-- Market Overview and Growth Factors:
Diacetone Alcohol Market is predicted to touch USD 1594.5 million at a 4.85% CAGR over the forecast period (2017-2023), states the latest Market Research Future (MRFR) report. Diacetone alcohol is a colorless, oxygenated solvent that has an aromatic odor. Additional factors pushing market growth include the growing chemical industry and the different benefits that diacetone alcohol offers such as high film-forming ability, brilliant gloss, quick dry time, and better quality.
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Key Players:
Leading players profiled in the diacetone alcohol market report, include:
SRI NEELIMA LABORATORIES (India),
Aareydrugs & Pharmaceuticals Ltd. (India),
Shanghai Jianyuan Chemical Co., Ltd. (China),
Galaxy Chemicals (India),
KH Neochem Co., Ltd. (Japan),
Prasol Chemicals Pvt. Ltd. (India),
Recochem Inc. (Canada),
Monument Chemical Inc. (U.S.),
Arkema Group (France),
Solvay S.A (Belgium),
Market Segmentation:
The MRFR report offers a wide segmental analysis of the Diacetone Alcohol Market on the basis of end use industry and application.
Based on end use industry, the diacetone alcohol market is segmented into oil and gas, automotive, textiles, paints and coatings, and others. Of these, the paints and coating industry segment will dominate the market over the forecast period.
Based on application, the diacetone alcohol market is segmented into preservatives, drilling fluids, cleaning, chemical intermediates, solvents, and others. Of these, the solvents segment will have the largest share in the market over the forecast period.
Regional Analysis:
The diacetone alcohol market in North America is predicted to have the second-largest share in the market over the forecast period. It is predicted to touch USD 331.4 million by 2023. The United States is the key contributor in this region and is expected to remain dominant all throughout the forecast period. This is chiefly owing to higher penetration of various end user industries in this country.
The diacetone alcohol market in Europe is predicted to have significant growth over the forecast period. Germany is the leading contributor in this region with regards to volume and value. This is owing to the rising demand for paints and coatings from automotive as well as household industries.
The diacetone alcohol market in the Middle East and Africa and Latin America are both predicted to have moderate growth over the forecast period. Factors which can be attributed to the growth of the market in these regions include increased investment on artistic beautification of residential and commercial setups in coupled with rising disposable incomes that have resulted in uptake of assorted paints and coatings that in turn have pushed the market growth.
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Website: https://www.marketresearchfuture.com/reports/diacetone-alcohol-market-3807%20
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