Global Dicyclopentadiene Market Outlook
According to a new report by Expert Market Research titled “Global Dicyclopentadiene Market Size, Share, Analysis, Report, Demand, Forecast 2023-2028″, the global dicyclopentadiene market is projected to grow at a CAGR of 4.5% between 2023 and 2028. Aided by the expanding usage of DCPD in resin manufacturing and the increasing demand in various sectors, the market is expected to grow significantly by 2028.
Dicyclopentadiene, a co-product from the steam cracking of naphtha and a by-product from the production of ethylene, finds extensive usage as a precursor to other compounds and materials. Notably, it’s a primary raw material in the synthesis of unsaturated polyester resins, widely employed in boats, automobiles, and bathtubs. Its properties like toughness, chemical resistance, and heat deflection make it an attractive choice in various industries.
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The rising emphasis on lightweight vehicles for fuel efficiency and reduced carbon emissions is catalysing the dicyclopentadiene market demand. Automotive sectors are increasingly adopting unsaturated polyester resins in their designs due to the material’s strength and lightweight nature. The shift towards sustainable transportation, including electric vehicles, amplifies this trend further, as manufacturers grapple with the challenge of maximising range while minimising weight.
Beyond the automotive arena, DCPD’s versatility opens up broad avenues in the construction and infrastructure segments and contributes to the dicyclopentadiene market growth. The material’s resilience against corrosion and environmental degradation means it’s becoming the preferred choice for creating durable, long-lasting structures. Applications range from reinforcing roads and bridges to creating resilient components in water treatment plants and marine structures.
The hydrocarbon resin industry, another significant consumer of DCPD, is witnessing a growth spurt and further adding value to the dicyclopentadiene market size. These resins, vital for adhesives, rubber compounding, and other applications, capitalise on DCPD’s unique characteristics. As economies recover post-pandemic, there’s a palpable increase in construction and manufacturing activities, inadvertently pushing demand for these resins, and by extension, DCPD.
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As per the dicyclopentadiene market analysis, the rising interest in renewable resources and the push for sustainable solutions have brought bioderived DCPD into focus. Research and innovations are fostering methods to produce DCPD from renewable sources, minimising dependency on fossil fuels. Such green transitions not only diminish the environmental footprint but also present a lucrative opportunity for market players to differentiate themselves in an increasingly eco-conscious marketplace.
Global Dicyclopentadiene Market Segmentation
The market can be divided based on grade, application, end use, and region.
Market Breakup by Grade
- DCPD Resin
- DCPD UPR
- DCPD High Purity
Market Breakup by Application
- Unsaturated Polyester Resin (UPR)
- Hydrocarbon Resins
- Ethylene Propylene Diene Monomer (EPDM) Elastomers
- Cyclic Olefin
- Poly-DCPD
- Others
Market Breakup by End Use
- Building and Construction
- Automotive and Marine
- Electrical and Electronics
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global dicyclopentadiene market. Some of the major players explored in the report by Expert Market Research are as follows:
- Braskem S.A.
- Chevron Phillips Chemical Company, LLC
- The Dow Chemical Company
- LyondellBasell Industries Holdings B.V.
- NOVA Chemicals Corporate
- KH Chemicals
- Others
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