Growing application of dimethacrylates in inks, adhesive, and electronics is driving the market growth. High demand of UV adhesive in flexible packaging owing to better adhesion and non-yellowing property has driven the market demand. Moreover, booming e-commerce and logistic sector are directly impacting the TCD alcohol DM market growth positively. Also, increasing demand of UV ink from end-use industries is pushing the market growth uphill. Furthermore, use of TCD Alcohol DM in manufacturing tough surface coating is boosting the market growth.
As per the latest report added by Value Market Research As per this study, the Global Tricyclodecane Alcohol Dimethanol (TCD alcohol DM) market was valued USD 13.2 MN (by revenue) in 2017 and is anticipated to reach USD 23.4 MN by 2024 with a CAGR of 8.5%.
UV CURE COATINGS EMERGED AS THE LEADING APPLICATION
In, 2017 UV cure coatings dominated the application segment and are presumed to reach USD XX.X million by end of the year 2024. High demand of advanced, innovative and portable gadgets coupled with increasing digital savvy population is majorly driving the segment growth.
ASIA PACIFIC LED THE REGIONAL MARKET
Geographically, Asia Pacific dominated the market owing to rising digital savvy population and growing electronics industry especially in China, South Korea, and India is driving market growth. High number of teenagers and juvenile population leads to increasing use of UV inks is further fueling the regional market growth.
KEY PLAYER OF THE MARKET
Oxea GmbH solely rules the TCD Alcohol DM market.
As per this study, the Global Tricyclodecane Alcohol Dimethanol (TCD alcohol DM) market was valued USD 18.77 MN (by revenue) in 2022 and is anticipated to reach USD 38.8 MN by 2030 with a CAGR of 9.5%. By volume, the market was estimated at XX Tons in 2022 and is expected to reach XX Tons by 2030 with a CAGR of XX%.
Tricyclodecane alcohol dimethanol (TCD Alcohol DM) is a polyhydric alcohol with two hydroxyl groups and belongs to the group of diols. It is manufactured through hydro-formulation of dicyclopentadiene (DCPD) and subsequent hydration of its dialdehydes. It acts as a starting material for various formulations. TCD Alcohol DM provides excellent hardness, transparency, and elasticity to the final product. It is mostly used in the preparation of high performance hard surface coatings such as protective coatings in touch panels. It is used in UV coatings, UV inkjet inks, photoresists, and UV adhesives. TCD Alcohol DM is used in downstream production processes such as UV cure coatings, UV inkjet inks, and UV adhesives.
Market Dynamics
The increasing demand for UV cured adhesives in flexible packaging is estimated to fuel the TCD Alcohol DM market growth over the forecast period. Additionally, rising demand for UV cured inks is driving the market growth. However, patent-protected technology is a major restraint for the global TCD Alcohol DM market. Furthermore, the growing research and development in the optoelectronics industry are likely to create a new opportunity for TCD Alcohol DM market.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of tricyclodecane alcohol dimethanol (TCD alcohol DM).
Market Segmentation
The broad tricyclodecane alcohol dimethanol (TCD alcohol DM) market has been sub-grouped into application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Application
- UV Cure Coatings
- UV Inkjet Inks
- Others
Regional Analysis
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for tricyclodecane alcohol dimethanol (TCD alcohol DM) in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Tricyclodecane Alcohol Dimethanol (TCD Alcohol DM) Market Share by Region (Representative Graph)​
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the tricyclodecane alcohol dimethanol (TCD alcohol DM) market includes Oxea GmbH. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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