Diacetone Alcohol (DAA) Pricing Report

Diacetone Alcohol (DAA) Prices December 2023

In the United States, the prices in the diacetone alcohol (DAA) market exhibited a significant trend last quarter that started with a nearly 8% rise within the first two months, which was followed by price stability throughout the rest of December. This high price trend usually resulted from a huge rise in production costs of about 50% with Acetone being the major raw material. The DAA prices, however, remained subdued due to a lack of dynamic demand within the construction sector throughout the quarter, resulting in the closing of the quarter at 2145 USD/MT.

In the 4th quarter of 2024, the diacetone alcohol (DAA) price index in China went up by 8%, compared to the declining demand for the construction industry. This bullish trend is broadly due to the automotive sector's strength and variable acetone costs which are affecting the production costs. The month reflected a small stock increase for the paint and coating industry as buyers made more purchases, though prices remained at the level of 1777 USD/MT.

Diacetone Alcohol (DAA) Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Diacetone Alcohol (DAA) Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data” offers an in-depth analysis of diacetone alcohol (DAA) pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot prices at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of price trends across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing diacetone alcohol (DAA) price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Diacetone Alcohol (DAA) Market Analysis

The global diacetone alcohol (DAA) market size reached US$ 1.4 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 2.1 Billion, at a projected CAGR of 4.60% during 2023-2032. 

The extensive demand for DAA from the automotive sector in paints and coatings represents one of the key factors driving the market growth. Moreover, the growth of the construction industry is catalyzing the demand for solvents and additives which is acting as a growth-inducing factor. In addition to this, the rising adoption of DAA in pharmaceutical applications for solvents and intermediates is propelling the growth of the market. Besides this, the expansion of the paint and coatings industry, requiring high-quality solvents, is boosting the market growth. Apart from this, significant technological advancements in manufacturing processes are improving yield and quality which, in turn, is stimulating the market growth. The development of bio-based DAA alternatives catering to eco-friendly demands is creating a positive market outlook. The rising electronics market is utilizing DAA in cleaning and manufacturing processes, thereby supporting the growth of the market. Along with this, the extensive demand from the textile industry for dyeing and printing applications is driving the growth of the market. The strategic growth of key industry players to satisfy the needs throughout the world is pushing the market forward. The expansion of the cosmetic and personal care substances market requires DAA as a solvent. Furthermore, the use of DAA in agricultural products as a solvent for pesticide and herbicide formulation is leading the market toward growth. For instance, according to an article published in Business Standard in 2023, there is a significant growth in the premium cosmetic products segment and the segment is growing at a rate of 50% in the post-COVID phase. According to a September 2023 report by Redseer Strategy and Peak XV, the Indian beauty and personal care market has the highest growth rate among comparable nations. Driven by consumers’ willingness to pay more for products that address specific needs and their trade-up to masstige and prestige products, the market is forecasted to reach $30 billion by 2027.

Diacetone Alcohol (DAA) News

The report covers the latest developments, updates, and trends impacting the global diacetone alcohol (DAA) market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in diacetone alcohol (DAA) production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that shape the industry landscape.

Latest developments in the Diacetone Alcohol (DAA) industry:

• In September 2023, Mitsubishi Chemical Group unveiled plans to construct a new semiconductor materials plant, e-mail for it to become operational by March 2025, as the global competition in semiconductor manufacturing intensifies.
• In December 2022, Arkema Group announced the doubling of its polyester resins capacity in its Navi Mumbai facility in India, reinforcing the group's leadership position in the global powder coatings market on its commitment to develop very low-VOC technologies.

Product Description

Diacetone alcohol (DAA), chemically known as 4-Hydroxy-4-methylpentan-2-one, is one of the solvents that have proved to be versatile with excellent, remarkable solvent properties. Being a colorless substance with a sweet odor, DAA stands out among the other solvents. It is unique for its high boiling point and slow vaporization, which makes it a brilliant formula for aerosol in many areas of use. It forms the link with all types of organic compounds to provide clear and clean solutions for coatings, inks, adhesives, and cleaners. Industrially, in terms of the paint and coating sector, diaryl acetal is extremely valuable for coating's improved flow and gloss. Moreover, it finds uses in the pharmaceutical sector, where different medications are being synthesized and it is used in the manufacturing of cleaning agents because it can dissolve oils and fats.

Regional Coverage

The report provides a detailed analysis of the diacetone alcohol (DAA) market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the price trends. 

Global Diacetone Alcohol (DAA) Price

The report offers a holistic view of the global diacetone alcohol (DAA) pricing trends, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level.

Europe Diacetone Alcohol (DAA) Price

In Europe, the DAA market showed steady growth, and this happened, mainly due to the acetone feedstock price rise. The market has encountered problems such as the construction sector which was performing badly with reduced housing approvals and investment sentiments, plus the automotive sector situation which was also not good. Despite that, the continuous demand for them from the printing and the electronic sectors especially in the ink industry made the DAA market slightly stable. This demand contributed to balancing the negative effect of factors that both the construction and automotive sectors faced. Rising costs of production fueled by upstream benzene price increases were a rather significant factor that also led to the DAA price increase. Despite these challenges, the persistence of the printing and electronics sectors precisely reflects the mechanisms that shape the trajectories of the European DAA industry.

This analysis can be extended to include detailed diacetone alcohol (DAA) price information for a comprehensive list of countries.

North America Diacetone Alcohol (DAA) Price

In North America, the DAA market showed a high increase in the first weeks but later developed stability due to some reasons. Demand deteriorated, the sector was lower performing, and the construction was moderate. Unlike most recent years, the growing cost of manufacturing driven mostly by the remarkable hike in feedstock acetone prices influenced the market trends. The demand for non-glucose syrup production in the paint and coating sector of the construction industry slowly picked up while the automotive sector flourished with good demand, which positively affected the market. Compared to this, the positive contribution made by healthy demand from importing markets to the overall market scenario with the possibility of more activities in the future will in general determine the market dynamics in the future.

Specific data on diacetone alcohol (DAA) prices within the United States and Canada can also be provided.

Middle East and Africa Diacetone Alcohol (DAA) Price

The report explores the diacetone alcohol (DAA) pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on diacetone alcohol (DAA) prices for countries can also be provided.

Asia Pacific Diacetone Alcohol (DAA) Price

In the Asia Pacific region, the DAA markets turned rather bullish, which means that there was an ordinary price movement from bottom to top. This trend was mostly dependent on the automotive business, which in turn had a heavy influence on the downstream paint and coating industry, although the construction sector performed modestly and real estate entities' reservations in operations affected the overall demand for painting services. The production fluctuation of acetone, an essential feedstock, adds up the production cost which is also not consistent. The purchase of equipment and raw materials had slight progress being made which went along with the end-of-the-month sales and destocking that affected the way of the market. Though there was a drop in raw material cost DAA prices stayed high because there was an increased level of consumer handling of the product, with the market being stable and withstanding potential shifts in input and output.

This analysis can be further extended to include detailed diacetone alcohol (DAA) prices for a comprehensive list of countries within the region.

Latin America Diacetone Alcohol (DAA) Price

The analysis of diacetone alcohol (DAA) prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of diacetone alcohol (DAA) pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting diacetone alcohol (DAA) price volatility, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights, ensuring they remain at the forefront of the diacetone alcohol (DAA) industry.