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Dicyclopentadiene Market to achieve considerable growth in 2024, APAC to remain a dominant growth avenue
Dicyclopentadiene Market
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In recent years, dicyclopentadiene (DCPD) market has witnessed significant growth owing to the product’s deployment as a key raw material in the manufacturing of specialty resins that find applications across numerous sectors. The construction, automotive, and electronics sectors have also largely adopted methods that involve DCPD in the process, thereby propelling dicyclopentadiene market expansion. Indeed, DCPD finds usage in the production of high quality resins that find significant application in the manufacturing of specialty electronics, lenses, optical disks and high-quality films. It goes without saying that the expansion of specialty resins industry will positively affect the growth of dicyclopentadiene market.
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.
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.
Browse key industry insights spread across 250 pages with 306 market data tables & 25 figures & charts from the report, “Dicyclopentadiene Market” in detail along with the table of contents @https://www.gminsights.com/industry-analysis/dicyclopentadiene-dcpd-market
Dicyclopentadiene market has found a novel and profitable growth avenue through the use of highly purified DCPD in the construction industry. Polydicyclopentadiene finds wide applications in not only the construction industry but also in the manufacturing of agricultural and construction equipment, body panels for trucks and buses, chlor-alkali industry, waste container industry and more. This widespread spectrum can be attributed to the product’s high impact, temperature, and corrosion resistant properties. Combined with R-RIM, reinforced DCPD has enabled new concepts for construction designs and benefitted designers and engineers with improved dimensional stability and increased rigidity. Reinforced dicyclopentadiene industry has thus witnessed significant propulsion and is expected to continue its exponential performance with increased profitability over 2017-2024.
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.
Major Point From Table Of Content:
Chapter 5. Dicyclopentadiene Market, By Application
5.1. Global dicyclopentadiene market share by application, 2016 & 2024
5.2. Unsaturated polyester resin
5.2.1. DicyclopentadieneMarket estimates and forecasts, 2013 - 2024
5.2.2. Dicyclopentadiene Market estimates and forecasts by region, 2013 – 2024
5.3. Hydrocarbon resins
5.3.1. Dicyclopentadiene Market estimates and forecasts, 2013 - 2024
5.3.2. Market estimates and forecasts by region, 2013 – 2024
5.4. EPDM elastomers
5.4.1. Market estimates and forecasts, 2013 - 2024
5.4.2. Market estimates and forecasts by region, 2013 – 2024
5.5. Cyclic Olefin Polymer (COP) & Copolymer (COC)
5.5.1. Market estimates and forecasts, 2013 - 2024
5.5.2. Market estimates and forecasts by region, 2013 – 2024
5.6. Poly-DCPD
5.6.1. Market estimates and forecasts, 2013 - 2024
5.6.2. Market estimates and forecasts by region, 2013 – 2024
5.7. Others (pesticides, flame retardants, etc.)
5.7.1. Market estimates and forecasts, 2013 - 2024
5.7.2. Market estimates and forecasts by region, 2013 – 2024
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/dicyclopentadiene-dcpd-market
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