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Increasing demand for lightweight automotive to accelerate demand in global dicyclopentadiene market
Increasing demand for lightweight automotive to accelerate demand in global dicyclopentadiene market
The global dicyclopentadiene (DCPD) market is highly fragmented due to the presence of various large and small players operating in the market,

Theglobal dicyclopentadiene (DCPD) market is highlyfragmented due to the presence of various large and small players operating inthe market, observes Transparency Market Research.  Competition amongthese players is also expected to rise in the coming years. Leading players inthe market are adopting new strategies such as collaboration, mergers,partnership, and other to get a firm hold in the market. For instance, DowChemical Company merged with E.I. du Pont de Nemours & Company (DuPont) andstarted DowDuPont. This merger will result in strengthening their position andwill fuel growth in the global dicyclopentadiene market.  Few otherplayers in the global dicyclopentadiene market are Chevron Philips ChemicalCompany, Shell Chemicals, Maruzen Petrochemical, Zibo Lujua Hongjin NewMaterial 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.

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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.

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.

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GrowingDicyclopentadiene Application in Resins Manufacturing to Fuel MarketsGrowth 

Developments takingplace in the plastic and resins industries are likely to expand the globaldicyclopentadiene market in the forthcoming years. Significant rise in theplastic industry in Asia Pacific has boosted demand for dicyclopentadiene thus,contributing a promising rise to the global dicyclopentadiene market.Dicyclopentadiene is used for manufacturing different types of resins such asepoxy resins, aromatic hydrocarbon resins, phenolic resins, acrylates,lattices, unsaturated polyester resins, specialty resins, and other specialtyintermediates, which has further augmented demand in the globaldicyclopentadiene market.

Adding further to thegrowth prospects in the global dicyclopentadiene market is the growing use ofpoly-DCTD. The demand for poly-DCTD is rising due to its lightweight propertiesthat do not hamper performance of vehicle. Growing preference for lightweightautomotive in vehicles, as they increases fuel efficiency in vehicles. Thesefactors have accelerated demand for dicyclopentadiene in automotive industry.

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Shifting Trendstowards Renewable Sources Might Challenge Growth in Dicyclopentadiene Market

Environmental concernsrelated with the use of exploration & production activities along withwastewater treatment in oil recovery are the major reasons deterring the growthin the global dicyclopentadiene market. High cost of production andmanufacturing of dicyclopentadiene might obstruct the growth in this market.Additionally, shifting trends towards renewable sources is another factor thatmight challenge the market’s performance. Rising use of phthalic anhydride as aDCPD substitute in building boats is another restraint needs to be tailored.

The study presentedhere is based on a report by Transparency Market Research (TMR) titled“Dicyclopentadiene (DCPD) Market (Application - Unsaturated Polyester Resin,Hydrocarbon Resin, Ethylene Propylene Diene Monomer (EPDM) Elastomers, CyclicOlefin Polymer (COP) and Cyclic Olefin Copolymer (COC), Poly DCPD, Pesticide,and Flame Retardant) - Global Industry Analysis, Size, Share, Growth, Trends,and Forecast 2017 - 2025”.

The globaldicyclopentadiene (DCPD) market is segmented based on:

Application

·        Unsaturated Polyester Resin

·        Hydrocarbon Resins

·        EPDM Elastomers

·        COC & COP

·        Poly-DCPD

Regional

·        NorthAmerica

o    U.S.

o    Rest of North America

·        Europe

o    France

o    U.K.

o    Spain

o    Germany

o    Italy

o    Rest of Europe

·        AsiaPacific

o    China

o    Japan

o    ASEAN

o    Rest of Asia Pacific

·        LatinAmerica

o    Brazil

o    Mexico

o    Rest of Latin America

·        MiddleEast & Africa (MEA)

o    GCC

o    South Africa

o    Rest of MEA