“Global Dicyclopentadiene Market, by Grade (High Purity, Polyester Grade {UPR}, Hydrocarbon Resin Grade, Others), By Application, (Unsaturated Polyester Resin, Hydrocarbon Resins, Ethylene Propylene Diene Monomer {EPDM} Elastomers, Cyclic Olefin Copolymer & Cyclic Olefin Polymer, Poly-DCPD, Others), By End-Use Industry (Building & Construction, Automotive, Marine, Electrical & Electronics, Others), as well as by Region – Global Forecast 2020 to 2029.”, which offers a comprehensive view of the Global Dicyclopentadiene Market through systematic segmentation, covering every aspect of this target market. The 5-year (2020–2025) cumulative revenue of this market is projected to be over USD $866.4 Mn, and is estimated to increase moderately over the latter part of the forecast period.
Dicyclopentadiene (DCPD), is a chemical compound with the formula C₁₀H₁₂. At room temperature, it is a clear light yellow color liquid with an acrid odor. Dicyclopentadiene is coproduced in large quantities in the steam cracking of naphtha and gal oils to ethylene. It is majorly used resins, particularly, unsaturated polyester resins. It is also used in inks, adhesives, and paints.
Unsaturated polyester resins are increasingly being utilize for several applications in the construction industry, specifically in recent years, and the commissioning of various infrastructural projects, both small and large-scale, by respective authorities across the world on account of booming population figures is a major factor that is anticipated to surge prospects for additional revenue growth in the years ahead. Moreover, the increasing demand from individuals for the development of environmentally-friendly infrastructures is also a factor that is slated to further compliment the future market growth of this global industry. Additionally, the increasing adoption of dicyclopentadiene for several applications in the automotive sector and its corresponding expanding market footprint, owing to heightened levels of urbanization and industrialization, is another primary factor that is anticipated to further augment opportunities for increased revenue growth in the foreseeable future. The gradual mushrooming of other end-use sectors such as the marine and adhesives industries among others, is also expected to contribute to the overall presence of this industry. These aforementioned factors are some of the most crucial factors that are anticipated to play a critical role in catapulting the projected revenue of the Global Dicyclopentadiene Market to USD $1,065.1 Mn by 2029, at a CAGR of 5.4%.
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