Global Dicyclopentadiene Market By Major Key Players: Braskem, Dow Chemical Company, Cymetech Corporation, LyondellBasell Industries Holdings B.V, Shell Chemicals, TCI Chemicals, NOVA Chemicals, Maruzen Petrochemical,

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.

Dicyclopentadiene market has been divided on the basis of grade, application and region. The major grade segment includes hydrocarbon resins, high purity and polyester grade. The minor grades include low purity grade, polymer grade, etc. Among these, hydrocarbon resins and polyester grade will collectively hold over half of the entire market share throughout the forecast spell. These grades are less expensive than high purity and also find their usage to produce PSA tapes & labels, specialty wax, adhesives and other products due to viscoelastic, heat & corrosion resistance and other mechanical properties.

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Higher purity DCPD grades have enormous price range, greater than that of its substitute products. This will hamper the dicyclopentadiene market growth in the forecast period. Moreover, easy availability of substitute products such as phthalic anhydride instead of DCPD will be a restrictive factor for dicyclopentadiene market in the coming years.

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.

Dicyclopentadiene market is segmented on the basis of grade as hydrocarbon, polyester, high purity resins, and others. The others segment includes low purity resins, polymers, etc. Based on volume, hydrocarbon resins segment will hold close to a quarter of the market by 2024. The segment is said to gradually lose its market share owing to strong growth of the other two segments. Based on revenue, polyester grade segment is said to surpass 50% market share by the end of 2024 with the highest CAGR of over 4.5% from 2017 to 2024.

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Europe and North America’s dicyclopentadiene market will be the notable markets with over 40% of the overall industry in coming years. Asia Pacific will account for over USD 400 million growing with the significant CAGR by 2024. Substantial UPR production in China and Japan, low labor cost coupled with mature automotive and other manufacturing units in this region will promote the Asia Pacific dicyclopentadiene industry growth over the forecast timeframe which in turn will fuel the global DCPD market growth. Positive demand from end-user industries will bolster the industry growth in North America and in terms of revenue the region will account for more than USD 200 million in future.

Geographically, Asia Pacific will hold a maximum share of over USD 400 million in the global dicyclopentadiene market. Developing countries in the region such as China, India, Malaysia, and Indonesia have a huge automotive demand owing to the rising income level of consumers. Increase in the purchasing power parity will lead to more sales of vehicles. Moreover, due to cost-effective labor and low cost raw materials, huge companies are shifting their manufacturing base to Asia Pacific region. Increasing automotive sales and manufacturing in the Asia Pacific region will drive the industry in the long run. The segment is said to grow at a highest CAGR of over 5% from 2017 to 2024.

Prominent companies in the dicyclopentadiene market are Shell Chemicals, TCI Chemicals, LyondellBasell Industries Holdings B.V, Cymetech Corporation, Dow Chemical Company, Braskem, China Petrochemical Corporation, Texmark Chemicals, Maruzen Petrochemical, Chevron Phillips Chemical Company, NOVA Chemicals, Sunny Industrial System GmbH, Nanjing Yuangang Fine Chemical Co, and Zibo Luhua Hongjin New Material to name a few.

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