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TCD Alcohol DM Market - UV Cure Coatings Segment to Register Maximum Demand for TCD Alcohol DM | Research By 2023

TCD Alcohol DM Market

TCD Alcohol DM Market

Rising demand for UV cured adhesives in flexible packaging is expected to drive the global TCD Alcohol DM market during the forecast period. Additionally, increasing demand for UV cured inks is expected to fuel the market growth in the near future. Proprietary Technology is a major restraint for the global TCD Alcohol DM market. Furthermore, research and development in the optoelectronics sector is expected to open new avenues for the global TCD Alcohol DM market in the near future. The global UV curable printing inks market is primarily driven by increasing demand from applications such as corrugated containers, flexible packaging, publication, commercial printing, and others. In addition, the publication and commercial printing segment is considerably high in developing economies across Asia Pacific. Furthermore, publication and commercial printing continues to be one of the major segments in developed regions such as Europe and North America.

In terms of volume, UV cure coatings was the largest application segment of the global TCD Alcohol DM market, accounting for over 40% in 2014. The UV cure coatings market is expanding significantly. This trend is projected to continue in the near future, majorly driven by high growth in Asia Pacific and intense efforts to promote eco-friendly products. UV cure coatings exhibit competitive performance as compared to conventional products. This, in turn, is expected to boost demand for TCD Alcohol DM in the next few years.

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TCD alcohol DM offers outstanding elasticity, and transparency to the final product and is suitable for the production of high-performance hard surface coatings. The global TCD alcohol DM market is segmented on the basis of geography and application. By geography, the global TCD alcohol DM market is divided into Europe, Asia Pacific, North America, Latin America, the Middle East and Africa, and Rest of the World. In 2014, in terms of volume, Asia Pacific accounted for over 35% of the global TCD alcohol DM market. Increasing environmental awareness and advancements in the electronics industry are expected to drive the Asia Pacific TCD alcohol DM market in the years to come.

Rising demand for UV cured adhesives in flexible packaging is expected to drive the global TCD Alcohol DM market during the forecast period. Additionally, increasing demand for UV cured inks is expected to fuel the market growth in the near future. Proprietary technology is a major restraint for the global TCD Alcohol DM market. Furthermore, research and development in the optoelectronics sector is expected to open new avenues for the global TCD Alcohol DM market in the near future.

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In terms of volume, Asia Pacific dominated the global TCD Alcohol DM market, accounting for more than 35% in 2014. Asia Pacific is expected to be the fastest-growing segment during the forecast period owing to increasing environmental awareness coupled with growth in the electronics industry in China, Japan, and South Korea. Rising demand in industrial coating in Europe is expected to drive the TCD Alcohol DM market in this region in the near future. North America is expected to exhibit above-average growth in the TCD Alcohol DM market during the forecast period owing to rising growth in the UV inkjet inks industry in this region.

Oxea GmbH, the leading supplier of polyols, solvents, and oxo derivatives, manufactures TCD alcohol DM. Oxea GmbH is the sole manufacturer of TCD alcohol DM in the market. The global TCD alcohol DM market dynamics are predicted to change once the patent expires at the end of 2023. Methacrylates possess decent wetting properties and thus are employed in UV curable inks. Over the past few years, there have been an increasing number of applications of TCD alcohol DM. Some of the applications that demand TCD alcohol DM are flexible packaging, commercial printing, corrugated containers, and publication.

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