Dicyclopentadiene (DCPD) Market to experience an impressive growth of 4.0% during 2016-2021

Addressing the most sought-after questions that occupy the minds of entrepreneurs and decision makers, the new report of "Stratview Research" on the Dicyclopentadiene (DCPD) Market, answers all the important questions.

Getting to the bare bones of the issues and factors which are sculpturing the market, Stratview Research brings out the best actionable market intelligence for the global Dicyclopentadiene (DCPD) Market.

The analysts have scrupulously studied the trend and cautiously forecasted the future market developments for 2016-2021.
The important questions the report answers are:
1. What will be the market growth rate in the near future?
2. What are the major developments in the market wrt regulations, acquisitions and innovations?
3. What are the growth drivers as well as the constraints?
4. What are the regional growth hotspots?
5. What are the segmental growth forecasts?

These questions and many more, big and small, are all discussed in the report in great detail.

The Global Dicyclopentadiene (DCPD) Market: Highlights
The global dicyclopentadiene (DCPD) is considered as a mature market and is likely to grow at 4.0% CAGR during the forecast period of 2016 to 2021. Growing end use industries, mainly building & construction, electrical & electronics and automotive, and as a result rising demand of unsaturated polyester resins are likely to propel the global DCPD market in the next five years.

The strategic Market dissection
The dissection of the market is done to enlighten the aspects which are of interest to firms across the value chain.

Dissection by Segments
• By Application Type : Unsaturated Polyester Resin, Hydrocarbon Resin and Others
• By End Use Industries : Building & Construction, Automotive and Others
• By Region : North America, Europe, Asia-Pacific, and RoW

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Market Segments
Dicyclopentadiene (DCPD) is the dimer of cyclopentadiene produced through the Diels Alder Reaction. It is a colorless, flammable liquid or solid with camphor like odor. DCPD products are used in a wide variety of resins, such as unsaturated polyester resin, epoxy resin, hydrocarbon resin and phenolic resin. Apart from resins, DCPD is also used to produce paints, varnishes, insecticides, elastomers, flame retardants for plastics, and hot melt adhesives.

DCPD is principally available in three grades: Resin grade, UPR grade, and High purity grade. Resin grade is mainly used to produce cyclo aliphatic and C5/C9 whereas UPR grade is used to produce unsaturated polyester resins; and high purity grade is mainly used to produce antioxidants, flavors & fragrances, and cyclic olefin co-polymers. Resin grade and high purity grades can also be used to produce unsaturated polyester resins.

Unsaturated polyester resins are expected to remain the growth engine of the global DCPD market during the forecast period. It is a material of choice in a wide array of industries, such as building & construction, automotive, marine, and electrical & electronics. It is a low cost option and excels in the price vs performance requirement of most of the composite applications. Hydrocarbon resin is likely to remain the second largest application of the global DCPD market in the next five years, driven by increasing usage in adhesives, coatings, printing inks, and rubber goods.

Building & Construction segment is expected to remain the largest end user of DCPD during the forecast period. Increasing residential activities in the Asia-pacific and the middle east regions and rebounding housing starts in the USA are some of the major drivers of the market. Automotive segment is expected to experience the fastest growth for the same period, driven by the lightweight requirement caused by stringent government regulations to increase fuel efficiency and reduce the carbon emissions. Automakers are incorporating lightweight materials including polyester resins based parts to achieve the set targets.

Asia-Pacific region is expected to remain the largest DCPD market during the forecast period. The region is also likely to exhibit the fastest growth rate over the next five years, driven by increasing use of DCPD in end user industries; mainly automotive, building & construction, and electrical & electronics.

Players
The supply chain of this market comprises of derivatives suppliers, DCPD manufacturers, polyester resin manufacturers, composites part manufacturers, OEMs, and end-users. The key DCPD manufacturers are Braskem SA, Chevron Phillips Chemical Company, Fushun Yikesi New Material Co. Ltd, Lyondell Basell, Maruzen Petrochemical, Shanghai Petrochemical, Shell Chemicals, The Dow Chemical Company, and Zibo Luhua Hongjin New Material Co. Ltd.

New production development, application development, regional expansion, and strategic alliances are the key strategies adopted by the key players to gain competitive edge in the market.

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This release was published on openPR.