TCD Alcohol DM Market - Forecast(2023 - 2028)

TCD Alcohol DM Market Overviews

TCD alcohol DM market size is estimated to be US$ 32.16 million in 2027 and is forecasted to grow at a CAGR of 7.6% during 2022-2027. Increased application of TCD alcohol DM in the automotive industry for touch screen displays, UV adhesives for door handles, hinges, edging extrusions, and various fittings & fixtures will enhance industry growth. TCD alcohol DM, also called as Tricyclodecane alcohol dimethanol, is a colorless, viscous chemical with a specific odor. TCD alcohol DM is used to get elasticity & transparency to the product and finds application in creating strong quality surface coatings. TCD alcohol DM is also used in Dimethacrylates the manufacture, which is widely applied in many UV treatments such as UV curing adhesives, electronics, UV curing inks, and others.

COVID-19 Impact

Report Coverage

The report: “TCD Alcohol DM Market Report– Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the TCD alcohol DM industry.

By Purity: Less than 50% purity, 50%-75% purity, 75%-90% purity, 90-95% purity, More than 95% purity.

By End-use Industry: Automotive (Touch screen display coating, UV car coatings, Edging extrusions, Hinges, Fitting Door Handles, Others), Packaging Industry [Flexible Packaging (Paperboard Packaging, Plastic Packaging, Polyethylene, Polypropylene, Polyethylene, Terephthalate, Aluminum Foil, Others), Rigid Packaging (Plastic Packaging, Metal Packaging, Paper & Paperboard Packaging, Glass Packaging, Others)], Electrical & Electronics, Printing Industry, Others.

By Application: Ultraviolet Cure Coatings, Ultraviolet Inkjet Inks, Ultraviolet Adhesives, Opto-Electronics, Others.

By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Rest of the World (Middle East, and Africa).

Key Takeaways

• The global TCD alcohol DM market has great growth potential. A major factor in its market growth is the increased application of TCD alcohol DM in the packaging industry.
• The effect of COVID-19 on the end-user industries has affected the TCD alcohol DM market negatively. Also, increased concerns for the environment coupled with stringent government regulations have hurdled the market in the foreseen period.
  
• The global TCD alcohol DM market is highly consolidated in nature with few numbers’ players contributing around 90% of market revenue. Local players have undergone several key strategies such as product innovation, launch, mergers, acquisitions, partnerships to capture the better market and capture better is expected to propel the market and pose several opportunities in TCD alcohol DM market.

  Figure: Asia Pacific TCD Alcohol DM Market Revenue, 2021-2027 (US$ Million)

  
  

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TCDAlcohol DM Market Segment Analysis – By End-user Industry

TCD Alcohol DM Market Segment Analysis – By Application

TCD Alcohol DM Market Segment Analysis – By Geography

TCD Alcohol DM Market – Drivers

The increased need for TCD alcohol DM in the manufacturing sector

TCD alcohol DM provides enhanced flexibility in end products. It provides significant transparency in products and therefore, is used in the production of high-performance products in the manufacturing industry. Ideally, extensive research and development in the optoelectronics sector that demands specific TCD alcohol DM products are projected to be a positive trend in the market by creating growth opportunities in the coming years. The growing number of manufacturing plants across the globe has consumed TCD alcohol DM products over the years. For an instance, in 2000, the number of automobile manufacturing plants were just 500 globally. In 2020, the total number of automotive plants is estimated to be approximately 10,000. The increased number of manufacturing plants especially in automotive, electricals, and others has a significant impact on the global TCD alcohol DM market. The demand for TCD alcohol DM in the manufacturing sector especially in automotive and electronics has a significant influence on the market drive.

Expanding Flexible Packaging Industry

The great demand for flexible packaging, tin containers, commercial printing, and printing coupled with expanding flexible packaging industry is expected to support the market growth. According to Statista, the total production volume of flexible packaging worldwide in 2017 was estimated to be 27.4 million metric tons which are expected to reach around 33.5 million metric tons in 2022. The increased volume of flexible packaging depicts the consumption of TCD alcohol DM products. Also, the global demand for TCD alcohol DM will be driven by the growing use of UV adhesives in the flexible packaging industry and the growing popularity of environmentally friendly UV-treated ink over petrochemical-based products. A thriving market for labelled packaging due to increased investment in branding and marketing will provide significant growth in the global use of UV curing ink over the next few years, which will follow the TCD alcohol DM market growth. Therefore, the growing demand for flexible packaging due to the growing transportation and e-commerce industries will also provide significant impetus to TCD alcohol consumption globally.

TCD Alcohol DM Market – Challenges

Stringent Government Regulations

The TCD alcohol DM is one of the harmful chemicals that cause various ill effects both to humans and environments. Inhalation of chemicals causes severe lung irritation in humans. This has a negative impact on the availability of employees to manufacture the product. Also, exposure to the chemical causes eye itching, skin allergies, and consumption can be fatal in most cases. Therefore, stringent government policies have been implemented to regulate the proper manufacture and use of products at both manufacturer and consumer sides. For an instance, Regulation 1272/2008/EC and Classification, Labeling, and Packing (CLP) and its amendments in Europe incorporates the terms of separation and labelling rules agreed upon at the UN level, called Global Chemical Separation and Labeling Program (GHS) has introduced new classification methods, safety statements for the label while considering aspects that were part of previous EU legislation. A regulation made manufacturers to properly label the packages before releasing them to the market. It aims to protect employees, consumers and the environment by writing a label that indicates the potential dangers of a particular chemical. Manufacturers find challenging to adhere to the stringent regulations resulting in a low threat of new entrants ultimately leading to a market pitfall. However, TCD alcohol DM manufacturers adhere to strict environmental laws and have a competitive advantage over their substitutes due to the lack of VOCs in their products, making them environmentally friendly.

TCD Alcohol DM Market Industry Outlook

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the TCD alcohol DM market. TCD alcohol DM top 10 companies include:

1. Ernesto Ventós S.A
2. Indukern F&F
3. Lluch Essence
4. Mil-Spec Industries Corporation
5. Moellhausen S.P.A.
6. OQ Chemicals.
7. Oxea Corporation
8. Soditas
9. Synchem, Inc.
10. Tokyo Chemical Industry Co., Ltd

Recent Developments

• In February 2022, OQ Chemicals has inaugurated its new production plant for TCD Alcohol DM at Oberhausen of Germany. This is expected to widen the product portfolio for the TCD alcohol DM segment.
• In February 2022- Röhm and OQ partnered and inaugurated its new production factory for methyl methacrylate (MMA) in the United States. The plant has a production potential of 250,000 tons of product per year.
  
• In January 2021, OQ Chemicals has expanded 30% to its total production facility for TCD alcohol DM products i.e., it’s one of the largest world-scale production plant in 2021 that is expected to pacify the expected global demand for the company products.
  

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