Dicyclopentadiene Market Scope
Due to increasing adoption of Dicyclopentadiene (DCPD) in manufacturing plastic and resins based products, the global dicyclopentadiene market will witness noteworthy growth over the forecasted period. Since it offers comparatively maximum resistance to heat, steam, ozone, and water, it will create significant demand in construction and petrochemical industry. In addition to this, its exceptional mechanical properties such as heat resistance, corrosion, and low weight has ultimately increased demand for Dicyclopentadiene (DCPD). This chemical is the dimer of cyclopentadiene produced through the Diels Alder Reaction. It is a colorless, flammable liquid or solid with camphor like odor. This chemical is used in manufacturing many chemical and products such as unsaturated polyester resin, hydrocarbon resins, EPDM elastomers, cyclic olefin polymer (COP) & copolymer (COC), and poly-DCPD.
According to AMA, the Global Dicyclopentadiene market is expected to see growth rate of 5.47% and may see market size of USD854.98 Million by 2027.
The Vendors having a strong hold in the market are Dow Chemical Company, ExxonMobil, Chevron Phillips, Braskem, and Nippon Oil & Energy Corporation. Research Analyst at AMA estimates that Asian Vendors will contribute to the maximum growth of Global Dicyclopentadiene market throughout the predicted period.
Dow Chemical Company (United States), ExxonMobil Chemical Company (United States), Chevron Phillips Chemical (United States), Braskem (Brazil), JXTG Nippon Oil & Energy Corporation (Japan), ZEON (Japan), Shell Chemical LP (United States), Shandong Yuhuang Chemical Co., Ltd. (China), Fushun Yikesi New Material Co., Ltd (China), SINOPEC Shanghai Petrochemical Co., Ltd. (China), Cymetech Corporation (United States) and LyondellBasell Industries N.V. (Netherlands) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Kolon Industries (South Korea), Maruzen Petrochemical Co. Ltd. (Japan), Zibo Luhua Hongjin New Material Co Ltd (China), Wuhan Ruiji Chemical Co., Ltd. (China), Hangzhou Yangyi Petrochemical (China) and Shandong Qilong Chemical (China).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Dicyclopentadiene market , by Application (Unsaturated Polyester Resin, Hydrocarbon Resins, EPDM Elastomers, Cyclic Olefin Polymer (COP) & Copolymer (COC) and Poly-DCPD) and Region with country level break-up.
On the basis of geography, the market of Dicyclopentadiene has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
On April 25, 2019, Dow has expanded its alkoxylation capacity at its existing facility in Tarragona, Spain directly benefiting the Europe, Middle East, Africa and India region. This low capital intensity, high return, incremental investment builds on the previously announced alkoxylation capacity expansion on the U.S. Gulf Coast, to support growing demand and advance Dow’s leading positions in attractive consumer, industrial, and infrastructure markets growing above GDP.
The New Jersey Right to Know Act requires most of the employers to label chemicals in the workplace and requires public employers with information and training regarding chemical hazards and controls. The federal OSHA Hazard Communication Standard, 1910.1200, requires private employers to provide similar training and information to their employees. Exposure to hazardous substances such as Dicyclopentadiene (DCPD) should be regularly evaluated.
Market Trend
- Growing Adoption of Dicyclopentadiene in EPDM Elastometers and Hydrocarbon Resins
- Growing Uses in Manufacturing Varnishes, Paints, Elastomers, and Flame Retardants for Plastics
Market Drivers
- Increasing Uses of Elastomers as it Provides Maximum Resistance to Heat, Steam, Ozone, and Water
- Growing Applications of Polyester Resins
Opportunities
- Increasing Consumption of Pesticides, Insecticides and Hot Melt Adhesives
- Rising Demand from Asia Pacific Automobile Industry
Restraints
- Continuously Upsurging Prices of High Purity Grade Dicyclopentadiene
- Rising Threat of Substitute Products
Challenges
- Stringent Government Regulations and Chemical Industry Standards
Key Target Audience
Dicyclopentadiene Manufacturers, Dicyclopentadiene Distributors and Traders, Dicyclopentadiene Import Export Regulators, Government Regulators, Environmental Protection Agencies, Chemical Industry Associations and Others