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Diacetone Alcohol (DAA) Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition
Report Format: PDF+Excel | Report ID: SR112024A22501
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Diacetone Alcohol (DAA) Prices September 2024
|
Product
|
Category | Region | Price |
|---|---|---|---|
| Diacetone Alcohol (DAA) | Chemical | United States | 2240 USD/MT |
| Diacetone Alcohol (DAA) | Chemical | China | 1530 USD/MT |
The diacetone alcohol (DAA) prices in the United States during Q3 2024 reached 2240 USD/MT in September. The region saw pricing stability due to a balanced demand and supply. Although the key sectors like coatings and paints witnessed disruptions, the steady consumption kept prices steady. Furthermore, regular manufacturing rates ensured consistent supply, lowering variations in demand. Despite the increasing shift in raw material expenses and logistics issues, the industry's pricing held firm, demonstrating resilience.
The price trend for diacetone alcohol (DAA) in China for Q3 2024 settled at 1530 USD/MT in September. The market faced a price decline due to reduced feedstock costs and sluggish demand. Moreover, the construction industry, impacted by adverse weather, slowed down, added to increased stockpiles and market oversupply. This led to consistent downward pressure on prices, marking a challenging quarter for the DAA market in China.
Diacetone Alcohol (DAA) Prices June 2024
|
Product
|
Category | Region | Price |
|---|---|---|---|
| Diacetone Alcohol (DAA) | Chemical | United States | 2230 USD/MT |
| Diacetone Alcohol (DAA) | Chemical | China | 1540 USD/MT |
The United States diacetone alcohol (DAA) prices for Q2 2024 reached 2230 USD/MT in June. The prices increased due to higher manufacturing expenses and interruptions in supply, with acetone price increases playing a major role. Moreover, the strong product demand in the construction sector, owing to spring projects, and a revival in hotel construction boosted DAA consumption, pushing prices upward despite limited production and labor challenges.
The price trend for diacetone alcohol (DAA) in China for Q2 2024 settled at 1540 USD/MT in June. The market stayed stable during this quarter, with a balanced demand and supply environment maintained by steady acetone production. In addition, market steadiness reflected predictable pricing trends despite minor fluctuations, allowing the sector to handle regional economic uncertainties while keeping overall prices in check.
Diacetone Alcohol (DAA) Prices December 2023
|
Product
|
Category | Region | Price |
|---|---|---|---|
| Diacetone Alcohol (DAA) | Chemical | USA | 2145 USD/MT |
| Diacetone Alcohol (DAA) | Chemical | China | 1777 USD/MT |
The diacetone alcohol (DAA) prices in the United States for Q4 2023 reached 2145 USD/MT in December. In the USA, prices in the last quarter of 2023 initially increased due to higher feedstock Acetone costs and rising production expenses. Despite subdued requirement from the paint as well as coatings industry in construction, and the automotive industry's robust performance and the stable construction market in Mexico helped maintain a steady market environment for DAA.
The price trend for diacetone alcohol DAA in China for Q4 2023, reached 1777 USD/MT in December. In Q4 2023, China's market saw a price growth, mainly driven by strong performance in the vehicle manufacturing sector. The paint and coating industry's demand remained low due to challenges in the real estate sector. Despite lower raw material costs, high purchasing activities kept DAA prices elevated, with no major plant shutdowns affecting supply.
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, price forecast 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 diacetone alcohol (DAA) price trend.
Global Diacetone Alcohol (DAA) Price
The report offers a holistic view of the global diacetone alcohol (DAA) pricing trends in the form of diacetone alcohol (DAA) price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into diacetone alcohol (DAA) historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.
The report also delves into diacetone alcohol (DAA) price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed diacetone alcohol (DAA) demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.
Europe Diacetone Alcohol (DAA) Price
Q3 2024:
During the third quarter of 2024, the market for diacetone alcohol (DAA) in Europe faced a diminishing pricing trend, owing to soft product demand and excess supply. Moreover, the abundant availability of both local and international DAA heightened market oversupply, further pushing down prices. Besides this, low consumption in key sectors like construction, coatings, and paints intensified market challenges. Apart from this, the economic indicators provided mixed signals in the region, as product pricing showed stability with a minor dip in the region. While this stability hinted at recovery, it was insufficient to reverse the consequences of reduced product consumption in the industrial sector. The pricing landscape remained defined by these pressures, reflecting an ongoing demand-supply disparity as Q3 concluded.
Q2 2024:
Europe’s DAA market faced price declines in Q2 2024, influenced by reduced product consumption in core sectors, particularly automobile and construction. The slow activity in the construction sector, exacerbated by factors like geopolitical and economic tensions, increased borrowing expenses, and challenging weather, dampened the consumption of the product in major end use industries. Along with this, the automobile industry saw reduced demand, majorly with lower electric vehicle (EV) purchases following the discontinuation of incentives by the government. As a result, these factors added to sustained diminishing pressure on product rates across the region, signaling the industry’s ongoing navigation of economic complexities.
Q4 2023:
The market in Europe market saw a steady increase in rates throughout the fourth quarter of 2023, driven by rising feedstock acetone costs and a sluggish construction sector. While requirement from the paints as well as coatings industry remained muted, specifically in automotive and construction industries, stability was maintained due to continuous demand from the electronics and printing sectors. The automotive sector experienced continued declines, yet the market found support from the stable requirements of other industries. The overall rise in DAA prices was substantially affected by higher acetone and benzene costs, which raised production expenses, highlighting the primary factors contributing to the market's upward price trend.
This analysis can be extended to include detailed diacetone alcohol (DAA) price information for a comprehensive list of countries.
| Region | Countries Covered |
|---|---|
| Europe | Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
North America Diacetone Alcohol (DAA) Price
Q3 2024:
During the third quarter of 2024, the market for diacetone alcohol (DAA) in North America maintained a steady price amid multiple issues. This balance was largely due to the alignment between demand and supply. Although product consumption in primary end-use industries, including coatings, adhesives, and paints, showed some variation, the overall level of product consumption stayed consistent enough to prevent significant price variations. Apart from this, the production facilities maintained regular production rates, ensuring a steady supply flow and countering occasional falls in demand. This balance contributed to a relatively stable market atmosphere. Moreover, while raw material price fluctuations and supply chain issues like delays in transportation and higher shipment costs applied some pressure, they caused only slight shifts in pricing.
Q2 2024:
During Q2 2024, the North American diacetone alcohol (DAA) prices saw a strong rise, driven primarily by escalating manufacturing expenses tied to rising feedstock costs. This upward pressure was further compounded by supply challenges, which resulted from moderate production prices and sporadic shortages of labor, straining the balance between supply and demand. Moreover, end use industries, like coatings and paints, saw consistent demand, maintaining pressure on product rates. Apart from this, weather changes such as the spring season’s kick-off boosted the demand for DAA in construction, with infrastructure projects like revamping of the rural highway, progress in safety upgrades, and interchange developments. Furthermore, the hospitality industry showed positive signals as the construction of hotels picked up.
Q4 2023:
During the fourth quarter of 2023, the prices in North America initially rose before stabilizing in December. The market faced subdued demand, largely reflecting the construction sector's moderate activity. Meanwhile, rising manufacturing costs propelled by a substantial increase in acetone prices heavily influenced the DAA market. The need from the paint as well as coating sector remained weak, even as the automotive industry showed robust sales growth. Additionally, Mexico's construction industry performed well, maintaining healthy demand for DAA, buoyed by expectations of future nearshoring activities. Overall, DAA prices in the region reflected the mixed market dynamics, balancing between escalating production costs and varying sector demands .
Specific diacetone alcohol (DAA) historical data within the United States and Canada can also be provided.
| Region | Countries Covered |
|---|---|
| North America | United States and Canada |
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.
| Region | Countries Covered |
|---|---|
| Middle East & Africa | Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific Diacetone Alcohol (DAA) Price
Q3 2024:
In the third quarter of 2024, the prices for diacetone alcohol (DAA) in Asia Pacific saw a decrease, influenced by environmental and economic factors. Moreover, the falling raw material rates led to lower manufacturing expenses, applying downward pressure on DAA prices. Along with this, a dip in production rates as producers changed outputs to align with reduced product consumption in key sectors, including construction and automotive. China, in particular, experienced a notable price drop, largely due to the sluggish construction industry impacted by adverse seasonal conditions like typhoons. These interruptions led to increased stockpiles and an excess supply. This contributed to a gradual decline in DAA prices across the region, with a persistent demand-supply imbalance characterizing the market sentiment during this quarter.
Q2 2024:
In APAC, DAA prices exhibited stability throughout Q2 2024, with demand and supply largely balanced. Moreover, the consistent rates of acetone and steady manufacturing costs maintained this equilibrium, while muted activities in end use industries like coatings and paints kept consumer interest moderate. Besides this, economic concerns tempered the usual seasonal demand surge, as summer construction did not expand as anticipated. In China, DAA prices witnessed the most changes, although supply remained steady due to resumed activities at major acetone plants. Despite minor adjustments, the overall stability persisted, reflecting a managed and predictable pricing dynamic. This consistent pricing held despite broader economic uncertainties, highlighting resilience in the DAA market across Asia Pacific.
Q4 2023:
In the Asia-Pacific region, the DAA market exhibited a strong upward trend during the fourth quarter of 2023, largely driven by the automotive sector's robust performance. Despite an average performance in the construction sector, demand from the paint as well as coating sector remained low, partly due to financial difficulties faced by major Chinese real estate companies. The rising prices of DAA were also influenced by fluctuating acetone costs and increased procurement activities towards the end of the quarter. Although raw material costs declined, the overall high prices of DAA were sustained by elevated purchasing activities and market adjustments. The market dynamics were not significantly impacted by any plant shutdowns during the period .
This diacetone alcohol (DAA) price analysis can be expanded to include a comprehensive list of countries within the region.
| Region | Countries Covered |
|---|---|
| Asia Pacific | China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
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.
| Region | Countries Covered |
|---|---|
| Latin America | Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Diacetone Alcohol (DAA) Price Trend, Market Analysis, and News
IMARC’s newly published report, titled “Diacetone Alcohol (DAA) Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” 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 price of diacetone alcohol (DAA) at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of diacetone alcohol (DAA) price trend 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 impact the diacetone alcohol (DAA) price trend.
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.
Report Coverage
| Key Attributes | Details |
|---|---|
| Product Name | Diacetone Alcohol (DAA) |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Diacetone Alcohol (DAA) Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand* Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece* North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
| Information Covered for Key Suppliers |
|
| Customization Scope | The report can be customized as per the requirements of the customer |
| Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
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| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
| Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
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 trend, 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. The diacetone alcohol (DAA) price charts ensure our clients remain at the forefront of the industry.
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