United States, Rockville MD, May 10, 2022 (GLOBE NEWSWIRE) -- As per industry analysis by Fact.MR - market research and competitive intelligence provider, the global diacetone alcohol market is estimated to exceed a valuation of US$ 1,443.7 Million by 2022, and to expand at a significant CAGR of close to 4.3% by value over the assessment period. The demand for Diacetone Alcohol is expected to rise over the forecast period and the market is projected to gain a global market size worth of US$ 1.44 Billion by the end of 2022.

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72 Tables, 63 Figures and 170 Pages

Diacetone alcohol is a carbon based compound with the formula CH3C (O) CH2C (OH) sometimes called DAA. It is a colourless, non-corrosive, limpid liquid and miscible with most common organic solvents.
The paint & coating industry is broad & dynamic. The rising demand for paint & coating from medical products, automotive, transportation equipment, and wood & non-wood products is driving the market.

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The rise in use of diacetone alcohol as a chemical intermediates for the preparation of other compounds such as hexylene glycol and Methyl Isobutyl is to propel the market of diacetone alcohol in upcoming years.

Moreover, wide use of diacetone alcohol as a preservative escalating its demand in market. It is widely used to preserve animal tissues.
Additionally, the increased use of diacetone alcohol in applications like chemical intermediaries, solvents etc. is to drive the growth of the market.

Which End Uses are Bringing in High Profits for Diacetone Alcohol Manufacturers?
“High Use of Diacetone Alcohol in Paints & Coatings”

Diacetone alcohol has been used as an alternative solvent for benzene. Benzene was used before as a solvent in paints & coatings. However, benzene was banned due to environmental concerns.

Diacetone alcohol is an essential solvent in paints & coatings to protect metallic substrates against corrosion. One of the significant properties of diacetone alcohol is low toxicity, which leads to the safety of people nearby. These factors are estimated to drive market demand by 1.6X over the assessment period.

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Key Segments Covered in the Diacetone Alcohol Industry Survey

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Competitive Landscape

Key manufacturers of diacetone alcohol are SI Group, Monument Chemical, Recoche Inc, Aarey drugs & Pharmaceuticals Ltd., Alpha Chemika, Arihant Solvents and Chemicals, and Prasol Chemicals Limited.

The global diacetone alcohol market is consolidated and competitive owing to several domestic and regional players. Marketing strategies adopted by key players are mergers, acquisitions, expansion, collaborations, and partnerships.

Key players in the Diacetone Alcohol Market

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Key Takeaways from Diacetone Alcohol Market Study

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