Global TCD Alcohol DM Market: Snapshot
Tricyclodecane alcohol dimethanol, also known as TCD alcohol DM, is colorless and highly viscous. It also has a characteristic odor. The material is slightly soluble in water and aliphatic hydrocarbons. TCD alcohol DM brings about excellent elasticity, transparency, and harness to the final product and hence finds application in creating quality hard surface coatings. TCD alcohol DM is also used in manufacture of dimethacrylates, which again find application in numerous UV curing applications such as UV curing adhesives, UV curing inks, and electronics.
Serving to stoke growth in the TCD alcohol DM market is the flexible packaging industry, wherein UV curing adhesives are finding widespread usage and also the surging popularity of eco-friendly UV curing inks as opposed to petrochemical-based products. The popularity of flexography due to increasing investment in product marketing and generating brand-recall, is expected to provide substantial push to adoption of UV curing inks in the upcoming years, thereby benefitting the market for TCD alcohol DM. The strong demand for flexible packaging on account of the robust e-commerce and logistics industries will also likely benefit the global market for TCD alcohol DM.
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Asia Pacific currently rakes in maximum revenue in the global TCD alcohol DM market mainly on account of the continued growth in main end-use segments in the region in the recent past. Further, the sizeable chunk of school children in countries of China and India, will also drive sales for printed books, which in turn will lead to uptake of UV inkjet inks in the foreseeable future.
Global TCD Alcohol DM Market: Overview
Tricyclodecane alcohol dimethanol (TCD alcohol DM) is a colorless and highly viscous substance with a characteristic odor. The material is sparingly soluble in water and aliphatic and aromatic hydrocarbons. TCD alcohol DM offers outstanding harness, transparency, and elasticity to the final product and is used in the manufacture of a variety of high-performance hard surface coatings. The material is also used for the production of dimethacrylates, which are used in a number of UV curing applications such as UV curing inks, UV curing adhesives, and electronics.
Global TCD Alcohol DM Market: Key Trends
The global demand for TCD alcohol DM will be chiefly driven by the rising usage of UV curing adhesives in the flexible packaging industry and the increased preference to the environment-friendly UV curing inks over petrochemical-based products. The thriving market for flexography owing to rising investment in product marketing and branding activities will provide a significant boost to the overall global consumption of UV curing inks in the next few years, subsequently driving the market for TCD alcohol DM. The heightened demand for flexible packaging owing to the thriving logistics and e-commerce industries will also provide a huge thrust to the global TCD alcohol DM consumption.
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Global TCD Alcohol DM Market: Market Potential
Of the key areas of application of TCG alcohol DM, the segment of UV curing coatings is expected to contribute the dominant share of revenue to the global market in the next few years. The significant rise in demand for portable, innovative, and sophisticated electronic devices is key to the heightened demand for UV curable coatings in the global market. The segment is also expected to exhibit growth at a significant pace in the next few years, retaining dominance.
Another segment expected to generate promising growth opportunities for the TCD alcohol DM market is the segment of UV inkjet inks. Although the rising popularity of digital media threatens to sabotage the growth potential of the printing industry, certain sectors such as education, publishing, and advertising will continue to drive the demand for UV curable inkjet inks in the future as well.
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Global TCD Alcohol DM Market: Geographical Overview
From a geographical perspective, the global TCD alcohol DM market gains the dominant share in its revenue from the Asia Pacific market, chiefly owing to the steady growth observed in key end-use segments in the region in the past few years. The high population of school goers in countries such as India and China will lead to an increased demand for printed books, driving the heightened demand for UV inkjet inks over the next few years. The region is also expected to remain the most significant market for TCD alcohol DM over the forecast period. Europe will also remain one of the key markets for TCD alcohol DM owing to the high demand for optoelectronics from the region’s affluent population.
Global TCD Alcohol DM Market: Competitive Dynamics
The global TCD alcohol DM market features a monopolistic vendor landscape, with the company Oxea Corporation being the sole patent holder and manufacturer in the market. As such, the market has negligible scope of forward integration from raw material manufacturers to produce the material as well as a negligible threat of backward integration from buyers. Although this scenario has restricted new vendors from foraying into the market, the situation could change after the patent is expired, which is expected to happen by the end of the report’s forecast period. As a number of companies will start manufacturing TCD alcohol DM post that, the competitive scenario of the market is expected to significantly change.