Dicyclopentadiene (DCPD) Market Size

Dicyclopentadiene Market Size

Dicyclopentadiene (DCPD) Market size was valued at around USD 915.9 million in 2021 and is expected to grow at a CAGR of 5.7% from 2022 to 2030. Easy processing, chemical-erosion resistance, and adhesive & sealant properties make dicyclopentadiene applicable for agrochemical, industrial, and other commercial uses such as varnishes, as an intermediate in insecticides, paints, as a flame retardant in plastics, etc. The industry size is anticipated to cross 941.1 Kilo Tons by 2030 with a projected CAGR of 5.1% through the forecast period, in terms of volume.

Dicyclopentadiene is a cyclopentadiene dimer and is manufactured in huge quantities by the steam cracking of petroleum products such as naphtha, gas oils and crude oil to ethylene. DCPD polymer possesses excellent combination of impact strength and stiffness at very low density, also the product is resistant to acids and bases at all operating temperatures and has excellent electric insulation properties. It is appropriate for a variety of resins such as epoxy resin, hydrocarbon resin, unsaturated polyester resin, and phenolic resin.
 

Besides resins, dicyclopentadiene is also used to produce varnishes, paints, elastomers, insecticides, hot melt adhesives, and flame retardants for plastics; therefore, the increasing need of public infrastructure, building, and construction activities along with the growing demand from automotive and marine sectors to improve trade connectivity will drive dicyclopentadiene market share.
 

DCPD resin with exclusive properties makes it a desired choice for vehicle coverings, such as hoods and shields, in addition to the outer bodies of trucks, cars, and machinery. The product is preferred over thermoplastic polymer in automotive and other industries as it meets the automotive challenges, providing cost-reduction on the assembly line by part consolidation. The product also offers a homogeneous and quality surface appearance that is possible with good tools.
 

DCPD parts achieve a high-quality finish and are ready to paint for the right image and sports look. In addition to this, its anti-corrosion property makes it appropriate for marine parts, i.e., suitable for caustic or chlorine industry such as the cell cover. High electrical insulation, low thermal conductivity, and complete chemical inertness to the reactants and products will also rise its usage in the marine sector.
 

Dicyclopentadiene is a by-product of ethylene, a petrochemical product. Gas oils, crude oil and naphtha are the basic raw material for the production of dicyclopentadiene and hence volatility in its price may ultimately affect the product cost. Due to this, end-users may also opt for phthalic anhydride and other substitutes. Likewise, price volatility of the raw materials will allow the manufacturers to opt for resins such as epoxy, vinyl ester, polyester, and other resins that satisfy properties of the product.