In a recent research report by Market Research Community, the Dicyclopentadiene market is expected to surpass USD 2,526.34 Million by the year 2030, from USD 1,527.22 Million in 2021.
Dicyclopentadiene Market is majorly produced through the steam cracking of crude oil products. It is used in the production of resins such as unsaturated polyester resins, aromatic hydrocarbon resins, phenolic resins, epoxy resins, specialty resins and other specialty intermediates. Additionally, Dicyclopentadiene is used as a chemical intermediate to produce pesticides, paints, varnishes, flame retardants for plastics, and other chemicals.
Dicyclopentadiene, also known as DCPD is a colorless, crystalline, flammable solid compound comprising a disagreeable, camphor-like odor. Its chemical formula is C10H12, molecular weight 132.2023 g/mol, and a CAS registry number 77-73-6. The energy density of dicyclopentadiene is 10,975 Wh/l.
Europe region is considered to witness the fastest growth owing to the significant growth of industrial sector in the region. The region is expected to capture a market share of 41.3% in 2021.
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Europe region has the largest producers of motor vehicles, which would assist the market growth in the region owing to their characteristics such as resistance to heat, impact and corrosive chemicals and low viscosity which results in strong, large and lightweight protective coatings such as hoods and shields as well as outer bodies of cars, machinery and trucks. A surge in production of electric vehicles would further boost the market demand in the region. The growing construction industry in the region would propel the demand for dicyclopentadiene during the forecast period as they find application in bridges, façade panels, profiles.
The study is consolidated into major segments and further into sub-segments, such as by grade (high purity grade, polyester grade (UPR), hydrocarbon resin grade), by application (unsaturated polyester resin, hydrocarbon resins, EPDM elastomers, COC and COP, poly-DCPD, others), by end user industry (construction industry, automotive industry, electronics industry, paint industry, marine industry, others) to forecast the market size by value; also includes the analysis of past market dynamics from 2016 – 2021, considering 2021 as the base year.
North America and Europe Dicyclopentadiene Market by Region (%) in 2021
Lastly, the report includes a regional analysis and country analysis with the latest Dicyclopentadiene Market Trends, along with the major key players including The Dow Chemical Company, Braskem S.A., LyondellBasell Industries Holdings B.V., NOVA Chemicals Corporate, Cymetech Corporation, Tokyo Chemical Industry Co., Ltd. (TCI), Chevron Phillips Chemical Company LLC., China Petroleum and Chemical Corporation, Henghe (Nanjing) Materials and Science Technology Co., Ltd., KH Chemicals BV
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