Published: Jul, 2019
The competitive landscape of the global TDI alcohol DM market is highly consolidated. This is mainly due to dominance of the single players on the overall market, says Transparency Market Research (TMR). Oxea Corporation is the sole manufacturer of the alcohol DM and this makes market highly tough and strident for other players. The reason behind the monopoly of Oxea Corporation that the company have the patient for the drug manufacturing.
However, it is estimated that in forthcoming years the patient will be revised and there are chances for several other players entering in the market. This will make TCH alcohol DM market competitive and profitable for the investors.
According to the TMR, the global TCD alcohol DM market was noted at a valuation of US$10.9 mn in 2014. The market is expected to rise at a healthy 7% CAGR during the forecast period. Rising at this CAGR, in the TCD alcohol DM market is expected to surpass a revenue of US$19.9 mn by 2023.
On the basis of geography, Asia Pacific is expected to hold a majority of share in the TCD alcohol DM market. This is mainly attributed to the presence of several tech-savvy populations coupled with the increasing disposable income in the region. Based on application, UV Inkjet Inks segments is anticipated to dominate the overall all market owing to the rising demand form the end users industries.
Rising Demand from Construction Industry to Boost Demand
The TCD alcohol market is expected to rise at a significant pace in the coming few years. This is mainly due to the increasing application in several industrial sectors. Further, substantial rise in the number of school going population in countries like India and China has given a boost TCD alcohol DM market size. That’s because TCH alcohol DM is used in the manufacturing of graphite lead.
Along with this, rapid increase in electronics industry is expected to boost the demand for the product. The TCD alcohol is used to provide a protective UV coating to the electronic gadgets. Along with this, increasing application scope of the TCD alcohol DM coating in automobiles, decorations, telecommunications, and graphic arts is projected to positively influence the growth of the TCD alcohol DM market.
Further several desirable properties of the TCD alcohol such as higher productivity, better product quality, and eco-friendly features are some other factors expected to boost the growth of the global TCD alcohol DM market. Several ongoing research and development activates in the market is projects to increase a plethora of opportunities for the global TCD alcohol DM market in the upcoming years.
Furthermore, better wetting property and higher refractive index of the TCD alcohol DM product make them highly desirable in optoelectronic products such as photoresists, optical fibres, and LCDs.
Depleting Petroleum Reserves to Impede Market Growth
However, factors such as depleting petroleum reserves and increasing environment concern pertaining to the use of TCD alcohol DM is a significant factor expected to impede the growth of the market in the coming few years. Nevertheless, use of TCD alcohol DM for the manufacturing of UV cured inks and coatings is another factor expected to drive the market growth.
Moreover, developments in optoelectronics, optical fibres, photoresists, and display boards, are some other factors expected to stimulate the demand for TCD alcohol DM market in the coming few years.
The information presented in this review is based on a TMR report, titled “TCD Alcohol DM Market (Application - UV Cure Coatings, UV Inkjet Inks, Optoelectronics, and UV Adhesives) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.”
The Global TCD Alcohol DM Market has been segmented as below:
- UV cure coatings
- UV inkjet inks
- Others (Including UV Adhesives, Optoelectronics, etc.)
- North America
- Rest Of Europe
- Asia Pacific Excluding Japan
- Rest Of Asia Pacific
- Latin America
- Rest of South America
- Middle East & Africa (MEA)
- South Africa
- Rest of MEA
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