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Diacetone Alcohol Prices Overview

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Market Overview

Quarterly Update on Global Diacetone Alcohol (DAA) Market

For the Quarter Ending December 2020

Asia

Major Asian countries like China, Japan, India etc. witnessed substantial hike in the prices of Diacetone Alcohol buoyed by its improved offtakes from the prominent downstream industries and strong crude values. The paints and ink industry in India gained stability in Q4 2020 in comparison to Q3 with increase in household demand amidst the festive season in November which consequently led to a substantial hike in its prices as well. In line with the positive demand fundamentals, Diacetone Alcohol prices in India were averaged at USD 1286 per MT on Ex-Depot basis in Q4 2020.

North America

In the North America region, multiple hurricanes drastically reduced the production of feedstock acetone. Hurricane zeta and hurricane delta in October, forced more than 90% plants to undergo force majeures. On the other hand, domestic demand of DAA took a slight inclination due to significant recovery from COVID-19 pandemic and improved export demand from several Asian countries. Although the tight supply was leading prices to rise drastically and till the end of December, improved supply fundamentals halted this inclination across the region.

Europe

During Q4 2020, the European market was struggling to cope with another round of COVID 19 infections. During October, automotive and construction sector were going through a bad phase and hence DAA had a minimal demand from the domestic market. The European export demand to Asian countries was also damaged due to ongoing container shortages. Later during late November and December, the market started to rebound slowly and the demand for DAA from domestic paints, Inks, paper and agrochemical market showed an optimistic improvement.

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Services

Market Analysis

Company-wise installed capacity, production volume and plant operating efficiency is captured directly from manufacturers. Import and Export volume is captured from government sources and demand for Diacetone Alcohol is calculated considering the production, import, export and inventory-levels on the country and regional level markets.

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Pricing Analysis

The product price is correlated with the price trend of crude oil, demand-supply gap, fluctuations in the feedstock and with the market movement of the downstream sectors.

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Company Profile

Basic details and information on financial performance of leading global players in the Diacetone Alcohol market is presented in a visually captivating manner. Expansion plans and the company’s strategy is also captured to understand the vision and mission of the company to help understand the areas where companies need to focus more.

News & Deals

Daily updates on industry-specific and product-specific news, exclusive primary-based news capturing plant shutdowns/outages/closures, capacity expansions, operating rates, insights on demand-supply situation, awarding of technology licenses, new product launch and deals specifying mergers and acquisitions, strategic investments and disinvestments, to help players capitalize on market opportunity.

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Methodology

ChemAnalyst gathers information through primary research surveys conducted with various Diacetone Alcohol manufacturers, spread across the domestic and international market, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of company’s annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market.

Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global Diacetone Alcohol market. The team analyzes various industrial segments, strategic viewpoints and provides an analysis of the industry’s performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility.

Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behavior of consumers across the globe.

Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence Global Diacetone Alcohol market.

Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders and importers and customers on monthly and yearly basis.

Finally, region-specific markets for Diacetone Alcohol are analyzed and region-wise demand pattern is tracked.

About

Diacetone Alcohol (DAA) is a colorless, watery, flammable liquid with a mild mint odor. It is used as a solvent for nitrocellulose, cellulose esters, and several other types of resins. It is also used as lacquer thinner and in coating compositions for paper and textiles. As an oxygenated solvent, it can mainly be used in formulations and synthesis in various applications such as fragrances, coatings, personal care, agrochemicals, pharmaceutical and Minin. Commercially Diacetone Alcohol is produced by dimerizing Acetone in the presence of a solid basic catalyst comprising at least a metal hydroxide selected among the hydroxides of alkali metals and the hydroxides of alkaline earth metals and a binder.

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Diacetone Alcohol Prices Overview