TCD Alcohol DM Market Size Set for Continued Growth, Oxea Corporation is the sole manufacturer in the industry

The applications of the global TCD alcohol DM industry mainly include UV inkjet inks and UV cure coatings. The UV cure coatings application is slated to register a CAGR of more than 7% over 2016-2024, having contributed to more than 40% of the total global share in 2015. A rising demand for handy and ingenious electronic gadgets, automobiles, and other applications is likely to catapult the UV cure coatings sector to greater heights. Solvent-based UV cure coatings are preferred due to high quality and environment friendly characteristics.

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TCD Alcohol DM Market is expected to grow at a CAGR of more than 7% owing to the rising environmental issues, depleting natural resources, computerization and need for sophisticated electronic devices. Flexible packaging adopted by pharmaceutical and FMCG firms uses UV cure adhesives driven by a low VOC emission rate and high bond strength, which will further fuel this market. According to Global Market Insights, Inc., “TCD Alcohol DM Industry size is expected to exceed USD 20 million by 2024.”

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.

Asia Pacific TCD Alcohol DM industry is predicted to be the most promising region over the coming seven years, owing to increasing awareness about the technological advancements in countries such as Japan, South Korea, India, and China. A growing juvenile population of over 600 million in India and China will require improved education facilities, driving the demand for UV inkjet inks.

Europe TCD alcohol DM market is anticipated to grow at a CAGR of over 6.5% over 2016-2024. The relatively slower growth rate can be attributed to the nature of the industry, though it is expected to rise in the next few years, driven by the high living standards of this region and a subsequent demand for optoelectronics.

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TCD alcohol DM market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in tons & revenue in USD from 2013 to 2024, for the following segments:

TCD Alcohol DM Market by application

• UV cure coatings
• UV inkjet inks
• Others

The above information is provided on a regional and country basis for the following:

• North America
o U.S.
o Canada

• Europe
o Germany
o UK
o France
o Spain
o Italy

• Asia Pacific
o China
o India
o Japan
o Australia
o Indonesia
o Malaysia

• Latin America
o Brazil
o Mexico

• MEA
o South Africa
o GCC

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Oxea Corporation remains the sole owner of the patent for this product and consequently, the only producer. The company has monopolized the market, having acquired patents from various patent offices. New companies wanting to foray into TCD alcohol DM industry will initially require to purchase the patent from Oxea.

Despite the emergence of digitization, global TCD alcohol DM market will have an upper hand owing to the exceptional characteristics of UV inkjet inks. The wide usage of UV cure coatings in the telecommunication and automotive sectors and the growing applications of UV cure adhesives for the global flexible packaging industry will remain a reliable outlet for TCD alcohol DM market.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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This release was published on openPR.