Dicyclopentadiene Market Size is set to surpass USD 1.5 billion by 2030, according to a new research report by Global Market Insights Inc.
Rising construction activities, such as building bridges, profiles, facade panels, etc., across the globe have increased the demand for dicyclopentadiene. Moreover, the growing end-use industries, such as automotive & marine, electrical & electronics along with its use in flavor & fragrance, intermediates leisure & gardening equipment, etc., will propel the expansion in the coming years. The product can make complex parts module with low-cost parts, fine aesthetics, good part integrity, and dimensional stability.
Agrochemical industry has been showing varying market value over the last few years due to limited merger and acquisition activities in the last three years. Increasing demand from pesticides and other agrochemicals, which is likely to boost the use of dicyclopentadiene in the sector. The product is used as a pesticide intermediate for the production of various compounds such as cyclopentadiene, etc. Significant growth in general industries will further fuel the dicyclopentadiene market demand. DCPD is also used as a flame retardant and also used in the production of specialty resins, specialty norbornenes, residential bathroom units, bathtub pans, sink basins, ceiling materials, and draining floor pans, flavor, and fragrance intermediates.
Dicyclopentadiene resin can be substituted by chemicals such as phthalic anhydride that offers more or less equal performance characteristics for particular applications. Phthalic anhydride is a pale white lustrous solid in the form of spikes with a mild distinctive odor. Like dicyclopentadiene, it is also used in the manufacture of materials such as artificial resins, etc. Furthermore, it is an major chemical intermediate in the resin industry that has derived several phthalate esters that perform as plasticizers in synthetic resins. The unavailability or shortage of dicyclopentadiene to meet the growing demand will allow the end-use industries to move to phthalic anhydride, creating a challenge for the growth of dicyclopentadiene in the future.
Browse key industry insights spread across 250 pages with 315 market data tables & 27 figures & charts from the report, “Dicyclopentadiene Market Analysis By Grade (High Purity, Polyester Grade, Hydrocarbon Grade), By Application (Unsaturated Polyester Resin, Hydrocarbon Resins, EPDM Elastomers, Cyclic Olefin Polymer (COP) & Copolymer (COC), Poly-DCPD), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2022–2030” in detail along with the table of contents:
Dicyclopentadiene market from polyester grade segment will hold over 45% revenue share by 2030. It is particularly designed and advanced for the production of unsaturated polyester resins. DCDP UPR grade has a lesser number of co-dimers & trimers along with better color properties as associated to DCPD grades. Dicyclopentadiene polyester grades are mostly used for decks, hulls, and bathroom facilities. The main advantages of these polymers over isophthalic or orthophthalic polyesters are their reduced styrene emission, relatively low shrinking, fast curing in thin layers, and lower cost.
Rising dicyclopentadiene demand from hydrocarbon resins applications
Dicyclopentadiene market from hydrocarbon resins segment is projected to witness around 5.5% CAGR during the study timeframe. Hydrocarbon resin is a C5/C9 aromatic hydrocarbon that is suitable for printing ink, rubber, paint adhesives, and other areas that require tackiness. Hydrocarbon resins have zero acid value, resistant to ethanol, resistant to water, easy mutual solubilities. These resins are used together with other types of resins as adjusting agents, promoters, and modifiers.
North America is set to exhibit steady growth during the forecast period
North America dicyclopentadiene market is expected to exceed USD 400 million by 2030 owing to the upright consumption of polyester grade (UPR) and hydrocarbon resin grade in the region. Additionally, governments in the region have imposed severe regulations on styrene emissions, boosting the usage of dicyclopentadiene as a raw material to cut emission of styrene by 40% to 33% in unsaturated polyester resins, thereby, driving the product use in the coming years.
Some of the top players in the dicyclopentadiene industry include Braskem, Chevron Phillips Chemical Company, China Petrochemical Corporation, Cymetech Corporation, Maruzen Petrochemical, LyondellBasell Industries Holdings B.V, Nanjing Yuangang Fine Chemical Co., NOVA Chemicals, Royal Dutch Shell plc (Shell Chemicals), Sunny Industrial System GmbH, Texmark Chemicals, Inc., The Dow Chemical Company, Tokyo Chemical Industry Co., Ltd. (TCI Chemicals), and Zibo Luhua Hongjin New Material Co.
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