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.

Sellbyville, DE -- (SBWire) -- 03/15/2019 --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.

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.

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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.

Global TCD alcohol DM market can be categorized into three application segments including UV cure coatings, UV inkjet inks, and other application segment. UV cure coatings segment is anticipated to be valued above USD 9 million by 2024 growing with more than 7% CAGR. The growth of this segment will be boosted by the increasing demand for portable electronic gadgets and devices and innovations in the electronics sector. UV inkjet inks segment , in terms of volume, is anticipated to be more than 40% of the overall market. This segment will witness growth due to the products demand from the printing industry. Gradual substitution of petrochemical based inks with UV cured inks will augment the segments growth and propel the global TCD alcohol DM market during the forecast period.

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High demand for electronic products in countries like India, China, South Korea, Japan, etc. and shifting of electronic production bases to these countries will transform Asia Pacific region into the most significant market for TCD alcohol DM market. This region is anticipated to register a growth of around 7.5% CAGR and this growth will be augmented by rapidly developing electronics industry. Global TCD alcohol DM market in Europe is anticipated to be valued around USD 6 million by 2024. This region is characterized by rising demand for optoelectronics which will drive the industry growth during the forecast timeframe.

Global TCD alcohol DM market is highly monopolistic, with Oxea corporation owning the patent of the process used to manufacture the product. Any new market entrants will have to purchase the patent to be able to manufacture the product and this have limited the amount of competition in the market. However, after the expiry of the patents, the TCD alcohol DM market will likely turn highly competitive.

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Glimpse of Table of Content (ToC)

Chapter 3. TCD Alcohol DM Industry Insights
3.1. TCD alcohol DM industry segmentation
3.2. Industry Size and forecast, 2013 - 2024
3.3. Industry ecosystem analysis
3.4. TCD alcohol DM industry Impact forces
3.4.1. Growth drivers
3.4.1.1. Growing demand for UV cured inks
3.4.1.2. Increasing use of UV cured adhesives in packaging industry
3.4.2. Industry pitfalls & challenges
3.4.2.1. Exclusiveness of technology
3.5. Growth potential analysis
3.6 Regulatory trends
3.6.1 U.S.
3.6.2 Europe
3.6.3 China
3.7 Porter's analysis
3.8 Company market share analysis, 2015
3.8.1 Strategic landscape
3.9 PESTEL analysis
3.10 Regional price trends
3.10.1 Cost structure analysis
3.10.2 Raw material trends

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