Polydicyclopentadiene (pDCPD) Market Demand Analysis, Forecast 2020
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Polydicyclopentadiene (pDCPD) are primarily used in specific product solutions, where mechanical stress and exposure to chemicals, heat and corrosive materials is high. They are extensively used by durable goods manufacturers and engineered materials industry for a specific range of applications. It is widely used for manufacturing automotives and equipment for agriculture, chemical and waste water treatment industries among several others. Polydicyclopentadiene (pDCPD) are used due to their physical and chemical properties. Polydicyclopentadiene (pDCPD) are structurally stable, and resistant to abrasion, chemicals and weather. These materials are easily recyclable and versatile in forming nature. Polydicyclopentadiene (pDCPD) can be easily molded into a variety of shapes and have higher tensile strength and flexibility for molding when compared to other materials available for similar purposes. These polymers have successfully replaced metals and ceramics for various durable goods and heavy duty equipment.
The polydicyclopentadiene (pDCPD) market is driven by its demand in industrial goods including alloys machinery and high performance light automotives such as trucks and buses. Polydicyclopentadiene (pDCPD) finds applications in a specific range of applications it is a new product and currently used for niche applications. However, established substitutes such as high performance engineering thermoplastics and fluctuating raw material price are expected to be the major restraining factor for the polydicyclopentadiene (pDCPD) market. Novel applications could be a prospective opportunity for further demand growth in the market.
In terms of geography, Asia Pacific is the largest consumer of polydicyclopentadiene (pDCPD) riding on high sales of end use application products to its large population base. Major industrial economies including China, India, Japan and South Korea are the major consumers of polydicyclopentadiene (pDCPD) for application in a variety of high performance durable goods. Two of the most populated countries, China and India are situated in Asia. Both these countries are growing rapidly and witnessing rising disposable income and purchase power parity of the general population. This in turn is expected to drive demand for large automotives such as buses and further for polydicyclopentadiene (pDCPD). High demand from the agriculture equipment manufacturers is expected to aid in further demand growth. North America is another major consumer for polydicyclopentadiene (pDCPD) especially in the automotive and manufacture of equipment for chemicals and waste water treatment. In Rest of the World, Brazil, Argentina and South Africa contribute to major demand for the market. Europe is expected to witness comparatively slower growth than other regions due to stringent government control over potentially harmful products.
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Some of the market players include Mitsubishi Chemicals Corporation, The Dow Chemical Company, ExxonMobil Chemicals and Shell Chemicals among many others.
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