Global Diacetone Alcohol Market to See 4.85% CAGR till 2023, Forecasts MRFR in Its Topical Report Available at MarketPublishers.com
27 Nov 2017 • by Natalie Aster
LONDON – Till 2023, the world’s market for diacetone alcohol is set to rise tremendously, registering a 4.85% CAGR. By late 2023, the value of this market is anticipated to exceed USD 1.59 billion. Escalating consumption of diacetone alcohol across the key end-use industries is the major market growth driver.
Amid various applications, the solvents segment grabs the biggest share of the diacetone alcohol market and is expected to continue holding the dominant position in the market, exhibiting the highest CAGR of 5.7% during 2017-2023.
At present, APAC is the top regional market for diacetone alcohol, it is set to rise at the swiftest pace (a 5.34% CAGR) through 2023. This is attributed to robust industrialisation, presence of great number of producers in the region along with increasing exports and chip labor costs. The North American market for diacetone alcohol is the 2nd largest worldwide; the value of this regional market is predicted to grow to USD 331.4 million by the year 2023.
Topical research report “Global Diacetone Alcohol Market Research Report- Forecast to 2023” worked out by Market Research Future (MRFR) contains a detailed analysis of the diacetone alcohol market at various geographical levels. It sheds light on the current scenario, touches upon the historical background, characterises the market dynamics and discusses the key factors influencing the market growth and development. The study presents an extensive analysis of the market segmentation basing on applications and end-uses, uncovers updated market performance estimates, delves into competitive environment and reviews the top market participants. Moreover, this publication limelights the prevailing market trends, outlines future growth prospects and barriers, and gives a future outlook up to 2023.
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