Dicyclopentadiene Market size to increase by USD 2526.34 Million in Market Research Community

Dicyclopentadiene Market Overview:

Dicyclopentadiene Market Size was valued at USD 1,527.22 Million in 2021, registering a CAGR of 6.3% during the forecast period (2022-2030), and the market is projected to be worth USD 2,526.34 Million by 2030.

Dicyclopentadiene Market is majorly produced through the steam cracking of crude oil products. It is used in the production of resins such as unsaturated polyester resins, aromatic hydrocarbon resins, phenolic resins, epoxy resins, specialty resins and other specialty intermediates. Additionally, Dicyclopentadiene is used as a chemical intermediate to produce pesticides, paints, varnishes, flame retardants for plastics, and other chemicals. 

The companies operating in the industry are constantly focused on product innovations introduction of novel techniques for meeting the consumers’ demand on the global scale. Reaching out to customers across the globe will help market players to make new connections and establish market in other economies.

Dicyclopentadiene (DCPD) is a colorless or light yellow liquid with a pungent odor. It is a cyclic hydrocarbon with the chemical formula C10H12. It is used primarily as a monomer in the production of various resins, including polyester, epoxy, and cycloaliphatic resins. Dicyclopentadiene is also used as a solvent for various industrial applications, such as inks, adhesives, and coatings.

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Europe region has the largest producers of motor vehicles, which would assist the market growth in the region owing to their characteristics such as resistance to heat, impact and corrosive chemicals and low viscosity which results in strong, large and lightweight protective coatings such as hoods and shields as well as outer bodies of cars, machinery and trucks. A surge in production of electric vehicles would further boost the market demand in the region. The growing construction industry in the region would propel the demand for dicyclopentadiene during the forecast period as they find application in bridges, façade panels, profiles.

The study is consolidated into major segments and further into sub-segments, such as by grade (high purity grade, polyester grade (UPR), hydrocarbon resin grade), by application (unsaturated polyester resin, hydrocarbon resins, EPDM elastomers, COC and COP, poly-DCPD, others), by end user industry (construction industry, automotive industry, electronics industry, paint industry, marine industry, others) to forecast the market size by value; also includes the analysis of past market dynamics from 2016 – 2021, considering 2021 as the base year.

Market Restraints:

• Significantly high initial investment is one of the major obstacles to the market.
• Lack of information and awareness for safety rules is also hampering the market growth.
• Stringent regulations laid down by government is yet another hampering factor of the market.

Lastly, the report includes a regional analysis and country analysis with the latest Dicyclopentadiene Market Trends, along with the major key players including The Dow Chemical Company, Braskem S.A., LyondellBasell Industries Holdings B.V., NOVA Chemicals Corporate, Cymetech Corporation, Tokyo Chemical Industry Co., Ltd. (TCI), Chevron Phillips Chemical Company LLC., China Petroleum and Chemical Corporation, Henghe (Nanjing) Materials and Science Technology Co., Ltd., KH Chemicals BV

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