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Dicyclopentadiene Market Analysis | 2018 Global Key Players are NOVA Chemicals, The Dow Chemical, LyondellBasell, Cymetech, Chevron Phillips, Braskem, Zibo Luhua Hongjin, China Petrochemical, Texmark, Shell Chemicals, Maruzen Petrochemical, Nanjing Yuanga
Dicyclopentadiene (DCPD) Market
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Growth in the automotive sector, especially in the developing countries of the Asia Pacific region will drive the dicyclopentadiene market in the forecast period. The product is popularly known for its efficient properties such as toughness, lighter weight, and corrosion resistance. Major countries in the region have regulations and emission standards such as the energy policy of China; Bharat stage emission standards, and Air Pollution Dispute Resolution Act of Japan to control the air pollution level. Increasing vehicle regulations for economic fuel consumption and decreased gas emissions will foster the dicyclopentadiene market demand in the long run.
DCPD Market for Grade by Application
• High purity grade
• Unsaturated polyester resin
• COC & COP
• Hydrocarbon resins
• EPDM elastomers
• Poly-DCPD
• Others
• Polyester grade (UPR)
• Unsaturated polyester resin
• COC & COP
• Hydrocarbon resins
• EPDM elastomers
• Poly-DCPD
• Others
• Hydrocarbon resin
• Unsaturated polyester resin
• COC & COP
• Hydrocarbon resins
• EPDM elastomers
• Poly-DCPD
• Others
• Other grade
• Unsaturated polyester resin
• COC & COP
• Hydrocarbon resins
• EPDM elastomers
• Poly-DCPD
• Others
DCPD Market by Application
• Unsaturated polyester resin
• COC & COP
• Hydrocarbon resins
• EPDM elastomers
• Poly-DCPD
• Others
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Based on application, the dicyclopentadiene market is segmented into unsaturated polyester resin, hydrocarbon resins, EPDM elastomers, COC & COP and poly-DCPD. The other minor applications include pesticides, flame retardants, etc. In terms of revenue, hydrocarbon resins will likely generate more than USD 190 million in 2024. This is all due to wide acceptance of the product as an ingredient to manufacture the non-woven products in various end-use industries owing to the excellent mechanical and physical properties.
Considering application, unsaturated polyester resin, poly-DCPD, COC & COP, hydrocarbon resin, EPDM elastomers, and others are the major segments for dicyclopentadiene market. The others segment comprises of flame retardants, pesticides, epoxy resins, lattices, specialty resins, phenolic resins, etc. Unsaturated polyester resins will capture over half of the global market share by the end of 2024. In terms of volume, hydrocarbon resins will surpass 25% market share by the end of the forecast period.
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Presence of substitute products in the market will hinder the industry growth in future. For an instance, phthalic anhydride can replace dicyclopentadiene in UPR and hydrocarbon resins production. Shifting trends towards the usage of renewable products will be another restraining factor for dicyclopentadiene market growth. As the product is used to produce the various types of resins which are non-renewable, thus, this factor will restrict the dicyclopentadiene industry growth by 2024.
The major producers in the dicyclopentadiene market includes NOVA Chemicals, The Dow Chemical, LyondellBasell, Cymetech, Chevron Phillips, Braskem, Zibo Luhua Hongjin, China Petrochemical, Texmark, Shell Chemicals, Maruzen Petrochemical, Nanjing Yuangang, etc.
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