Diisobutyl Ketone Market: Introduction
Diisobutyl ketone is a colorless and stable liquid. It emits a mild sweetish menthol odor. Diisobutyl ketone has a high boiling temperature and delivers as a slow evaporating solvent. It has limited solubility in water, but it is miscible with ketones and other alcohols. Diisobutyl ketone provides superior viscosity reduction properties. It reduces surface tension in specific solid coatings. Diisobutyl ketone is highly used in industrial chemistry. It ensures excellent solubility in numerous synthetic resins such as vinyl, acryl, alkyd, epoxy resins, and polyester. Diisobutyl ketone is widely used as a solvent in the making of nitrocellulose varnishes and coatings. It is employed as a solvent in high-content solid parts for chemical processing. Diisobutyl ketone is used as a solvent in key applications such as adhesives, printing inks, dyes, and insecticides. It is used in mining applications for the extraction of gold and rare earth metals. Diisobutyl ketone is used in the pharmaceuticals industry as a drug component.
Increase in demand for paints and coatings for enhancing the attractiveness for offices and homes across the globe is projected to fuel the diisobutyl ketone market during the forecast period. Diisobutyl ketone is widely used in the manufacture of various paints and coatings products due to its excellent solubility properties. This is anticipated to drive demand for it in the next few years. However, complex manufacturing process of diisobutyl ketone and availability of substitute chemicals are likely to hamper the diisobutyl ketone market during the forecast period.
Diisobutyl Ketone Market: Segmentation
The global diisobutyl ketone market can be segmented based on type, application, and region. Based on type, the diisobutyl ketone market can be segmented into food grade and industry grade. The industry grade segment is expected to hold a dominant share during the forecast period. High usage of diisobutyl ketone in a number of industries to manufacture inks, dyes, lacquers, varnishes, and coatings is likely to fuel demand for diisobutyl ketone.
In terms of application, the diisobutyl ketone market can be divided into chemical processing, solvent, flavoring, and others. The solvent segment is projected to hold a dominant share of the diisobutyl ketone market during the forecast period. Diisobutyl ketone is highly preferred as a solvent due to its excellent solubility in alcohol and organic solvents. This is anticipated to boost demand for it in the next few years.
Diisobutyl Ketone Market: Region-wise Outlook
Based on region, the diisobutyl ketone market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In terms of consumption, Asia Pacific held a major share of the diisobutyl ketone market during the forecast period. Diisobutyl ketone is widely used in industries such as chemicals, paints, and coatings. Global paint and coating companies have production facilities in Asia Pacific, as it is a high potential region for various industries. Rapid industrialization in counties such as China, South Korea, and India and development of infrastructure are anticipated to fuel the diisobutyl ketone market. North America and Europe are projected to hold a major share of the diisobutyl ketone market in the next few years. The U.S. has a large number of global paints and coatings companies. Increase in consumer demand for painting applications is estimated to fuel the diisobutyl ketone market in the near future. The diisobutyl ketone market in Latin America is also likely to expand at a moderate pace, owing to the recovery in the construction sector. The diisobutyl ketone market in Middle East & Africa regions is estimated to expand at a sluggish pace during the forecast period, owing to the limited presence of industries across the region.
Diisobutyl Ketone Market: Key Players
A large number of companies operate in the global diisobutyl ketone market. Prominent manufacturers of diisobutyl ketone market include Eastman Chemical Company, Royal Dutch Shell, Dow Chemical Company, and Mitsui Chemicals..
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis