USD 9.09 billion
TCD Alcohol DM Market Size, Share, Growth Analysis, By Application(UV cure coatings, UV inkjet inks and Others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15E2391 |
Region:
Global |
Published Date: March, 2024
Pages:
184
|Tables:
35
|Figures:
74
TCD Alcohol DM Market Insights
Global TCD Alcohol DM Market size was valued at USD 9.09 billion in 2022 and is poised to grow from USD 9.88 billion in 2023 to USD 19.26 billion by 2031, at a CAGR of 8.70% during the forecast period (2024-2031).
The global TCD Alcohol DM (Tricyclodecane Alcohol Dimethanol) market is witnessing substantial growth propelled by its versatile applications across various industries.
The market growth is attributed to factors such as the increasing demand for environmentally friendly solvents, as TCD Alcohol DM exhibits low toxicity and negligible volatile organic compound (VOC) emissions.
Additionally, the expanding construction and automotive sectors, coupled with the rising demand for high-quality paints and coatings, are driving the consumption of TCD Alcohol DM in various formulations. Moreover, the shift towards more sustainable manufacturing practices aligns with TCD Alcohol DM's attributes, further contributing to its adoption.
However, challenges such as the availability of alternative solvents and fluctuations in raw material prices could impact market growth. As industries increasingly focus on adopting greener alternatives, TCD Alcohol DM's position as an eco-friendly solvent remains a key selling point.
The market's landscape is marked by efforts to develop novel applications and formulations, alongside collaborations between manufacturers and end-users to cater to evolving needs.
As industries continue to emphasize performance, sustainability, and regulatory compliance, the TCD alcohol DM market is anticipated to thrive, providing a crucial link in the quest for effective and environmentally conscious solvent solutions.
TCD Alcohol DM Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
UV cure coatings
Fastest Growth
UV inkjet inks
Growth Rate
8.70% CAGR
Global TCD Alcohol DM Market ($ Bn)
Country Share for North America Region (%)
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TCD Alcohol DM Market Segmental Analysis
The global TCD alcohol DM market is segmented on the basis of application, and region. By application, the market is segmented into UV cure coatings, UV inkjet inks and Others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
TCD Alcohol DM Market Analysis By Application
Among the diverse applications within the UV-curable products market, the UV cure coatings segment stands as the largest and most commanding player, exhibiting both substantial market share and undeniable growth potential. With an impressive market share of over 50%, UV cure coatings have solidified their position as an essential component across various industries. The appeal lies in their rapid curing process, which significantly enhances productivity by reducing drying times compared to traditional methods. Furthermore, the remarkable environmental benefits cannot be overlooked, as UV cure coatings emit fewer volatile organic compounds (VOCs), aligning with the global shift towards eco-friendly practices.
However, the true beacon of growth within this market landscape is the UV inkjet inks segment, poised as the fastest-growing contender. Boasting a staggering year-on-year growth rate of 15-20%, UV inkjet inks have captured the imagination of industries reliant on high-resolution and versatile printing solutions. This segment's growth is driven by its ability to seamlessly adapt to an array of substrates, from paper to plastic, and its capacity to produce vibrant, long-lasting prints with minimal drying time. As consumer demands for customization and intricate designs surge, UV inkjet inks provide an innovative and efficient answer to these evolving needs, cementing their position as the rising star in the UV-curable products market.
Global TCD Alcohol DM Market By Application
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TCD Alcohol DM Market Regional Insights
Within the dynamic tapestry of regional markets, North America emerges as the dominant force in the realm of UV-curable products, wielding both influence and economic prowess. With a market share exceeding 40%, North America's stronghold can be attributed to its well-established industries, technological advancements, and a penchant for innovation. The region's inclination towards adopting cutting-edge solutions and its robust infrastructure have created a fertile ground for UV-curable products to thrive.
Meanwhile, the Asia-Pacific region emerges as the fastest-growing gem in this landscape, with a remarkable annual growth rate of 18-25%. Fueled by burgeoning economies, a burgeoning middle class, and the rapid expansion of industries, Asia-Pacific's ascendancy is undeniable. Countries within this region are witnessing unprecedented growth in manufacturing, packaging, and consumer goods sectors, all of which are significant consumers of UV-curable products. This dynamic growth narrative is further augmented by the region's increasing emphasis on sustainability, aligning perfectly with the environmentally friendly attributes of UV-curable solutions. As Asia-Pacific evolves into a global economic powerhouse, its embrace of UV-curable products showcases a harmonious fusion of innovation, necessity, and responsible progress.
Global TCD Alcohol DM Market By Region
- Largest
- Fastest
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TCD Alcohol DM Market Dynamics
TCD Alcohol DM Market Drivers
Stringent Environmental Regulations
- The ever-tightening environmental regulations and growing awareness about eco-friendly practices are driving the adoption of UV-curable products. These products emit fewer volatile organic compounds (VOCs) and have lower hazardous air pollutants, aligning perfectly with the global push for sustainable manufacturing processes. As industries seek to reduce their environmental footprint, UV-curable products offer a compelling solution that not only enhances operational efficiency but also demonstrates corporate responsibility.
Rising Demand for High-Quality Printing and Coating Solutions
- In a visually-driven world, there is an escalating demand for impeccable print quality and durable coatings across various sectors such as packaging, automotive, electronics, and healthcare. UV-curable products excel in delivering vibrant colors, intricate details, and a glossy finish that instantly captures attention. As consumer expectations continue to evolve, industries are turning to UV-curable solutions to meet the demand for striking visual appeal and superior performance.
TCD Alcohol DM Market Restraints
Initial Investment Costs
- The adoption of UV-curable technology often requires a significant upfront investment in equipment and infrastructure. UV curing systems, lamps, and printers can be more expensive compared to traditional counterparts. This cost barrier can deter some businesses, especially smaller enterprises, from transitioning to UV-curable products. However, it's important to note that while the initial investment might be higher, the long-term operational savings and benefits often outweigh these costs.
Limited Compatibility with Certain Substrates
- While UV-curable products demonstrate exceptional performance on a wide range of substrates, there are still limitations in terms of compatibility with certain materials. UV curing relies on photochemical reactions, which might not work well with heat-sensitive materials like certain plastics or fabrics. This constraint can restrict the applicability of UV-curable products in specific industries or applications, prompting manufacturers to explore alternative solutions for these materials or substrates.
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TCD Alcohol DM Market Competitive Landscape
The competitive landscape of the UV-curable products market is a dynamic arena characterized by innovation, strategic collaborations, and a relentless pursuit of excellence. Key players within this realm are engaged in a constant endeavor to outshine each other by introducing cutting-edge formulations and technologies that redefine industry benchmarks. Market leaders often leverage their extensive research and development capabilities to create novel UV-curable solutions that cater to evolving customer needs, ranging from high-performance coatings to precision inkjet inks. Collaborations and partnerships with equipment manufacturers and end-users are prevalent strategies, ensuring seamless integration of UV-curable products into various industries.
TCD Alcohol DM Market Top Player’s Company Profiles
- DIC Corporation - Japan
- Allnex Belgium SA/NV - Belgium
- Royal DSM NV - Netherlands
- Jiangsu Litian Technology Co., Ltd. - China
- Toyo Ink SC Holdings Co., Ltd. - Japan
- Nippon Gohsei - Japan
- Miwon Specialty Chemical Co., Ltd. - South Korea
- Covestro AG - Germany
- Sartomer (a division of Arkema) - United States
- Lambson Limited - United Kingdom
- IGM Resins B.V. - Netherlands
- Eternal Materials Co., Ltd. - Taiwan
- Bomar Specialties, Inc. - United States
- Qualipoly Chemical Corporation - Taiwan
- Deuchem Co., Ltd. - Taiwan
- Double Bond Chemical Ind. Co., Ltd. - Taiwan
- Central Glass Co., Ltd. - Japan
TCD Alcohol DM Market Recent Developments
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In September 2023, in response to growing market preferences for environmentally friendly alternatives, the global chemical company OQ Chemicals announced that it is ready to supply Oxbalance TCD Alcohol DM (tricyclodecane dimethanol). This product is manufactured using the bio-circular precursor DCPD (dicyclopentadiene) from Shell Chemicals Europe, which is also ISCC Plus certified. The strategic collaboration between the two companies will ensure a reliable supply of bio-circular DCPD to support OQ Chemicals’ production.
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In June 2023, OQ Chemicals launched Oxbalance TCD Alcohol DM, a sustainable alternative to conventional TCD Alcohol DM (Tricyclodecane Dimethanol). The ISCC PLUS-certified product is made from more than 70% biobased and biocircular feedstocks. OQ Chemicals recently increased its production capacity for TCD Alcohol DM in 2022 and is now expanding the application range for this product with the biobased variant.
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In September 2022, OQ Chemicals introduced Neopentyl Glycol Diheptanoate for the cosmetics and personal care industry. The light ester-based Neopentyl Glycol Diheptanoate is a suitable alternative to the critically viewed cyclic silicone compounds such as cyclosiloxanes (D4-D6), also known as cyclomethicones. Due to its special properties, cosmetics manufacturers like to use Neopentyl Glycol Diheptanoate for color cosmetics, skin care, hair care, sun care, and antiperspirant formulations.
TCD Alcohol DM Key Market Trends
- Sustainability and Eco-Friendly Solutions: The global emphasis on sustainability and environmental responsibility has spurred a notable trend towards eco-friendly UV-curable products. Manufacturers and consumers alike are increasingly conscious of the environmental impact of their choices. UV-curable products, with their low emission of volatile organic compounds (VOCs) and reduced energy consumption due to faster curing times, align well with this trend. Industry leaders are investing in research and development to create UV-curable formulations that are not only high-performing but also environmentally friendly. As regulations tighten and consumers prioritize eco-conscious products, UV-curable products that offer both exceptional performance and reduced environmental footprint are positioned for significant growth.
- Customization and Personalization: In an era of individuality, customization and personalization have emerged as significant trends in the UV-curable products market. Consumers across various industries, from packaging to consumer electronics, seek products that reflect their unique preferences. UV-curable technologies enable the printing of intricate designs, vibrant colors, and even variable data with high precision and speed. This trend is particularly evident in sectors like packaging, where brands are utilizing UV-curable inks and coatings to create visually striking and personalized packaging designs that captivate consumers and enhance brand loyalty. As the demand for tailored products and experiences continues to grow, UV-curable products are poised to play a pivotal role in delivering on this trend.
TCD Alcohol DM Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis, The global TCD Alcohol DM (Tricyclodecane Alcohol Dimethanol) market presents a compelling analysis marked by a blend of growth drivers and strategic shifts. With increasing demand for eco-friendly and high-performance chemicals, TCD Alcohol DM has gained prominence as a key ingredient in various applications. This compound's remarkable attributes, including its low volatility, excellent solvent properties, and compatibility with multiple resins, render it a favored choice in industries such as coatings, adhesives, and textiles. As sustainability takes center stage, TCD Alcohol DM aligns well with the growing trend toward low-VOC and environmentally friendly formulations, further boosting its adoption. The market's growth is additionally propelled by advancements in production technologies, allowing for more efficient and cost-effective manufacturing processes. Key market players are actively expanding their production capacities and diversifying their product portfolios to cater to evolving industry needs. North America and Europe currently lead in consumption, attributed to their well-established chemical sectors and stringent environmental regulations. However, the Asia-Pacific region emerges as a burgeoning contender, displaying a rapid growth trajectory driven by expanding manufacturing activities and increasing disposable incomes. While opportunities abound, challenges such as the availability of raw materials and fluctuating prices could influence market dynamics. Overall, the global TCD alcohol DM market is poised for steady growth, with innovation, sustainability, and adaptability serving as pivotal factors shaping its evolution in the foreseeable future.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 9.09 billion |
| Market size value in 2031 | USD 19.26 billion |
| Growth Rate | 8.70% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on TCD Alcohol DM Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on TCD Alcohol DM Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the TCD Alcohol DM Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the TCD Alcohol DM Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the TCD Alcohol DM Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the TCD Alcohol DM Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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