MarketResearch.biz has recently published its market research report titled, “Global Dicyclopentadiene Market by Grade, by Application, by End-use Industry, and by Region (North America, Europe, Asia Pacific, South America, and Middle East & Africa) – Global Forecast from 2020 to 2029”. The report offers a deep-dive analysis of the global dicyclopentadiene market. It is through systematic and exhaustive research efforts, both primary and secondary, as well as ideal segmentation that the research results have been gleaned over the study period. The report also presents the first five-year cumulative revenue (2020–2024), which is projected to be valued at over US$ 3.5 Billion, and this is expected to increase quite significantly over the latter part of the five-year forecast period.
Dicyclopentadiene (DCPD) is a chemical compound produced by heating crude oil. Dicyclopentadiene have 10,975 Wh/l energy density and have properties such as colorless, waxy, and flammable solid or liquid. As chemical intermediate it is used as a hardener and dryer in linseed and soybean oil, insecticide, and in the production of EPDM (ethylene propylene diene monomer) elastomers, varnishes, and paints. Moreover, dicyclopentadiene is less hazardous material and has less adverse health effects.
Browse the full “Global Dicyclopentadiene (DCPD) Market By Grade, By Application, By End-Use Industry, And By Region (North America, Europe, Asia Pacific, South America, And Middle East & Africa) – Global Forecast From 2020 To 2029” report at https://marketresearch.biz/report/dicyclopentadiene-dcpd-market/
Global Dicyclopentadiene Market: Market Dynamics
Light weight property of DCPD is among the major factors expected to drive growth of the global dicyclopentadiene market. In addition, other properties of poly-DCPD such as chemical resistance, and high-impact resistance makes it useful in various applications across various end-use industries such as automotive, building and construction, plastics, and others, which is another major factor expected to propel growth of the global dicyclopentadiene market over the next 10 years. Increasing demand for lightweight vehicles due to their fuel efficiency is expected to result in higher demand for dicyclopentadiene over the 10-year forecast period.
However, high cost associated with production, and rising concerns regarding environmental issues such as release of waste water during exploration & production (E&P) activities are major factors that could restrain growth of the global dicyclopentadiene market. In addition, availability and adoption of phthalic anhydride as an alternative to DCPD is another factor that could challenge growth of the global dicyclopentadiene market over the 10-year forecast period.
The Asia Pacific market is expected to account for largest revenue share in the global dicyclopentadiene market over the 10-year forecast period, owing to rising number of resins and plastic industries, and inclining automobile sales in emerging countries, coupled with increasing demand for lightweight vehicles in the region. The market in North America projected to record second-largest share in terms of revenue in the global dicyclopentadiene market, due to rapidly growing end-use industries, combined with increasing demand for DCPD from adhesive and marine industries in the region. Europe and Latin America markets are expected to register moderately high revenue growth rate in the global dicyclopentadiene market over the 10-year forecast period.
Global Dicyclopentadiene Market: Market Forecast
The comprehensive research report comprises a complete forecast of the global dicyclopentadiene market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, the global dicyclopentadiene market revenue is projected to register a CAGR of 5.1% over the 10-year forecast period.
Global Dicyclopentadiene Market: Segmental Snapshot
The market report has been segmented on the basis of grade, application, end-use industry, and region. The grade segment includes high purity, polyester grade (UPR), hydrocarbon resin grade, and others. The application segment includes unsaturated polyester resin, hydrocarbon resins, ethylene propylene diene monomer (EPDM) elastomers, cyclic olefin copolymer & cyclic olefin polymer, poly-DCPD, and others. The end-use industry segment includes building & construction, automotive, marine, electrical & electronics, and others. The regions include North America, Europe, Asia Pacific, South America, and Middle East & Africa.
Grade: The polyester grade (UPR) segment is expected to record highest revenue share as compared to other segments. The high purity segment is projected to register highest CAGR of over 5.5%.
Application: The unsaturated polyester resin segment is expected to record highest revenue share as compared to other application segments in the global market. The hydrocarbon resins segment is projected to register highest CAGR of over 5.2%
End-use Industry: The building & construction industry segment is expected to record highest revenue share in the global market as compared to other segments. The automotive industry segment is projected to register highest CAGR of over 5.1%
Region: The Asia Pacific dicyclopentadiene market is expected to record largest revenue share in the global market, followed by North America market. The Asia Pacific market is projected to register highest growth of more than 4.4% over the 10-year forecast period.
Global Dicyclopentadiene Market: Competitive Analysis
The global dicyclopentadiene market research report includes profiles of some major players such as DowDuPont Inc., Chevron Corp. (Chevron Phillips Chemical Company LLC), Royal Dutch Shell PLC, JXTG Holdings Inc. (JXTG Nippon Oil & Energy), Exxon Mobil Corp., Henan Haofei Chemical Co. Ltd., Tokyo Chemical Industry Co. Ltd., Shandong Yuhuang Chemical Co. Ltd., Merck Group, and Sinopec Shanghai Petrochemical Company Limited.
“Global Dicyclopentadiene Market: Global Industry, Size, Share, Growth, Trends, and Forecast, 2020–2029” report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global dicyclopentadiene market for 2019–2029.
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