Diacetone Alcohol Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028
Global Diacetone Alcohol Market: Overview
Diacetone alcohol chiefly finds usage as a solvent in a wide variety of professional and industrial applications in area such as cleaning, coatings, lubricants, polymer processing, metal working fluids, and water treatment. The chemical is also found in a number of consumer products such as inks, adhesives, paints, agrochemicals, and household cleaners. Diacetone alcohol is also used as a chemical intermediate in the preparation of a variety of other compounds.
The compound finds usage in cellulose ester polishes owing to its brilliant gloss and hardening properties. The paints and coatings industry is a leading consumer of the compound, utilizing it for producing dopes, wood stains, printing pastes, lacquer thinners, and wood preservatives. Other applications of diacetone alcohol are seen in the production of artificial leather and silk, permanent markers, photographic film and coating compositions for textiles and paper. The report analyzes the overall growth prospects of the market over the period between 2018 and 2028.
Global Diacetone Alcohol Market: Market Dynamics
The market for diacetone alcohol is expected to expand at a promising pace in the next few years, thanks to the thriving paints and coatings industry, which is one of the key consumers of the compound. Over the past few years, there has been a vast surge in building construction and infrastructure development activities in emerging economies across regions such as Asia Pacific and Latin America owing to exponential rise in population and rise in urban settlements. Rising disposable incomes and increased expenditure on artistic beautification of commercial and residential setups in these regions have led to a vast rise in uptake of a variety of paints and coatings, which has, in turn, proved to be a key driver for the diacetone alcohol market.
Rise in stringent environment protection rules and regulations in developed as well as developing economies have necessitated the development of paints and coatings that are low in volatile organic compounds (VOCs). This scenario has also led to the increased demand for diacetone alcohol owing to the compound’s low VOC content. The compound also benefits from its properties such as quick dry time, high film-forming ability, and excellent gloss. In the next few years, the rising demand for better quality and environment-friendly paints and coatings is expected to work well for the global diacetone alcohol market.
Global Diacetone Alcohol Market: Geographical Overview
From a geographical standpoint, the report covers the diacetone alcohol market for regions such as North America, Asia Pacific, Middle East and Africa, Europe, and Latin America. Presently, the market in Asia Pacific has been helmed as the most promising regional market owing to the thriving construction industry and China’s role as one of the leading producers of industrially viable compounds and chemicals. Over the report’s forecast period as well, the market for diacetone alcohol in Asia Pacific is likely to achieve great strides owing to favorable growth prospects in the construction sector in the region. Use of the compound as an intermediary chemical for the production of a variety of other chemicals and compounds will allow the Asia Pacific market to remain its leading consumer.
Global Diacetone Alcohol Market: Competitive Dynamics
The vendor landscape of the global diacetone alcohol market is largely fragmented in nature, featuring several small and large companies offering similar products. Thus the level of competition is intense and companies are compelled to focus on strategies related to product pricing, quality, and performance. Focus on growth opportunities in new application areas and emerging regional markets has also increased as companies look to gain a larger hold on the market. Some of the leading companies operating in the global diacetone alcohol market are KH Neochem, Arkema, Tokyo Chemical Industry, Solvay, and Monument Chemical.
The study presents reliable qualitative and quantitative insights into:
The regional analysis covers:
The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.
Highlights of the report:
Note: Immense care has been taken to present data with the highest levels of accuracy in all TMRResearch reports. Nevertheless, recent developments related to market/vendor landscape may take time to reflect in the analysis.
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