Global Diacetone Acrylamide Market: Industry Analysis and Forecast (2020-2026)
Global Diacetone Acrylamide Market size was valued at US$ XX Bn. in 2019 and the total revenue is expected to grow at 4.1 % through 2020 to 2026, reaching nearly US$ XX Bn.
Global Diacetone Acrylamide Market Overview:
Diacetone Acrylamide is a white crystalline solid that holds high water and alcohol solubility characteristics. Diacetone Acrylamide holds a high boiling point and reactivity ratio which helps them in forming polymers and copolymers. Diacetone Acrylamide is prepared by condensation of acrylonitrile and acetone in sulfuric acid. Diacetone Acrylamide is a type 0f chemical that holds properties that are used as a coating agent, tackiness agent, and in the healthcare sector. Diacetone Acrylamide is used in epoxy resins, acryl emulsion, photosensitive resins, and water-based paints. Diacetone Acrylamide is used on a large scale by the chemical industry in manufacturing paints, lubricating oils, printing inks, and different chemicals.
Diacetone Acrylamide is used by the pharmaceuticals industry in manufacturing orthopedic Bandages and covers. Diacetone Acrylamide is used on a large scale in manufacturing gel and solutions for hair-related issues. Increased demand for highly soluble chemicals has resulted in a rise in demand for Diacetone Acrylamide. Easy to manufacture and a wide-scale application in the industrial and commercial sector has resulted in a growth in the Global Diacetone Acrylamide Market.
Global Diacetone Acrylamide Market Dynamics:
Increased demand for long-lasting metallic products has resulted in a rise in demand for coating materials. Diacetone Acrylamide is one such product that increases the water-repelling, rust and corrosion resistance, and hardening properties of the metals it is applied on. This has resulted in increased use of Diacetone Acrylamide by the Metal, Industrial Goods, and Chemical industries.
Diacetone Acrylamide is used in manufacturing water-based paints. Diacetone Acrylamide is used in manufacturing different chemicals, laboratory chemicals, modifiers, and plastic additives. Increased demand for chemicals and plastic products by the industrial, commercial and domestic sectors has resulted in increased demand for Diacetone Acrylamide.
A report by Nishant V. Tale and Ramanand Jagtap published by the Institute of Chemical Technology, Mumbai, states that coatings that have 4% by weight Diacetone Acrylamide in copolymer emulsion exhibited improved chemical resistance and mechanical properties. This report has provided a scientific validation for the use of Diacetone Acrylamide in manufacturing chemicals used for coating industrial equipment.
A report by Nicola Kessel and others published by the Journal of Coating Technology and Research states that the rate and total amount of surfactant exudation were found to be influenced by crosslinking for particle deformability and evaporation rate. This report has clarified the presence of properties in Diacetone Acrylamide that can increase the functionality of chemicals it is added with. This report provides a detailed analysis of the wide-scale application of Diacetone Acrylamide in manufacturing different industrial chemicals.
A report by WHO published in 2016 states that 1 out of every 7 people suffers from some sort of orthopedic issue. An increase in orthopedic issues by people in the age group of 18-45 years has resulted in increased demand for orthopedic bandage. A report by WTO states that Global Orthopedic Bandage Market was worth US $ 4.5 Billion in the year 2017. The use of Diacetone Acrylamide in manufacturing orthopedic bandages has opened doors for increased use by the Healthcare sector and the Pharmaceutical Industry.
Increased demand for coating materials by the commercial and industrial sectors act as the major driving factor for the growth of the Global Diacetone Acrylamide Market.
Restraints:
The rising preference for low-cost alternatives acts as the major restraining factor.
Global Diacetone Acrylamide Market Segment Analysis:
The Global Diacetone Acrylamide Market is segmented on the basis of
By Type, It is observed that more than 75% of the consumption of Diacetone Acrylamide by the chemical industry is of 99% pure form. The rising demand for Adhesives has resulted in a 1.2% increase in demand for Diacetone Acrylamide in purity above 98%.
By Application, It is observed that rising demand for corrosion-resistant products has resulted in a 2.8% increase in demand for Diacetone Acrylamide as a waterborne coating agent. Increased demand for hair treatment products has resulted in a 2.1% increase in demand for Diacetone Acrylamide by the Global FMCG sector.
Increased demand for Resin Modifiers with low surface tension properties has resulted in a 1.7% increase in demand for Diacetone Acrylamide. Increased demand for emulsifying solutions by the paper and textile industries has resulted in a 1.5% increase in demand for Diacetone Acrylamide. Different industries use Diacetone Acrylamide as per need.
By End User, It is observed that more than 58% of the Diacetone Acrylamide is consumed by the Chemical and Pharmaceuticals industries. Increased demand for emulsifying agents has resulted in a 2.3% increase in demand for Diacetone Acrylamide by the commercial sector associated with the metalwork industry. The approval from the FDA for the use of Diacetone Acrylamide in manufacturing cutleries used for serving food products has resulted in a 2.7% increase in the use of Diacetone Acrylamide by the Foodservice industry.
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It is observed that increased demand for Coating materials has resulted in a 3.6% increase in demand for Diacetone Acrylamide by the Chemical industry. Increased preference for hair care products by people from all age groups has resulted in a 2.7% increase in demand for Diacetone Acrylamide by the Personal Care Products industry. The rising demand for orthopedic bandages has resulted in a 2.1% increase in demand for Diacetone Acrylamide by the Pharmaceutical industry.
The rising demand for agents with a low evaporation rate has resulted in a 1.3% increase in demand for Diacetone Acrylamide by the Textile industry. Increased demand for the emulsified paper on a large scale has resulted in a 1.6% increase in demand for Diacetone Acrylamide by the Paper industry. Different industries use Diacetone Acrylamide as per need.
Global Diacetone Acrylamide Market Regional Insights
Increased demand for surface coating chemicals has resulted in a 3.4% increase in demand for Diacetone Acrylamide in North America. An increase in demand for industrial and commercial chemicals has resulted in a 2.6% increase in demand for Diacetone Acrylamide by the Chemical industry present in this region.
The rising preference for color photography on a large scale has resulted in a 3.1% increase in demand for Diacetone Acrylamide in Europe. It is observed that rising preference for products on hair and skin-related issues has resulted in a 2.6% increase in the consumption of Diacetone Acrylamide by the Personal Care Products industry present in this region.
The rising preference for long-lasting metallic products has resulted in a 1.4% increase in the consumption of Diacetone Acrylamide in the Asia-Pacific. The presence of a big chemicals manufacturing industry has resulted in a 2.1% increase in the consumption of Diacetone Acrylamide in South America. The Middle East and Africa’s Market is showing a growth rate of 1.4%, the reason for which is the steady growth in the industrial sector present in this region.
The objective of the report is to present a comprehensive analysis of the global Diacetone Acrylamide market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the global Diacetone Acrylamide market dynamics, structure by analyzing the market segments and Project the global Diacetone Acrylamide market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Diacetone Acrylamide market make the report investor’s guide.
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Global Diacetone Acrylamide Market 2
Global Diacetone Acrylamide Market, by Region:
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Global Diacetone Acrylamide Market Key Players
• ThromboGenics NV
• Allergan PLC
• Bayer AG
• Regeneron Pharmaceuticals Inc.
• Novartis AG
• NeuroMetrix, Inc.
• Nippon Kasei Chemical Co., Ltd.
• KH Neochem Co., Ltd.
• Gantrade Europe BVBA
• Vinati Organics Ltd.
• Metals Kingdom Industry Ltd.
• Yantai Fushan Chemical
• Shandong Head Co., Ltd.
• Weifang Chemical Co., Ltd.
• Shandong Xinhua Pharmaceutical Co., Ltd.
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