TCD Alcohol DM Market Size

TCD Alcohol DM Market Size

TCD Alcohol DM Market size was valued at USD 24.24 million in 2019 and is estimated to exhibit 7.2% CAGR from 2020 to 2026. The increasing use of the TCD alcohol in automotive applications such as touchscreen displays, UV car coatings, and the use as UV adhesives in automobiles for fitting door handles, hinges, edging extrusions, and various fixtures & fittings to glass panels will drive the industry expansion.

The usage of TCD alcohol DM by the printing companies has actively increased as it provides a steady printing process. This results in significant reduction in machine halting time and scrap rate. It also increases the printer productivity since machines can print at a higher rate while ensuring the same high quality. Furthermore, it lowers energy consumption and results in lower amounts of solvents to be recycled by machines, thereby fueling TCD alcohol DM market growth.

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The increasing usage of flexible packaging in the food packaging will enhance the industry size. The growing logistics and the evolving e-commerce industry across the globe are likely to have positive impacts on flexible packaging demand in the coming years. Rising product applications in the production of UV-cured adhesives that is used in flexible packaging will drive TCD alcohol DM market share.

UV cured adhesives are acrylate-based, that are produced using TCD alcohol DM. The UV cured adhesives require lower materials and has low VOC emission. It can easily be used at room temperature and possesses high bond strength. The growing adoption of high-performance UV cured adhesives in the packaging sector owing to their ability to create quick strong bonds with a wide range of materials such as rubber, plastic, glass, ceramic, and metal is one of the prime factors driving TCD alcohol DM market growth.