Diacetone Alcohol Market 2018 | Potential Growth, Size & Share, Demand and Analysis of Key Players- Forecasts To 2023

27/lug/2018 07:40:32 Market Research Future Contatta l'autore

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Global Diacetone Alcohol Market Overview

Diacetone Alcohol or DAA, an oxygenated solvent with a high solubility property is a derivative of a non-ethanol component. Diacetone Alcohol is prominently used as a solvent in industrial and consumer products for purification process, adhesives, paints, thinners and household cleaners. This is the key factor propelling the market growth and continuing with the same trend; the market will perceive a significant increase.

Market Research Future recently published a study report. USD 1.594.5 Million by 2023 at a CAGR of 4.85% during 2017 to 2023. According to the report, we will continue with the same trends. industries. 

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Industry / Innovation / Related News: 

May 17, 2018 – Arkema S.A., (France) One of the global producers of DAA announced the acquisition of the industrial adhesives business of Nitta-Gelatin Inc. (Japan), one of the leaders in the global gelatin and collagen peptide markets. This is expected to expand Arkema’s industrial adhesives presence in Japan. Through their Joint venture – an adhesives subsidiary – Bostik S.A., Arkema and Nitta operate Bostik-Nitta, which produces industrial adhesives. The Joint venture represents sales of about $35.4 million.

February 21, 2017 - Arkema SA, announced a price increase of 250 to 300 Euros per ton or as contracts allow for its Diacétone Alcool (DAA), along with some other oxygenated solvents, effective from March 1st 2017. The company mentions that the higher energy and raw materials are the main reasons, the company has taken the decision of this hike. 

Global DAA Market - Regional Analysis 

The Asia Pacific accounted for the leading market in 2016, possessing the largest market share. Retaining its dominance, the region is estimated to be 5.34% CAGR during the review period. Factors such as rapid industrialization and the presence of numerous producers.

North America, accounted for the second largest market, in 2016 and is further expected to reach US $ 331.4 Mn by 2023. The US among the other North American countries, backed by the increased penetration of end-user industries in the country, accounts for the major contributor to the market growth. As the third largest market for Diacetone Alcohol, Europe accounted for 18% market share in 2016.

Germany dominates the European market share in terms of value and volume two to increasing demand for paints and coatings from both the household and the automotive industry. The Middle East & Africa and Latin America, regions are expected to grow at a moderate rate during the forecast period. 

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