Transparency Market Research has published a new
market report titled “TCD Alcohol DM Market - Global Industry
Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.”
According to the report, the global TCD Alcohol DM market was valued
at US$10.9 mn in 2014 and is anticipated to reach US$19.9 mn by 2023,
expanding at a CAGR of 7.0% between 2015 and 2023.
Tricyclodecanedimethanol Alcohol (TCD Alcohol DM) is
a colorless, highly viscous substance at room temperature with a
characteristic odor. It is sparingly soluble in aliphatic, aromatic
hydrocarbons, and water.
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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. TCD Alcohol DM is
used in the production of dimethacrylates that are used in UV curing
applications such as inks, adhesives, coatings, and electronics.
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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The UV cure coatings segment dominated the global TCD
Alcohol DM market in 2014 in terms of volume, accounting for nearly
45% share. Significant growth in the UV cure coatings market owing to
the proliferating electronics industry is expected to drive demand
for TCD Alcohol DM during the forecast period.
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.
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Oxea GmbH, a global supplier of solvents, polyols,
and oxo derivatives such as carboxylic acids, olefin derivative, and
alkylamines, manufactures TCD Alcohol DM. It is the sole producer of
TCD Alcohol DM in the market. The technology of producing TCD Alcohol
DM is patented by this company. Dynamics of the TCD Alcohol DM market
are expected to change once the patent expires by 2023. There is
negligible threat of backward integration from buyers due to
monopolistic nature of the market.
The report segments the 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
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa (MEA)
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