Lactone-modified alicyclic composition, and an epoxidized composition thereof

Abstract: It is claimed a lactone-modified alicyclic compound (I), or an epoxidized lactone-modified alicyclic compound (II) of the following formulae: wherein R is an alkyl group, an aromatic group or an alkenyl group having carbon number of from 1 to 30, Y¹ is at least one of the structural groups; , X is the structural group; , R a and R b each independently is hydrogen or a methyl group, c and c′ represent a number of from 4 to 8, from n1 to nL represents 0 or a number of more than 0, respectively, and n1+n2+n3+........+nL corresponds to the total mole numbers of a lactone introduced into one molecule. These compounds can be made into a heat-curable composition, a photo-curable composition, a polymerizable composition and another photo-curable composition.

Description: The present invention relates to a lactone-modified alicyclic composi tion, an epoxidized composition thereof and to processes for the prepara tion thereof, and , further relates to a heat-curable composition, a photo-curable composition, a photo-cationically polymerizable composition, etc. BACKGROUND OF THE INVENTION The following starting alicyclic compound (V) and the epoxidized compound thereof (VI); Y¹-CO-O-CH₂-Y¹ (V) Y²-CO-O-CH₂-Y² (VI) [in the formulae (V) and (VI), Y¹ represents at least one structural group selected from Y² represents at least one structural group selected from are well-known and have been used as additives for coatings , and as an insulating material or an encapsulating material in the electric fields after being cured with an acid anhydride. Moreover, though structurally further different, bis-(3-cyclohexenylmethyl) esters of dicarboxylic acid and their epoxides are disclosed by the document US-A-2 750 395 for use, inter alia, as surface coatings. However, the alicyclic epoxy resin (VI) has a poor flexibility for coatings. Furthermore, the epoxy resin has the disadvantage of having a low cur ing density, resulting in weakness of the coating layers and further causes a problem in the finished-up state at the surface of the coatings. further Still, there has been a limit in a curing velocity when an acid anhydride is used as a curing agent. As a result of an intensive investigation, the present inventors have now found that it is possible to solve these problems, by using the present epoxy composition and to improve the reactivity and strength in a coating composition or a cured article in which the present epoxy composi tion is used. SUMMARY OF THE INVENTION The present invention is the result of an intensive research in order to develop an excellent component for a coating composition or a cured article, a heat-curable or photo-curable composition, a photo-cationically polymerizable composition, etc. This primary object of the present invention is to solve the problems in the conventional compositions for coating or cured articles, particul arly those having poor reactivity and toughness, or a poor finished state of the surface of the coating layers formed therefrom. The present composition has excellent properties enabling it to be used as a resin component, particularly as an epoxy resin component for coating materials, such as a composition for an electro-deposition coating, a powder composition for coating and a baking composition for coatings having high solid contents. Furthermore, the present composition can be used as a composition capable of being cured at low temperature conditions by addition of a composition composed of a polysiloxane type macromonomer and an organic aluminum or a chelate compound of an organic zirconium compound and, after being used for coating, gives an excellent outer appearance and an excellent ductility of the coating layers. further Still, the present compositions can be used as varnish material for insulating, an LED material or a semiconductor material for encapsulating, etc., in electric material fields. In addition, the present compositions can be used as a component for a curable composition or a photo-polymerizable composition with a curing agent or a photo-sensitizer, respectively. BRIEF DESCRIPTION OF THE DRAWING Figure 1 is a ¹H-NMR (Nuclear Magnetic Resonance) chart and Figure 2 is an IR (Infra-Red) spectrum chart, relating to a composition obtained in Synthesis Example 3, respectively. Figure 3 is a ¹H-NMR chart, Figure 4 is an IR spectrum chart and Figure 5 is a GPC(Gel Permeation Chromatography) chart relating to a composition obtained in Example 1, respectively. Figure 6 is a ¹H-NMR chart, Figure 7 is an IR spectrum chart and Figure 8 is a GPC chart relating to a composition obtained in Example 2, respectively. Figure 9 is a GPC chart relating to a composition obtained in Example 3. Figure 10 is a ¹H-NMR chart, Figure 11 is an IR spectrum chart and Figure 12 is a GPC chart relating to a composition obtained in Example 4, respectively. Figure 13 is a ¹H-NMR chart, Figure 14 is an IR spectrum chart and Figure 15 is a GPC chart relating to a composition obtained in Example 5, respectively. Figure 16 is a ¹H-NMR chart, Figure 17 is an IR spectrum chart and Figure 18 is a GPC chart relating to a composition obtained in Example 10, respectively. Figure 19 is a ¹H-NMR chart, Figure 20 is an IR spectrum chart and Figure 21 is a GPC chart relating to a composition obtained in Example 11, respectively. Figure 22 is a ¹H-NMR chart, Figure 23 is an IR spectrum chart and Figure 24 is a GPC chart relating to a composition obtained in Example 12, respectively. Figure 25 is a ¹H-NMR chart, Figure 26 is an IR spectrum chart and Figure 27 is a GPC chart relating to a composition obtained in Example 13, respectively. DETAILED DESCRIPTION OF THE INVENTION The present invention will be described hereinafter in more detail. A first aspect of the present invention relates to a lactone-modified alicyclic compound represented by formula (I) described hereinafter. A second aspect of the present invention, relates to an epoxidized lactone-modified alicyclic compound represented by formula (II) described hereinafter. In the formulae (I) and (II), R represents an alkyl group, an aromatic group or an alkenyl group having carbon number ranging from 1 to 30, which may be an aliphatic or an alicyclic group containing or not a double bond and/or an aromatic group. More specifically, R is a residue group derived from a multi-functional carboxylic acid or an anhydride thereof. Specific multi-functional carboxylic acid or anhydride thereof include; [wherein, Z represents a structural group of -COOCH₂CH₂OCO-] [wherein, Z¹ represents a structural group of A represents the following structural group; In the formulae (I), Y¹ represents at least one of the following structural groups; derives from 1,2,5,6-tetrahydrobenzyl-1,2,5,6-tetrahydrobenzoate, derives from 1-methyl-1,2,5,6-tetrahydrobenzyl-1-methyl-1,2,5,6-tetrahydrobenzoate, and or derives from 6-methyl-1,2,5,6-tetrahydrobenzyl-6-methyl-1,2,5,6-tetrahydrobenzoate, respectively. 1,2,5,6-tetrahydrobenzyl-1,2,5,6-tetrahydrobenzoate, 1-methyl-1,2,5,6-tetrahydrobenzyl-1-methyl-1,2,5,6-tetrahydrobenzoate and 6-methyl-1,2,5,6-tetrahydrobenzyl-6-methyl-1,2,5,6-tetrahydrobenzoate, can be prepared by an esterification reaction according to so-called Tischenko reaction of tetrahydrobenzaldehyde, 1-methyl-1,2,5,6-tetrahydrobenzaldehyde and 6-methyl-1,2,5,6-tetrahydrobenzaldehyde, respectively, on a commercial basis. Tetrahydrobenzaldehyde, 1-methyl-1,2,5,6-tetrahydrobenzaldehyde and 6-methyl-1,2,5,6-tetrahydrobenzaldehyde can be prepared by Diels-Alder reaction of butadiene with acrolein, methacrolein and crotonaldehyde on a commercial basis, respectively. In the formula (II), Y² represents at least one of the following structural groups; The Y² derives from Y¹ by epoxidation reaction of its double bond with an epoxidation agent such as a peroxide. In the formulae (I) and (II), X represents the following structural groups; [wherein, R a and R b independently each represents hydrogen or a methyl group, respectively, which depends upon the lactone compound used, c represents a natural number of 4 to 8, which depends upon a lactone compound used]. For example, in the case of epsilon-caprolactone being used as the starting lactone compound, both R a and R b represent hydrogen. Further, in the case of beta-methyl-delta-valerolactone being used as the starting lactone compound, R a and R b represent a methyl group or hydrogen, respectively. In addition, in the case when 3-methyl-caprolactone is used as a starting lactone compound, R a and R b represent a methyl group and hydrogen, respectively. That is, in the case of epsilon-caprolactone being used as a lactone compound, all of the units X in (I) and (II) are -O-(-CH₂-)₅-CO-, in the case of beta-methylgamma-valero-caprolactone being used as a lactone compound, all of the units X in (I) and (II) are in the case of 3,5,5-trimethylcaprolactone being used as a lactone compound, all of the units X in (I) and (II) are in the case of 3,3,5-trimethylcaprolactone being used as a lactone compound, all of the units X in (I) and (II) are The lactone compound can also be used as a mixture composed of at least two kinds of lactones. If the mixed lactones are used, the mixed lactone compounds are randomly introduced into the starting compounds. In the formulae (I) and (II), n1 to nL represent 0 or a natural number higher than 0, respectively, and n1+n2+n3+........+nL is 1 or a natural number higher than 1, which corresponds to the total mol numbers of lactone compound introduced into one molecule. If no lactone compound is introduced, the mol number n is 0, which corresponds to the starting material, when 5 mols of the lactone compound are introduced, the total mol number n1+n2+n3+.....+nL is inevitably 5 in the formulae (I) or (II). In the formulae (I) and (II), L represents 2 or a natural number higher than 2, which depends upon the above described multi-functional carboxylic acid or an anhydride thereof, corresponding to a functionality of the carboxylic acid or an anhydride thereof. For example, if tetrabutanecarboxylic acid is used as the starting multi-functional carboxylic acid, L is inevitably 4. Further, for example, in the case of tetrahydrophthalic acid or anhydride thereof being used as the starting multi-functional carboxylic acid, L is inevitably 2. c represents a natural number ranging from 1 to 7, depending on the starting lactone compound. For example, in the case of epsilon-caprolactone, beta-methyl-delta-valerolactone or cyclooctanone lactone being used as the starting material, c is 5, 4 or 7, respectively. It is noted that epsilon-caprolactone can be prepared by a Baeyer-Villiger reaction, in which cyclohexanone is oxidized by a peracid, etc., on a commercial basis. Furthermore, it is noted that trimethylcaprolactone can be prepared by a Baeyer-Villiger reaction, in which trimethylcyclohexanone is oxidized by a peracid, etc., on a commercial basis. It is further noted that trimethylcyclohexanone can be prepared by a hydrogenation reaction of isophorone, followed by a Baeyer-Villiger reaction with a peracid to obtain trimethylcaprolactone on a commercial basis. Beta-methylgamma-valerolactone can be manufactured from 2-hydroxy-4-methyltetrahydropyran as a starting material. Examples of the peracid may include, for example, an organic carboxylic peracid such as performic acid, peracetic acid, perpropionic acid, perbenzoic acid, m-chloroperbenzoic acid, etc., or peracetic acid produced by acetic acid and hydroperoxide or peracetic acid produced by acetic anhydride and sulfuric acid. According to other aspects of the present invention, there are provided processes for the preparation of the above compositions which comprise the compounds represented by formulae (I) and (II) described hereinabove. The above composition which comprises a compound represented by formula (I) can be prepared by an addition reaction of an alicyclic ester compound represented by formula (III) described hereinafter: with a lactone compound. The above ester compound represented by formula (III) can be prepared by an esterification reaction of a multifunctional carboxylic acid represented by general formula; or anhydride thereof, with Y¹-CH₂OH [wherein Y¹ is at least one structural group selected from the group of The molar ratio of the Y¹-CH₂OH to the multi-functional carboxylic acid or anhydride thereof is preferably higher than 1.0, since the reduction velocity of the acid value is higher with excess amount of Y¹-CH₂OH, provided that unnecessarily excess amount of the Y¹-CH₂OH should not be charged because of its need to be removed once the reaction is completed. The starting materials and, in the case of low temperature reaction, several ppm of a titanate catalyst are charged into a reaction vessel equipped with a nozzle for water distillation, etc. The use of the catalyst is not preferred because of the necessity to remove it. The esterification reaction can preferably be carried out at a temperature range of 150 to 250° C., from the point of view of a commercially available preparation. Where the temperature is lower than 150° C., the reaction velocity is too low. On the other hand, at the temperatures higher than 250° C., a considerable thermal decomposition may occur. In the case of an acid anhydride being used as an acid component of the starting materials, the reaction can be carried out even under relatively low temperatures. At the start of the reaction, the temperature in the reaction vessel is not raised too much because of the evaporation of water even with excess heating. The temperature increases as the evaporation of water decreases. The reaction progress can be monitored by a decrease in the acid value in the reaction vessel. The above composition which comprises the compound represented by formula (I) can be prepared by an addition reaction of the above described ester compound with a lactone compound. Reaction conditions for introducing lactones into the ester compound are described in detail hereinafter. 1 mol of the ester compound is allowed to react with a fixed amount of the above described various lactone compounds, specifically 1 to 20 mols, preferably 1 to 10 mols. If the molar ratio is more than 20, the resulting composition which comprises a compound represented by formula (I) cannot provide a resulting epoxy resin having sufficiently good properties, for example, the epoxy resin is too soft. The reaction for introducing lactone compounds into the ester compound can be carried out with catalyst such as titanate compounds. The amount of catalyst to be used is preferably between 0.1 ppm and 10,000 ppm, more preferably between 100 and 2,000 ppm based on the total amount of the starting materials. If the amount is less than 0.1 ppm, the reaction velocity is too low. On the other hand, even though the amount is more than 10,000 ppm, the reaction velocity is not much improved. The addition reaction of a lactone compound into the ester compound can also be carried out preferably at a temperature range of 150° to 250° C. If the temperature is lover than 150° C., the reaction velocity is too low. On the other hand, if the temperature is higher than 250° C., there may be a thermal decomposition and coloring of the lactone compound. The above composition which comprises the compound represented by formula (I) can also be prepared by a reaction of the above described multifunctional carboxylic acid or anhydride thereof with a lactone adduct of Y¹-CH₂OH, that is, Y¹-CH₂O-(-X-) n -H [wherein X and Y¹ are the same structural groups as described hereinabove, n has a distribution of 1 and natural numbers of more than 1]. In carrying out the reaction, Y¹-CH₂OH is preferably used together with the starting materials for the purpose of accelerating the acid value reduction. The residual Y¹-CH₂OH is preferably removed by distillation after completion of the reaction. Although other compounds having hydroxyl group can also be used instead of Y¹-CH₂OH, Y¹-CH₂OH is preferred because it has the same structural groups. The Y¹-CH₂O-(-X-) n -H can be prepared in a temperature range of 100° C. to 220° C., preferably 120° C. to 200° C., and in the presence of 0.1 ppm to 1,000 ppm of a catalyst such as tin compounds, titanate compounds and/or tungstic compounds. The molar ratio of the lactone compound with respect to Y¹-CH₂OH can be selected from a wide range. Furthermore, the above composition which comprises the compound represented by formula (I) can also be prepared by a reaction, in which a multifunctional carboxylic acid or anhydride thereof, Y¹-CH₂OH [wherein Y¹ is the same structural groups as described hereinabove] and a lactone compound are charged at the same time in the presence of a catalyst into a reaction vessel. An analysis with IR, GPC and NMR has confirmed that even the compositions obtained by different preparations have the same chemical structures For example, if butanetetracarboxylic acid is used as a multi-functional carboxylic acid, epsilon-caprolactone is used as a lactone compound and 3-cyclohexene methanol is used as Y¹-CH₂OH, the lactone-modified alicyclic compound represented by formula (I) corresponds more specifically to the compound of the formula; [wherein Y¹ is at least one structural group selected from the group of n1, n2, n3 and n4 have a distribution of 0 or a natural number of more than 0, respectively, n1+n2+n3+n4 is 1 or a natural number of more than 1]. Further, the composition which comprises a compound represented by formula (II) is described hereinafter in detail. The composition which comprises a compound represented by formula (II) can be prepared by epoxidation of the above composition which comprises a compound represented by formula (I). The epoxidation reaction can be carried out using an epoxidation agent such as a peracid or various hydroperoxides. The peracids include performic acid, peracetic acid, perpropionic acid, perbenzoic acid and or trifluoroperacetic acid, etc. Of these peracids, peracetic acid is the preferred epoxidation agent, because it is available on an industrial basis at a moderate price and has a high stability. The hydroperoxides include hydroperoxide, tertiary butylhydroperoxide, cumeneperoxide and metachloroperbenzoic acid, etc. When carrying out the epoxidation reaction, a catalyst can be used depending on the circumstances. For example, in the case of peracetic acid being used as an epoxidation agent, an alkali such as sodium carbonate, and an acid such as sulfuric acid, can be used as a catalyst. On the other hand, when using hydroperoxides, it is possible to obtain a catalytic effect, for example, by using a mixture of tungstic acid and sodium hydroxide together with hydrogen peroxide, or hexacarbonyl-molybdenum together with tertiary butyl hydroperoxide. The epoxidation reaction is carried out in the absence or the presence of a solvent, while controlling the reaction temperature according to the apparatus to be used and the properties of the starting materials. The temperature range of the epoxidation reaction can be selected according to the reactivity of the epoxidation agent. In the case of peracetic acid, which is the preferred epoxidation agent, the preferred temperature is between 0 and 70° C. If the temperature is below 0° C, the reaction velocity is slow, but if the temperature is over 70° C, a decomposition reaction of peracetic acid can occur. In the case of tertiary butylhydroperoxide/molybdenumdioxide diacetyl acetate , which is an example of a hydroperoxide, the preferable temperature is between 20° C. and 150° C., based on the same consideration. The use of solvents for dilution is effective for lowering the velocity of raw materials and stabilizing the epoxidation agent. In the case of peracetic acid being used as the epoxidation agent, a preferred solvent is an aromatic compound, an ether compound and/or an ester compound. The molar ratio of the epoxidation agent to be used with respect to the unsaturated bonds, is selected in accordance with the proportion of the unsaturated bonds which it is desired to retain. When preparing epoxy compositions having many epoxy groups, an equal or higher molar ratio of the epoxidation agents with respect to the unsaturated bonds is preferably used, but using amounts of the epoxidation agents at a molar ratio of more than 10 with respect to the unsaturated bonds is not preferable, from the point of view of the costs and side reactions described hereinafter. In the case of peracetic acid, preferred molar ratio is from 1:1 to 5:1. Substituted groups are produced by the side reaction between epoxy groups and acetic acid by-produced and contained in the desired product, depending on the epoxidation conditions. The obtained product may also contain other minor by-products, by which a subsequent or a final product can be affected adversely in color hue and acid value. In order to prevent adverse effects, additives as described hereinafter are preferably used; phosphoric acid, potassium phosphate, sodium phosphate, ammonium hydrogen-phosphate, pyrophosphoric acid, potassium pyrophosphate, sodium pyrophosph ate, potassium 2-ethylhexyl pyrophosphate, sodium 2-ethylhexyl tripolyphosphate, potassium 2-ethylhexyl tripolyphosphate, tripolyphosphoric acid, potassium tripolyphosphate and or sodium tripolyphosphate, sodium 2-ethylhexyl tetrapolyphosphate, potassium 2-ethylhexyl tetrapolyphosphate. The amount of additives used is generally between 10 ppm and 10,000 ppm, preferably between 50 ppm and 1,000 ppm, based on the total weight of the starting materials. It appears that the additives have a chelating effect on metals, which are derived from reaction vessel or materials. The metals are inactivated by the chelating effect. The obtained epoxidized product can be separated from a crude reaction mixture by various processes. Also, the crude reaction mixture can be obtained by simple removal of solvent, etc., which are low boiling components, even without any purification process. The removal of the low boiling components is generally carried out at a temperature between 50° and 200° C., preferably between 80° and 160° C. Also, the degree of reduced pressure in the vessel can be adjusted depending on the boiling points of the solvents used in carrying out the epoxidation reaction. After completion of the epoxidation reaction, the crude solution is preferably washed with water to remove minor amounts of impure components. During this washing operation, an aromatic compound such as benzene, toluene, xylene, etc., a hydrocarbon such as hexane, heptane, octane, etc., an ester such as ethyl acetate, butyl acetate, etc., can also be used with the water. The amount of washing water is between 0.1 and 10 multiple amounts, preferably between 1 and 5 multiple amounts, based on the crude reaction solution volume. Furthermore, an alkali aqueous solution can be used for removing minor amounts of acids, and then water is used again to remove the alkali. Specifically preferred alkali includes NaOH, KOH, K₂CO₃, Na₂CO₃, KHCO₃, NaHCO₃ and NH₃. The concentration of the alkali can optionally be selected over a broad range. The aqueous alkali leaching and subsequent water leaching can be carried out generally in a temperature range of 10 to 90° C., preferably 10° to 50° C. After completion of water leaching and succeeding settling, the resultant organic layer is separated from the water layer, followed by distilling out of materials having low boiling points, which are mainly solvents used in the beginning of the reaction, to obtain a product. Such distillation temperatures are generally between 50° and 200° C., preferably between 80° and 160° C. When distilling out the materials, the degree of reduced pressure can be adjusted as a function of the boiling points of the solvents used. The reaction can be carried out either by a continuous type or by a batch type process. In the case of the batch type process, starting materials and additives such as solvents, etc., are first charged into a reaction vessel, and then an epoxidation agent is added dropwise. When the crude reaction solution is washed with water after completion of the epoxidation reaction, the solution is separated into two liquid layers. The organic liquid layer is separated from the water layer in order to evaporate the components having a low boiling points in an evaporator. In the case of the continuous type process, starting materials, additives such as solvents and an epoxidation agent are supplied continuously into the reaction vessel, and the product is continuously taken out of the vessel. The preferred type of the reaction vessel includes a piston flow type or a completely mixable type. For example, when preparing the composition which comprises a compound represented by formula (II), the product obtained is a composition mainly containing the compound represented by the formula (II). The constitution of the product obtained depends on the constitution of the composition which comprises a compound represented by the formula (I), which is the starting material in the epoxidation reaction. It appears that the product obtained in the epoxidation reaction with the composition which comprises a compound represented by formula (I) contains primarily the composition which comprises a compound represented by formula (II). In the case when mixed lactones are used in the addition reaction of lactone compound, the mixed lactone compounds are randomly introduced into the ester compound (III). Accordingly, the epoxidized composition is also inevitably composed of various compounds having the randomly introduced lactone-derived ester-bonding units. Furthermore, it is noted that an epoxy group is generally ring-opened by water or an acid, even though it is in a minor amount. Accordingly, the products obtained contain by-produced compositions, in which Y² of the (II) is partially converted into Y³. Y³ specifically represents a ring-opened structural group derived from the epoxy group in Y², that is, [wherein R Y represents hydrogen, acetyl group and or propyl group, etc., which depends on the epoxidation agent used]. The product obtained in the epoxidation reaction, in which the compound (II) is a main and desired component, can be used without any treatment. Furthermore, the composition can optionally be used after purifying, for example, by a chromatography, etc. According to yet another aspects of the present invention, there are provided a curable composition and a photo-cationically polymerizable vinyl composition consisting essentially of the above composition which comprise compounds represented by formula (II) described hereinabove. The present curable composition consisting essentially of a composition which comprises a compound represented by formula (II), and a heat-curable agent or a photo-curable agent, will be described hereinafter in detail. Preferred heat-curable agents specifically include aromatic acid anhydrides such as phthalic anhydride, trimellitic anhydride, pyromellitic anhydride, benzophenonetetracarboxylic anhydride, ethyleneglycol bis(anhydrotrimellitate), glyceroltris(anhydrotrimellitate), alicyclic acid anhydrides such as maleic anhydride, succinic anhydride, tetrahydrophthalic anhydride, methyltetrahydrophthalic anhydride, methylnadic anhydride, hexahydrophthalic anhydride, methylhexahydrophthalic anhydride, etc., and amines such as ethylenediamine, diethylenetriamine, triethylenetetramine, isophoronediamine, xylenediamine, methaphenylenediamine, diaminodimethyl sulfone, diaminodiphenyl methane, polymethylenediamin, etc., and or imidazoles such as 2-methylimidazole, 2-ethyl-4-methylimidazole, 2-undecylimidazole, 2-heptadecylimidazole, 2-phenylimidazole, etc. Furthermore, dicyandiamide and derivatives thereof, polyamide resins, organic acid hydrazides, diaminomareonytrile and derivatives thereof, melamine and derivatives thereof, a trifluoroboric compound such as a trifluoroborate-amine complex, a compound having silanolic hydroxyl groups, etc., can be used as a curing agent for epoxy compounds. Additionally, tertiary amines, esters of boric acid, Lewis acids, organometallic compounds, a salt of an organic acid, etc., can optionally be used together with the above described curing agents as a curing accelerator. And further, a conventional modifier for epoxy resins and fillers can be added together with the curing agents. The amount ratio of the curing agent used with respect to the present epoxy composition is generally between 1/0.1 and 1/5, preferably between 1/0.5 and 1/1.5, based on the chemical equivalence, provided that a trifluoroborate-amine complex or a compound having silanolic hydroxyl groups is generally used in the chemical equivalence between 1/0.0001 and 1/1.0, preferably between 1/0.001 and 1/1.0. Furthermore, the alicyclic epoxy composition which comprises a compound represented by formula (II) can be in admixture with other epoxy resins in order to give ductility to the other epoxy resins. Preferred photo-cationic polymerization initiators specifically include diazonium salts such as sulfonium salts such as R₃-SMX n ⁻...(XII), iodonium salts such as R-I⁺-R MX n ⁻...(XV) , metal complexes such as a sulfonium acetone such as sulfone compounds such as [in formulae (X) to (XX), Ph is Cp is R is hydrogen, an alkyl group, phenyl group, an aryl group and a hydroxyalkyl group, which may be identical or different one another, MX n is at least one selected from the group consisting of SbF₆, AsF₆, PF₅ and BF₄], and a silicone compound which is capable of generating a silanol group or a complex of an aluminium compound by photo-irradiation. The specific silicone compound is preferably a silicone compound having one group selected from the group of peroxysilane, o-nitrobenzyloxy group, alpha-ketosilyl. The specific silicone compounds having a peroxysilane group are represented by the formula (R x1 ) n -Si(O-O-R x2 ) 4-n [in the formula, R x1 and R x2 are respectively hydrogen, a halogen atom, an alkyl group selected from the group consisting of, for example, methyl, ethyl, n-propyl, isopropyl, n-butyl, t-butyl, sec-butyl, or n-pentyl, methoxy, ethoxy, chloromethyl or an aryl selected from the group of, for example, phenyl, naphthyl, anthranyl, or benzyl, which may be identical or different each other, which can have a substituent selected from the group of a halogen atom, nitro, cyano and methoxy, etc., and n is an integer ranging from 0 to 3]. The silicone compounds have specific formulae described hereinafter; [wherein Ph represents The specific silicone compound having o-nitrobenzyloxy group is described hereinafter; [in the above formulae, R¹, R² and R³ are hydrogen, halogen, vinyl, aryl , a substituted or an unsubstituted alkyl having a carbon number ranging from 1 to 10, an alkoxy having a carbon number ranging from 1 to 10, a substituted or an unsubstituted aryl, a substituted or an unsubstituted aryloxy and/or a siloxy, respectively, which may be identical or different one another, R⁴ is hydrogen, a substituted or an unsubstituted alkyl having a carbon number ranging from 1 to 10, a substituted or an unsubstituted phenyl, R⁵, R⁶, R⁷ and R⁸ are hydrogen, nitro, cyano, hydroxy, mercapto, a halogen, acetyl, an aryl, an alkyl having a carbon number ranging from 1 to 5, an alkoxy having a carbon number ranging from 1 to 5, a substituted or an unsubstituted aryl, and/or an aryloxy, respectively, which may be identical or different one another, p, q and r are an integer ranging from 0 to 3, respectively, and have a relationship 1≦p+q+r≦3 ]. Substituted or unsubstituted alkyl having a carbon number ranging from 1 to 10 include methyl, ethyl, propyl, n-butyl, t-butyl, pentyl, chloromethyl, chloroethyl, fluoromethyl and cyanomethyl, etc., and alkoxy having a carbon number ranging from 1 to 10 include specifically methoxy, ethoxy , n-propoxy and/or n-butoxy, etc. Substituted or unsubstituted aryl group includes specifically phenyl group, p-methoxyphenyl group, p-chlorophenyl group, p-trifluoromethylphenylvinylmethylphenyl(o-nitrobenzyloxy)silane, t-butylmethylphenyl(o-nitrobenzyloxy)silane, triethyl(o-nitrobenzyloxy)silane, tri(2-chloroethyl)-o-nitrobenzyloxysilane, tri(p-trifluoromethylphenyl)-o-nitrobenzyloxysilane, trimethyl[alpha-(o-nitrophenyl)-o-nitrobenzyloxy]silane, dimethylphenyl[alpha-(o-nitrophenyl)-o-nitrobenzyloxy]silane, methylphenyldi[alpha-(o-nitrophenyl)-o-nitrobenzyloxy]silane, triphenyl(alpha-ethyl-o-nitrobenzyloxy)silane, trimethyl(3-methyl-2-nitrobenzyloxy)silane, dimethylphenyl(3,4,5-trimethoxy-2-nitrobenzyloxy)silane, triphenyl(4,5,6-trimethoxy-2-nitrobenzyloxy)silane, diphenylmethyl(5-methyl-4-methoxy-2-nitrobenzyloxy)silane, triphenyl(4,5-dimethyl-2-nitrobenzyloxy)silane, vinylmethylphenyl(4,5-dichloro-2-nitrobenzyloxy)silane, triphenyl(2,6-dinitrobenzyloxy)silane, diphenylmethyl(2,4-nitrobenzyloxy)silane, triphenyl(3-methoxy-2-nitrobenzyloxy)silane, vinylmethylphenyl(3,4-dimethoxy-2-nitrobenzyloxy)silane, dimethyldi(o-nitrobenzyloxy)silane, methylphenyldi(o-nitrobenzyloxy)silane, vinylphenyldi(o-nitrobenzyloxy)silane, t-butylphenyldi(o-nitrobenzyloxy)silane, diethyldi(o-nitrobenzyloxy)silane, 2-chloroethylphenyldi(o-nitrobenzyloxy)silane, diphenyldi(o-nitrobenzyloxy) silane, diphenyldi(3-methoxy-2-nitrobenzyloxy)silane, diphenyldi(3,4-dimethoxy-2-nitrobenzyloxy)silane, diphenyldi(2,6-dinitrobenzyloxy)silane, diphenyldi(2,4-dinitrobenzyloxy)silane, methyltri(o-nitrobenzyloxy)silane, phenyltri(o-nitrobenzyloxy)silane, p-bis(o-nitrobenzyloxydimethylsilyl)benzene, 1,1,3,3-tetraphenyl-1,3-di(o-nitrobenzyloxy)siloxane, 1,1,3,3,5,5-hexaphenyl-1,5-di(o-nitrobenzyloxy)siloxane. It is also possible to use a silicone compound produced by a reaction between a SiCl-containing silicone resin and o-nitrobenzyl alcohol, a silicone compound having an alpha-ketosilyl group which is represented by the following formula; [wherein L, m and n are an integer of 0 to 3, respectively, L+m+n is 3 or less than 3, R⁹, R¹⁰ and R¹¹ represent a hydrocarbon group such as an alkyl group having a carbon number ranging from 1 to 10, an aryl group, an allyl group, a vinyl group, an allyloxy group and an alkoxy group having a carbon number of 1 to 10, respectively, which can have a substituent such as a halogen atom, nitro, cyano and or methoxy, which may be identical or different one another]. Specific compounds having an alpha-ketosilyl group include [wherein Ph is The mixing amount of the above described silicone compound ranges generally from 0.2 to 20 % by weight, preferably from 1 to 10 % by weight based on the epoxy resin. Where the amount is smaller than 0.1 % by weight, curing of the epoxy resin is not sufficient. On the other hand, an amount larger than 20 % by weight can be used, , but it is not recommended because of costs and a problem caused by compounds derived from the decomposition of the catalyst. Furthermore, an aluminum compound can also be used as a photo-cationic polymerization initiator for the present epoxy compositions. Specific aluminum compounds include trismethoxy aluminum, trisethoxy aluminum, trisisopropoxy aluminum, trisphenoxy aluminum, trisparamethylphenoxy aluminum, isopropoxy diethoxyaluminum, trisbutoxy aluminum, trisacetoxy aluminum, trisstearato aluminum, trisbutylate aluminum, trispropionato aluminum, trisisopropionato aluminum, trisacetylacetonato aluminum, tristrifluoroacetylacetonato aluminum, trishexafluoroacetylacetonato aluminum, trisethylacetonato aluminum, trissalicylaldehydato aluminum, trisdiethylmalolato aluminum, trispropylacetoacetato aluminum, trisbutylacetoacetato aluminum, trisdipivaloylmethanato aluminum, diacetylacetonatodipivaloylmethanato aluminum. The above described compounds are represented by following formulae; At least one of the above described aluminum compounds can generally be used in an amount ranging from 0.001 to 10 % by weight, preferably from 1 to 5 % by weight based on the present epoxy composition. Where the amount is less than 0.001 % by weight, sufficient properties for, for example, a tensile strength or a tensile elongation, etc., can not be attained in the cured products. On the other hand, the use of an amount larger than 10 % by weight is not preferred because of costs and a tendency to lower the resistance to moisture. Various anti-staining agents can be mixed in the present photo-polymerizable composition for increasing a resistance to staining. Anti-staining agents include specifically borates, phosphates, chromates, molybdenum salts, etc. The anti-staining agents can be used in a proportion of 10 to 50 % by weight, based on the present epoxy composition. Furthermore, various additives such as coloring dyes or pigments, a silica, an alumina can also be used. The present photo-polymerizable composition can be coated on a base material and cured by photo-curing at ordinary temperatures or by photo-curing during heating, and postcuring after the photo-curing. The wavelength of irradiation for photo-curing depends on the mixing constituents of the present photo-polymerizable composition or the kind of the above described photo-initiator and it is usually from 180 to 700 nm, and preferably in the range of the ultraviolet wavelength. The irradiation period also depends on the mixing constituents of the present photo-polymerizable composition, the kind of the above described photo-initiator and the kind of the irradiation source, specifically it ranges generally from 10 seconds to 30 minutes, preferably, from 20 to 60 seconds. Furthermore, the temperature for photo-curing during heating also depends on the mixing constituents of the present photo-polymerizable composition or the kind of the above described photo-initiator, it is usually between 20 and 200° C., preferably, between 60 and 100° C. Furthermore, the temperature for postcuring after the photo-curing also depends on the mixing constituents of the present photo-polymerizable composition or the kind of the above described photo-initiator, it ranges usually from 50 to 200° C., preferably, from 100 to 180° C. A low-pressure mercury lamp, a high-pressure mercury lamp, a carbon arc lamp, a xenon lamp, an argon glow discharge lamp and or a metal halide lamp, etc. can be used, as a discharging source of irradiation. And also, the present invention provides a photo-cationically polymerizable vinyl composition obtained by the reaction of a composition which comprises a compound represented by the formula (II) described hereinafter: [wherein R, X, n1 to nL, n1+n2+n3+......+nL , L and Y² are all the same structural groups or numbers as described hereinabove] will be described herein after in detail. The present photo-cationically polymerizable vinyl composition can be prepared by a reaction between the composition which comprises a compound represented by formula (II) and an unsaturated carboxylic acid such as acrylic acid or anhydride thereof. That is, the present photo-cationically polymerizable vinyl composition is a so-called epoxy acrylate or methacrylate composition. The present photo-cationically polymerizable vinyl composition has inevitably hydroxyl groups derived from a ring opening reaction of an epoxy group. The reaction can be carried out by heating in the presence or absence of a ring opening catalyst for an epoxy group such as triethylamine, and optionally a polymerization inhibitor such as hydroquinone monomethylether, a solvent and or a diluent having reactivity. The reaction is preferably carried out at a temperature range of 50° to 120° C., and when using acrylic acid as unsaturated carboxylic acid, approximately of 80° to 90° C., under nitrogen gas for the purpose of preventing polymerization. The reaction ratio of the composition which comprises a compound represented by formula (II) with respect to an unsaturated carboxylic acid ranges preferably from 97/3 to 5/95, more preferably from 95/5 to 30/70 by weight. Where the ratio is more than 97, the flexibility of the cured article is not sufficient. On the other hand, where the ratio is less than 3, a cured article becomes too soft. The present photo-cationically polymerizable vinyl composition can also provide the present photo-curable composition as described in detail hereinafter. The present photo-curable composition can be cured by "radiation" which includes various radiation sources, by which additional polymerizability of vinyl group can be induced. The present photo-curable composition consists essentially of; (a) 5 to 95 parts by weight of the photo-cationically polymerizable composition obtained by a composition which comprises a compound represented by formula (II) described hereinafter: [wherein R, X, n1 to nL, n1+n2+n3+......+nL , L and Y² are all the same structural groups or numbers as described hereinabove] (b) 95 to 5 parts by weight of a vinyl compound having an ethylenically unsaturated group , and optionally (c) a photosensitizer. The compound having an ethylenically unsaturated group specifically includes styrene, an acrylic or methacrylic ester compound, N-vinylpyrolidone, etc., which have a radically polymerizable double bond and which are liquid compounds having low viscosity. The compound is represented by the general formula described hereinafter; (CH₂=CX-CO-O) n -R [wherein X is hydrogen or a methyl group, R is an alcohol having the number of functionality n, n is a natural number ranging from 1 to 8]. The acrylic or methacrylic ester compound includes 2-hydroxyethyl acrylate, 2-hydroxyethyl methacrylate, 3-hydroxypropyl acrylate, 3-hydroxypropylmethacrylate, an acrylic ester of tetrahydrofurfuryl alcohol, a methacrylic ester having mono-functionality such as phenoxyethyl acrylate, an acrylic or methacrylic ester having two-functionalities such as diacrylate of 1,6-hexanediol, dimethacrylate of 1,6-hexanediol, diacrylate of propyleneglycol, dimethacrylate of propyleneglycol, diacrylate of neopentylglycol, etc., an acrylic or methacrylic ester having three-functionalities such as triacrylate of trimethylolpropane, triacrylate of pentaerythrytol, etc. The above compound having an ethylenically unsaturated group can be also used as a mixture. Preferred photosensitizer includes benzophenone, acetophenonebenzyl, benzylmethylketone, benzoin, benzoin methylether, benzoin ethylether, benzoin isopropylether, benzoin isobutylether, dimethoxyacetophenone, diethoxyacetophenone, dimethoxyphenylacetophenone, diphenyldisulfide and or alpha-alkyl benzoin, etc., which are well-known in the photo-curing field. The amount of the photosensitizer used is preferably approximately between 0.01 and 10 %, more preferably approximately between 0.1 and 5 % by weight based on the total weight of the present curable composition. The curing process can also be carried out by a conventional method in the photo-curing field. An acceleration agent for inducing a radical which has a polymerizability through absorption of a photo-energy can be used together with the photosensitizer, which is, for example, tertiary amines. The present photo-curable composition can also include various additives such as a heat polymerization inhibitor, a surfactant, an ultraviolet ray absorbent, a delustering agent, a thixotropic agent and a dye or pigment, etc., and further various thermoplastic resins or thermosetting resins. The present photo-curable composition is coated on a substrate material as a thin layer, then it is cured. The coating on the substrate can be carried out by spraying, brushing, dipping and/or roll coating. Curing by radiation can preferably be carried out in the presence of an inert gas such as nitrogen gas, and also even in air. The present photo-curable composition can be cured by "photo-radiation" such as a chemical ray having a wave length preferably between 200 and 7,500 Å, and more preferably between 2,000 and 4,000 Å. The chemical rays can be produced from various photo-radiation sources such as sun light, carbon arc light and/or mercury vapor light which are artificial photo-sources. The following Examples are given to illustrate the practice of this invention but they are not intended in any way to limit the scope of this invention. Synthesis Example 1 A reaction vessel equipped with a stirrer, a condenser for cooling and a tube for supplying nitrogen gas was charged with 991.0 g. of 3-cyclohexene 1-methanol and 1,006.0 g. of epsilon-caprolactone. 2.0 g. of epsilon-caprolactone solution containing 1 % of stannous chloride was added to the reaction vessel. The contents in the vessel were gradually raised to a temperature of 170° C. over 2 hours under the presence of nitrogen gas. The temperature was maintained for 7 hours to allow reaction of the contents, and then cooled to room temperatures. An epsilon-caprolactone adduct was obtained. It was confirmed by gas chromatography analysis that 0.15 % of unreacted epsilon-caprolactone is left in the adduct. Synthesis Example 2 The same procedure as described in Synthesis Example 1 was repeated, except that 660.7 g. of 3-cyclohexene 1-methanol and 1,341.3 g. of epsilon-caprolactone were used to obtain an epsilon-caprolactone adduct. It was confirmed by gas chromatography analysis that 0.10 % of unreacted epsilon-caprolactone remained in the adduct. Synthesis Example 3 A reaction vessel equipped with a stirrer and a tube for distilling water was charged with 468.3 g. of 1,2,3,4-butanetetracarboxylicacid and 1,473.9 g. of 3-cyclohexene 1-methanol. The contents in the reaction vessel were gradually raised to a temperature of 150° C. over 1 hour, and as a result, the contents became roughly homogeneous, then, water distillation was started. Additionally, the reaction temperature was raised to 220° C. over approximately 3 hours, and the reaction was further continued for approximately 20 hours. Subsequently, the contents were cooled to a temperature of 140° C., and then excess 3-cyclohexene 1-methanol was distilled out of the reaction system under a reduced pressure ranging from 133 to 1330 Pa (1 to 10 Torr), to obtain 1,220 g. of a product. The product obtained was liquid at room temperature, in which less than 0.1 % of 3-cyclohexene 1-methanol remained as determined by gas chromatography analysis. It was confirmed that the esterification reaction was almost completed, because the acid value of the product was reduced to 0.90. Subsequently, the product obtained was analyzed with a ¹H-NMR equipment and an IR spectrometer. The spectra are shown in Figure 1 and Figure 2, respectively. The H-NMR spectrum chart was obtained with CDCl₃ as solvent, at room temperature using JNM-EX 90 equipment (manufactured by Nihon Denshi, Ltd.). In the NMR spectrum chart, a singlet delta 5.67 is derived from a hydrogen bonded to a carbon atom having double bonds, and a multiplet delta 3.99(J=5.5HZ) is derived from a hydrogen of the methylene group which is adjacent to an oxygen atom. No signal due to acid proton was observed. The IR spectrum chart was obtained using IR-435 spectrometer (manufactured by Shimadzu Seisakusyo, Ltd.), and NaCl plate on which the above product sample was coated. An absorption peak was observed at 1,733 cm⁻¹, which is derived from carbonyl group, absorption peaks were observed at 3,110 cm⁻¹, 1,647 cm⁻¹ 991 cm⁻¹ and 652 cm⁻¹, which are derived from double bonds. It was found to have disappeared an absorption peak of around 3,500 cm⁻¹, which peak is derived from hydroxyl group. The above analyses confirmed that the product is represented by the general formula described hereinafter. [wherein Y¹ represents Example 1 A reaction vessel equipped with a stirrer and a tube for distilling water was charged with 1,475 g. of 1,2,3,4-butanetetracarboxylic acid, 3,106 g. of 3-cyclohexene 1-methanol and 1072.0 g. of the lactone adduct obtained in Synthesis Example 2. The contents in the reaction vessel were gradually raised to a temperature of 150° C. over 3 hours and as a result, the contents were roughly homogeneous, then, water distillation was started. Additionally, the reaction temperature was raised to 220° C. over approximately 2 hours, and further reaction was continued for approximately 37 hours. Subsequently, the contents were cooled to a temperature of 140° C., and then excess 3-cyclohexene 1-methanol was distilled out of the reaction system over approximately 3 hours under a reduced pressure ranging from 133 to 1330 Pa (1 to 10 Torr), to obtain 4,560 g. of a product. The product obtained was liquid at room temperatures, in which less than 0.1 % of 3-cyclohexene 1-methanol remained as determined by gas chromatography analysis. It was confirmed that the esterification reaction was almost completed, because the acid value of the product was reduced to 1.0. Subsequently, the product obtained was analyzed with a ¹H-NMR, an IR spectrometer and a GPC equipment (gel permeation chromatography). The spectrum charts are shown in Figure 3, Figure 4 and Figure 5, respectively. In the NMR spectrum chart (Figure 3), a singlet delta 5.67 is derived from a hydrogen bonded to a carbon atom having a double bond, and a multiplet delta 3.8 to 4.2 is derived from a hydrogen of the methylene group which is adjacent to oxygen atom. No signal due to acid proton was observed. In the IR chart (Figure 4), an absorption peak was observed at 1,731 cm⁻¹, which peak is derived from carbonyl group, and absorption peaks were observed at 3,017 cm⁻¹, 1,660 cm⁻¹ 988 cm⁻¹ and 651 cm⁻¹, which peaks are derived from double bonds. An absorption peak of around 3,500 cm⁻¹, which peak is derived from hydroxyl group, was found to have disappeared. The GPC chart (Figure 5) illustrates that the product is a mixture composed of a compound into which no epsilon-caprolactone is introduced(n=0), a compound into which one mol of epsilon-caprolactone is introduced(n=1), a compound into which 2 mol of epsilon-caprolactone are introduced(n=2), and compounds which have a distribution(n=3,4,5....) of more than 2 mol of epsilon-caprolactone. The above analyses confirmed that the product is represented by the general formula described hereinafter. [wherein Y¹ represents n1+n2+n3+n4=1 ]. Example 2 A reaction vessel equipped with a stirrer and a tube for distilling water was charged with 468.3 g. of 1,2,3,4-butanetetracarboxylic acid and 224.3 g. of 3-cyclohexene 1-methanol and 1,357.2 g. of the adduct obtained in Synthesis Example 1. The contents in the reaction vessel were gradually raised to a temperature of 150° C. over 1 hour and, as a result, the contents became roughly homogeneous, then, water distillation was started. Additionally, the reaction temperature was raised to 220° C. over approximately 3 hours, and further reaction was continued for approximately 38 hours while removing water. Subsequently, the contents were cooled to a temperature of 140° C., and then the excess 3-cyclohexene 1-methanol was distilled out of the reaction system over approximately 3 hours under a reduced pressure ranging from 133 to 1330 Pa (1 to 10 Torr), to obtain 1,904 g. of a product. 30.1 % of unreacted 3-cyclohexene 1-methanol were left in the product obtained as determined by gas chromatography analysis. It was confirmed that the esterification reaction was almost completed, because the acid value of the product was reduced to 0.5. Subsequently, the product obtained was analyzed with a ¹H-NMR, an IR spectrometer and a GPC equipment. The spectrum charts are shown in Figure 6, Figure 7 and Figure 8, respectively. In the NMR spectrum chart(Figure 6), a singlet delta 5.67 is derived from a hydrogen bonded to a carbon atom having a double bond, and a multiplet delta 3.8 to 4.2 is derived from a hydrogen of the methylene group which is adjacent to oxygen atom. No signal due to acid proton was observed. In the IR chart (Figure 7), an absorption peak was observed at 1,734 cm⁻¹, which is derived from carbonyl group, and absorption peaks were observed at 3,018 cm⁻¹, 1,659 cm⁻¹, 988 cm⁻¹ and 669 cm⁻¹, which are derived from double bonds. An absorption peak of around 3,500 cm⁻¹, which peak is derived from hydroxyl group was found to have disappeared. The GPC chart (Figure 8) illustrates that the product is a mixture composed of a compound into which no epsilon-caprolactone is introduced(n=0), a compound into which one mol of epsilon-caprolactone is introduced(n=1), and compounds which have a distribution(n=2,3,4,....) of more than 1 mol of epsilon-caprolactone. The above analyses confirmed that the product is represented by the general formula described hereinafter. [wherein Y¹ represents n1+n2+n3+n4=3 ]. Example 3 A reaction vessel equipped with a stirrer and a reflux condenser was charged with 610.0 g. of the product obtained in Synthesis Example 3, 114.7 g. of epsilon-caprolactone and 0.36 g. of a heptane solution containing 1 % of tetrabutyltitanate. The contents in the reaction vessel were gradually raised to a temperature of 220° C. over 1 hour. Further reaction was continued over approximately 35 hours, followed by being cooled to obtain a composition having the same distribution pattern as in Example 1, as a result of GPC analysis. The GPC spectrum is illustrated in Figure 9. Example 4 A jacketed-reaction vessel equipped with a reflux condenser, a funnel for dropwise addition, an inlet for supplying peracetic acid and a tube for supplying nitrogen gas was charged with 1,760.5 g. of the product obtained in Example 2 and 1,000 g. of ethyl acetate. Subsequently, a funnel for dropwise addition was charged with 2,952.8 g. of ethyl acetate solution containing 30 % of acetic acid, and 3.0 g. of 2-ethylhexyl sodium tripolyphosphate was dissolved as a stabilizer. The peracetic acid and ethyl acetate solution of the stabilizer was added into the ethyl acetate containing peracetic acid and the product in Example 2 while maintaining a reaction temperature of 40° C. over approximately 4 hours. Further reaction temperature of 40° C. was maintained over approximately 3 hours. Subsequently, 7,000 g. of pure water was added to the solution. After stirring for 30 minutes, the solution was allowed to stand without stirring at the temperature of 40° C. to separate into two liquid layers. After 30 minutes, the lower liquid layer was gradually removed from upper liquid. Successively, 2,000 g. of ethyl acetate was added into the upper liquid, and then 7,000 g. of pure water was added, followed by being stirred for 30 minutes and settled to remove a resulting lower layer. In addition, 7,000 g. of pure water was added into the upper liquid layer and stirred at a temperature of 40° C. for 30 minutes and allowed to settle in order to remove a resulting lower layer. The upper liquid layer obtained was supplied into a thin-film evaporator maintained at a temperature of 120° C. and a pressure reduction degree of 6650 Pa (50 mm Hg), with supplying speed of 300 cc/ hour to obtain 1,800 g. of a product. The product exhibited the properties described hereinafter. Color hue (APHA) 40 Oxirane oxygen concentration (%) 8.2 Acid value (mg KOH/g) 0.8 Viscosity (cp/70° C.) 2,200 Successively, the product obtained was analyzed with a ¹H-NMR, an IR spectrometer and a GPC equipment. In the NMR spectrum chart (Figure 10), a multiplet delta 3.1 is to 3.3(H a ) is derived from a methylene hydrogen in epoxy ring, and a multiplet delta 3.8 to 4.1(H b ) is derived from a hydrogen of methylene group which is adjacent to the oxygen atom. In the IR chart (Figure 11), an absorption peak was observed at 1,727 cm⁻¹, which is derived from carbonyl group, and absorption peaks were observed at 1,250 cm⁻¹, 894 cm⁻¹ and 785 cm⁻¹, which are derived from the epoxy ring. Furthermore, the GPC chart (Figure 12) illustrates that the product is a mixture composed of a compound into which no epsilon-caprolactone is introduced (n=0), a compound into which one mol of epsilon-caprolactone is introduced(n=1), and compounds which have a distribution(n=2,3,4,....) of more than 1 mol of epsilon-caprolactone. It was confirmed that the product is represented by the general formula described hereinafter by the above analyses; [wherein Y² represents n1+n2+n3+n4=1 ]. Example 5 A jacketed-reaction vessel equipped with a reflux condenser, an inlet for supplying peracetic acid and a tube for supplying nitrogen gas was charged with 1,000 g. of the product obtained in Example 3 and 1,000 g. of ethyl acetate. Successively, 1.2 g. of 2-ethylhexyl sodium tripolyphosphate was dissolved as a stabilizer into 1,216 g. of ethyl acetate solution containing 30 % of peracetic acid. The peracetic acid and ethyl acetate solution of the stabilizer was added into the ethyl acetate containing peracetic acid and the product in Example 3 while maintaining a reaction temperature of 40° C. over approximately 3 hours. Further reaction temperature of 40° C. was maintained over approximately 3 hours. Successively, 3,200 g. of pure water was added to the solution. After stirring for 30 minutes, the solution was allowed to stand without stirring at the temperature of 40° C. to separate it into two liquid layers. After 30 minutes, the lower liquid layer was gradually removed from the upper liquid. Successively, 1,500 g. of ethyl acetate was added into the upper liquid, and then 3,200 g. of pure water was added, followed by stirring for 30 minutes and allowed to stand at 40° C. for 30 minutes then, the resulting lower layer was removed. In addition, 3,200 g. of pure water was added into the upper liquid layer, agitated at 40° C. for 30 minutes, and allowed to stand, then, the resulting lower layer was removed. The upper liquid layer obtained was put into a thin-film evaporator maintained at 120° C. under reduced pressure of 6650 Pa (50 Torr), with an addition speed of 300 cc/ hour to obtain 1,050 g. of a product. The product exhibited the properties described hereinafter. Color hue (APHA) 30 Oxirane oxygen concentration (%) 6.2 Acid value (mg KOH/g) 0.5 Viscosity (cp/70° C.) 1,000 Then, the product obtained was analyzed with a ¹H-NMR, an IR spectrometer to obtain the following results. In the NMR spectrum chart (Figure 13), a multiplet delta 3.1 to 3.3(H a ) is derived from a methylene hydrogen in epoxy ring, and a multiplet delta 3.8 to 4.2(H b ) is derived from a hydrogen of the methylene group which is adjacent to the oxygen atom. In the IR chart (Figure 14), an absorption peak was observed at 1,728 cm⁻¹, which is derived from carbonyl group, and absorption peaks were observed at 1,231 cm⁻¹ and 784 cm⁻¹, which are derived from epoxy ring. Furthermore, the GPC chart (Figure 15) illustrates that the product is a mixture composed of a compound into which no epsilon-caprolactone is introduced(n=0), a compound into which one mol of epsilon-caprolactone is introduced(n=1), and compounds which have a distribution(n=2,3,4,....) of more than 1 mol of epsilon-caprolactone. It was confirmed that the product is represented by the general formula described hereinafter by the above analyses; [wherein Y² represents n1+n2+n3+n4=3 ]. Synthesis Example 4 The same procedures described as in Synthesis Example 1 were repeated, except that 991.0 g. of 3-cyclohexene 1-methanol, 800 g. of epsilon-caprolactone and 206 g. of beta-methyl-delta valerolactone were used. It was confirmed by gas chromatography analysis that 0.3 % of unreacted epsilon-caprolactone and 5.0 % of beta-methyl-delta valerolactone were left. The remaining lactones were removed by distillation under a reduced pressure of 665 Pa (5 Torr) at 120° C. to obtain a composition having 0.1 % of epsilon-caprolactone and 0.9 % of beta-methyl-delta valerolactone remaining. Synthesis Example 5 The same procedures as described in Synthesis Example 1 were repeated, except that 991.0 g. of 3-cyclohexene 1-methanol, 800 g. of epsilon-caprolactone and 281.9 g. of trimethylcaprolactone were used. It was confirmed by gas chromatography analysis that 0.4 % of unreacted epsilon-caprolactone and 4.0 % of trimethylcaprolactone were left. The remaining lactones were removed by distillation under a reduced pressure of 665 Pa (5 Torr) at 120 C. to obtain a composition having 0.1 % of epsilon-caprolactone and 0.3 % of trimethylcapolactone remaining. Example 6 The same procedures as described in Example 1 were repeated, except that 587.7 g. of butanetetracarboxylic acid, 420 g. of 3-cyclohexene 1-methanol, 570 g. of the composition obtained in Synthesis Example 4 were used. The contents in the reaction vessel were gradually raised to a temperature of 150° C. over 1 hour, as a result of which, the contents became roughly homogeneous, and water distillation was started. Additionally, the reaction temperature was raised to 220° C. over approximately 3 hours, and further reaction was continued for approximately 37 hours. Successively, the contents were cooled to a temperature of 140° C., and then the excess 3-cyclohexene 1-methanol was distilled out of the reaction system under a reduced pressure ranging from 133 to 1330 Pa (1 to 10 Torr), to obtain 1,524 g. of a product. It was confirmed by gas chromatography analysis that unreacted 3-cyclohexene 1-methanol was less than 0.1 %. Furthermore, it was confirmed that the esterification reaction was almost completed, because the acid value of the product was reduced to 0.90. Example 7 The same procedures as described in Example 1 were repeated, except that 580.0 g. of butanetetracarboxylic acid, 418 g. of 3-cyclohexene 1-methanol and 560.0 g. of the composition obtained in Synthesis Example 5 were used. The temperature of the contents in the reaction vessel was gradually raised to 150°C. over 1 hour, thus rendering the contents roughly homogeneous, and then water distillation was started. Additionally, the reaction temperature was raised to 220° C. over approximately 3 hours, and further reaction was continued for approximately 37 hours. Successively, the contents were cooled to a temperature of 140° C., and then the excess 3-cyclohexene 1-methanol was distilled out of the reaction system under a reduced pressure ranging from 133 to 1330 Pa (1 to 10 Torr), to obtain 1,510 g. of a product. It was confirmed by gas chromatography analysis that the unreacted 3-cyclohexene 1-methanol was under 0.1%. Example 8 A jacketed-reaction vessel equipped with a reflux condenser, a funnel for dropwise addition and a tube for supplying nitrogen gas was charged with 724.0 g. of the product obtained in Example 6 and 201 g. of ethyl acetate. Subsequently, 0.3 g. of 2-ethylhexyl sodium triphosphate was dissolved as a stabilizer into 303.0 g. of ethyl acetate solution containing 30 % of acetic acid, in the funnel. The peracetic acid and ethyl acetate solution containing the stabilizer were added into the ethyl acetate solution containing peracetic acid and the product obtained in Example 6 while keeping the reaction temperature to 40° C. over approximately 3 hours. the reaction temperature of 40° C. was further kept for approximately 2 hours. Subsequently, 1,100 g. of pure water was added to the solution. After stirring for 30 minutes, the solution was allowed to stand without stirring at 40° C. in order to separate it into two liquid layers. After 30 minutes, the lower liquid layer was gradually removed from upper liquid. Subsequently, 1,100 g. of pure water was added into the upper liquid, the mixture was stirred for 30 minutes and allowed to settle at 40° C. for 30 minutes and then the resulting lower layer was removed. The upper liquid layer obtained was fed into a thin-film evaporator maintained at 120° C. under a reduced pressure of 6650 Pa (50 Torr), with feeding speed of 300 cc/ hour to obtain 725 g. of a product. The product exhibited the properties described hereinafter. Color hue (APHA) 50 Oxirane oxygen concentration (%) 9.8 Acid value (mg KOH/g) 0.9 Viscosity (cp/70° C.) 7,000 The product was liquid at ordinary temperatures. Example 9 A jacketed-reaction vessel equipped with a reflux condenser, a funnel for dropwise addition and a tube for supplying nitrogen gas was charged with 724 g. of the product obtained in Example 7 and 201 g. of ethyl acetate. Subsequently, 0.3 g. of ethylhexyl sodium tripolyphosphate was dissolved as a stabilizer into 303.0 g. of ethyl acetate solution containing 30 % of peracetic acid in the funnel. The peracetic acid and ethyl acetate solution of the stabilizer were added dropwise into the ethyl acetate solution containing peracetic acid and the product in Example 7 while keeping the reaction temperature to 40° C. for approximately 3 hours. Reaction temperature was further kept to 40°C for approximately 2 hours. Subsequently, 1,100 g. of pure water were added to the solution. After stirring for 30 minutes, the solution was allowed to stand without stirring at the temperature of 40° C. to separate into two liquid layers. After 30 minutes, the lower liquid layer was gradually removed from upper liquid. Successively, 300 g. of ethyl acetate and 1,100 g. of pure water were added into the upper liquid, and then 3,200 g. of pure water were added, followed by stirring for 30 minutes and the mixture was allowed to settle at the temperature of 40° C. for 30 minutes to remove a resulting lower layer. The upper liquid layer obtained was fed into a thin-film evaporator maintained at the temperature of 120° C. and a reduced pressure of 6650 Pa (50 Torr), with feeding speed of 300 cc/ hour to obtain 720 g. of a product. The product exhibited the properties described hereinafter. Color hue (APHA) 60 Oxirane oxygen concentration (%) 9.3 Acid value (mg KOH/g) 9.3 Viscosity (cp/70° C.) 7,000 The product was liquid at ordinary temperatures. Example 10 A reaction vessel equipped with a stirrer and a tube for distilling water was charged with 1,400 g. of tetrahydrophthalic anhydride, 2,267 g. of 3-cyclohexene 1-methanol and 1,566 g. of the product obtained in Synthesis Example 2. The contents in the reaction vessel were gradually raised to a temperature of 150° C. over 3 hours, as a result, the contents became roughly homogeneous, and water distillation was started. Additionally, the reaction temperature was raised to 220° C. over approximately 3 hours, and further reaction was continued for approximately 50 hours. Successively, the contents were cooled to a temperature of 140° C., and then the excess 3-cyclohexene 1-methanol was distilled out of the reaction system under a reduced pressure ranging from 133 to 1330 Pa (1 to 10 Torr), to obtain a product having an acid value of 2.90, a viscosity (cp/45° C.) of 107 and a viscosity (cp/25° C.) of 429. Successively, the product obtained was analyzed with a ¹H-NMR equipment and an IR spectrometer. The spectra are shown in Figure 16 and Figure 17, respectively. In the ¹H-NMR spectrum chart (Figure 16), a singlet delta 5.67(H a ) is derived from a methylene hydrogen of epoxy ring, and a multiplet delta 3.9 to 4.2(H b , H c ) is derived from a hydrogen of the methylene group which is adjacent to an oxygen atom. It is noted that a signal due to acid proton was not observed. In the IR spectrum chart (Figure 17), an absorption peak was observed at 1730 cm⁻¹, which is derived from carbonyl group, absorption peaks were observed at 3,090 cm⁻¹, 1,647 cm⁻¹, 1,012 cm⁻¹ and 653 cm⁻¹, which are derived from double bonds. An absorption peak around 3,500 cm⁻¹, which peak is derived from hydroxyl group was found to have disappeared. Furthermore, the GPC chart (Figure 18) shows that the product is a mixture composed of a compound into which no epsilon-caprolactone is introduced(n=0), a compound into which one mol of epsilon-caprolactone is introduced(n=1), and compounds which have a distribution(n=2,3,4,....) of more than 1 mol of epsilon-caprolactone. It was confirmed that the product is represented by the general formula described hereinafter by the above analyses; [wherein Y¹ represents n1+n2=1 ]. Example 11 The same procedures as described in Example 12 were repeated, except that 1,141 g. of tetrahydrophthalic anhydride, 1,431 g. of 3-cyclohexene 1-methanol and 2,554 g. of the composition obtained in Synthesis Example 2 were used to obtain a product having an acid value of 1.0, a viscosity (cp/45° C.) of 92 and a viscosity (cp/25° C.) of 303. Successively, the product obtained was analyzed with a ¹H-NMR equipment and an IR spectrometer. The spectra are shown in Figure 19 and Figure 20, respectively. In the ¹H-NMR spectrum chart (Figure 19), a singlet delta 5.67(H a ) is derived from a methylene hydrogen of epoxy ring, and a multiplet delta 3.9 to 4.2(H b , H c ) is derived from a hydrogen of the methylene group which is adjacent to an oxygen atom. No signal due to acid proton was observed. In the IR spectrum chart (Figure 20), an absorption peak was observed at 1,730 cm⁻¹, which is derived from carbonyl group, absorption peaks were observed at 3,140 cm⁻¹, 1,683 cm⁻¹ and 652 cm⁻¹, which are derived from double bonds. An absorption peak of around 3,500 cm⁻¹, which peak is derived from hydroxyl group was found to have disappeared. Furthermore, the GPC chart (Figure 21) illustrates that the product is a mixture composed of a compound into which no epsilon-caprolactone is introduced(n=0), a compound into which one mol of epsilon-caprolactone is introduced(n=1), and compounds which have a distribution(n=2,3,4,....) of more than 1 mol of epsilon-caprolactone. It was confirmed that the product is represented by the general formula described hereinafter by the above analyses; [wherein Y¹ represents n1+n2=2 ]. Example 12 A jacketed-reaction vessel equipped with a reflux condenser, an inlet for supplying peracetic acid and a tube for supplying nitrogen gas was charged with 770.6 g. of the product obtained in Example 10. Subsequently, 2.9 g. of potassium pyrophosphate was dissolved as a stabilizer into 1,459 g. of ethyl acetate solution containing 30 % of peracetic acid. The peracetic acid and ethyl acetate solution of the stabilizer was added into the ethyl acetate solution containing peracetic acid and the product in Example 10 while maintaining a reaction temperature of 40° C. over approximately 3 hours. Reaction temperature was furhter kept to 40°C for approximately 3 hours. Subsequently, 1,100 g. of peracetic acid and 2,500 g. of pure water were added into the solution. After stirring for 30 minutes, the solution was allowed to stand without stirring at the temperature of 40° C. to separate into two liquid layers. After 30 minutes, the lower liquid layer was gradually removed from upper liquid. Subsequently, 2,500 g. of pure water were added into the upper liquid, and then stirred for 30 minutes and allowed to settle at the temperature of 40° C. for 30 minutes to remove a resulting lower liquid. The same separation processes were repeated twice. The upper liquid layer obtained was fed into a thin-film evaporator kept at the temperature of 120° C. under a reduced pressure of 6650 Pa (50 Torr), with supplying speed of 300 cc/ hour to obtain 780 g. of a product. The product exhibited the properties described hereinafter. Color hue (APHA) 30 Oxirane oxygen concentration (%) 8.0 Acid value (mg KOH/g) 1.0 Successively, the product obtained was analyzed with a GPC equipment, a ¹H-NMR equipment and an IR spectrometer to obtain the following results. In the ¹H-NMR spectrum chart (Figure 22), a multiplet delta 3.0 to 3.3(H a ) is derived from a methylene hydrogen of epoxy ring, and a multiplet delta 3.8 to 4.2(H b , H c ) is derived from a hydrogen of the methylene group which is adjacent to oxygen atom. In the IR spectrum chart (Figure 23), an absorption peak at 1,722 cm⁻¹, which is derived from carbonyl group, as well as absorption peaks at 1,250 cm⁻¹, 892 cm⁻¹ and 784 cm⁻¹, which are derived from an epoxy ring , were observed. Furthermore, the GPC chart (Figure 24) illustrates that the product is a mixture composed of a compound into which no epsilon-caprolactone is introduced (n=0), a compound into which one mol of epsilon-caprolactone is introduced(n=1), and compounds which have a distribution(n=2,3,4,....) of more than 1 mol of epsilon-caprolactone. It was confirmed that the product is represented by the general formula described hereinafter by the above analyses; [wherein Y² represents n1+n2=1 ]. Example 13 The same procedures as described in Example 14 were repeated, except that 733.3 g. of the product obtained in Example 11, 1140 g. of peracetic acid and 2.2 g. of potassium pyrophosphate were used to obtain 720 g. of a product having the following properties. Color hue (APHA) 20 Oxirane oxygen concentration (%) 7.0 Acid value (mg KOH/g) 0.9 Viscosity (cp/70° C.) 302 Successively, the product obtained was analyzed with a GPC equipment, a ¹H-NMR equipment and an IR spectrometer to obtain the following results. In the ¹H-NMR spectrum chart (Figure 25), a multiplet delta 3.0 to 3.3(H a ) is derived from a methylene hydrogen of epoxy ring, and a multiplet delta 3.8 to 4.2(H b , H c ) is derived from a hydrogen of the methylene group which is adjacent to the oxygen atom. In the IR spectrum chart (Figure 26), an absorption peak at 1,723 cm⁻¹, which is derived from carbonyl group, as well as absorption peaks at 1,249 cm⁻¹, 896 cm⁻¹ and 783 cm⁻¹, which are derived from an epoxy ring , were observed. Furthermore, the GPC chart (Figure 27) illustrates that the product is a mixture composed of a compound into which no epsilon-caprolactone is introduced(n=0), a compound into which one mol of epsilon-caprolactone is introduced(n=1), and compounds which have a distribution(n=2,3,4,....) of more than 1 mol of epsilon-caprolactone. It was confirmed that the product is represented by the general formula described hereinafter by the above analyses; [wherein Y² represents n1+n2=2 ]. The epoxide composition obtained was designated as EP-1. Example 14 A reaction vessel equipped with a stirrer, a tube for distilling water was charged with 468.3 g. of 1,2,3,4-butanetetracarboxylic acid, 1,100 g. of 3-cyclohexene 1-methanol and 684.8 g. of epsilon-caprolactone. The temperature of the contents in the vessel was gradually raised to a temperature of 150° C. over 2 hours. When the contents became homogeneous, water distillation was started. Additionally, the reaction temperature was raised to 220° C. over approximately 3 hours, and further reaction was continued for approximately 45 hours while removing the water. Successively, the contents were cooled to a temperature of 140° C., and then excessively charged 3-cyclohexene 1-methanol was distilled out of the reaction system over approximately 3 hours under a reduced pressure of 133 to 1330 Pa (1 to 10 Torr), to obtain 2,050 g. of a liquid product. It was confirmed by gas chromatography analysis that the less than 0.1 % of unreacted 3-cyclohexene 1-methanol remained in the product. Successively, the product obtained was analyzed with a GPC equipment, a ¹H-NMR equipment and an IR spectrometer to obtain the same structures as the product obtained in Example 2. Example 15 The same procedures as described in Example 14 were repeated, except that 228.3 g. of epsilon-caprolactone was used to obtain 1,593.3 g. of a liquid product. It was confirmed by gas chromatography analysis that less than 0.1 % of unreacted 3-cyclohexene 1-methanol remained in the product. Successively, the product obtained was analyzed with a GPC equipment, a ¹H-NMR equipment and an IR spectrometer to obtain the same structures as the product obtained in Example 1. Example 16 A reaction vessel equipped with a stirrer and a tube for distilling off water was charged with 1,521 g. of 1,2,3,4-butanetetracarboxylic acid, 2,293 g. of 3-cyclohexene 1-methanol and 1,140 g. of epsilon-caprolactone. The temperature of the contents in the reaction vessel was gradually raised to 150° C. over 2 hour. When the contents became roughly homogeneous, water distillation was started. Additionally, the reaction temperature was raised to 220° C. over approximately 3 hours, and further reaction was continued for approximately 50 hours. Successively, the contents were cooled to a temperature of 140° C., and then the excess 3-cyclohexene 1-methanol charged was distilled out of the reaction system for approximately 3 hours under a reduced pressure of 133 to 1330 Pa (1 to 10 Torr), to obtain 2,050 g. of a liquid product. Gas chromatography analysis confirmed that less than 0.1 % of 3-cyclohexene 1-methanol remained in the product obtained. Successively, the product obtained was analyzed with a ¹H-NMR equipment and an IR spectrometer to confirm the same structure as obtained in Example 10. Example 17 The same procedures as described in Example 11 were repeated, except that 1,040 g. of 1,2,3,4-butanetetracarboxylic acid, 1,550 g. of 3-cyclohexene 1-methanol and 1,520 g. of epsilon-caprolactone were used. Successively, the product obtained was analyzed with a ¹H-NMR equipment and an IR spectrometer to confirm the same structure as obtained in Example 11. Application Example 1 100 parts by weight of the obtained epoxide EP-1 [the present composition which comprises a compound represented by the formula (II)] in Example 13 and 3 parts by weight of Degacure K126(a photo-cationic polymerization initiator manufactured by Degussa AG, Germany) were mixed and cured to obtain a cured plate having 2mm of thickness under irradiation with a metalhalide lamp having 80 W/cm, with the exposing distance of 6.5 cm, for a period of 100 seconds. Comparative Application Example 1 The same procedures as described in Application Example 1 were repeated, except that 100 parts by weight of 3,4-epoxycyclohexylmethyl-3',4'-epoxycyclohexanecarboxylate [Celloxide 2021 manufactured by Daicel Chemical Industries, Ltd., which is a conventional alicyclic epoxy resin with no lactone units] were used to obtain a cured plate. Comparative Application Example 2 The same procedures as described in Application Example 1 were repeated, except that 100 parts by weight of Epikote 828 [an epi-bis type epoxy resin manufactured by Ciba-Geigy, Corp.] and catalysts described in Table 1 were used to obtain a cured plate. The measurements of the properties of the cured plates were carried out at 20° C. and in relative humidity of 65 %. Measurements of the tensile strength and elongation were carried out based on JIS K 6911. The measurements of Tg. were carried out with a high performance differential calorimeter (No. DSC 8230B manufactured by Rigaku Denki, Ltd.). The mixing constituents and various properties obtained in Application Example 1 and Comparative Application Examples 1, 2 are shown in Table 1. Example 18 A 5-necked reaction vessel equipped with a stirrer and a tube for supplying air, a thermometer, a reflux condenser and a funnel for dropwise addition was charged with 507 parts by weight of the epoxide obtained [the present composition which comprises a compound represented by the formula (II)] in Example 12 and 0.44 parts by weight of hydroquinone monomethyl ether (as a polymerization inhibitor). Successively, a mixture of 144 parts by weight of acrylic acid (as an unsaturated organic compound) and 0.70 parts by weight of triethylamine(as a catalyst) were added dropwise into the vessel while keeping the temperature to a range of 80° to 90° C., and supplying air over approximately 2 hours. The reaction was continued for approximately 24 hours after completion of the dropwise addition to obtain the present photo-cationically polymerizable vinyl composition having the following properties: acid value of 1.20 mg KOH/g, an oxirane oxygen of 2.18 % and a viscosity of 300,000 cp/25° C. The composition obtained was designated as EA-1. Example 19 The same procedures as described in Example 18 were repeated, except that 536 parts by weight of the epoxidized composition [the present composition which comprises a compound represented by the formula (II)] obtained in Example 7, 0.44 part by weight of hydroquinone monomethyl ether (as a polymerization inhibitor) and 0.70 part by weight of triethylamine were used to obtain the present photo-cationically polymerizable vinyl composition having the following properties: acid value of 4.35 mg KOH/g, an oxirane oxygen of 0.12 % and a viscosity of 2,000,000 cp/25° C. The composition obtained was designated as EA-2. Comparative Example 1 A 5-necked reaction vessel equipped with a stirrer, a tube for supplying air, a thermometer, a reflux condenser and a funnel for dropwise addition was charged with 930 parts by weight of Araldite 6071 (an epi-bis type epoxy resin having an epoxy equivalent of from 450 to 500, with no lactone derived ester-bonding units, manufactured by Ciba-Geigy, Corp.) and 0.54 part by weight of hydroquinone monomethyl ether. Successively, a mixture of 144 parts by weight of acrylic acid and 1.07 parts by weight of triethylamine as a catalyst was added dropwise while keeping the temperature to a range of 80° to 90° C., and supplying air over approximately 2 hours. The reaction was further continued for 24 hours after completion of the dropwise addition to obtain a polymerizable compound having an acid value of 3.38 mg KOH/g, oxirane oxygen of 0.09 % and a viscosity of 2,000,000 cp/25° C. Application Example 2 50 parts by weight of the compositions obtained in Example 18 and 19, 20 parts by weight of trimethylolpropane triacrylate, 20 parts by weight of 1,6-hexane diol diacrylate, 10 parts by weight of N-vinylpyrrolidone, 2 parts by weight of benzoin isobutylether as a photo-initiator and 2 parts by weight of benzylmethyl ketal were mixed to obtain the present photo-curable composition. The photo-curable compositions obtained in Examples 18 and 19 were coated on a iron substrate to form a coating layer having a thickness of 15 microns, respectively. Subsequently, the coated layers were cured with irradiation by a high-pressure mercury lamp having an radiation power of 80 W/cm, maintaining a distance of 10 cm under irradiation, with a moving speed of 2 m/min. Application Example 3 50 parts by weight of the compositions obtained in Example 19, 20 parts by weight of trimethylolpropane triacrylate, 20 parts by weight of 1,6-hexane diol diacrylate, 10 parts by weight of N-vinylpyrrolidone, 2 parts by weight of benzoin isobutylether as a photo-initiator and 2 parts by weight of benzylmethyl ketal were mixed to obtain the present photo-curable composition. The photo-curable compositions obtained were coated on a iron substrate to form a coating layer having a thickness of 15 microns, respectively. Subsequently, the coated layers were cured with irradiation by a high-pressure mercury lamp having an radiation power of 80 W/cm, maintaining a distance of 10 cm under the illuminance of an irradiation, with a moving speed of 2 m/min. Comparative Application Example 3 The same procedures as described in Application Example 1 were repeated, except that 50 parts by weight of the polymerizable compound obtained in Comparative Example 3 were used to obtain a photo-curable composition. The photo-curable composition obtained was coated on a iron substrate to form a coating layer having a thickness of 15 microns. Subsequently, the coated layers were cured as described in Application Example 2. The mixing constituents and the results obtained in Application Examples 2, 3 and Comparative Application Example 3 are shown in Table 2. As described in the Table 2, the photo-cured coating layers prepared with the present photo-curable composition have excellent bending strength as compared with conventional one.

Claims: An alicyclic epoxy compound of the formula (II): wherein, R is an alkyl group, an aromatic group or an alkenyl group having a carbon number ranging from 1 to 30, Y² is at least one of the structures; X is the structural group; R a and R b are independently hydrogen or a methyl group, c' is a number ranging from 4 to 8, n1 to nL are 0 or a number above 0, respec tively. n1+n2+n3+........+nL is 1 or a number above 1, which cor responds to the total mole number of the lactones introduced into one molecule, L represents 2 or a number above 2. A compound as set forth in claim 1. wherein said X is -O-(CH₂)₅-CO- . A compound as set forth in claim 1 or 2, wherein said Y² is A compound as set forth in claim 1, 2 or 3, wherein said R is A compound as set forth in claim 1, 2 or 3, wherein said R is A curable composition which comprises a compound of the formula (II): wherein, R is an alkyl group, an aromatic group or an alkenyl group having a carbon number ranging from 1 to 30, Y² is at least one of the structural groups; X is the structural group derived from the lactone as defined in claim 1; R a and R b are independently hydrogen or a methyl group, c' is a number ranging from 4 to 8, n1 to nL are 0 or a number above 0, respectively, n1+n2+n3+........+nL is 1 or a number above 1, which cor responds to the total mole number of the lactones introduced into one molecule and an epoxy resin curing agent. A curable composition as set forth in claim 6, wherein said curing composition is heatcurable. A curable composition as set forth in claim 6, wherein said curable agent is photo-curable. A curable composition as set forth in claim 6, wherein said X is -O-(CH₂)₅-CO- . A curable composition as set forth in claim 6, wherein said R is A curable composition as set forth in claim 6, wherein said R is A polymerizable vinyl composition obtained by reacting a composition which comprises a compound represented by formula (II): wherein, R is an alkyl group, an aromatic group or an alkenyl group having a carbon number ranging from 1 to 30, Y² is at least one of the structural groups; X is the structural group derived from the lactone as defined in claim 1; R a and R b are independently hydrogen or a methyl group, c' represents a number ranging from 4 to 8, n1 to nL represent 0 or a number above 0, respectively, n1+n2+n3+.......+nL is 1 or a number above 1, which corresponds to the total mole number of the lactones introduced into one molecule, with an unsaturated organic acid or an anhydride thereof. A photo-curable composition consisting essentially of; (a) 5 to 95 parts by weight of a polymerizable composition obtained by a composition which comprises a compound of the formula (II): wherein, R is an alkyl group, an aromatic group or an alkenyl group having a carbon number ranging from 1 to 30, Y² is at least one of the structural groups; X is the structural group derived from the lactone as defined in claim 1; R a and R b are independently hydrogen or a methyl group, c' is a number ranging from 4 to 8, n1 to nL represent 0 or a number above 0, respectively, n1+n2+n3+........+nL is 1 or a number above 1, which corresponds to the total mole number of the lactones introduced into one molecule; (b) 95 to 5 parts by weight of a vinyl compound having an ethylenically unsaturated group, and optionally; (c) 0 to 10 parts by weight of a photosensitizer. A lactone modified alicyclic compound of the formula (I): wherein, R is an alkyl group, an aromatic group or an alkenyl group having a carbon number ranging from 1 to 30, Y¹ is at least one of the structural groups; X is the structural group derived from a lactone R a and R b are independently hydrogen or a methyl group, c is a number ranging from 4 to 8, n1 to nL represent 0 or a number above 0, respectively, n1+n2+n3+........+nL is 1 or a number above 1, which corresponds to the total mole number of the lactones introduced into one molecule, L represents 2 or a number above 2. A compound as set forth in claim 14, wherein said X is -O-(CH₂)₅-CO-. A compound as set forth in claim 14 or 15, wherein said Y¹ is A compound as set forth in anyone of claims 14 to 16, wherein said R is A compound as set forth in anyone of claims 14 to 16, wherein said R is A process for the preparation of a compound of the formula (I): comprising reacting a compound of the formula (III): in which R is an alkyl group, an aromatic group or an alkenyl group having a carbon number ranging from 1 to 30, Y¹ is at least one of the following structural groups; X is the structural group derived from the lactone as defined in claim 14 R a and R b are independently hydrogen or a methyl group, c represents a natural number ranging from 4 to 8, n1 to nL represent 0 or a number above 0, respectively, n1+n2+n3+........+nL is 1 or a number above 1, which corresponds to the total mole number of the lactones introduced into one molecule, L represents 2 or a natural number above 2, with lactones. A process as set forth in claim 19, wherein said R is A process as set forth in claim 19, wherein said R is A process as set forth in claim 19, wherein said X is -O-(CH₂)₅-CO-. A process for the preparation of a compound of the formula (I): comprising esterifying a compound of the following formula; with a composition which comprises a compound represented by the following formula; H-(-X-) n -O-CH₂-Y¹ wherein, R is an alkyl group, an aromatic group or an alkenyl group having a carbon number ranging from 1 to 30, Y¹ is at least one of the structural groups X is the structural group derived from the lactone as defined in claim 14; , R a and R b are independently hydrogen or a methyl group, c is a number ranging from 4 to 8, n and n1 to nL represent 0 or a number above 0, respectively, and n1+n2+n3+........+nL is 1 or a natural number above 1, which corresponds to the total mole number of the lactones introduced into one molecule, L represents 2 or a natural number above 2. A process for the preparation of a compound of the formula (I): comprising reacting compounds (a), (b) and (c); wherein (a) is a compound of the following formula; (b) is a compound of the following formula; HO-CH₂-Y¹ (c) is at least one of the lactones of the formula; wherein, R is an alkyl group, an aromatic group or an alkenyl group having a carbon number ranging from 1 to 30, Y¹ is at least one of the structures; R a and R b are independently hydrogen or a methyl group, c is a number ranging from 4 to 8, n1 to nL represent 0 or a number above 0, respectively, n1+n2+n3+......+nL is 1 or a number above 1, which corresponds to the total mole number of the lactones introduced into one molecule, L represents 2 or a number above 2. A process for the preparation of a compound of the formula (II): comprising epoxidizing a compound represented by formula (I): wherein, R is an alkyl group, an aromatic group or an alkenyl group having a carbon number ranging from 1 to 30, Y¹ is at least one of the structural groups; Y² is at least one of the structural groups; X is the structural group derived from a lactone; R a and R b are independently hydrogen or a methyl group, c' is a number ranging from 4 to 8, n1 to nL represent 0 or a number above 0, respectively, n1+n2+n3+........+nL is 1 or a number above 1, which cor responds to the total mole number of the lactones introduced into one molecule, with an epoxidizing agent. A process as set forth in claim 25, wherein said R is A process as set forth in claim 25, wherein said R is A process as set forth in claim 25, wherein said X is -O-(CH₂)₅-CO- . A process for the preparation of an epoxy compound as set forth in claim 25 to 28, wherein the epoxidation reaction is carried out in the presence of at least one additive selected from the group consisting of; phosphoric acid, potassium phosphate, sodium phosphate, ammonium hydrogenphosphate, pyrophosphoric acid, potassium pyrophosphate, sodium pyrophosphate, 2-ethylhexyl pyrophosphate, potassium 2-ethylhexyl phosphate, sodium 2-ethylhexyl phosphate, tripolyphosphoric acid, potassium tripolyphosphate and sodium tripolyphosphate.

Inventors: FUJIWA TAKAAKI, HARANO YOSHIYUKI, ISOBE TOMOHISA, TAKEMOTO SHIN, FUJIWA, TAKAAKI, HARANO, YOSHIYUKI, ISOBE, TOMOHISA, TAKEMOTO, SHIN
Applicants: DAICEL CHEM, DAICEL CHEMICAL INDUSTRIES, LTD.
Application year: 1991
Main classification: C07C69
IPC codes: C07D303, C08G63, C07C69, C08G59