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Dicyclopentadiene Market Is Anticipated to Witness Considerable Growth Till 2024, Asia Pacific To Be A Major Revenue Pocket

Author : Ronak Bora | Published Date : 2019-08-09 

Asia Pacific has come to be a pivotal revenue ground for dicyclopentadiene 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 market share in 2016 due to the substantial consumption of DCPD in myriad sectors and the presence of numerous chemical companies in the region.

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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 market.

Dicyclopentadiene market has found a novel and profitable growth avenue through the use of highly purified DCPD in the construction industry. Polydicyclopentadiene finds wide applications in not only the construction industry but also in the manufacturing of agricultural and construction equipment, body panels for trucks and buses, chlor-alkali industry, waste container industry and more. This widespread spectrum can be attributed to the product’s high impact, temperature, and corrosion resistant properties. Combined with R-RIM, reinforced DCPD has enabled new concepts for construction designs and benefitted designers and engineers with improved dimensional stability and increased rigidity. Reinforced dicyclopentadiene industry has thus witnessed significant propulsion and is expected to continue its exponential performance with increased profitability over 2017-2024.

Higher purity DCPD grades have enormous price range, greater than that of its substitute products. This will hamper the dicyclopentadiene market growth in the forecast period. Moreover, easy availability of substitute products such as phthalic anhydride instead of DCPD will be a restrictive factor for dicyclopentadiene market in the coming years.

Browse key industry insights spread across 250 pages with 306 market data tables & 25 figures & charts from the report, “Dicyclopentadiene (DCPD) Market” in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/dicyclopentadiene-dcpd-market

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.

 

Glimpse of Table of Content (ToC)

Chapter 3. Dicyclopentadiene Market Insights

3.1. Dicyclopentadiene market segmentation

3.2. Dicyclopentadiene market size and forecast, 2013 - 2024

3.3. Industry ecosystem analysis

3.3.1. Profit margin

3.3.2. Value addition

3.3.3. Distribution channel analysis

3.3.4. Vendor matrix

3.3.4.1. List of key manufacturers/suppliers

3.3.4.2. List of key/potential customers

3.4. Raw material analysis

3.5. Industry impact forces

3.5.1. Growth drivers

3.5.1.1. Extensive usage of the product in automotive and marine sectors

3.5.1.2. Increasing demand for the product in other end-use industries

3.5.2. Industry pitfalls & challenges

3.5.2.1. Availability of substitute products

3.5.2.2. High product cost

3.6. Regulatory trends

3.7. Growth potential analysis

3.8. Competitive landscape

3.8.1. Company market share, 2016

3.8.2. Strategy dashboard

3.9. Porter’s analysis

3.9.1. Supplier power

3.9.2. Buyer power

3.9.3. Threat of new entrants

3.9.4. Threat of substitutes

3.9.5. Industry rivalry

3.10. Regional price trends

3.10.1. Cost structure analysis

3.10.1.1. R&D cost

3.10.1.2. Manufacturing & equipment cost

3.10.1.3. Raw material cost

3.10.1.4. Distribution cost

3.10.1.5. Operating cost

3.10.1.6. Miscellaneous cost

3.10.2. Price by product

3.10.3. Price by power rating

3.10.4. PESTEL analysis

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/dicyclopentadiene-dcpd-market

 

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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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