Diacetone alcohol (DAA) is a versatile solvent used in a wide range of industrial applications, including coatings, paints, adhesives, and cleaning products. As a key ingredient in many chemical formulations, understanding the price trend of diacetone alcohol is crucial for manufacturers, procurement professionals, and traders who rely on it as a raw material. By analyzing the price movements, supply-demand dynamics, and key factors influencing pricing, stakeholders can make more informed decisions for sourcing and strategic planning. This article delves into the latest diacetone alcohol price trend analysis, including quarterly price movements, future forecasts, and a look at top global suppliers.
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Diacetone Alcohol Market CAGR and Growth Forecast
The global diacetone alcohol market is expected to grow at a compound annual growth rate (CAGR) of approximately 4.8% by 2025. The demand for diacetone alcohol is mainly driven by its use as a solvent in various applications, especially in paints, coatings, and adhesives. The increasing demand from industries like automotive, construction, and electronics, which rely on high-performance coatings and adhesives, is expected to fuel market growth in the coming years.
Asia-Pacific, particularly China and India, leads the demand for diacetone alcohol, with significant consumption in manufacturing and construction sectors. The rise in infrastructure development, automotive production, and electronics manufacturing in these regions is a key growth driver. Additionally, the North American and European markets are also seeing steady demand, primarily from the industrial coatings and pharmaceutical sectors.
Diacetone Alcohol Price Trend Analysis
Q1 2024
- China: In Q1 2024, the price of diacetone alcohol in China was approximately $2,200 per metric ton. Prices remained relatively stable due to consistent domestic production and moderate demand from the coatings and adhesives sectors.
- India: In India, the price of diacetone alcohol was around $2,250 per metric ton in Q1 2024. The slight increase in price was driven by rising demand from the construction and automotive industries, along with increased import costs.
- USA: The U.S. saw prices for diacetone alcohol hover around $2,300 per metric ton during Q1 2024. Prices were stable, with steady demand from the paint and coatings industries and adequate supply from domestic producers.
- Germany: In Germany, prices for diacetone alcohol remained steady at $2,350 per metric ton in Q1 2024. The demand from the automotive and construction sectors ensured stable pricing despite fluctuations in raw material costs.
- Brazil: Brazil’s price for diacetone alcohol was approximately $2,280 per metric ton in Q1 2024. Price stability was driven by steady consumption in the industrial coatings sector and favorable exchange rates for imports.
- UAE: The price in the UAE remained at around $2,300 per metric ton during Q1 2024, with steady demand from industrial sectors and minimal disruptions in supply.
Q2 2024
- China: In Q2 2024, prices in China experienced a slight increase, reaching $2,250 per metric ton. This was due to a rise in demand from the automotive and construction sectors, along with higher input costs for manufacturers.
- India: India saw a price rise in Q2 2024, reaching $2,280 per metric ton. The increase was linked to higher import costs and stronger demand for coatings and adhesives in the automotive and infrastructure sectors.
- USA: The U.S. market saw a modest rise in diacetone alcohol prices, reaching $2,350 per metric ton. Rising demand from the automotive industry and tighter supply chains contributed to the upward pressure on prices.
- Germany: Prices in Germany saw a slight increase in Q2 2024, climbing to $2,380 per metric ton. The rise was driven by consistent demand from the coatings industry, especially from automotive and construction applications.
- Brazil: Brazil’s price for diacetone alcohol rose to $2,310 per metric ton in Q2 2024, driven by higher costs for imports and rising demand from local manufacturers in the coatings and adhesives industries.
- UAE: The price in the UAE remained relatively stable, reaching $2,320 per metric ton due to balanced supply-demand dynamics in the region.
Q3 2024
- China: In Q3 2024, diacetone alcohol prices in China continued to rise, reaching $2,300 per metric ton. The increase was linked to the growing demand in the electronics and automotive sectors, along with higher raw material costs.
- India: In India, prices remained steady at $2,280 per metric ton during Q3 2024. Stable demand from coatings and adhesives producers kept prices relatively unchanged.
- USA: The U.S. saw a slight price dip in Q3 2024, with prices falling to $2,330 per metric ton. The drop was largely attributed to easing demand in the construction sector, leading to reduced pressure on prices.
- Germany: In Germany, prices remained steady at $2,380 per metric ton. Consistent demand from key sectors, including automotive and construction, kept prices stable despite raw material cost fluctuations.
- Brazil: Brazil’s prices for diacetone alcohol increased slightly to $2,320 per metric ton due to rising demand from the industrial coatings sector.
- UAE: The UAE’s market remained stable, with prices holding at $2,340 per metric ton in Q3 2024.
Q4 2024
- China: By Q4 2024, diacetone alcohol prices in China remained at $2,310 per metric ton. Strong demand from the automotive and electronics industries continued to support stable pricing.
- India: In Q4 2024, prices in India were around $2,290 per metric ton. Slight declines were observed as demand in the automotive sector leveled off, reducing upward price pressure.
- USA: In the U.S., prices for diacetone alcohol remained stable at $2,350 per metric ton due to steady demand from the coatings sector, despite some challenges in supply chains.
- Germany: Prices in Germany continued to hold steady at $2,380 per metric ton, with steady consumption from the industrial and automotive sectors.
- Brazil: Brazil experienced a slight price increase, with diacetone alcohol prices reaching $2,330 per metric ton, driven by rising demand from the automotive and industrial coatings sectors.
- UAE: The UAE maintained stable pricing at $2,350 per metric ton in Q4 2024, due to steady demand across key sectors.
Q1 2025
- China: In Q1 2025, prices in China are expected to remain stable at $2,320 per metric ton, driven by consistent demand from electronics and automotive industries.
- India: In India, prices may see a slight increase to $2,300 per metric ton due to higher import costs and seasonal demand from the construction and automotive sectors.
- USA: The U.S. market is expected to see slight fluctuations, with prices hovering around $2,340 per metric ton, driven by seasonal demand shifts.
- Germany: Germany’s market is expected to maintain prices at $2,390 per metric ton, supported by consistent demand from industrial coatings and automotive applications.
- Brazil: Brazil is likely to see stable pricing at $2,340 per metric ton, with demand from the coatings and adhesives sectors remaining steady.
- UAE: The UAE market is projected to remain stable at around $2,360 per metric ton, with steady demand from industrial and construction sectors.
Diacetone Alcohol Market Outlook and Demand-Supply Dynamics
The diacetone alcohol market is poised for moderate growth over the next few years. As industries like automotive, construction, and electronics continue to thrive, the demand for DAA in coatings, adhesives, and specialty applications will remain strong. The market is expected to face a balanced demand-supply scenario, although periodic fluctuations in raw material costs and logistics challenges may create temporary price spikes.
The Asia-Pacific region will continue to lead the market, particularly China and India, driven by manufacturing and construction activities. North America and Europe will see steady demand, with industrial coatings and pharmaceuticals leading consumption.
The supply chain for diacetone alcohol remains somewhat vulnerable to raw material price fluctuations, energy cost changes, and geopolitical factors that could impact manufacturing and logistics. Stakeholders will need to closely monitor global trends to navigate the market effectively.
Key Influential Factors Impacting Diacetone Alcohol Prices
Several factors impact the price of diacetone alcohol, including:
- Raw Material Costs: Diacetone alcohol is produced from acetone, a key raw material derived from petrochemicals. Fluctuations in crude oil and acetone prices directly affect the production cost of DAA.
- Energy Costs: The production of diacetone alcohol is energy-intensive, and increases in electricity and natural gas prices can raise manufacturing costs.
- Demand Fluctuations: Demand from key sectors like automotive, construction, and electronics heavily influences price trends. Seasonal and cyclical variations can also play a role.
- Logistics Challenges: Shipping delays, freight costs, and port congestion can impact the timely delivery of diacetone alcohol, influencing price dynamics.
- Regulatory Changes: Environmental regulations, particularly around solvent emissions and production processes, may impact pricing and availability.
- LG Chem (South Korea) is a leading supplier of diacetone alcohol with a strong presence in Asia-Pacific, particularly in the automotive and construction sectors.
- ExxonMobil (USA) is a major producer and exporter of diacetone alcohol with operations in North America, Europe, and Asia.
- Evonik Industries (Germany) serves as a key player in the European market, offering high-purity diacetone alcohol for use in coatings and specialty chemicals.
- SABIC (Saudi Arabia) is a significant supplier of diacetone alcohol, particularly in the Middle East and Asia-Pacific regions.
- Mitsubishi Chemical (Japan) produces diacetone alcohol for markets in Asia and North America, focusing on industrial applications.
- Reliance Industries (India) is a major supplier of diacetone alcohol in the Indian subcontinent, with growing export capabilities.
Regional Overview of the Diacetone Alcohol Market
Asia-Pacific
Asia-Pacific, led by China and India, dominates the global diacetone alcohol market. Demand is driven by industrial manufacturing, coatings, and adhesives. The region will continue to see strong growth due to increasing infrastructure development.
Europe
Germany, France, and Italy are major consumers of diacetone alcohol in Europe. The market is supported by steady demand from the automotive and coatings sectors.
North America
The U.S. and Canada continue to be major consumers of diacetone alcohol in North America, driven by demand from coatings, adhesives, and pharmaceutical industries.
Latin America
Brazil remains the key consumer of diacetone alcohol in Latin America, relying on imports to meet demand in the industrial coatings and adhesives markets.
Middle East & Africa
The Middle East, particularly the UAE and Saudi Arabia, has increasing demand for diacetone alcohol in construction and automotive applications. Growth in infrastructure development is expected to drive further demand.
Final Words
The diacetone alcohol price trend analysis provides valuable insights into the current and future state of the market. With steady growth projected through 2025, driven by strong demand from automotive, construction, and coatings sectors, the market remains competitive. Price fluctuations driven by raw material costs, logistics challenges, and regulatory factors will continue to influence the market. By monitoring these trends, stakeholders can optimize sourcing strategies and mitigate risks associated with price volatility.
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