H1 2023: In H1 2023, Diacetone Alcohol (DAA) market in North America displayed mixed sentiments. In the first three months, US Diacetone Alcohol showed a bullish movement. The petrochemical commodities were impacted by the strong cost pressure from the feedstock Acetone. Diacetone Alcohol was still in high demand, and merchants continued to purchase it as required. In April and May, there was a decline in the price of Diacetone Alcohol was only marginal but stemmed from weak demand conditions and a reduced need to hold inputs following improved delivery times and lower new order inflows. Although output continued to increase in May, the rate of expansion slowed to only a marginal rate. Demand conditions weakened notably. In June, the price of Diacetone Alcohol rose as the vendors began to restock the material in the market to meet the downstream paint and coating industry interest from the US market. Simialry, the Asia Pacific market witnessed ups and downs in the prices of DAA. In the first three months of 2023, the price of diacetone alcohol in the Asian market exhibited an upward tendency. Following the Lunar Holidays, DAA's price increased as a result of numerous inquiries, and Acetone feedstock prices increased in the Chinese market. The prices of feedstock acetone in China increased following the Spring Day Festival as a result of increased market trading activity, higher demand from downstream sectors, and stable product inventory levels. prices were stable through the month of May. The persistent difference between supply and demand kept market activity steady in Asia Pacific.
The global Diacetone Alcohol market stood at approximately 900 thousand tonnes in 2022 and is anticipated to grow at a CAGR of 4% during the forecast period until 2032.
Diacetone alcohol is an organic molecule with the chemical formula CH3C(O)CH2C(OH)(CH3)2 and is also known as DAA. Diacetone alcohols, which have two alcohol groups and a functional group that is a ketone, are produced industrially from acetone. Both organic and inorganic compounds are soluble in diacetone alcohols. Among other industrial uses, it serves as a solvent in paints and coatings, drilling fluids, cleaning agents, lubricants, and metalworking fluids. In the chemical industry, diacetone alcohol is a key element in the production of methyl isobutyl ketone (MIBK), isopropylidene acetone, phorone, isophorone hexanediol, and methyl isobutyl alcohol (MIBC). Diacetyl alcohol demand is in part influenced by the rising need for MIBK in a number of sectors, including paints & coatings, medicines, and agrochemicals. Additionally, DAA is used to make diacetone acrylamide and bisphenol A (BPA), which have numerous uses in the manufacturing of plastics, resins, and polymers. When employed as a solvent in the creation of adhesives, DAA offers superior bonding capabilities and enhanced adherence to a range of surfaces.
The expansion of the automotive, packaging, and construction sectors are likely to curate demand for adhesives and sealants, which will impact diacetone alcohol consumption. Additionally, the demand for diacetone alcohol is likely to be further boosted by the growing use of high-performance adhesives and sealants. The demand for diacetone alcohol as a chemical intermediate is anticipated to increase due to the plastics industry's expansion, which is being fuelled by the packaging industry. Owing to these reasons, the global Diacetone Alcohol market is anticipated to expand and reach roughly 1330 thousand tonnes by 2032.
Geographically, North America region holds the leading position in terms of consuming Diacetone Alcohol. Due to its numerous industrial sectors, which include paints and coatings, the automobile industry, and the pharmaceutical industry, the Diacetone Alcohol market in North America will most likely dominate this market. The region's expansion has also been aided by the strict environmental and worker safety rules that have eliminated unsafe conventional solvents in favour of safer alternatives like diacetone alcohol. From 2023 to 2032, the Asia-Pacific Diacetone Alcohol Market is anticipated to experience the quickest CAGR growth. It is a result of the rapid industrial and urbanization that has increased construction, vehicle manufacturing, and infrastructure development. The demand for paints, coatings, and adhesives has also increased as a result of changing lifestyles and rising disposable income in these nations, contributing to the market's expansion. Additionally, in APAC region the highest market share belonged to China's, while the fastest-growing market for diacetone Alcohol market is India during the forecast period.
Based on the end-user industry, the global Diacetone Alcohol market is divided into Paints & Coatings, Textiles, Automotive, Oil and Gas, and Others. However, Paints & Coatings sector is the biggest end-user industry segment and held about 40% of the global Diacetone Alcohol market in 2022.
Significant players in the Global Diacetone Alcohol market are Solvay S.A, Arkema Group, Monument Chemical Inc., and KH Neochem Co. Ltd.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
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Objective of the Study:
•To assess the demand-supply scenario of Diacetone Alcohol which covers production, demand and supply of Diacetone Alcohol market in the globe.
•To analyse and forecast the market size of Diacetone Alcohol
•To classify and forecast Global Diacetone Alcohol market based on end-use and regional distribution.
•To examine competitive developments such as expansions, mergers & acquisitions, etc., of Diacetone Alcohol market in the globe.
To extract data for Global Diacetone Alcohol market, primary research surveys were conducted with Diacetone Alcohol manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Diacetone Alcohol market over the coming years.
ChemAnalyst calculated Diacetone Alcohol demand in the globe by analyzing the historical data and demand forecast which was carried out considering the demand for Diacetone Alcohol by the end-user industries. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
•Diacetone Alcohol manufacturers and other stakeholders
•Organizations, forums and alliances related to Diacetone Alcohol distribution
•Government bodies such as regulating authorities and policy makers
•Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Diacetone Alcohol manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Diacetone Alcohol market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
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Details
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Market size Volume in 2022
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900 thousand tonnes
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Market size Volume in 2032
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1330 thousand tonnes
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Growth Rate
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CAGR of 4.00% from 2023 to 2032
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Base year for estimation
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2023
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Historic Data
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2015 – 2022
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Forecast period
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2024 – 2032
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Quantitative units
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Demand in thousand tonnes and CAGR from 2023 to 2032
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Report coverage
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Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process.
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Segments covered
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By End-Use: Paints & Coatings, Textiles, Automotive, Oil and Gas, and Others
By Sales Channel: (Direct Sale and Indirect Sale)
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Regional scope
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North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Pricing and purchase options
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Available Customizations:
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.
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