Diacetone Alcohol Market 2019 | Forecast, Size, Growth, Opportunities, and Trends 2023

Overview:

The Diacetone Alcohol (DAA) Market is making significant progress as the use of solvent in industrial and consumer products are witnessing a rise. Diacetone alcohol is a highly soluble oxygenated solvent which gets derived from non-ethanol components. It generally finds use in the purification process, and as a component in the manufacturing of adhesives, paints, thinners, and household cleaners. The Global Diacetone Alcohol Market is touted to witness 4.85% CAGR during the forecast period (2016-2023) and can reach an estimated value of USD 1,594.5 million by 2023, reveals Market Research Future (MRFR) in a report published on the same market.

The report further includes several factors such as diacetone alcohol’s increasing demand for paints & coatings, textile, automotive sectors as main market drivers. Other segments such as manufacturing of nitrocellulose, acrylic and cellulose acetate lacquers can propel the growth of diacetone alcohol market growth as DAA gets extensively used in these sectors as solvent blends.

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However, the alternative solvent market can be a significant threat to the Diacetone Alcohol Market growth as the former has the potential to dampen the latter’s market prospect. But changing strategies of the companies and willingness to penetrate the previously untapped developing regions can boost the Diacetone Alcohol Market growth.

Segmentation:

The Global Diacetone Alcohol Market can be segmented by Application and End-Use Industry.

Application-wise segmentation of the Diacetone Alcohol Market includes solvents, chemical intermediates, cleaning, drilling fluids, and preservatives, and others. Solvents segment hold the maximum market share and is expected to enjoy growth by 5.70% CAGR during the forecast period. Chemical intermediate assumes the second position with around 21% of the entire market share.

Based on End-Use Industry, the Diacetone Alcohol can be segmented into paints & coating, textiles, automotive, and oil & gas, and other. Paints & coating industry hogs the maximum share and is expected to grow with the fastest CAGR and reach a valuation of USD 610 million by 2023. Textile and automotive industry are also providing much needed thrust to the market.

Regional Analysis:

Geographically, the Diacetone Alcohol Market comprises regions namely North America, Asia Pacific (APAC), Europe, Latin America (LATAM), and Middle East & Africa (MEA).

The APAC region accounts for the maximum market share and is expected to retain its premier position by expanding the horizon with the fastest CAGR of 5.34% during the forecast period. Increase in export, booming industries, and favorable industrial ambiance are triggering the growth of the regional market.

North America is the second largest market with a projected valuation of USD 331.4 million by 2023. The U.S. accounts for the maximum market share and is anticipated to dominate in the coming years as well owing to its densely packed end-user industries. Europe, with almost 18% of the global market share, is doing well in the Global Diacetone Alcohol Market. Germany is the dominant country in the region.

Competitive Insights:

Several strategies have been employed by major market influencers for better Diacetone Alcohol Market exposure. These strategies include merger, acquisition, collaboration, and other methods that not only help companies in cementing their stronghold but the market gains momentum as well.

Arkema JV’s decision to buy Nitta-Gelatin Inc. to expand and strengthen their adhesive business presence in Japan is expected to drive the Diacetone Alcohol Market forward in the region.

Recochem Inc.’s acquisition by the H.I.G Capital is also indicative of expansion strategies as the latter’s global presence would help Recochem Inc. in gaining worldwide presence.

Prominent players in the Global Diacetone Alcohol Market are 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), and SRI NEELIMA LABORATORIES (India), and others.

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Diacetone Alcohol Market Growth Trends, Cost Structure, Driving Factors and Future Prospects 2023

Global Diacetone Alcohol Market   Overview

Diacetone Alcohol or DAA, an oxygenated solvent with high solubility property is a derivative of Alcohol with the non-ethanol component. Diacetone Alcohol is prominently used as a solvent in industrial and consumer products for purification process, adhesives, paints, thinners and household cleaners. This is the key factor propelling the market growth and continuing with the same trend; the market will perceive a significant increase.

Acknowledging the kind of traction gained by this market, Market Research Future recently published a study report. According to the report, continuing with the same trends, the global DAA market is projected to accrue USD 1,594.5 Million by 2023 at a CAGR of 4.85%   during 2017 to 2023. This will be attributed to increased absorption of DAA by the prominent end-use industries.

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Moreover, DAA is water and oil soluble and hence extensively used across industries such as into paints & coating, textiles, automotive, and oil & gas providing impetus to the market growth. Textile and automotive industry are closely following the leading segment that is paints & coatings industry. Other factors that fuel the DAA market growth include growing population, increasing demand for crude oil and depleting reserves of oil, gas & water, improving economic conditions, industrialization & urbanization.

Industry/ Innovation/ Related News:

May 17, 2018 – Arkema S.A., (France) One of the global producers of DAA announced the acquisition of the industrial adhesives business of Nitta-Gelatin Inc. (Japan), one of the leaders in the global gelatin and collagen peptide markets. This is expected to expand Arkema’s industrial adhesives presence in Japan. Through their Joint venture – an adhesives subsidiary – Bostik S.A., Arkema and Nitta operate Bostik-Nitta, which produces industrial adhesives. The Joint venture represents sales of about $35.4 million.

February 21, 2017 – Arkema S.A., announced a price increase of 250 to 300 Euros per ton or as contracts allow for its Diacétone Alcool (DAA), along with some other oxygenated solvents, effective from March 1st 2017.  The company mentions that the higher energy and raw materials costs are the main reasons, the company has taken the decision of this hike.

January 26, 2017 – Arkema, announced that the company produces Oxo alcohols on the Lavéra site (France) in a 50/50 manufacturing JV with INEOS. These products are used during the production of the Group’s acrylic esters in Europe. As part of the program to divert €700 million sales, the Group announced the project. Moreover, INEOS will continue to supply the Group’s acrylic esters units.

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Global DAA Market   – Segments

MRFR has segmented the market into three key dynamics.

By Application: Comprises – Solvents, Chemical Intermediates, Cleaning, Drilling Fluids, Preservatives, and other.

By End-Use Industries:  Paints & Coating, Textiles, Automotive, Oil & Gas, other.

By Regions:  North America, Europe, APAC and Rest of the World.

Segment Solvents accounts for the leading segment by application with maximum share and is estimated to grow at a CAGR of 5.70%.

Chemical intermediate accounts for the second largest segment by applications in the Global DAA Market owning 21% share.

Segment Paints & Coatings is a leading segment by End-Use Industries and is expected to reach US$ 610.0 MN, by the end of 2023, growing at highest CAGR.

Global DAA Market   – Regional Analysis

The Asia Pacific accounted for the leading market in 2016, possessing the largest market share. Retaining its dominance, the region is estimated to register 5.34% CAGR during the review period. Factors such as rapid industrialization and the presence of numerous producers coupled with the availability of cost-comprehensive labor-force and growing exports drive the regional market growth.

North America, accounted for the second largest market, in 2016 and is further expected to reach US$ 331.4 Mn by 2023. The U.S. among the other North American countries, backed by the greater penetration of end-user industries in the country, accounts for the major contributor to the market growth. As the third largest market for Diacetone Alcohol, Europe accounted for of 18% market share in 2016.

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Germany dominates the European market share in terms of value and volume due to increasing demand for paints & coatings from both household and automotive industry. The Middle East & Africa and Latin America, regions are estimated to grow at a moderate rate during the forecast period.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact: Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com

Diacetone Alcohol Market 2018 | Driving Factors, Industry Analysis, Investment Feasibility and Trends, Outlook -2023

Global Diacetone Alcohol Market Overview

Diacetone Alcohol or DAA, an oxygenated solvent with high solubility property is a derivative of Alcohol with the non-ethanol component. Diacetone Alcohol is prominently used as a solvent in industrial and consumer products for purification process, adhesives, paints, thinners and household cleaners. This is the key factor propelling the market growth and continuing with the same trend; the market will perceive a significant increase.

Acknowledging the kind of traction gained by this market, Market Research Future recently published a study report. According to the report, continuing with the same trends, the Global Diacetone Alcohol Market is projected to accrue USD 1,594.5 Million by 2023 at a CAGR of 4.85%   during 2017 to 2023. This will be attributed to increased absorption of DAA by the prominent end-use industries. 

Industry/ Innovation/ Related News: 

May 17, 2018 – Arkema S.A., (France) One of the global producers of DAA announced the acquisition of the industrial adhesives business of Nitta-Gelatin Inc. (Japan), one of the leaders in the global gelatin and collagen peptide markets. This is expected to expand Arkema’s industrial adhesives presence in Japan. Through their Joint venture – an adhesives subsidiary – Bostik S.A., Arkema and Nitta operate Bostik-Nitta, which produces industrial adhesives. The Joint venture represents sales of about $35.4 million.

February 21, 2017 – Arkema S.A., announced a price increase of 250 to 300 Euros per ton or as contracts allow for its Diacétone Alcool (DAA), along with some other oxygenated solvents, effective from March 1st 2017.  The company mentions that the higher energy and raw materials costs are the main reasons, the company has taken the decision of this hike. 

Global DAA Market – Regional Analysis 

The Asia Pacific accounted for the leading market in 2016, possessing the largest market share. Retaining its dominance, the region is estimated to register 5.34% CAGR during the review period. Factors such as rapid industrialization and the presence of numerous producers coupled with the availability of cost-comprehensive labor-force and growing exports drive the regional market growth.
North America, accounted for the second largest market, in 2016 and is further expected to reach US$ 331.4 Mn by 2023. The U.S. among the other North American countries, backed by the greater penetration of end-user industries in the country, accounts for the major contributor to the market growth. As the third largest market for Diacetone Alcohol, Europe accounted for of 18% market share in 2016.

Germany dominates the European market share in terms of value and volume due to increasing demand for paints & coatings from both household and automotive industry. The Middle East & Africa and Latin America, regions are estimated to grow at a moderate rate during the forecast period. 

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Diacetone Alcohol Market has been increasing tremendously, growing at CAGR of 4.85%

Market Research Future (MRFR) recognizes the following companies as the key players in the Global Diacetone Alcohol Market that includes 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), and SRI NEELIMA LABORATORIES (India), among others.

Market Highlights:
Commenting on this report, an analyst from Market Research Future (MRFR)’s team said the, “The Diacetone Alcohol Market is estimated to be valued at USD 1,594.5 million by 2023 and expected to grow at CAGR of 4.85% during the forecast period.”

End use industry of Diacetone Alcohol in paints & coatings industry accounted for the largest market share. It has been projected to grow at highest CAGR on account of increasing demand from household and automotive industries. Textile industry is the second major consumer of diacetone alcohols. Growth of paints & coatings industry owing to increasing demand from growing construction activities. The major factors driving growth of the Global Diacetone Alcohols Market includes rise in demand among solvent manufacturers coupled with subsequent growth in paints & coatings industry. In addition to this, growth textile industry on account of surge in apparel consumption, which is anticipated to reach a trillion figure during the forecast period. However, the bottleneck in a growth trajectory of the Global Diacetone Alcohols Market includes fluctuating crude oil prices, which is affecting the supply and demand balance in the market. In addition to this, the fragmentation of market is leading to competitive pricing. Nevertheless, in coming years, the technological advancements in sustainable and economical production of Diacetone Alcohol by reducing effects on environment is anticipated to help the market overcome existing growth constrains during the forecast period.

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Segment Analysis:
Global Diacetone Alcohol Market has been segmented on the basis of, application, end use industry, and region. On the basis of application, the market has been divided into solvents, chemical intermediates, cleaning, drilling fluids, and preservatives, among others. Among these applications, the use of Diacetone Alcohol as a solvent is holding major share of market which is growing at highest CAGR of 5.70%. The product is also used in cellulose ester lacquers, particularly of the brushing type, where it produces brilliant gloss and hard film and where its lack of odor is desirable. It is also used in lacquer thinners, dopes, wood stains, wood preservatives and printing pastes. Their major end use can be seen in industries such as paints & coatings and textile. Chemical intermediate is a second major application of Diacetone Alcohol holding 21% share of the market. Application of Diacetone Alcohol as a metal cleaning compounds in number of industries is growing at considerable CAGR in the Global Diacetone Alcohol Market. Diacetone Alcohol also fined their application as drilling fluid in mining industry. Growing demand of minerals is anticipated to drive demand of Diacetone Alcohol in mining applications which is projected to fuel the demand of this product.
Based on end use industry, the Global Diacetone Alcohol Market is segmented into paints & coating, textiles, automotive, and oil & gas, among others. Among these segments, the consumption of Diacetone Alcohol in paints & coating industry accounts for the largest market share, owing to increasing uses of Diacetone Alcohol as a solvent and chemical intermediate. During the forecast period, paints & coatings industry segment is estimated grow at highest CAGR as to reach USD 610.0 million by the end of 2023. Textiles industry is the second major consumer of Diacetone Alcohols, wherein they are used in making artificial silk and leather. Other important end use industries of Diacetone Alcohols can be found in automotive, and oil & gas, among others in Diacetone Alcohols penetrated equally.

Regional Analysis:
Geographically, the Global Diacetone Alcohol Market is segmented into Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. As per MRFR analysis, Asia Pacific dominated the market, accounted for the largest share of the market in 2016, and expected to grow at CAGR of 5.34%. Asia Pacific market is followed by North America, which accounted for the second largest number of shares in the Global Diacetone Alcohols Market, as of 2016. It is estimated to reach USD 331.4 million, by the end of 2023. Europe is another substantial regional in the market, which accounts for 18% share of market as of 2016. Country wise, China is the leading market, in terms of value and volume, which is followed by the U.S.

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Diacetone Alcohol Market 2017: Company Profiles, Market Segments, Landscape and Demand by Forecast 2023

Diacetone Alcohol or DAA is an oxygenated solvent found in fruits, and can be produced from acetone. It is represented by the molecular formula C6H12O2 and with CAS number 123-42-2. It’s chemically known as 2-methyl-2-pentanol-4-one, diacetonic alcohol, dimethylacetonicarbinol, pyranton A, and 4-hydroxy-2-ceto-4-methyl-pentane. It is transparent and odorless and has a low evaporation rate. It is widely used as an industrial and consumer based solvent. Diacetone Alcohol is useful in various industries such as automobile, textiles, building & construction, agriculture, plastics, paint & coating, and others. Among all, it is mainly used in paints & coatings industry such as for varnishes, coil coatings, architectural coatings, and others.

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Furthermore, it is not categorized as harmful for the environment. Diacetone Alcohol substance meets the requirements of the most stringent regulations for all applicable consumer applications and has been registered under EU regulation (EC) 1907/2006 (REACH). Asia Pacific is a dominant market for Diacetone Alcohol, due to its application in various growing industries such as paint & coating, plastic, automotive, and others.

Key Players:
Key players of the Global Diacetone Alcohol Market are Solvay S.A. (Belgium), Arkema Group (Europe), Huntsman International LLC (US), Monument Chemical Inc. (US), Recochem Inc. (Australia), GALAXY CHEMICALS (India), Prasol Chemicals Limited (India), Aareydrugs & Pharmaceuticals Ltd. (India), Shanghai Jianyuan Chemical Co.,Ltd. (China), SRI NEELIMA LABORATORIES ( India), and others.

Study Objectives:

• To provide detailed analysis of the market structure along with forecast for the next seven years of various segments and sub-segments of the Global Diacetone Alcohol Market.
• To understand the supply and demand dynamics including supply and consumption concentration mapping.
• To provide region level market analysis and future outlook for regions like North America, Europe, Asia, and Latin America, Middle East & Africa, and their countries.
• To provide competitor positioning of the market.
• To provide company profiling of major players in the market along with their production and capacity.
• To provide regional trade analysis.
• To evaluate historical market trends, patents and technologies, and current government regulatory requirements that are relevant to the market.

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           Segmentation:
The Global Diacetone Alcohol Market is majorly segmented on the basis of application, end users, and region. Based on the application of Diacetone Alcohols, the market is segmented into solvents, adhesives, cleaning, preservatives, and others. On the other hand, based on end user, the market is segmented into automobile, textiles, building & construction, agriculture, plastics, paint & coating, and others. Similarly, based on region, this market is segmented into North America, Europe, APAC, Latin America, and Middle East & Africa.

Key Points from Table of Contents:

11.    Company Profiles   

11.1    Solvay S.A.
11.1.1    Company Overview
11.1.2    Product/Business Segment Overview
11.1.3    Financial Updates
11.1.4    Key Developments
11.2    Arkema Group
11.2.1    Company Overview
11.2.2    Product/Business Segment Overview
11.2.3    Financial Updates
11.2.4    Key Developments

11.3    Huntsman International LLC
11.3.1    Company Overview
11.3.2    Product/Business Segment Overview
11.3.3    Financial Updates
11.3.4    Key Developments

11.4       Monument Chemical Inc.
11.4.1    Company Overview
11.4.2    Product/Business Segment Overview
11.4.3    Financial Updates
11.4.4    Key Developments

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