Dicyclopentadiene Market 2022-27: Share, Growth, Analysis
The latest research study “Dicyclopentadiene Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global dicyclopentadiene market reached a value of US$ 742.7 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 1,053.60 Million by 2027 exhibiting a CAGR of 5.40% during 2022-2027.
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Dicyclopentadiene, or DCPD, refers to the dimer of cyclopentadiene (CPD) produced through the Diels-Alder addition reaction or steam cracking of petroleum products, such as crude oil. It appears colorless, waxy, flammable crystalline solid with a camphor-like odor at room temperature. It is widely used to manufacture epoxy resins, ethylene propylene diene monomer (EPDM) elastomers, adhesives, cyclic olefin, unsaturated polyester resins (UPR), and poly dicyclopentadiene (DCPC). It is also utilized to fabricate pipes, industrial containers, sanitary ware, construction equipment, flame retardants, inks, varnishes, and paints. Consequently, DCPD finds extensive applications across the construction, automotive, electronics, and marine industries.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Dicyclopentadiene Market Trends and Drivers:
The global dicyclopentadiene market is primarily driven by the growing product adoption as an industrial catalyst and solvent. Additionally, there has been widespread usage of DCPD in manufacturing flame-resistant automotive parts, such as body panels, fenders, and bumpers.
Along with this, the increasing utilization of UPRs to fabricate chemical- and erosion-resistant electrical components has augmented the demand for DCPD. Furthermore, the ongoing research and development (R&D) activities for the development of environment-friendly products, like bio-based EPDM, are offering lucrative opportunities to the key players.
Other factors, including the expanding automotive sector, escalating demand for resins and plastics, emerging applications in the construction industry, rising consumption of batteries, and product innovations, are also anticipated to propel the market growth.
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|Dicyclopentadiene Market Report Scope|
|Market size value in 2021||US$ 742.7 Million|
|Market forecast in 2027||US$ 1,053.60 Million|
|Growth Rate||CAGR of 5.40% from 2022 to 2027|
|Base year for estimation||2021|
Global Dicyclopentadiene Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Cymetech Corporation (Sojitz Corporation), Dow Inc., KH Chemicals, Kolon Industries Inc., LyondellBasell Industries N.V., Merck KGaA, NOVA Chemicals Corporation, Royal Dutch Shell plc, Shandong Qilong Chemical Co.Ltd., Texmark Chemicals Inc. (Chemical Exchange Industries Inc.), Yeochun NCC Co. Ltd. (Hanwha Group) and ZEON Corporation.
The report has segmented the market on the basis of region, type, application and end user.
Breakup by Type:
- DCPD UPR Grade
- DCPD Resin Grade
- DCPD High Purity
Breakup by Application:
- Unsaturated Polyester Resin
- Hydrocarbon Resins
- Ethylene Propylene Diene Monomer (EPDM) Elastomers
- Cyclic Olefin Copolymer (COC) and Cyclin Olefin Polymer (COP)
Market Breakup by End User:
- Building and Construction
- Electrical and Electronic
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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