TCD Alcohol DM Market size will surpass USD 20 million by 2024, growing at close to 7% from 2016.
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.
U.S. TCD Alcohol DM Market size, by application, 2013 - 2024 (USD Million)
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.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/1116
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.
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.