Diacetone Alcohol (DAA) Market was valued at USD 0.96 Billion in 2022 and is projected to reach USD 1.54 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
Diacetone Alcohol (DAA) Market Size and Opportunity Analysis
The global Diacetone Alcohol (DAA) market was valued at approximately USD 620 million in 2022, with a compound annual growth rate (CAGR) of 4.8% projected from 2023 to 2028. This growth trajectory is driven by increasing demand in applications such as solvents, coatings, and adhesives, which utilize DAA for its solvent properties and effectiveness. The rising adoption of environmentally friendly and low-VOC (volatile organic compound) products is further contributing to market expansion. The market is experiencing a notable rise due to industrial shifts towards greener alternatives and advancements in chemical manufacturing technologies.
Emerging markets, particularly in Asia-Pacific and Latin America, present substantial opportunities for market growth. These regions are witnessing rapid industrialization and urbanization, leading to increased demand for DAA in various end-use sectors. Additionally, the development of innovative DAA formulations and the expansion of production capacities are expected to enhance market potential. The burgeoning automotive and construction industries in these regions are anticipated to drive significant growth, offering lucrative prospects for market participants. With these evolving dynamics, the DAA market is poised for considerable expansion in the coming years.
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Who are the largest Global manufacturers in the Diacetone Alcohol (DAA) industry?
- Arkema
- KH Neochem
- Solvay
- SI Group
- Mitsubishi Chemical
- TASCO
- Monument Chemical
- Daigin
- Suyuanhuipu Chemicals
- Changcheng Chemical
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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What are the factors driving the growth of the Global Diacetone Alcohol (DAA) Market?
Growing demand for below applications around the world has had a direct impact on the growth of the Global Diacetone Alcohol (DAA) Market
- Paint & Coating
- Inks & Adhesive
- Others
What are the types of Diacetone Alcohol (DAA) available in the Market?
Based on Types the Market is categorized into Below types that held the largest Diacetone Alcohol (DAA) market share In 2023.
- 95%99% DAA
- above99% DAA
Which regions are leading the Global Diacetone Alcohol (DAA) Market?
- Global (United States, Global and Mexico)
- Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
- South America (Brazil, Argentina, Columbia, etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Detailed TOC of Global Diacetone Alcohol (DAA) Market Research Report, 2024-2032
1. Introduction of the Global Diacetone Alcohol (DAA) Market
- Overview of the Market
- Scope of Report
- Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
- Data Mining
- Validation
- Primary Interviews
- List of Data Sources
4. Global Diacetone Alcohol (DAA) Market Outlook
- Overview
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Porters Five Force Model
- Value Chain Analysis
5. Global Diacetone Alcohol (DAA) Market, By Type
6. Global Diacetone Alcohol (DAA) Market, By Application
7. Global Diacetone Alcohol (DAA) Market, By Geography
- Global
- Europe
- Asia Pacific
- Rest of the World
8. Global Diacetone Alcohol (DAA) Market Competitive Landscape
- Overview
- Company Market Ranking
- Key Development Strategies
9. Company Profiles
10. Appendix
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