Dicyclopentadiene Market Size by Grade, Application, Region, Industry-Wide Analysis, Competitive Landscape Assessment & Long-Term Forecast to 2030
Overview
Dicyclopentadiene Market is expected to grow at a CAGR of 5% during the forecast period and market is projected to reach USD 1.93 Bn. by 2030.
Dicyclopentadiene Market Definition:
Braskem + operates in the chemical and petrochemical industry and plays a significant role in other production chains that are essential to economic development. Braskem is the only integrated first- and second-generation petrochemical producer of thermoplastic resins in Brazil. Additionally, China based chemical company, Nanjing Yuangang Fine Chemicals Co Ltd, was registered at national chemical Park-Nanjing Chemical Industry Park. The company has built one set of 150,000ton/year C5 fraction plant and one set of 25,000 ton C5 petroleum resin plant.
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The plant is one of the interfacing projects of large auxiliary ethylene plant in the chemical park. Main products from the plant include isoprene, dicyclopentadiene 80~99%, piperlene, C5 petroleum resin and others. The Global dicyclopentadiene market was valued US$ x.43 Bn and is expected to reach xx.3Bn by 2030, at a CAGR of x.5% during a forecast period.
Dicyclopentadiene Market Drivers and Restraints:
High thermal stability is increasing demand for dicyclopentadiene market. Growth in end-user industries like, paints and adhesives, plastics and paper, documented as major growth factor for dicyclopentadiene market and expected to show constant growth during the forecast year. Widespread operation of the product as initial raw material to manufacture the polyester and polymer resins, further used to produce the shell and parts of boats and automobile. DCPD is also used for the production of high purity resins which manage to achieve high optical disks, lenses, performance films and other sphere of electronic products, will boost the entire dicyclopentadiene market growth throughout the forecast period. Presence of Asian countries are on the top of the list for the notable production and consumption of the UPR owing to presence of several manufacturing units and industries. Hence, will positively help to unhinder the industry growth by 2030.
Moreover, the availability of prominent substitute in raw material with high end product cost is expected to hinder the market.
Dicyclopentadiene Market Segment analysis:
In terms of product grades, polyester resin grade has documented the largest DCPD product grade segment in the year of 2019 and this development is expected to last over the next seven years; because of high use in the production of UPR. Properties like great color properties and less number of trimmers and co-dimers linked give UPR grade an edge over resin grade. Furthermore, UPR s commonly used in land transport components, hulls and decks of boats, molding, laminating resins, FRP structures, also applied in other application like adhesives, flooring materials, encapsulation, composites, castings, buttons, filler pastes, gel coats, polymer concrete, tooling, pigment pastes, putties, and fire-retardant and anti-corrosion coating for the end products.
Dicyclopentadiene Market Regional Analysis:
Regionally, Asia Pacific is expected to dominate the dicyclopentadiene market and is expected to grow at CAGR of xx% during the forecast period. Developing regions like India, China, and Japan are considered major contributors for the Dicyclopentadiene market growth in the Asia Pacific region. In 2023 market size was valued US$ xx Bn in while in China, market size was valued xx Bn and expected to increase by US$ xx Bn in coming years.
The objective of the report is to present a comprehensive analysis of the Global Dicyclopentadiene Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.
The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Dicyclopentadiene Market dynamics, structure by analysing the market segments and project the Global Dicyclopentadiene Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Dicyclopentadiene Market make the report investor’s guide.
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| Global Dicyclopentadiene Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2023 | Forecast Period: | 2024-2030 |
| Historical Data: | 2018 to 2023 | Market Size in 2023: | USD 1.37 Bn. |
| Forecast Period 2024 to 2030 CAGR: | 5% | Market Size in 2030: | USD 1.93 Bn. |
| Segments Covered: | by Grade | Hydrocarbon Grade Polyester Grade High Purity |
|
| by Application | Cyclic Olefin Polymer (COP) and Copolymer (COC) Unsaturated Polyester Resin Hydrocarbon Resins EPDM Elastomers High Energy Fuels Poly-DCPD Medicine Flavors Others |
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Dicyclopentadiene Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina, Columbia and Rest of South America)
Dicyclopentadiene Market, Key Players are:
1. LyondellBasell Industries Holdings B.V
2. Chevron Phillips Chemical Company
3. Nanjing Yuangang Fine Chemical Co
4. China Petrochemical Corporation
5. Advanced Cement Technologies
6. Market positioning of vendors
7. The Dow Chemical Company
8. Texmark Chemicals Inc
9. Maruzen Petrochemical
10. Cymetech Corporation
11. NOVA Chemicals Corp
12. Royal Dutch Shell Plc
13. Texmark Chemicals
14. Vendors covered
15. Exxon Mobil Corp
16. NOVA Chemicals
17. Shell Chemicals
18. TCI Chemicals
19. Chevron Corp
20. Sojitz Corp
21. Zeon Corp
22. Braskem
23. Dow Inc
24. JSR Corp
Frequently Asked questions
1. What is the market size of the Global Dicyclopentadiene Market in 2023?
Ans. The market size Global Dicyclopentadiene Market in 2023 was USD 1.37 Billion.
2. What are the different segments of the Global Dicyclopentadiene Market?
Ans. The Global Dicyclopentadiene Market is divided into Application and Grade.
3. What is the study period of this market?
Ans. The Global Dicyclopentadiene Market will be studied from 2023 to 2030.
4. Which region is expected to hold the highest Global Dicyclopentadiene Market share?
Ans. The Asia Pacific dominates the market share in the market.
5. What is the Forecast Period of Global Dicyclopentadiene Market?
Ans. The Forecast Period of the market is 2024-2030 in the market.