TCD Alcohol DM Market to achieve considerable growth in 2024, APAC to remain a dominant growth avenue

Author : Ravi Chawat | Published Date : 2020-08-18 

Asia Pacific is considered the most lucrative region for the TCD alcohol DM market growth, subject to the increasing awareness and immense technical access in countries like South Korea, China, Japan, and India. Another profound factor which will prove to be favorable for the market demand from UV inkjet inks is the growing juvenile population of China and India which is currently estimated to be 600 million. Though Europe market is now experiencing a fairly steady pace, an appreciable upswing is expected in the next seven years. Driven by the upgraded living standards and the consequent demand for optoelectronics, Europe TCD alcohol DM industry is slated to witness a CAGR of 6.5% over 2016-2024.

Request sample copy of this report @ https://www.decresearch.com/request-sample/detail/1116

The report covers various areas such as TCD alcohol DM market size, segmental analysis, regional growth opportunities, drivers and constraints, major vendors in the market, as well as the competitive landscape. A highly methodical quantitative as well as qualitative analysis of the global TCD alcohol DM market has been covered in the report. The study evaluates the numerous aspect of this industry by studying its historical and forecast data. Also provided in the research report are a Porter’s five force model, in tandem with the SWOT analysis and PESTEL analysis of the TCD alcohol DM market.

TCD Alcohol DM market will be chiefly driven by the rising demand of UV cured inks as the product is employed in the synthesis of dimethacrylates which is then used in these inks for their wetting properties. Eco-friendly nature of UV cured inks gives them a competitive edge over other petrochemical based alternatives. The demand for these inks is anticipated to increase because of their extensive usage in various printing processes such as flexographic, inkjet, gravure, etc.

Revenue generated by the UV cured ink industry in 2015 was more than USD 1.5 billion and is estimated to exceed USD 4 billion in 2024. The industry will likely witness a growth of more than 10% CAGR and this will propel the global TCD alcohol DM market during the forecast timeframe.

The global industry by nature is highly monopolistic, which somehow acts as a road block in the business expansion. Possession of exclusive rights by some of the manufacturing companies hinders the entry of new companies in the business. Oxea Corporation remains the sole owner of the market, having acquired patents from several offices. All new entrants wanting to venture into TCD alcohol DM market will initially have to purchase patents from Oxea Corporation.

Decresearch has recently published a study titled ‘Global TCD alcohol DM market Research Report’. In this report, analysts have provided a detailed evaluation of the global TCD alcohol DM market. The report is inclusive of a completely comprehensive study of the TCD alcohol DM market alongside all the important factors that are likely to have an impact on the commercialization matrix of the market.


Get Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/tcd-alcohol-dm-market

The applications of the global TCD alcohol DM market mainly include UV inkjet inks and UV cure coatings. The UV cure coatings application is slated to register a CAGR of more than 7% over 2016-2024, having contributed to more than 40% of the total global share in 2015. A rising demand for handy and ingenious electronic gadgets, automobiles, and other applications is likely to catapult the UV cure coatings sector to greater heights. Solvent-based UV cure coatings are preferred due to high quality and environment friendly characteristics.

Despite the emergence of digitization, global TCD alcohol DM market will have an upper hand owing to the exceptional characteristics of UV inkjet inks. The wide usage of UV cure coatings in the telecommunication and automotive sectors and the growing applications of UV cure adhesives for the global flexible packaging industry will remain a reliable outlet for TCD alcohol DM market.

Despite the complex manufacturing technology, product exclusiveness, TCD alcohol DM market will always witness a competitive edge over the other counterparts, subject to its unique characteristics. Lucrative application scope of UV cure adhesives in flexible packaging is expected to remain a dependable outlet for the market growth in future.

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About Author

Ravi Chawat

Ravi Chawat

Ravi Chawat holds a bachelor's degree in Electronics and Telecommunication Engineering. He has worked closely with industry specialists from different segments including chemicals, food and beverages, construction and manufacturing & energy and power. Ravi's article concentrates principally on balancing relevant data but never at the expense of making the content engaging. He believes in giving fair-minded information to guide significant business choices. [email protected] | https://twitter.com/RaviChawat

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