Dicyclopentadiene, DCPD in short, is a crystalline compound, which is highly flammable and commonly used in several end-use industries such as automotive, building and construction, paints and coatings, marine, and plastic. Dicyclopentadiene is used to manufacture several resins such as acrylates, aromatic hydrocarbon resins, phenolic resins, specialty resins, unsaturated polyester resins, epoxy resins, lattices, and other specialty intermediates. In addition to that, research and development are underway to explore other application scope of DCPD, which is anticipated to add new opportunities in the dicyclopentadiene market in the near future.
According to a fresh study by Transparency Market Research, the demand in the global dicyclopentadiene will increment at a healthy CAGR of 5.5% during the forecast period of 2017 to 2025. The report has evaluated that the global dicyclopentadiene market was worth US$561.8 mn in 2016, which will increase to a valuation of US$902.3 mn by the end of 2025.
Which are most profitable application-segments of DCPD market?
Application-wise, the global dicyclopentadiene market has been segmented into unsaturated polyester resin, hydrocarbon resin, COC & COP, EPDM Elastomers, and Poly-DCPD. In the near future, the segments of unsaturated polyester resins, hydrocarbon resins, EPDM elastomers are expected to increment the demand at above average CAGR. This is a reflection of growing demand for unsaturated polyester resins, which exhibits excellent functional and mechanical properties such as resistance to heat and corrosion and low weight. These resins find applications in diverse end-user industries such as automotive, building and construction, and plastics. On the other hand, EPDM elastomers, another highly useful end-use segment of the DCPD market, offer incomparable resistance to water, heat, steam, heat, and ozone. These elastomers sustain their properties for long durations are hence are an effective choice for applications such as architectural and window seals and tubing.
Which region is exhibiting superior growth potential than others?
In 2016, Asia Pacific accounted for 50% of the demand in the global dicyclopentadiene market, and is anticipated to remain the most lucrative regional market throughout the forecast period of 2017 to 2025. The prosperity of the automotive sector, especially the growing demand for lightweight vehicles, is one of the primary factors aiding to the Asia Pacific dicyclopentadiene market. China and India are two of the most promising emerging economies in the World, and are vastly populated too. With rapid urbanization, huge masses of building and construction is currently underway, posing substantial demand for dicyclopentadiene.
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What is the nature of competition among the leading vendors?
The global dicyclopentadiene market is fragmented in nature, although a few companies do hold a position of strength. As per the findings of the TMR report, strategic acquisition of regional and local players, expansion of sales and distribution channels, and automation of production sites are some of the common strategies of the market leaders. Braksem, Chevron Philips Chemical Company, Cymetech Corporation, and Kolon Industries, Inc. are a few prominent participants of the global DCPD market.