TCD Alcohol DM Market: Snapshot
The demand for UV cured adhesives is increasing in flexible packaging and this is anticipated to boost the global TCD alcohol market. The growing demand for UV cured inks is also slated to push the growth of the global TCD alcohol market resulting in the market being worth US$19.9 mn by 2023. The market was worth US$10.9 mn in 2014 and is projected to expand at a 7% CAGR from 2015 to 2023 driven by the demand for TDM alcohol for the manufacturing of dimethacrylates. Dimethacrylates are used in various UV curing applications such as inks, electronics, coatings, and adhesives, driving the demand for TCD alcohol.
Patent Expiry Could Lead to Backward Integration from Buyers
At present Oxea GmbH is the sole producer of TCD alcohol DM as the technology of producing TCD alcohol DM is patented by this company. However, with the patent expiry date approaching soon, the market dynamics is expected to change. The patent expiry is scheduled for 2023, and is projected to lead to a backward integration from buyers on account of the monopolistic nature of the global TCD alcohol DM market. However, the threat is expected to be negligible.
Use of TCD Alcohol DM in Manufacturing High Performance Surface Coatings to Boost Market
TCD alcohol DM gives enhanced elasticity to final products. It imparts remarkable transparency to products and are therefore, used in the manufacturing of high performance surface coatings. However, propriety technology will pose as a major challenge for the TCD alcohol DM market. On a positive note, the extensive research and development carried out in the field of optoelectronics is estimated to bode well for the market by creating opportunities of growth in the forthcoming years. The high demand for flexible packaging, corrugated containers, commercial printing, and publication is expected to boost the growth of the market.
Europe to Expand at Fastest Rate in Future
Europe is projected to make the fastest growth in the global TCD alcohol DM market in the coming years. The publication and commercial printing segments are highly developed in European countries and this is expected to further the demand for TCD Alcohol DM in UV inkjet inks. Since the demand is likely to remain high from the packaging market, as this market is thriving, the European TCD alcohol DM market will flourish. North America is also expected to witness a steady growth in the market in the future. Asia Pacific led in 2014, accounting for around 35% of the total market share. Some of the factors attributed to the leading status of Asia Pacific include advancements in electronics industry and rising environmental awareness.
Future Demand for UV Coatings to See an Upward Trend
On the basis of application, the global TCD alcohol DM market is segmented into UV inkjet inks, UV cure coatings, and others. The others segment comprises UV adhesives and optoelectronics. The UV cure coatings segment in 2014 accounted for a massive 45% of the market. The advancements and developments in the electronics industry are behind the growth of the UV coatings market. The market is slated to witness a growth mainly on account of the high demand from Asia Pacific and increasing efforts to encourage the adoption of eco-friendly products. As UV cure coatings offer competitive performance against traditional products, their demand will increase, which is slated to boost the global TCD Alcohol DM in coming years.
TCD Alcohol DM is used in the production of UV cure coatings, UV inkjet inks, and UV adhesives. It is also employed in opto-electronic applications. It is a colorless, highly viscous substance at room temperature with a characteristic odor. It is sparingly soluble in aliphatic, aromatic hydrocarbons, and water. TCD Alcohol DM is miscible with the usual polar organic solvents; however, one of the primary isomers may tend to crystallize during the storage of such mixtures. It functions as a starting material for various formulations. TCD Alcohol DM provides excellent transparency, elasticity, and harness to the final product. It is a suitable product for the preparation of high-performance hard surface coatings; for instance, as protective coatings in touch panels.
This report forecasts and analyzes the TCD Alcohol DM market on a global level. The study provides historic data for 2014 coupled with forecast from 2015 to 2023 based on volume (tons) and revenue (US$ Mn). It includes drivers and restraints for the TCD Alcohol DM market along with their impact on demand during the forecast period. Additionally, the study comprises opportunities available in the TCD Alcohol DM market. Detailed value chain analysis has been included to provide a comprehensive view of the TCD Alcohol DM market. Analysis of Porter’s Five Forces Model for the TCD Alcohol DM market has also been included to help understand the competitive landscape in the market.
The study analyzes the TCD Alcohol DM market by segmenting it based on applications and regions. Regional segmentation includes current and forecast demand for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The segmentation comprises demand for applications across all regions. Application segmentation comprises UV cure coatings, UV inkjet inks, and others. The UV inkjet inks segment includes graphic arts such as printing inks, plates, and overprint varnishes. The UV cure coatings segment includes wood, plastic, metal, and other types of coatings. Additionally, other applications include UV adhesives and optoelectronics.
Prices of TCD Alcohol DM vary in each region. Hence, a similar volume-to-revenue ratio does not follow for each individual region. Regional average price has been considered while breaking down the market into applications in each region. Market numbers have been estimated based on demand for various applications of TCD Alcohol DM. Market size and forecast for each application have been provided in the context of the global and regional market. The TCD Alcohol DM market has been analyzed based on expected demand. Prices considered for calculation of revenue are average regional prices obtained through primary quotes from numerous regional suppliers, distributors, and direct selling regional producers based on manufacturer feedback and application requirement.
In order to compile the research report, we conducted in-depth interviews and discussions with a wide range of key industry participants and opinion leaders. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research includes a search of recent trade, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.
The report also offers competitive landscape of the overall market with Oxea GmbH being the sole producer of TCD Alcohol DM. Oxea GmbH is a global supplier of solvents, polyols, and oxo derivatives such as carboxylic acids, olefin derivative, and alkylamines and manufactures TCD Alcohol DM. Detailed description of the company overview in terms of headquarters, inception, and financial overview provides a thorough idea about the positioning of the player in the market.
This report segments the global TCD Alcohol DM market as follows:
TCD Alcohol DM Market – Application Analysis
- UV Cure Coatings
- UV Inkjet Inks
- Others (Including UV Adhesives, Optoelectronics, etc.)
TCD Alcohol DM Market – Regional Analysis
- North America
- Asia Pacific
- Latin America
- Middle East & Africa (MEA)