Global Diacetone Alcohol Market Size, Share, Trends, Industry Growth by Application (Solvents, Chemical Intermediaries, Cleaning, Drilling Fluids, Preservatives, Others), by End-Use (Paints & Coatings, Textiles, Automotive, Oil & Gas, Others), by Region, and Forecast to 2030

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The global diacetone alcohol market size is anticipated to grow at a significant CAGR of around 5% during the forecast period from 2023 to 2030. The market is propelled by the expanding paints and coatings industry, where it serves as a solvent, driven by construction and automotive sectors. Additionally, its use in adhesives, sealants, and cleaning products, particularly in response to growing industrial activities and increased demand for cleaning agents, contributes to market growth. The chemical’s role as an intermediate in chemical production and its suitability for various industrial applications further bolster its demand. Advances in manufacturing technologies and a shift toward eco-friendly solvents align with market trends. Economic conditions, environmental regulations, and consumer preferences also shape the diacetone alcohol market dynamics, highlighting its sensitivity to a diverse range of factors influencing industrial chemical demand and application versatility. Ongoing research and development efforts contribute to potential expansions in its application spectrum.

Market Snapshot:

Benchmark Year 2022
Market Size lock
Market Growth (CAGR) ~ 5% (2023-2030)
Largest Market Share North America
Analysis Period 2020-2030
Market Players Arkema S.A., KH Neochem Co., Ltd., Solvay S.A., Royal Dutch Shell plc, and Dow Inc.

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Market Drivers:

Paints and Coatings Industry Growth: Diacetone alcohol is widely used as a solvent in the paints and coatings industry. The growth of this industry, driven by construction activities, infrastructure development, and automotive production, positively influences the demand for diacetone alcohol.

Adhesives and Sealants Demand: The adhesive industry uses diacetone alcohol in the formulation of adhesives and sealants. The growth of the construction and packaging industries, among others, contributes to increased demand for adhesives, thereby driving the diacetone alcohol market.

Increasing Industrial Activities: Industrial processes often require solvents, and diacetone alcohol’s properties make it suitable for various industrial applications. As industrial activities increase, so does the demand for solvents like diacetone alcohol.

Growth in Cleaning and Degreasing Applications: Diacetone alcohol is utilized in cleaning and degreasing products due to its solvent properties. The demand for industrial and household cleaning agents can drive the market for diacetone alcohol.

Chemical Intermediates Production: Diacetone alcohol serves as an intermediate in the production of other chemicals. Growth in chemical manufacturing and the development of new chemical products can positively impact the demand for diacetone alcohol.

Technological Advancements: Advances in manufacturing processes and technology can lead to more efficient and cost-effective production of diacetone alcohol, making it more competitive and accessible in various industries.

Environmental Regulations and Trends: Increasing awareness of environmental issues and the implementation of stringent environmental regulations may drive the demand for environmentally friendly solvents, potentially benefiting diacetone alcohol if it is considered a more sustainable option.

Global Economic Conditions: Economic growth and stability in key regions can influence the overall demand for industrial chemicals, including diacetone alcohol. Economic downturns, on the other hand, may impact the market negatively.

Market Insights:

The global diacetone alcohol market is bifurcated into application, end-use, and geography. On the basis of application, the market is further segmented into solvents, chemical intermediaries, cleaning, drilling fluids, preservatives, and others. In recent years, the solvents and chemical intermediaries segments have been significant contributors to the diacetone alcohol market. The use of diacetone alcohol as a solvent in paints, coatings, adhesives, and cleaning products has been a key driver. Additionally, its role as a chemical intermediate in the production of various chemicals has added to its importance.

Solvents: Diacetone alcohol is a key solvent in the paints and coatings industry, providing excellent solubility for various formulations. Its application extends to adhesives and sealants, contributing to the market’s growth.

Chemical Intermediaries: As a chemical intermediate, diacetone alcohol plays a crucial role in the synthesis of other chemicals. Its inclusion in the production process of various chemical compounds positions it as a vital component in the chemical industry.

Cleaning: Diacetone alcohol’s solvent properties make it an effective ingredient in cleaning agents and degreasers. Its use in industrial and household cleaning applications contributes to the demand within the cleaning sector.

Drilling Fluids: The oil and gas industry utilizes diacetone alcohol in drilling fluids. Its inclusion serves purposes such as viscosity control and stability enhancement in drilling operations.

Preservatives: Diacetone alcohol is employed in the formulation of preservatives, showcasing its role in enhancing the shelf life of certain products, thereby finding application in industries where preservation is crucial.

Others: Beyond the specified categories, diacetone alcohol finds application in various other industries and processes, showcasing its adaptability and versatility in meeting diverse industrial needs.

The diacetone alcohol market research report presents the analysis of each segment from 2020 to 2030 considering 2022 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2023 to 2030.

Historical & Forecast Period

  • 2020-21 – Historical Year
  • 2022 – Base Year
  • 2023-2030 – Forecast Period

Market Segmentation:

By Application:

  • Solvents
  • Chemical Intermediaries
  • Cleaning
  • Drilling Fluids
  • Preservatives
  • Others

By End-Use:

  • Paints & Coatings
  • Textiles
  • Automotive
  • Oil & Gas
  • Others

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Regional Analysis:

Geographically, North America dominated the global diacetone alcohol market in the benchmark year 2022 and expected to hold the largest revenue share of around 1/3 market share by the end of the analysis period. The dominance is attributed to the region’s well-established chemical manufacturing sector, stringent regulatory standards ensuring high product quality, and diverse industrial applications of diacetone alcohol. The United States, in particular, has been a key contributor to the market’s growth, driven by a robust demand for solvents in various industries, including paints and coatings, adhesives, and cleaning agents. The country’s advanced technological infrastructure and a steady pace of industrialization have further propelled the demand for diacetone alcohol in chemical processes and formulations.

Moreover, North America’s construction and automotive industries, among others, have been pivotal in sustaining the demand for diacetone alcohol as a solvent and chemical intermediate. The region’s economic stability, coupled with a strong emphasis on innovation and sustainability, has positioned North America as a dominant player in the global diacetone alcohol market.

Competitive Assessment:

Some of the major market players operating in the global diacetone alcohol market are Arkema S.A., KH Neochem Co., Ltd., Solvay S.A., Royal Dutch Shell plc, and Dow Inc. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Recent Developments:

  • In 2023, BASF invested in enhancing its Diacetone Alcohol (DAA) production capacity at its facility in Antwerp, Belgium. This strategic expansion aims to meet the increasing demand for DAA in Europe, with a specific focus on the automotive and pharmaceutical sectors.
  • In 2023, Evonik Industries introduced a new range of bio-based DAA products. Derived from renewable resources, these products serve as a sustainable alternative to conventional DAA, aligning with Evonik’s commitment to environmentally friendly solutions.
  • In 2023, Huntsman Corporation completed the acquisition of AllChem Performance Products, bolstering its presence in the DAA market, especially in the Asia Pacific region. This strategic move enhances Huntsman’s global reach and market position in the DAA sector.
  • In 2023, Lanxess upgraded its DAA production technology at its plant in Herne, Germany. This technological advancement aims to enhance production efficiency while concurrently minimizing the environmental footprint associated with DAA manufacturing.
  • Solvay acquired Chemours’ DAA business in 2023, reinforcing its stature as a prominent global supplier of Diacetone Alcohol. This acquisition strategically positions Solvay to meet the evolving demands of the DAA market and strengthens its overall market leadership.

Key Companies:

  • Arkema S.A.
  • KH Neochem Co., Ltd.
  • Solvay S.A.
  • Royal Dutch Shell plc
  • Dow Inc.
  • Eastman Chemical Company
  • Celanese Corporation
  • Monument Chemical
  • KH Chemicals
  • Prasol Chemicals Pvt. Ltd.

Key Questions Answered by Diacetone Alcohol Market Report

  • Global diacetone alcohol market forecasts from 2023-2030
  • Regional market forecasts from 2023-2030 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
  • Country-level forecasts from 2023-2030 covering 15 major countries from the regions as mentioned above
  • Diacetone alcohol submarket forecasts from 2023-2030 covering the market by application, end-use, and geography
  • Various industry models such as SWOT analysis, Value Chain Analysis about the market
  • Analysis of the key factors driving and restraining the growth of the global, regional, and country-level diacetone alcohol markets from 2023-2030
  • Competitive Landscape and market positioning of top 10 players operating in the market
Table of Contents:

1. Preface


1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

 

2. Executive Summary


2.1. Global Diacetone Alcohol Market Portraiture
2.2. Global Diacetone Alcohol Market, by Application, 2022 (USD Mn)
2.3. Global Diacetone Alcohol Market, by End-Use, 2022 (USD Mn)
2.4. Global Diacetone Alcohol Market, by Geography, 2022 (USD Mn)

 

3. Global Diacetone Alcohol Market Analysis


3.1. Diacetone Alcohol Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. Porter’s Five Force Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of New Entrants
3.6.4. Threat of Substitutes
3.6.5. Degree of Competition
3.7. PESTLE Analysis

 

4. Global Diacetone Alcohol Market by Application, 2020 – 2030 (USD Mn)


4.1. Overview
4.2. Solvents
4.3. Chemical Intermediaries
4.4. Cleaning
4.5. Drilling Fluids
4.6. Preservatives
4.7. Others

 

5. Global Diacetone Alcohol Market by End-Use, 2020 – 2030 (USD Mn)


5.1. Overview
5.2. Paints & Coatings
5.3. Textiles
5.4. Automotive
5.5. Oil & Gas
5.6. Others

 

6. North America Diacetone Alcohol Market Analysis and Forecast, 2020 – 2030 (USD Mn)


6.1. Overview
6.2. North America Diacetone Alcohol Market by Application, (2020-2030 USD Mn)
6.3. North America Diacetone Alcohol Market by End-Use, (2020-2030 USD Mn)
6.4. North America Diacetone Alcohol Market by Country, (2020-2030 USD Mn)
6.4.1. U.S.
6.4.1.1. U.S. Diacetone Alcohol Market by Application, (2020-2030 USD Mn)
6.4.1.2. U.S. Diacetone Alcohol Market by End-Use, (2020-2030 USD Mn)
6.4.2. Canada
6.4.2.1. Canada Diacetone Alcohol Market by Application, (2020-2030 USD Mn)
6.4.2.2. Canada Diacetone Alcohol Market by End-Use, (2020-2030 USD Mn)
6.4.3. Mexico
6.4.3.1. Mexico Diacetone Alcohol Market by Application, (2020-2030 USD Mn)
6.4.3.2. Mexico Diacetone Alcohol Market by End-Use, (2020-2030 USD Mn)

 

7. Europe Diacetone Alcohol Market Analysis and Forecast, 2020 - 2030 (USD Mn)


7.1. Overview
7.2. Europe Diacetone Alcohol Market by Application, (2020-2030 USD Mn)
7.3. Europe Diacetone Alcohol Market by End-Use, (2020-2030 USD Mn)
7.4. Europe Diacetone Alcohol Market by Country, (2020-2030 USD Mn)
7.4.1. Germany
7.4.1.1. Germany Diacetone Alcohol Market by Application, (2020-2030 USD Mn)
7.4.1.2. Germany Diacetone Alcohol Market by End-Use, (2020-2030 USD Mn)
7.4.2. U.K.
7.4.2.1. U.K. Diacetone Alcohol Market by Application, (2020-2030 USD Mn)
7.4.2.2. U.K. Diacetone Alcohol Market by End-Use, (2020-2030 USD Mn)
7.4.3. France
7.4.3.1. France Diacetone Alcohol Market by Application, (2020-2030 USD Mn)
7.4.3.2. France Diacetone Alcohol Market by End-Use, (2020-2030 USD Mn)
7.4.4. Spain
7.4.4.1. Spain Diacetone Alcohol Market by Application, (2020-2030 USD Mn)
7.4.4.2. Spain Diacetone Alcohol Market by End-Use, (2020-2030 USD Mn)
7.4.5. Italy
7.4.5.1. Italy Diacetone Alcohol Market by Application, (2020-2030 USD Mn)
7.4.5.2. Italy Diacetone Alcohol Market by End-Use, (2020-2030 USD Mn)
7.4.6. Rest of Europe
7.4.6.1. Rest of Europe Diacetone Alcohol Market by Application, (2020-2030 USD Mn)
7.4.6.2. Rest of Europe Diacetone Alcohol Market by End-Use, (2020-2030 USD Mn)

 

8. Asia Pacific Diacetone Alcohol Market Analysis and Forecast, 2020 - 2030 (USD Mn)


8.1. Overview
8.2. Asia Pacific Diacetone Alcohol Market by Application, (2020-2030 USD Mn)
8.3. Asia Pacific Diacetone Alcohol Market by End-Use, (2020-2030 USD Mn)
8.4. Asia Pacific Diacetone Alcohol Market by Country, (2020-2030 USD Mn)
8.4.1. China
8.4.1.1. China Diacetone Alcohol Market by Application, (2020-2030 USD Mn)
8.4.1.2. China Diacetone Alcohol Market by End-Use, (2020-2030 USD Mn)
8.4.2. Japan
8.4.2.1. Japan Diacetone Alcohol Market by Application, (2020-2030 USD Mn)
8.4.2.2. Japan Diacetone Alcohol Market by End-Use, (2020-2030 USD Mn)
8.4.3. India
8.4.3.1. India Diacetone Alcohol Market by Application, (2020-2030 USD Mn)
8.4.3.2. India Diacetone Alcohol Market by End-Use, (2020-2030 USD Mn)
8.4.4. South Korea
8.4.4.1. South Korea Diacetone Alcohol Market by Application, (2020-2030 USD Mn)
8.4.4.2. South Korea Diacetone Alcohol Market by End-Use, (2020-2030 USD Mn)
8.4.5. Rest of Asia Pacific
8.4.5.1. Rest of Asia Pacific Diacetone Alcohol Market by Application, (2020-2030 USD Mn)
8.4.5.2. Rest of Asia Pacific Diacetone Alcohol Market by End-Use, (2020-2030 USD Mn)

 

9. Latin America (LATAM) Diacetone Alcohol Market Analysis and Forecast, 2020 - 2030 (USD Mn)


9.1. Overview
9.2. Latin America Diacetone Alcohol Market by Application, (2020-2030 USD Mn)
9.3. Latin America Diacetone Alcohol Market by End-Use, (2020-2030 USD Mn)
9.4. Latin America Diacetone Alcohol Market by Country, (2020-2030 USD Mn)
9.4.1. Brazil
9.4.1.1. Brazil Diacetone Alcohol Market by Application, (2020-2030 USD Mn)
9.4.1.2. Brazil Diacetone Alcohol Market by End-Use, (2020-2030 USD Mn)
9.4.2. Argentina
9.4.2.1. Argentina Diacetone Alcohol Market by Application, (2020-2030 USD Mn)
9.4.2.2. Argentina Diacetone Alcohol Market by End-Use, (2020-2030 USD Mn)
9.4.3. Rest of Latin America
9.4.3.1. Rest of Latin America Diacetone Alcohol Market by Application, (2020-2030 USD Mn)
9.4.3.2. Rest of Latin America Diacetone Alcohol Market by End-Use, (2020-2030 USD Mn)

 

10. Middle East and Africa Diacetone Alcohol Market Analysis and Forecast, 2020 - 2030 (USD Mn)


10.1. Overview
10.2. MEA Diacetone Alcohol Market by Application, (2020-2030 USD Mn)
10.3. MEA Diacetone Alcohol Market by End-Use, (2020-2030 USD Mn)
10.4. Middle East and Africa Diacetone Alcohol Market, by Country, (2020-2030 USD Mn)
10.4.1. GCC
10.4.1.1. GCC Diacetone Alcohol Market by Application, (2020-2030 USD Mn)
10.4.1.2. GCC Diacetone Alcohol Market by End-Use, (2020-2030 USD Mn)
10.4.2. South Africa
10.4.2.1. South Africa Diacetone Alcohol Market by Application, (2020-2030 USD Mn)
10.4.2.2. South Africa Diacetone Alcohol Market by End-Use, (2020-2030 USD Mn)
10.4.3. Rest of MEA
10.4.3.1. Rest of MEA Diacetone Alcohol Market by Application, (2020-2030 USD Mn)
10.4.3.2. Rest of MEA Diacetone Alcohol Market by End-Use, (2020-2030 USD Mn)

 

11. Competitive Landscape


11.1. Company Market Share Analysis, 2022
11.2. Competitive Dashboard
11.3. Competitive Benchmarking
11.4. Geographic Presence Heatmap Analysis
11.5. Company Evolution Matrix
11.5.1. Star
11.5.2. Pervasive
11.5.3. Emerging Leader
11.5.4. Participant
11.6. Strategic Analysis Heatmap Analysis
11.7. Key Developments and Growth Strategies
11.7.1. Mergers and Acquisitions
11.7.2. New Product Launch
11.7.3. Joint Ventures
11.7.4. Others

 

12. Company Profiles


12.1. Arkema S.A.
12.1.1. Business Description
12.1.2. Financial Health and Budget Allocation
12.1.3. Product Positions/Portfolio
12.1.4. Recent Development
12.1.5. SWOT Analysis
12.2. KH Neochem Co., Ltd.
12.3. Solvay S.A.
12.4. Royal Dutch Shell plc
12.5. Dow Inc.
12.6. Eastman Chemical Company
12.7. Celanese Corporation
12.8. Monument Chemical
12.9. KH Chemicals
12.10. Prasol Chemicals Pvt. Ltd.
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