Dicyclopentadiene (DCPD) Market Analysis by key Players The Dow Chemical Company, Braskem, LyondellBasell Industries Holdings B.V, Cymetech Corporation, NOVA Chemicals, Shell Chemicals, TCI Chemicals, Texmark Chemicals, Inc., Chevron Phillips Chemical Com
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1. The Dow Chemical Company
3. LyondellBasell Industries Holdings B.V
4. Cymetech Corporation
5. NOVA Chemicals
6. Shell Chemicals
7. TCI Chemicals
8. Texmark Chemicals
9. Chevron Phillips Chemical Company
10. Maruzen Petrochemical
11. China Petrochemical Corporation (Sinopec Group)
12. Nanjing Yuangang Fine Chemical Co.
13. Zibo Luhua Hongjin New Material Co. Ltd.
14. Sunny Industrial System GmbH
Growth Drivers are
1. Extensive usage of the product in automotive and marine sectors
2. Increasing demand for the product in other end-use industries
Hydrocarbon resins and polyester grade products are estimated to mutually hold more than half of the global market share over 2018-2024. This is because, these product grades are less expensive as compared to high purity grades and are extensively used to produce PSA tapes & labels, adhesives, specialty wax, and many products, owing to commendable mechanical properties along with viscoelasticity and corrosion resistance. Hydrocarbon resins segment is anticipated to accumulate over USD 190 million by 2024, owing to widespread product consumption across the end-use industries.
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Asian countries are the prime markets for dicyclopentadiene owing to the vigorous expansion of the manufacturing sector. The growing economies in the region has been observing a major growth across the automotive sector given the increased consumer spending pertaining to the rise in per capita income. Growing product consumption driven by the exponential automotive production will stimulate the industry trends.
The product features some of the efficient properties including high toughness, light-weight and corrosion resistance, which highly influences the manufacturing of automotive parts nowadays. Major countries are moving through a transition of enforcing strict regulations regarding the emission standards.
For instance, India is constantly improving its Bharat stage emission standards with BS6 being the latest one eyeing to reduce the automotive emissions. Similarly, other environmental standards to regulate the automotive manufacturing and control the air pollution levels across the region will drive product demand, fostering the Asia-pacific Dicyclopentadiene (DCPD) Market share.
Asia Pacific Dicyclopentadiene (DCPD) Market is projected to hold a revenue size of over USD 400 million by 2024. The region witnesses notable production and consumption of the UPR products which will drive the industry growth over 2018-2024. Significant UPR production in the countries like China and Japan coupled with the existence of well-established manufacturing sector in the region will augment the Asia Pacific dicyclopentadiene industry growth.
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The industry key players are The Dow Chemical Company, Braskem, LyondellBasell Industries Holdings B.V, Cymetech Corporation, NOVA Chemicals, Shell Chemicals, TCI Chemicals, Texmark Chemicals, Inc., Chevron Phillips Chemical Company, Maruzen Petrochemical, China Petrochemical Corporation (Sinopec Group), Nanjing Yuangang Fine Chemical Co.,, Zibo Luhua Hongjin New Material Co. Ltd., Sunny Industrial System GmbH
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