According to the latest report by IMARC Group, titled “Dicyclopentadiene Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the global dicyclopentadiene market share. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global dicyclopentadiene market size reached US$ 782.1 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,054.0 Million by 2028 exhibiting a growth rate (CAGR) of 4.9% during 2023-2028.
Dicyclopentadiene (DCPD), with the formula (C₁₀H₁₂), also known as biscyclopentadiene, is a colorless, flammable, and waxy chemical compound with a camphor-like odor. It is commonly produced in extensive quantities through the steam cracking of petroleum products, including crude oil, naphtha, and gas oils. In addition, it is widely used in the production of cyclic olefin, poly dicyclopentadiene (DCPC), inks, paints, hydrocarbon resins, and adhesives. As a result, it finds extensive applications in building and construction, agriculture, food and beverage (F&B), automotive, marine, construction, packaging, and electronics sector across the globe.
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Dicyclopentadiene Market Trends and Drivers:
The market is primarily driven by the expanding automotive industry across the globe. Dicyclopentadiene is widely utilized to produce several flame-resistant automotive components, including spoilers, bumpers, fenders, and body panels. In addition, the widespread application of dicyclopentadiene in the production of resins such as phenolic, specialty, hydrocarbon, polyester, acrylates, epoxy, lattices, and unsaturated polyester resin (UPR) is contributing to the market growth.
Moreover, several product innovations, such as the development of environment-friendly bio-based ethylene propylene diene monomer (EPDM), represent another major growth-inducing factor. It is manufactured using plant-based and durable materials, which help minimize carbon emissions. Besides this, the escalating demand for DCPD in the construction industry to employ bathroom electrical fabrication of bathtubs and swimming pools is providing a thrust to the market growth.
Furthermore, the widespread adoption of dicyclopentadiene as an industrial catalyst in producing industrial containers, sanitary ware, pipes, pesticides, flame retardants, and construction equipment is creating a positive market outlook across the globe.
Global Dicyclopentadiene Market 2023-2028 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)
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 (2017-2022)
- Market Outlook (2023- 2028)
- 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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