Future Market Insights
Global Diacetone Alcohol Market: Overview
Diacetone Alcohol or DAA is oxygenated solvent found in fruits, and can be produced synthetically by adol condensation of acetone as well as naturally found in Achnatherum robustum, which is a plant also known as sleepy grass. Diacetone alcohol is derivative of alcohol with non-ethanol components. It is odorless and transparent liquid with low evaporation and high solubility property. Diacetone alcohol is used as a solvent for both polar and hydrogen bonding substances. It is water soluble and is used as a solvent in water-based coatings. It is also finds application as a solvent extractant in purification processes for waxes and resins. Diacetone alcohol finds wide usage as a component of printing inks, with proving favorable leveling and flow characteristics.
Diacetone alcohol is widely used as an industrial and consumer based solvent. Diacetone Alcohol is useful in various industries such as building & construction, automobile, agriculture, textiles, plastics, paint & coating, and others. Among all, it is mainly used in paints & coatings industry such as for varnishes, architectural coatings, coil coatings, and others. It is also used as solvent for purification process and in household cleaners. Furthermore, diacetone alcohol is not categorized as harmful for the environment. Diacetone Alcohol has been registered under EU regulation (EC) 1907/2006 (REACH) and also satisfies the requirements of the most stringent regulations for all applicable consumer applications.
Global Diacetone Alcohol Market: Dynamics
Growing paint and coating industry across the globe is major driving factor for the growth of diacetone alcohols market. Moreover increasing demand for diacetone alcohols as solvents, chemical intermediate, cleaning agent etc. in various end use industries such as paints & coatings, textile, automotive etc. is going to uplift the global demand of diacetone alcohol in the coming years. This is mainly due to growing end use industries of diacetone alcohol. Apart from this, availability of alternative solvent in market such as petroleum based solvents that may hamper the growth of diacetone alcohols market over the forecast period. Over the recent past, many key manufacturer are focusing on increasing its presence in developing region through the expansion of production facility that will helps for the growth of diacetone alcohols market.
Global Diacetone Alcohol Market: Segmentation
Diacetone alcohol market can be segmented on the basis of application, end use industry and regions.
On the basis of application, global diacetone alcohol market can be segmented as
On the basis of end use industry, global diacetone alcohol market can be segmented as
Global Diacetone Alcohol Market: Regional Outlook
Asia Pacific is anticipated to the dominant market in the forecasted period. The dominance of Asia Pacific region is primarily due to rapid industrialization in this region along with presence of considerable number of manufacturers coupled with availability of cheap labors and growing exports. North America is expected to account for the second largest market owing to greater penetration of end user industries in this region. Western Europe is a significant region in the Global Diacetone Alcohol Market. In Europe, Germany dominates the diacetone alcohol market due to increasing demand of paints & coatings from both household and automotive industry. Europe is followed by Latin America and the Middle East & Africa, which is estimated to grow at moderate rate during the forecast period.
Global Diacetone Alcohol Market: Market Participants
Some of the main market participants of global diacetone alcohol market are namely
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