The global dicyclopentadiene market is expected to witness noteworthy growth over the next seven years owing to the growing plastic and resins industry. Dicyclopentadiene (DCPD) is useful in the manufacturing of several resins such as aromatic hydrocarbon resins, acrylates, phenolic resins, epoxy resins, lattices, specialty resins, unsaturated polyester resins, and other specialty intermediates. Increasing the dicyclopentadiene application scope is anticipated to fuel market growth over the forecast period. DCPD is used to manufacture products such as varnishes, paints, elastomers, and flame retardants for plastics, metallocenes, pesticides, insecticides, and hot melt adhesives. Rising plastic demand especially in Asia Pacific is projected to bolster the market growth over the foreseeable future. Highly reactive nature of DCPD, it is used as an intermediate for unsaturated polyesters, aromatic hydrocarbons, epoxies, and phenolics. Environmental concerns associated with E&P activities including wastewater treatment in enhanced oil recovery methods are anticipated to negatively affect market growth. Shifting trend towards renewables is presumed to be another challenge for the industry participants over the next seven years. Increasing phthalic anhydride use as DCPD substitute in applications such as boat building is presumed to hinder market growth over the forecast period.
On the basis of product grades, the global dicyclopentadiene market has been segmented into high purity, UPR, and resin grade. Unsaturated polyester resin (UPR) grade was the largest DCPD product grade segment in 2014 and this trend is expected to continue over the next seven years owing to its use in the production of UPR. Superior color properties and less number of trimmers & co-dimers associated give UPR grade an edge over resin grade. High purity resin product grade is expected to witness above average over the forecast period owing to increasing industry applications. High purity grade is useful in the production of flavorants, fragrances, cyclic olefin copolymers, antioxidants, and in the manufacture of unsaturated polyester resins. On the basis of application, the global market has been segmented into unsaturated polyester resins and hydrocarbon resins. Unsaturated polyester resin application segment is anticipated to witness significant market growth over the foreseeable future owing to growing electrical, bathroom components, and marine industry. The hydrogen resin application segment is presumed to witness above average market growth over the next seven years owing to growing paints & coatings industry applications. Hydrocarbon resin is used in the manufacture of printing inks, coatings, adhesives, rubber goods, and caulking compounds.
Asia Pacific market is expected to witness significant growth over the forecast period owing to the growing plastics and resins industry in the region. China and India are anticipated to be the frontrunners owing to the growing construction and infrastructure industry in the region. North America is expected to witness above average dicyclopentadiene demand owing to the growing marine and adhesives industry in the region. The U.S. is anticipated to be the frontrunner owing to the growing polymer and plastics industry in the region. Europe is presumed to witness steady market growth owing to mature DCPD demand in the region. Latin America is projected to witness above average DCPD market growth owing to economic developments coupled with increasing consumer disposable income in the region.
Key players operating in the global dicyclopentadiene market include The Dow Chemical Company, ExxonMobil Chemical, Chevron Phillips, and Braskem SA. Other companies operating in the market include JX Nippon Oil & Energy Corp., ZEON, Shell Chemicals, Shandong Yuhuang, Fushun Yikesi, and Sinopec Shanghai Petrochemical Limited (SPC). Developing effective distribution channels aimed at globalization is anticipated to be a major strategy followed by industry participants to increase their market share over the foreseeable future.
NEED A CUSTOM REPORT?
We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities.
Contact us now to get our best pricing.
We are GDPR and CCPA compliant! Your transaction & personal information is safe and secure.
"The quality of research they have done for us has been excellent."
The global COVID-19 pandemic has led to a sudden pause to manufacturing activities across the globe, affecting the demand for plastics and also production & processing of them. The most critically impacted end-use segments of the plastics industry include automotive & transportation, consumer goods, industrial equipment, construction, and electronics. The report will account for Covid19 as a key market contributor.