TCD Alcohol DM Market Size & Share 2020 to 2026
Market Size by Application (UV Cure Coatings, UV Inkjet Inks), Industry Analysis Report, Regional Outlook, Application Growth Potential, Price Trends, & Forecast.
Report ID: GMI1116
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Published Date: December 2020
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Report Format: PDF
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Authors:
Kiran Pulidindi, Akshay Prakash
TCD Alcohol DM Market Size
TCD Alcohol DM Market size was valued at USD 24.24 million in 2019 and is estimated to exhibit 7.2% CAGR from 2020 to 2026. The increasing use of the TCD alcohol in automotive applications such as touchscreen displays, UV car coatings, and the use as UV adhesives in automobiles for fitting door handles, hinges, edging extrusions, and various fixtures & fittings to glass panels will drive the industry expansion.
The usage of TCD alcohol DM by the printing companies has actively increased as it provides a steady printing process. This results in significant reduction in machine halting time and scrap rate. It also increases the printer productivity since machines can print at a higher rate while ensuring the same high quality. Furthermore, it lowers energy consumption and results in lower amounts of solvents to be recycled by machines, thereby fueling TCD alcohol DM market growth.
The increasing usage of flexible packaging in the food packaging will enhance the industry size. The growing logistics and the evolving e-commerce industry across the globe are likely to have positive impacts on flexible packaging demand in the coming years. Rising product applications in the production of UV-cured adhesives that is used in flexible packaging will drive TCD alcohol DM market share.
UV cured adhesives are acrylate-based, that are produced using TCD alcohol DM. The UV cured adhesives require lower materials and has low VOC emission. It can easily be used at room temperature and possesses high bond strength. The growing adoption of high-performance UV cured adhesives in the packaging sector owing to their ability to create quick strong bonds with a wide range of materials such as rubber, plastic, glass, ceramic, and metal is one of the prime factors driving TCD alcohol DM market growth.
TCD Alcohol DM Market Analysis
In 2019, UV cure coatings will generate over USD 10.5 million in TCD alcohol DM market size. TCD alcohol DM is used to provide UV cured coatings in various industries such as, graphic arts, electronics devices, and automobiles. The increasing use of the UV radiation proficiently cures the coatings such as adhesives, inks, and paints in a shorter time. The UV cured coating surfaces has long-life and high resistance to scratching and abrasion and is likely to drive market during the forecast period.
The ongoing COVID-19 pandemic has affected various industries such as printing, automotive, electronic gadgets, and others, due to strict social distancing norms and lockdowns by various governments across the globe. The average shutdown duration of the manufacturing and printing facilities across the world was nearly 10-15 working days. These factors will limit the TCD alcohol DM market expansion across the globe in 2020.
Significant developments of eco-friendly UV inkjet inks coupled with low VOCs in the printing industry are expected to positively drive the application penetration in TCD alcohol DM market by 2026. UV treated inks are likely to have more acceptance over petrochemical-based inks on account of rising eco-friendly nature of the UV inkjet inks and a global move toward non-volatile composites. The others application segment will attain a moderate growth potential and lower ability to capture the market as there will be significant penetration of TCD alcohol in UV cured coatings and inkjet inks.
Asia Pacific industry share, led by China, will witness over 7.5% CAGR by 2026. A substantial demand for printed books, labels, and packaging in the region will essentially contribute toward the high revenue generation. Currently, people across the region are adopting the habits of consuming the packaged food products and are using sanitation goods such as cleaning wipes, sanitizers, hand wash, and preventive essentials including floor & home appliances cleaners more frequently. Changing preferences are expected to create new opportunities for the FMCG sector, significantly impacting the printing ink industry across the region.
TCD Alcohol DM Market Share
The TCD alcohol DM industry is highly consolidated, OQ Chemicals (OXEA) is the leading player and accounts for around 85% - 90% of the market share. It has its own proprietary patented technology for the manufacturing process of TCD alcohol DM which provides a competitive edge. Also, strong brand image and around 1,900 raw material suppliers across the globe strengthens its market position. The new players will have to purchase the rights for the patented technology in order to start the manufacturing of the chemicals, further strengthening the position of Oxea.
In addition, it has widespread global presence in the U.S., Mexico, Germany, Amsterdam, China, Singapore, Tokyo, etc. which makes it the market leader. Some of the key strategies adopted by OQ Chemicals (OXEA) is production capacity expansion, acquisition, and collaboration with distributor.
The TCD Alcohol DM Market report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Tons and revenue in USD Thousand from 2016 to 2026 for the following segments
By Application
The above information is provided on a regional and country basis for the following:
By Region
Research methodology, data sources & validation process
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