Theglobal dicyclopentadiene (DCPD) market ishighly fragmented due to the presence of various large and small playersoperating in the market, observes Transparency Market Research. Competition among these players is also expected to rise in the comingyears. Leading players in the market are adopting new strategies such ascollaboration, mergers, partnership, and other to get a firm hold in themarket. For instance, Dow Chemical Company merged with E.I. du Pont de Nemours& Company (DuPont) and started DowDuPont. This merger will result in strengtheningtheir position and will fuel growth in the global dicyclopentadienemarket. Few other players in the global dicyclopentadiene market areChevron Philips Chemical Company, Shell Chemicals, Maruzen Petrochemical, ZiboLujua Hongjin New Material Co. Ltd. and LyondellBasell.
Theglobal dicyclopentadiene market is anticipated to reach US$0.902 bn by the endof 2025 progressing from US$ 0.56 bn earned in 2016. To reach this valuation,the market is projected to rise at 5.5% CAGR over the projected tenure.
Applicationof dicyclopentadiene is likely to rise in EPDM elastometers and hydrocarbonresins segments. EPDM elastometers provides incomparable resistance to heat,steam, ozone, and water, which has increased use of dicyclopentadiene in thissegment. Moreover, the demand for unsaturated polyester resins also increaseddue to its outstanding mechanical and functional properties such as heatresistance, corrosion, and low weight. These factors increased use ofdicyclopentadiene in these two segments and drive the overall demand in theglobal dicyclopentadiene market.
Request Sample
Geographically,North America is projected to lead the market on the account of growing marine,plastics, and polymer industries. However, strict regulations on exposure toDCPD might deter growth of dicyclopentadiene in Europe. On the other hand, AsiaPacific is projected to fuel demand in the global dicyclopentadiene market dueto increasing development in infrastructure and construction industries.
GrowingDicyclopentadiene Application in Resins Manufacturing to Fuel MarketsGrowth
Developments taking place in the plastic and resins industriesare likely to expand the global dicyclopentadiene market in the forthcomingyears. Significant rise in the plastic industry in Asia Pacific has boosteddemand for dicyclopentadiene thus, contributing a promising rise to the globaldicyclopentadiene market. Dicyclopentadiene is used for manufacturing differenttypes of resins such as epoxy resins, aromatic hydrocarbon resins, phenolicresins, acrylates, lattices, unsaturated polyester resins, specialty resins, andother specialty intermediates, which has further augmented demand in the globaldicyclopentadiene market.
More Trending Reports
Adding further to the growth prospects in the globaldicyclopentadiene market is the growing use of poly-DCTD. The demand forpoly-DCTD is rising due to its lightweight properties that do not hamperperformance of vehicle. Growing preference for lightweight automotive invehicles, as they increases fuel efficiency in vehicles. These factors haveaccelerated demand for dicyclopentadiene in automotive industry.
Shifting Trendstowards Renewable Sources Might Challenge Growth in Dicyclopentadiene Market
Environmental concerns related with the use of exploration &production activities along with wastewater treatment in oil recovery are themajor reasons deterring the growth in the global dicyclopentadiene market. Highcost of production and manufacturing of dicyclopentadiene might obstruct thegrowth in this market. Additionally, shifting trends towards renewable sourcesis another factor that might challenge the market’s performance. Rising use ofphthalic anhydride as a DCPD substitute in building boats is another restraintneeds to be tailored.
Buy Now
https://www.transparencymarketresearch.com/checkout.php?rep_id=2369<ype=S
The sustainability aspects have dramaticallychanges the raw material sourcing strategies for many businesses in the Dicyclopentadiene (DCPD) Market. Players have become more responsibletoward reducing or managing the waste, are adopting material informaticsequipped with artificial intelligence (AI), and adopting energy-efficientproduction processes in order to maximize returns on invested capital.
Regulations, both region-specific andglobal, have made massive influence on the microeconomics of the materials andchemicals sector. Governments are intent on promoting the reduce the carbonfootprint of the entire chemical and materials manufacturing. As a result,forward-looking organizations in the Dicyclopentadiene(DCPD) Market arefervently looking for ‘green’ or low-carbon footprint processes across theentire the value chain. The trend has gained huge momentum from the growingawareness among customers of the affects that chemicals have on the ecology andenvironment.
About Us
TransparencyMarket Research is a next-generation market intelligence provider, offeringfact-based solutions to business leaders, consultants, and strategyprofessionals.
Request Covid19analysis on this market
https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=2369
Ourreports are single-point solutions for businesses to grow, evolve, and mature.Our real-time data collection methods along with ability to track more than onemillion high growth niche products are aligned with your aims. The detailed andproprietary statistical models used by our analysts offer insights for makingright decision in the shortest span of time. For organizations that requirespecific but comprehensive information we offer customized solutions throughadhoc reports. These requests are delivered with the perfect combination ofright sense of fact-oriented problem solving methodologies and leveragingexisting data repositories.
TMR believes thatunison of solutions for clients-specific problems with rightmethodology of research is the key to help enterprises reach right decision.”
Contact
Transparency MarketResearch
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com
