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Dicyclopentadiene Market By Key Players, Growth Potential Analysis and Forecasts Report 2024

Author : Ronak Bora | Published Date : 2019-05-14 

Dicyclopentadiene market is segmented on the basis of grade as hydrocarbon, polyester, high purity resins, and others. The others segment includes low purity resins, polymers, etc. Based on volume, hydrocarbon resins segment will hold close to a quarter of the market by 2024. The segment is said to gradually lose its market share owing to strong growth of the other two segments. Based on revenue, polyester grade segment is said to surpass 50% market share by the end of 2024 with the highest CAGR of over 4.5% from 2017 to 2024.Dicyclopentadiene (DCPD) Market size will surpass USD 800 million by 2024; according to a new research report by Global Market Insights, Inc.

In recent years, dicyclopentadiene market has witnessed significant growth owing to the product’s deployment as a key raw material in the manufacturing of specialty resins that find applications across numerous sectors. The construction, automotive, and electronics sectors have also largely adopted methods that involve DCPD in the process, thereby propelling dicyclopentadiene market expansion. Indeed, DCPD finds usage in the production of high quality resins that find significant application in the manufacturing of specialty electronics, lenses, optical disks and high-quality films. It goes without saying that the expansion of specialty resins industry will positively affect the growth of dicyclopentadiene industry.

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Prominent companies in the dicyclopentadiene market are Shell Chemicals, TCI Chemicals, LyondellBasell Industries Holdings B.V, Cymetech Corporation, Dow Chemical Company, Braskem, China Petrochemical Corporation, Texmark Chemicals, Maruzen Petrochemical, Chevron Phillips Chemical Company, NOVA Chemicals, Sunny Industrial System GmbH, Nanjing Yuangang Fine Chemical Co, and Zibo Luhua Hongjin New Material to name a few.

 

Over the recent years, dicyclopentadiene market has witnessed a notable progression across the globe owing to the rapid industrialization, significant FDI investment, R&D activities and several factors driving the automotive industry. The constructive growth in automobile sector due to the change in lifestyle, increase in income level will in turn boost the market demand in coming years. Extensive usage of the product as a key raw material to manufacture the polyester and polymer resins which are further used to produce the parts and shell of vehicle and boats. It is also used to produce the high purity resins which are used in high performance films, optical disks, lenses and other specialty electronic products. This will spur the entire DCPD market growth throughout the forecast timeframe. Asian countries are on the top of the list for the notable production and consumption of the UPR owing to presence of several manufacturing units and industries. Hence, will positively influence the industry growth by 2024.

Dicyclopentadiene market has been divided on the basis of grade, application and region. The major grade segment includes hydrocarbon resins, high purity and polyester grade. The minor grades include low purity grade, polymer grade, etc. Among these, hydrocarbon resins and polyester grade will collectively hold over half of the entire market share throughout the forecast spell. These grades are less expensive than high purity and also find their usage to produce PSA tapes & labels, specialty wax, adhesives and other products due to viscoelastic, heat & corrosion resistance and other mechanical properties.

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Based on application, the dicyclopentadiene market is segmented into unsaturated polyester resin, hydrocarbon resins, EPDM elastomers, COC & COP and poly-DCPD. The other minor applications include pesticides, flame retardants, etc. In terms of revenue, hydrocarbon resins will likely generate more than USD 190 million in 2024. This is all due to wide acceptance of the product as an ingredient to manufacture the non-woven products in various end-use industries owing to the excellent mechanical and physical properties.

 

Asia Pacific has come to be a pivotal revenue ground for DCPD market, given that the region is a major hub for the construction and automotive industries. Asia Pacific accounted for more than 45% of the total dicyclopentadiene market share in 2016, a figure that is expected to increase as the region expands its industrial base. As DCPD finds expansive application as a raw material in the production of polyester and hydrocarbon resins, APAC dicyclopentadiene industry will witness expansion through the use of these resins in the paint, printing and adhesive industries as well. North America on the other hand, had accounted for 25% of the dicyclopentadiene industry share in 2016 due to the substantial consumption of DCPD in myriad sectors and the presence of numerous chemical companies in the region.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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