TCD Alcohol DM Market size worth over $35 million by 2026
Published Date: December 7, 2020 Authors: Kiran Pulidindi, Akshay Prakash
According to a new research study published by the Global Market Insights, Inc., the TCD Alcohol DM Market size is expected to exceed USD 35 million by the end of 2026. The increasing usage of car air-conditioning systems for improving driving comfort is likely to drive market size.
The increasing R&D in the optoelectronic sector is offering lucrative opportunities for the TCD alcohol DM market. Methacrylate provides higher refractive index and better wetting property than other acrylates, making it highly preferable in optoelectronic products including optical fibers, photoresists, and LCDs, among others. Optoelectronic devices are likely to outperform conventional electronic devices due to their cost effectiveness and better & consistent performance.
The manufacturing process of TCD alcohol DM uses water and has less contamination with better yield, thus making it a viable chemical for the production in UV cured products. Moreover, due to ecofriendly nature of the product with low VOCs creates a radical shift towards UV cured coatings from solvent-based coatings.
Browse key industry insights spread across 120 pages with 85 market data tables & 28 figures & charts from the report, “TCD Alcohol DM Market , By Application (UV Cure Coatings, UV Inkjet Inks), Industry Analysis Report, Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026” in detail along with the table of contents:
Growing demand for UV cured inks to support industry proliferation
The TCD alcohol DM market share from UV inkjet inks segment will witness over 7% CAGR through 2026. TCD alcohol DM is a starting material for various formulations. It is used in the production of dimethacrylates, which is widely used in UV curable inks for its excellent wetting properties.
The increasing implementation of the UV inkjet inks in various applications from metal, glass plastic, and wood to other non-traditional substrates such as garments will support the TCD alcohol DM market growth. The UV inkjet ink has various advantages over other inks in the printing industry such as lower overall cost of printing, as it offers good opacity, smearing resistance, and environmental friendliness.
Ongoing developments in the computerization of office works and educational system results in the consequential increase in UV cured inks demand in printed books and documents that will drive the TCD alcohol DM market. UV cured inks are environmentally friendly in nature as they do not emit volatile organic compounds (VOCs), which reduce the requirement for special ventilation and disposal systems.
These inks comply with stringent environmental regulations and have a competitive advantage over their petrochemical-based counterparts because of the absence of VOCs, making them eco-friendly.
Increasing demand for the flexible packaging in e-retail and e-commerce to drive the product demand
The increasing trend of e-retail, e-commerce, and online food deliver services is driving the demand for flexible packaging materials. The flexible packaging utilizes UV cured adhesives, thus propelling the TCD alcohol DM industry expansion. These adhesives can be used in direct contact with food, which further expand the packaging application in the food sector.
In 2019, North America accounted for over 20% share in TCD alcohol DM market size owing to increasing usage of UV cured powder coating. The adoption of the combination of chemistry and curing technology improves the coating quality and reduces the overall cost. The increasing inclination toward the environmentally friendly solutions in the U.S. is expected to drive the demand for UV-cured coating.
The increasing adoption of UV curve coating in automotive applications as it offers stronger solvency compares to acetate esters in high solids coatings will further drive the demand for the TCD alcohol DM.
Some of the prominent players in the TCD alcohol DM industry are OQ Chemicals (OXEA), Synchem Ernesto Ventós, S.A, Mil-Spec Industries Corporation., Indukern - F&F and Moellhausen S.P.A., among others.