TCD alcohol DM market is solely dependent on the growth in the application segments. Growing application of UV cured coatings in industries including electronic gadgets, automobiles, decorations, telecommunications, and graphic arts will positively influence the industry growth. UV cure coatings constitute roughly 5% of the global industrial coatings industry and will gradually gain shares from aqueous or solvent based coatings owing to higher productivity, better product quality, and eco-friendly features.
U.S. TCD Alcohol DM Market size, by application, 2013 – 2024 (USD Million)
TCD Alcohol DM Market size is slated to cross USD 20 million by 2024; according to a new research report by Global Market Insights, Inc.
It is a specialty raw material for a varied range of polymers including polyesters, polyurethanes, polyols, and acrylates. These polymers are further used in the manufacture of paints & coatings, inks, resins, and lacquers. The global TCD alcohol DM market will be driven by its extensive application in the manufacturing of UV cured inks and coatings, which look set to grow at over 10% in the near future. Depleting petroleum reserves and increasing environmental concerns will be major influences on the global demand.
Strong UV cured adhesive demand trends for flexible packaging business will also catalyze the overall growth. Flexible packaging demand in FMCG and pharmaceutical applications will likely have a beneficial impact on adhesive consumption, to it prevents microbial growth and arrest contamination. Global flexible packaging industry accounted for more than USD 80 billion in 2015 will remain a key avenue for TCD alcohol DM market demand.
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UV cure coatings accounted for over 40% of the total TCD alcohol DM market size in 2015 and it will likely grow at more than 7% CAGR with rapidly increasing technologically aware population and increasing popularity of sophisticated and innovative portable electronic devices.
Developments in optoelectronics will also offer growth opportunities up, increasing product application in synthesizing methacrylate monomers, which are used in optoelectronic devices including optical fibers, photoresists, and display boards, will stimulate demand. These devices have better performance and cost effectiveness than the traditional devices and will likely substitute them in the coming years.
Browse key industry insights spread across 92 pages with 83 market data tables & 12 figures & charts from the report, “TCD Alcohol DM Market Size by Application (UV Cure Coatings, UV Inkjet Inks), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024” in detail along with the table of contents:
Mature print industry will drive product growth in UV inkjet ink application, which already generates more than USD 5 million revenue for the TCD alcohol DM market as of 2015, with growth driven by superior properties over petrochemical inks.
Asia Pacific accounted for a notable market share due to high tech-savvy juvenile population in countries such as Japan, China, India, Taiwan, and South Korea. The region recorded a revenue above USD 4 million in 2015. North America and Europe TCD alcohol DM market will have slower growth because of maturity of the end-use industries. However, novel and innovative optoelectronic products may enhance regional potential.
Product exclusiveness and manufacturing technology will hinder global TCD alcohol DM market growth. Possession of intellectual property rights by manufacturing companies will restrain new companies from entering in the business. All new entrants must purchase the patented technology, making the industry monopolistic.
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