TCD Alcohol DM Market Growth, by Application: Global Opportunity Analysis, Trends and Industry Forecast, 2020 – 2026

TCD Alcohol DM Market Growth, by Application: Global Opportunity Analysis, Trends and Industry Forecast, 2020 – 2026

Strong demand in flexible packaging business

Proliferation of the retail sector and shifting preference of consumers towards online shopping have increased the need for packaging products. Today, nearly everyone in the world depends on fast-moving consumer goods (FMCG) and products. As a result, flexible packaging materials and products have gained significant prominence in FMCG and pharmaceutical applications.

Strong and durable UV cured adhesives play an important role in the flexible packaging industry, which was estimated to be worth US$80 billion in 2015. TCD alcohol DM is widely used in the synthesis of these adhesives, which help reduce the inhibit the growth of microbes and reduce the risk of cross contamination.

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TCD alcohol DM is a specialty raw material for a wide range of polymers including polyesters, polyols, polyurethane, and acrylates. These polymers are extensively used in the production of inks, paints, coatings, lacquers, and resins. UV cured inks and coatings, an industry which is slated to grow around 10% in the near future, represents a crucial area of application for the compound.

The industry has gained significant traction over the past few years mainly on account of high-quality and low VOC emissions and the popularity of VOC cured inks and coatings isn’t going to change anytime soon. Reports estimate that global TCD alcohol DM market size will be worth more than US$20 million by 2024. Depleting petroleum resources worldwide and the subsequently rising environmental concerns are anticipated to boost the consumption of TCD alcohol DM.

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Widespread use in UV cure coatings and UV inkjet inks

UV cure coatings and UV inkjet inks are two of the most important applications of TCD alcohol DM. In today’s highly technology-driven world, portable electronic gadgets and devices taken center stage in people’s daily lives. UV cure coatings find extensive application in various electronics components and circuitries. In 2015, UV cure coatings application segment held 40% revenue share and will grow at a CAGR of over 7% through 2024, with growing popularity innovative and sophisticated electronics products.

Meanwhile, a mature printing industry and the need for high-quality digital printing equipment has propelled the need for UV inkjet inks. The application segment was valued at around US$5 million in 2015 and is poised to witness notable growth in the future. This can be associated with growing preference for UV inkjet inks over petrochemical inks due to superior properties.

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