Rising demand for flexography will boost the demand for TCD Alcohol DM in the coming years. Integral properties of TCH alcohol DM such as a relatively slower rate of evaporation as compared to the conventional solvents will lead to the reduction in the carbon emission levels, reducing the VOC concentration in printing.
The use of TCD alcohol DM by printing companies has considerably increased since it offers a steady printing system. This helps in the reduction of machine halting time as well as the scarp rate. It also enhances the printer productivity since the machines will be able to print at a higher rate along with ensuring superior quality.
Moreover, it also reduces the total energy consumption and leads to a lower amount of solvents that are required to be recycled by the machines. Global TCD alcohol DM market size is anticipated to hit USD 35 million by 2026.
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Latin America emerge as a promising revenue pocket for TCD alcohol DM industry
Regionally speaking, Latin America TCD alcohol DM market has gained considerable recognition over the years due to the increase in investments by prominent packaging firms across the region. For example, in the year 2016, CCL Industries Inc. purchased a significant stake in Powerpress Rotulos & Etiquetas Adesivas LTDA, Brazil. The entity is a leading manufacturer for the agricultural, chemical, and pharmaceutical sectors. The regional growth is also supported by the improving economy along with the efforts undertaken by the government.
UV cured coatings solutions demand expanding TCD alcohol DM market growth
In terms of application, TCD Alcohol finds extensive use to offer UV-cured coatings in several sectors like electronics devices, graphic arts, and vehicles. The growing use of UV radiation proficiency cures the coatings like inks, adhesives, and paints within a shorter period of time. The UV-cured coatings surfaces come with superior resistance to abrasion and scratching as well as a longer shelf-life positively influencing its demand.
Demand for flexible packaging driving TCD alcohol DM market
The rise in disposable income among the people due to the improvement in employment levels globally has steered the demand for packaged food due to easy and wide availability and a wider product choice. The increasing logistics, as well as the developing e-commerce sector worldwide, is expected to support the demand for flexible packaging mechanisms. The increasing product use in the manufacturing of UV-cured adhesives that are used in flexible packaging mechanisms will foster the consumption of TCD alcohol DM.
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TCD alcohol DM market Key players
Leading companies in the industry include Prodasynth, Mil-Spec Industries Corporation., Aotecar New Energy Technology Co., Ltd., Synchem Ernesto Ventós, and LLUCH ESSENCE, to name a few. The global TCD alcohol industry is bestowed a limited number of companies that are actively working towards enhancing the offerings to meet the growing needs of various sectors of the economy.
Oxea- a chemical company that carries the patent to manufacture TCD alcohol DM from hydrogenating the hydroformylation products of dicyclopentadiene. These patents from Celanese are included in Oxea since it was formed by the partnership of the oxo business arms of Celanese and European oxo in March 2007. Drachenfelssee 521 Vv was later renamed to Oxea Deutschland GmbH, hence gaining the patent. This exclusivity gives Oxea a huge advantage when compared to other producers as they will have to buy intellectual property rights to produce the chemical.
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