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APAC TCD Alcohol DM Market Size 2019: Regional Demand, Global Competitive Industry Share, Revenue Statistics | Forecast Report 2024

Author : Ronak Bora | Published Date : 2019-08-06 

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.

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.

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TCD alcohol DM market will also be augmented by the growing demand for UV cured adhesives in flexible packaging industry. The product is widely used in synthesis of UV cured adhesives. Growing popularity of e-commerce along with developments in the logistics sector will contribute to the flexible packaging industry which in 2015 generated a revenue exceeding USD 80 billion. This industry is anticipated to grow by a CAGR above 4% and will likely be valued over USD 110 billion in 2024 and this growth will propel the global TCD alcohol DM market during the forecast timeframe. The technology applied in the products manufacturing is patented by Oxea GmbH and any new market participants will have to buy the technology from this company. This will restrict the entry of new players and may hinder the global TCD alcohol DM market until the patent expires.

Of late, the extensive research undergoing in optoelectronics is likely to offer new opportunities for the market in the coming years. Subject to the product’s increasing proliferation in synthesizing methacrylate monomers that are widely used in the manufacturing of optical fibers, LCDs, and photoresists, TCD alcohol DM market demand is expected to surge. With the increasing technological integration, it is no more a supposition that optoelectronic devices will soon outpace conventional electronic devices, which in a way is indicating a positive impact on TCD alcohol DM market dynamics as well.

Taking into consideration the application domain, UV cured coatings held a major share of the global industry in 2015, accounting for more than 40% of the overall volume. Growing demand for ingenious electronic gadgets and automobiles and a notable increase in the technically aware population is catapulting the market demand from this application.

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.

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 Growing demand for UV cured inks Increasing use of UV cured adhesives in packaging industry

3.4.2.    Industry pitfalls & challenges 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

Chapter 4.    TCD Alcohol DM Industry Application Insights

4.1.    Global TCD alcohol DM market share by application, 2015 & 2024

4.2.    UV cured coatings

4.2.1.    Market estimates and forecast, 2013 - 2024

4.2.2.    Market estimates and forecast, by region, 2013 – 2024

4.3.    UV inkjet inks

4.3.1.    Market estimates and forecast, 2013 - 2024

4.3.2.    Market estimates and forecast, by region, 2013 - 2024

4.5.    Others

4.5.1.    Market estimates and forecast, 2013 - 2024

4.5.2.    Market estimates and forecast, by region, 2013 – 2024

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

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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