openPR Logo
Press release

Global Dicyclopentadiene (DCPD) Market: Rising Demand for Lightweight Vehicles to Boost Consumption, says TMR

11-29-2017 07:00 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Global Dicyclopentadiene (DCPD) Market: Rising Demand

The global dicyclopentadiene (DCPD) market features a largely fragmented competitive landscape, with the leading five vendors in the market cumulatively accounting for a 41% of the overall market in 2016. The intense competition has compelled companies to focus on new regional markets and expansion of existing production sites. Strategic acquisition of regional and local manufacturers, and addition of sales and distribution channels are other key growth strategies opted by manufacturers wishing to strengthen their hold on the market.

For instance, in 2016, Braskem, one of the key manufacturers of LDPE started operations in Veracruz State, South of the Gulf of Mexico with the joint venture Braskem Idesa. The company expects the production of 300 kilo tons of LDPE every year, adding to its present global capacity.

Request Sample Copy of the Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2369

Transparency Market Research estimates that the global dicyclopentadiene market, valuing at US$561.8 mn in 2016, will exhibit a 5.5% CAGR from 2017 to 2025 and rise to a valuation of US$902.3 mn by 2025.

global dcpd market

Asia Pacific Market to Continue to Expand at Healthy Pace

Unsaturated polyester resin application dominated the global dicyclopentadiene market, accounting for a more than 40% volume share in 2016. This application is projected to grow at a CAGR of 5.3% from 2017 to 2025, retaining dominance. In terms of geography, the DCPD market in Asia Pacific held the dominant share of over 50% in the global market in terms of value in 2016. The regional market is expected to remain a highly attractive segment during the next few years as well. The region is estimated to offer lucrative opportunities for the DCPD market in the near future chiefly owing to the vast expansion of the lightweight vehicles market.

DCPD offers high strength, fatigue resistance, and stiffness and are therefore used to manufacture wind turbine blades, nacelles, blade shells, and rotor blades. Consumption of DCPD in wind blade manufacturing has significantly increased due to technological advancements in the past few years.

High Demand across Automotive Industry to Remain Key Growth Driver

Rise in demand for low-cost and energy-efficient vehicles that do not compromise upon performance is currently a huge challenge faced by OEMs. As decrease in vehicle weight helps meet the demand for fuel-efficient and low-cost vehicles, composites produced with the usage of poly-DCPD, which help bring down the weight of vehicles substantially without compromising upon the performance of the vehicle, are often preferred. Thus, the rise in demand for composite-based wind blades and towers and fuel efficient lightweight vehicles are likely to remain the key drivers of the global DCPD market during the forecast period.

Request for Customization @ https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=2369
High Costs to Slightly Affect Market Growth Prospects

One of the key restraints hindering the overall growth prospects of the global DCPD market is the high cost of processing involved in producing high purity DCPD. DCPD recovered from the process of naphtha cracking contains different amounts of co-dimers. These co-dimers carry the risk of reacting with other raw materials during the production of unsaturated polyester resins. The presence of these impurities necessitates advanced processing so as to avoid unwanted secondary reactions in DCPD processing, leading to increased process cost. This factor is expected to hamper the DCPD market in the near future.

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact Us

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: www.transparencymarketresearch.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Dicyclopentadiene (DCPD) Market: Rising Demand for Lightweight Vehicles to Boost Consumption, says TMR here

News-ID: 836333 • Views: 145

More Releases from Transparency Market Research

Voltage Detectors Market – Evolving Technology Trends and Industry SWOT Analys …
The global voltage detectors market includes large number of players. Some of the key players are Texas Instruments, Toshiba, ROHM Semiconductor Sharp Microelectronics, Analog Devices Inc., STMicroelectronics, ON Semiconductor, Torex Semiconductor, Taiwan Semiconductor and Seiko Instruments. Browse Our Report @ https://www.transparencymarketresearch.com/voltage-detectors-market.html Voltage Detector is a testing equipment generally used to determine the existence or absence of an electrical charge in an object. It is highly suggested for conditions where power issues exist.
Switched Capacitor Filters Market : Key Segments, Maket Insights, Regional Outlo …
Major players in the global switched capacitor filters market are Texas Instruments Incorporated, Analog Devices, Inc., Maxim Integrated, Inc., Siemens AG, Eaton Corporation, and among others. Browse Our Report @ https://www.transparencymarketresearch.com/switched-capacitor-filters-market.html A switched capacitor filter is an active filter based on the consideration that a switching of capacitors between two circuit nodes at an adequately high rate that is equivalent to a resistor connecting these two nodes. The switched capacitor filters are
Current Calibrator Market : Recent Industry Developments And Growth Strategies A …
Key players operating in the global current calibrator market include Valhalla Scientific, Rotek Inc., Time Electronics, PCE Instruments, Martel Electronics, AOIP Instrumentation, Extech Instruments, Yogokawa Test & Measurement Corporation, Extech Instruments, REED Instruments, Fluke Corporation, and others. These players are actively focusing on organic and inorganic growth strategies in order to gain a competitive advantage in the market. Some of the important strategies adopted by the leading players in the
Damp Meter Market – Outlook by Responsible Drivers, Restraints, Demand
Key players operating in the global damp meter market include PCE Instrument, Delmhorst Instrument Co., GENERAL TOOLS & INSTRUMENTS LLC, FLIR Systems, Inc. designs, Panomex Inc., These players are actively focusing on organic and inorganic growth strategies in order to gain a competitive advantage in the market. Some of the important strategies adopted by the leading players in the global market are collaborations, partnerships, agreements, and new product launches. The

All 5 Releases


More Releases for DCPD

Dicyclopentadiene (DCPD) Market Worth US$ 4.0 Million in 2021
Stratview Research announces the launch of a new research report on Dicyclopentadiene (DCPD) Market This extensive report from Stratview Research, studies the Dicyclopentadiene (DCPD) Market over the trend period of 2011 to 2015 and forecast period of 2016 to 2021. The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market. Click here to read
Global Dicyclopentadiene (DCPD) Market Services & Applications 2017
Qyresearchreports include new market research report "Global Dicyclopentadiene (DCPD) Market Professional Survey Report 2017" to its huge collection of research reports. This report on the global Dicyclopentadiene (DCPD) market has been developed by a selected group of professional market research analysts, with a solitary goal to present the current scenario of the market for Dicyclopentadiene (DCPD) and throw light on its growth prospects. The report targets audiences such as manufacturers of
Dicyclopentadiene (DCPD) Market Progresses for Huge Profits | 2025
The global dicyclopentadiene (DCPD) market features a largely fragmented competitive landscape, with the leading five vendors in the market cumulatively accounting for a 41% of the overall market in 2016. The intense competition has compelled companies to focus on new regional markets and expansion of existing production sites. Strategic acquisition of regional and local manufacturers, and addition of sales and distribution channels are other key growth strategies opted by manufacturers
Dicyclopentadiene (DCPD) Market to Reflect Impressive Growth Rate During 2025
The global dicyclopentadiene (DCPD) market features a largely fragmented competitive landscape, with the leading five vendors in the market cumulatively accounting for a 41% of the overall market in 2016. The intense competition has compelled companies to focus on new regional markets and expansion of existing production sites. Strategic acquisition of regional and local manufacturers, and addition of sales and distribution channels are other key growth strategies opted by manufacturers
Dicyclopentadiene (DCPD) Market
Dicyclopentadiene (DCPD) is a white crystalline substance which has a camphor-like odor. It is produced in bulk quantities from raw materials like crude oil, naphtha, and gas oils. Manufacturers are developing technologies and focusing on producing environmentally safe DCPD, which can comply to the stringent government policies related to environmental conservation. DCPD are used in manufacturing of lightweight vehicles because DCPD has unique properties such as low weight, corrosion resistant
Global Dicyclopentadiene (DCPD) Market: Industry Size, Share, Growth, Forecasts
Latest industry research report on: Global Dicyclopentadiene Market : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts Global Dicyclopentadiene (DCPD) Market: Overview DCPD is primarily used in the manufacturing of composite materials. Asia Pacific accounted for a major share of the global DCPD market in 2016. Prices of DCPD depends upon the purity levels of the product which ranges from 75% to 99%. High purity DCPD is mostly