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Dicyclopentadiene abbreviated as DCPD, is an organic compound with formula C10H12. At standard room temperature it is observed as a colorless crystalline solid with acrid odor. It is generally coproduced in steam cracking of naptha and gas oil to ethylene. It is used in production of resins, inks, polyester resins, adhesives and paints. It is also used as important viable chemical for various products.
Increasing demand for dicyclopentadiene in manufacturing resins like polyester, epoxy, phenolic specialty, hydrocarbon and unsaturated polyester resin shall drive the market. Additionally, the increasing scope of application of dicyclopentadiene such as varnishes, paints, elastomers, flame retardants, metallocenes, pesticides and others shall positively impact market growth.
However, dicyclopentadiene is use in several exploration and production activities. Increasing concerns regarding the breakdown and buildup of chemicals in environment is expected to hinder the market growth.
Key Market Driver -
Increasing demand for plastic from end-use sector.
Key Market Restraint -
Environmental concerns associated with E&P activities.
Based on grade the market is segmented into high purity, UPR, and resin grade. Based on end-user industry, market is segmented into construction, automotive, electrical & electronic, and others.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The global Dicyclopentadiene market consists of global & regional players operating. Some of the key players in the market include, Dow Chemical Company, Kolon, LyondellBasell, Fushun Yikesi New Material Co. Ltd, Braskem SA, JX Nippon Oil & Energy Corp, ExxonMobil Chemical, Cymetech Corporation, Zeon, Chevron Phillips, and others.
The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to hold the prime share in market. Increasing government initiatives for construction sector in emerging economies like India and China shall support market growth. North America is expected to hold significant share due to the large manufacturing base for paints & varnishes. Europe is expected to show significant growth due to the increasing demand from industrial sector. Latin America and Middle East & Africa shall exhibit sluggish growth by the end of forecast period.
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