country, 2017 to 2021
Table 38: Europe Market Value (USD Million) and Volume (Tons) and Forecast by Country, 2022 to 2032
Table 39: Europe Market Volume (Tons) and Forecast by Country, 2017 to 2021
Table 40: Europe Market Volume (Tons) and Forecast by Country, 2022 to 2032
Table 41: Europe Market Value (USD Million) and Volume (Tons) and Forecast by Application 2017 to 2021
Table 42: Europe Market Value (USD Million) and Volume (Tons) and Forecast by Application 2022 to 2032
Table 43: Europe Market Volume (Tons) and Forecast by Application 2017 to 2021
Table 44: Europe Market Volume (Tons) and Forecast by Application 2022 to 2032
Table 45: Europe Market Value (USD Million) and Volume (Tons) and Forecast by End-Use, 2017 to 2021
Table 46: Europe Market Value (USD Million) and Volume (Tons) and Forecast by End-Use, 2022 to 2032
Table 47: Europe Market Volume (Tons) and Forecast by End-Use, 2017 to 2021
Table 48: Europe Market Volume (Tons) and Forecast by End-Use, 2022 to 2032
Table 49: APAC Market Value (USD Million) and Volume (Tons) and Forecast by Country, 2017 to 2021
Table 50: APAC Market Value (USD Million) and Volume (Tons) and Forecast by Country, 2022 to 2032
Table 51: APAC Market Volume (Tons) and Forecast by Country, 2017 to 2021
Table 52: APAC Market Volume (Tons) and Forecast by Country, 2022 to 2032
Table 53: APAC Market Value (USD Million) and Volume (Tons) and Forecast by Application 2017 to 2021
Table 54: APAC Market Value (USD Million) and Volume (Tons) and Forecast by Application 2022 to 2032
Table 55: APAC Market Volume (Tons) and Forecast by Application 2017 to 2021
Table 56: APAC Market Volume (Tons) and Forecast by Application 2022 to 2032
Table 57: APAC Market Value (USD Million) and Volume (Tons) and Forecast by End-Use, 2017 to 2021
Table 58: APAC Market Value (USD Million) and Volume (Tons) and Forecast by End-Use, 2022 to 2032
Table 59: APAC Market Volume (Tons) and Forecast by End-Use, 2017 to 2021
Table 60: APAC Market Volume (Tons) and Forecast by End-Use, 2022 to 2032
Table 61: MEA Market Value (USD Million) and Volume (Tons) and Forecast by Country, 2017 to 2021
Table 62: MEA Market Value (USD Million) and Volume (Tons) and Forecast by Country, 2022 to 2032
Table 63: MEA Market Volume (Tons) and Forecast by Country, 2017 to 2021
Table 64: MEA Market Volume (Tons) and Forecast by Country, 2022 to 2032
Table 65: MEA Market Value (USD Million) and Volume (Tons) and Forecast by Application 2017 to 2021
Table 66: MEA Market Value (USD Million) and Volume (Tons) and Forecast by Application 2022 to 2032
Table 67: MEA Market Volume (Tons) and Forecast by Application 2017 to 2021
Table 68: MEA Market Volume (Tons) and Forecast by Application 2022 to 2032
Table 69: MEA Market Value (USD Million) and Volume (Tons) and Forecast by End-Use, 2017 to 2021
Table 70: MEA Market Value (USD Million) and Volume (Tons) and Forecast by End-Use, 2022 to 2032
Table 71: MEA Market Volume (Tons) and Forecast by End-Use, 2017 to 2021
Table 72: MEA Market Volume (Tons) and Forecast by End-Use, 2022 to 2032
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List Of Figures
Figure 01: Global Market Value (USD Million) and Volume (Tons) Forecast, 2022 to 2032
Figure 02: Global Market Absolute $ Opportunity (USD Million), 2022 to 2032
Figure 03: Global Market Value (USD Million) and Volume (Tons) by Region, 2022 & 2032
Figure 04: Global Market Y-o-Y Growth Rate by Region, 2022 to 2032
Figure 05: Global Market Value (USD Million) and Volume (Tons) by Application , 2022 & 2032
Figure 06: Global Market Y-o-Y Growth Rate by Application , 2022 to 2032
Figure 07: Global Market Value (USD Million) and Volume (Tons) by End-Use , 2022 & 2032
Figure 08: Global Market Y-o-Y Growth Rate by End-Use , 2022 to 2032
Figure 09: North America Market Value (USD Million) and Volume (Tons) Forecast, 2022 to 2032
Figure 10: North America Market Absolute $ Opportunity (USD Million), 2022 to 2032
Figure 11: North America Market Value (USD Million) and Volume (Tons) by Country, 2022 & 2032
Figure 12: North America Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 13: North America Market Value (USD Million) and Volume (Tons) by Application , 2022 & 2032
Figure 14: North America Market Y-o-Y Growth Rate by Application , 2022 to 2032
Figure 15: North America Market Value (USD Million) and Volume (Tons) by End-Use , 2022 & 2032
Figure 16: North America Market Y-o-Y Growth Rate by End-Use , 2022 to 2032
Figure 17: North America Market Attractiveness Analysis by Country, 2022 to 2032
Figure 18: North America Market Attractiveness Analysis by Application , 2022 to 2032
Figure 19: North America Market Attractiveness Analysis by End-Use , 2022 to 2032
Figure 20: Latin America Market Value (USD Million) and Volume (Tons) Forecast, 2022 to 2032
Figure 21: Latin America Market Absolute $ Opportunity (USD Million), 2022 to 2032
Figure 22: Latin America Market Value (USD Million) and Volume (Tons) by Country, 2022 & 2032
Figure 23: Latin America Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 24: Latin America Market Value (USD Million) and Volume (Tons) by Application , 2022 & 2032
Figure 25: Latin America Market Y-o-Y Growth Rate by Application , 2022 to 2032
Figure 26: Latin America Market Value (USD Million) and Volume (Tons) by End-Use , 2022 & 2032
Figure 27: Latin America Market Y-o-Y Growth Rate by End-Use , 2022 to 2032
Figure 28: Latin America Market Attractiveness Analysis by Country, 2022 to 2032
Figure 29: Latin America Market Attractiveness Analysis by Application , 2022 to 2032
Figure 30: Latin America Market Attractiveness Analysis by End-Use , 2022 to 2032
Figure 31: Europe Market Value (USD Million) and Volume (Tons) Forecast, 2022 to 2032
Figure 32: Europe Market Absolute $ Opportunity (USD Million), 2022 to 2032
Figure 33: Europe Market Value (USD Million) and Volume (Tons) by Country, 2022 & 2032
Figure 34: Europe Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 35: Europe Market Value (USD Million) and Volume (Tons) by Application , 2022 & 2032
Figure 36: Europe Market Y-o-Y Growth Rate by Application , 2022 to 2032
Figure 37: Europe Market Value (USD Million) and Volume (Tons) by End-Use , 2022 & 2032
Figure 38: Europe Market Y-o-Y Growth Rate by End-Use , 2022 to 2032
Figure 39: Europe Market Attractiveness Analysis by Country, 2022 to 2032
Figure 40: Europe Market Attractiveness Analysis by Application , 2022 to 2032
Figure 41: Europe Market Attractiveness Analysis by End-Use , 2022 to 2032
Figure 42: APAC Market Value (USD Million) and Volume (Tons) Forecast, 2022 to 2032
Figure 43: APAC Market Absolute $ Opportunity (USD Million), 2022 to 2032
Figure 44: APAC Market Value (USD Million) and Volume (Tons) by Country, 2022 & 2032
Figure 45: APAC Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 46: APAC Market Value (USD Million) and Volume (Tons) by Application , 2022 & 2032
Figure 47: APAC Market Y-o-Y Growth Rate by Application , 2022 to 2032
Figure 48: APAC Market Value (USD Million) and Volume (Tons) by End-Use , 2022 & 2032
Figure 49: APAC Market Y-o-Y Growth Rate by End-Use , 2022 to 2032
Figure 50: APAC Market Attractiveness Analysis by Country, 2022 to 2032
Figure 51: APAC Market Attractiveness Analysis by Application , 2022 to 2032
Figure 52: APAC Market Attractiveness Analysis by End-Use , 2022 to 2032
Figure 53: MEA Market Value (USD Million) and Volume (Tons) Forecast, 2022 to 2032
Figure 54: MEA Market Absolute $ Opportunity (USD Million), 2022 to 2032
Figure 55: MEA Market Value (USD Million) and Volume (Tons) by Country, 2022 & 2032
Figure 56: MEA Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 57: MEA Market Value (USD Million) and Volume (Tons) by Application , 2022 & 2032
Figure 58: MEA Market Y-o-Y Growth Rate by Application , 2022 to 2032
Figure 59: MEA Market Value (USD Million) and Volume (Tons) by End-Use , 2022 & 2032
Figure 60: MEA Market Y-o-Y Growth Rate by End-Use , 2022 to 2032
Figure 61: MEA Market Attractiveness Analysis by Country, 2022 to 2032
Figure 62: MEA Market Attractiveness Analysis by Application , 2022 to 2032
Figure 63: MEA Market Attractiveness Analysis by End-Use , 2022 to 2032
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What valuation does the global diacetone alcohol market enjoy?
The global diacetone alcohol market is estimated to be worth over US$ 1.44 billion in 2022.
How is global demand expected to pan out?
Demand for diacetone alcohol is anticipated to reach US$ 2.2 billion by 2032.
At what rate did the market expand over the last 5 years?
Over the past half-decade, global consumption of diacetone alcohol increased at 3.5% CAGR.
Who are the well-known manufacturers of diacetone alcohol?
Prominent suppliers of diacetone alcohol are Galaxy Chemicals, Arihant Solvents and Chemicals, Prasol Chemicals Limited, and Alpha Chemika.
Which region leads the global market for diacetone alcohol?
North America tops the global diacetone alcohol market accounting for 33.1% market share in 2022.
Which end use of diacetone alcohol is most prominent?
Paints & coatings contribute 32.4% share to the global sales of diacetone alcohol.
Diacetone Alcohol Market