Diacetone Alcohol is highly used in various industries such as automobile, textiles, building & construction, agriculture, plastics, paint & coating, and others and the growth of these industries is a key factor in driving the Diacetone Alcohol Market. On the basis of region, market share of Diacetone Alcohol is high in Asia Pacific due to higher utilization in growing industry such as paint & coating, plastics, textile, automotive, and other growing industries. It is also expected to increase at a higher growth rate as compared to other regions such as North America, Europe, Latin America and Middle East.
Global Diacetone Alcohol Market is divided into application, end user industry, and region. On the basis of application, the Diacetone Alcohol Market is segmented into solvents, adhesives, cleaning, preservatives, and others. It has various applications in industrial sector such as in cleaning, coatings, polymer processing, metal working fluids, lubricants, oil & gas filed drilling, and water treatment. It is found its application in various consumer products such as inks, household cleaners, paints, and pesticides. Due to slow evaporation rate, it is also used as a solvent for both hydrogen bonding and polar substances. It is also used as a chemical intermediate for the preparation of other compounds such as methyl isobutyl ketone and hexylene glycol. Furthermore, it is primarily used in cellulose-based and resin-based adhesives. As an industrial cleaner it is mostly used for metal cleaning compounds. Diacetone Alcohol can be used in the removal of fluxes.
On the other hand, on the basis of end user the Diacetone Alcohol Market is segmented into automobile, textiles, building & construction, agriculture, plastics, paint & coating, and others. Among all, it is highly utilized in paint & coating industry such as coil coatings, wood varnishes, architectural coatings, and others. The paints containing Diacetone Alcohol are used at the painting process of specific products in industrial sites but not in general such as iron structural materials, construction materials, etc. Furthermore, it can also be used during the production of textiles and leather, in chemical synthesis or as a cleaning solvent. Diacetone Alcohol does not cause toxic health or environmental effects at levels typically found in the workplace or in the environment. The increasing demand of Diacetone Alcohol in various industries such automobile, textiles, building & construction, agriculture, plastics, paint & coating, and others will drive the Global Diacetone Alcohol Market in the forecasted period.
The market is classified and analyzed on the basis of various geographic segmentation which includes; North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Among all, Asia Pacific Diacetone Alcohol Market is the largest market owing to robust industrial growth of end user industry in China and India. Rapid industrializations, favorable government regulations and increase in per capita income will potentially grow the Diacetone Alcohol Market in emerging economies such as China, India and Japan. Furthermore, growing automotive, paint & coatings, and textile industry in North America is expected to drive the demand of Diacetone Alcohol. Europe witnessed a positive growth in Diacetone Alcohol Market owing to growing automotive, and agriculture industry across the region. On the other hand, Latin America, Middle East & Africa is another profitable market for Diacetone Alcohol and likely to show better growth over the forecast period.