Dicyclopentadiene Market Growth, Latest Trends & Forecast 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “Dicyclopentadiene Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global dicyclopentadiene market growth, share, size, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the Dicyclopentadiene Market?
The global dicyclopentadiene market size reached US$ 782.1 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,054.0 Million by 2028 exhibiting a growth rate (CAGR) of 4.9% during 2023-2028.
Dicyclopentadiene (C10H12) is a hydrocarbon compound that is a bicyclic diene composed of two cyclopentadiene rings fused together. It appears liquid in normal room temperatures and possesses an acrid odor. It can be polymerized to produce a thermosetting resin that is commonly used in the production of automotive parts and electrical components. It is utilized as a chemical intermediate to produce certain pesticides and resins. It is also employed as a flame retardant in plastics and in the production of elastomer resin systems, varnishes, and ferrocene compounds.
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What are the growth prospects and trends in the dicyclopentadiene industry?
At present, the increasing utilization of C10H12 as industrial catalysts and solvents represents one of the primary factors influencing the market positively. Besides this, the rising demand for environment friendly products, such as biobased C10H12, is propelling the growth of the market.
In addition, the growing employment of unsaturated polyester resins in manufacturing paints and coatings, adhesives, rubbers, and modified wax is offering a favorable market outlook. Apart from this, the increasing employment of plastics in manufacturing a wide variety of daily-use products, containers, toys, tools, and coverings is supporting the growth of the market.
Additionally, the rising adoption of C10H12 as a hardener and dryer in linseed and soybean oil production is bolstering the growth of the market.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
· DCPD UPR Grade
· DCPD Resin Grade
· DCPD High Purity
Breakup by Application:
· Unsaturated Polyester Resin
· Hydrocarbon Resins
· Ethylene Propylene Diene Monomer (EPDM) Elastomers
· Cyclic Olefin Copolymer (COC) and Cyclin Olefin Polymer (COP)
· Poly-DCPD
· Others
Breakup by End User:
· Building and Construction
· Automotive
· Marine
· Electrical and Electronic
Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
Cymetech Corporation (Sojitz Corporation), Dow Inc., KH Chemicals, Kolon Industries Inc., LyondellBasell Industries N.V., Merck KGaA, NOVA Chemicals Corporation, Royal Dutch Shell plc, Shandong Qilong Chemical Co.Ltd., Texmark Chemicals Inc. (Chemical Exchange Industries Inc.), Yeochun NCC Co. Ltd. (Hanwha Group) and ZEON Corporation.
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