MarketStudyReport.com adds a new Dicyclopentadiene (DCPD) Market research report for the period of 2017-2024 focuses on the major drivers and restraints for the global key players providing analysis of the market share, segmentation, revenue forecasts and geographic regions of the market.
In recent years, dicyclopentadiene (DCPD) market has witnessed significant growth owing to the product’s deployment as a key raw material in the manufacturing of specialty resins that find applications across numerous sectors. The construction, automotive, and electronics sectors have also largely adopted methods that involve DCPD in the process, thereby propelling dicyclopentadiene market expansion. Indeed, DCPD finds usage in the production of high quality resins that find significant application in the manufacturing of specialty electronics, lenses, optical disks and high-quality films. It goes without saying that the expansion of specialty resins industry will positively affect the growth of dicyclopentadiene market.
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Dicyclopentadiene market has found a novel and profitable growth avenue through the use of highly purified DCPD in the construction industry. Polydicyclopentadiene finds wide applications in not only the construction industry but also in the manufacturing of agricultural and construction equipment, body panels for trucks and buses, chlor-alkali industry, waste container industry and more. This widespread spectrum can be attributed to the product’s high impact, temperature, and corrosion resistant properties. Combined with R-RIM, reinforced DCPD has enabled new concepts for construction designs and benefitted designers and engineers with improved dimensional stability and increased rigidity. Reinforced dicyclopentadiene industry has thus witnessed significant propulsion and is expected to continue its exponential performance with increased profitability over 2017-2024.
Speaking of R-RIM or reinforced reaction injection molding, it is essential to mention that this process has majorly contributed to the expansion of dicyclopentadiene industry. DCPD reaction injection molding enables the widespread application of DCPD in the automotive industry, as RIM-DCPD is capable of creating large and complex automotive parts quickly and efficiently. Incidentally, DCPD has a number of advantages over traditional material like steel and even thermoplastic polymers. Featuring exceptional weight to strength ratio, DCPD parts are virtually unbreakable, owing to which they have come to be used in body panels, bumpers, spoilers and fenders.
Speaking along similar lines, DCPD light weight makes it environmentally beneficial and fuel efficient, heavily expanding its scope in the automotive domain. With automakers struggling to abide by stringent regulations to bring down automobile emission, DCPD naturally emerges as the product of choice to be used in automobile production. Besides being fuel efficient, DCPD has been found to be cost efficient as well as its molds can be used to create complex designs.
Asia Pacific has come to be a pivotal revenue ground for DCPD market, given that the region is a major hub for the construction and automotive industries. Asia Pacific accounted for more than 45% of the total dicyclopentadiene market share in 2016, a figure that is expected to increase as the region expands its industrial base. As DCPD finds expansive application as a raw material in the production of polyester and hydrocarbon resins, APAC dicyclopentadiene industry will witness expansion through the use of these resins in the paint, printing and adhesive industries as well. North America on the other hand, had accounted for 25% of the dicyclopentadiene market share in 2016 due to the substantial consumption of DCPD in myriad sectors and the presence of numerous chemical companies in the region.
The battle against environmental degeneration due to the use of harmful chemicals has encouraged players in the chemical industry to test and develop novel chemical compounds. DCPD seems to have emerged to be one such beneficial and useful chemical compound, thereby propelling dicyclopentadiene market share. In 2016 alone, dicyclopentadiene market size was pegged at $550 million. Powered by the product’s widespread deployment across numerous geographies, dicyclopentadiene industry is expected to register a CAGR of 4.5% over 2017-2024.
- Extensive usage of the product in automotive and marine sectors
- Increasing demand for the product in other end-use industries
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Related Reports: –
Global Dicyclopentadiene (DCPD) Market Research Report 2018
In this report, the global Dicyclopentadiene (DCPD) market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2017 and 2025.
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