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.
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The widening application landscape of TCD alcohol DM market is shedding a positive light on its lucrative growth prospects in near future. Heavy demand for UV cured coatings across a variety of utility sectors including automobiles, telecommunications, electric gadgets, and graphic arts has substantially fueled the industry trends. The world is witnessing a shifting trend toward flexible packaging, which is likely to leave a parallel impact on the market dynamics.
Oxea Corporation remains the sole owner of the patent for this product and consequently, the only producer. The company has monopolized the market, having acquired patents from various patent offices. New companies wanting to foray into TCD alcohol DM industry will initially require to purchase the patent from Oxea. Despite the emergence of digitization, global TCD alcohol DM market will have an upper hand owing to the exceptional characteristics of UV inkjet inks.
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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Asia Pacific TCD Alcohol DM market is predicted to be the most promising region over the coming seven years, owing to increasing awareness about the technological advancements in countries such as Japan, South Korea, India, and China. A growing juvenile population of over 600 million in India and China will require improved education facilities, driving the demand for UV inkjet inks.
Europe TCD alcohol DM market is anticipated to grow at a CAGR of over 6.5% over 2016-2024. The relatively slower growth rate can be attributed to the nature of the industry, though it is expected to rise in the next few years, driven by the high living standards of this region and a subsequent demand for optoelectronics.
Major Point From Table Of Content:
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
4.5.1. Market estimates and forecast, 2013 – 2024
4.5.2. Market estimates and forecast, by region, 2013 – 2024
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