Global Dicyclopentadiene Market is Expected to Reach US$ 902.3 Mn in 2025

Transparency Market Research has published a new report titled “Dicyclopentadiene (DCPD) Market for Unsaturated Polyester Resin, Hydrocarbon Resin, EPDM Elastomers, COC & COP, Poly DCPD, and Other Applications – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017 – 2025.” According to the report, the global dicyclopentadiene market was valued at US$ 561.8 Mn in 2016 and is anticipated to reach US$ 902.3 Mn by 2025, expanding at a CAGR of 5.5% from 2017 to 2025.

Browse the full report at@ http://www.transparencymarketresearch.com/dicyclopentadiene-market.html

Automotive manufacturers and OEMs are constantly seeking innovative materials to lower vehicle weight and achieve fuel efficiency goals owing to the stringent environmental norms and government regulations. Properties such as high heat deflection temperature, good resistance to chemical corrosion and high impact resistance makes DCPD a lucrative option for the automotive industry. Therefore, expansion in the automotive industry offers growth opportunities to the manufacturers of engineered materials such as DCPD-based vehicle components such as interiors, exteriors, chassis, and structural components. DCPD recovered from naphtha cracking process is not a pure monomer, but contains different amounts of co-dimers. These co-dimers react with other raw materials during the production of unsaturated polyester resins. Presence of co-dimers or impurities, necessitates advanced processing in order to avoid unwanted secondary reactions in DCPD processing resulting in increased process cost. This is expected to hamper the DCPD market in the near future.

North America held nearly 35% value share in the global DCPD market in 2016. The unsaturated polyester resin and hydrocarbon resin segments are predicted to offer lucrative growth opportunities for the DCPD market in the region during the forecast period. Some of the major manufacturers in the region include LyondellBasell, Cymetech Corporation, ExxonMobil Corporation and Chevron Phillips Chemical Company.

Europe is expected to grow at a relatively restrained pace between 2017 and 2025. Germany and the U.K. accounted for more than 50% share of the DCPD market in Europe in 2016. Europe is estimated to present minimal opportunities for the DCPD market due to strict regulations on exposure to DCPD due to health concerns in Europe. Latin America and Middle East & Africa held relatively lesser share of DCPD market in 2016. The DCPD market in both the regions are likely to display below average growth during the forecast period.

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Asia Pacific is estimated to experience a higher growth rate during the forecast period. Demand for hydrocarbon resin in ASEAN has been increasing due to the rapid expansion in the hygiene care industry in the region. This is anticipated to drive the DCPD market in ASEAN during the forecast period. The unsaturated polyester resin segment held major share of the DCPD market in Asia Pacific in 2016 and is predicted to remain a highly attractive segment during the next few years

Some of the key players in the dicyclopentadiene market include Braskem, Chevron Phillips Chemical Company, Cymetech Corporation, ExxonMobil Corporation, Fushun Yikesi New Material Co., Ltd., Kolon Industries, Inc., LyondellBasell, Maruzen Petrochemical, Shell Chemicals, Texmark Chemicals, Inc. and Zibo Luhua Hongjin New Material Co., Ltd.

The report segments the global dicyclopentadiene market into:

  • Dicyclopentadiene Market – By Application
    • Unsaturated Polyester Resin
    • Hydrocarbon Resins
    • EPDM Elastomers
    • COC & COP
    • Poly-DCPD
    • Others (Pesticides, Flame retardants, etc.)
  • Dicyclopentadiene Market – Regional Analysis
    • North America
      • U.S.
      • Canada
    • Europe
      • France
      • U.K.
      • Germany
      • Italy
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • ASEAN
      • Rest of Asia Pacific
    • Latin America
      • Brazil
      • Mexico
      • Rest of Latin America
    • Middle East and Africa
      • GCC
      • South Africa
      • Rest of Middle East and Africa

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