Dicyclopentadiene Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Dicyclopentadiene Market is segmented by Grade (DCPD Resin, DCPD UPR, and DCPD High Purity), Application (Unsaturated Polyester Resin (UPR), Hydrocarbon Resins, Ethylene Propylene Diene Monomer (EPDM) Elastomers, Cyclic Olefin, Poly-DCPD, and Other Applications), End-user Industry (Building and Construction, Automotive and Marine, Electrical and Electronics, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report offers market size and forecasts for dicyclopentadiene in terms of revenue (USD million) for all the above segments

Dicyclopentadiene Market Snapshot

Market Summary - Dicyclopentadiene Market
Study Period: 2016 - 2026
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: >5 %

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Market Overview

The dicyclopentadiene market is valued at USD 1191 million in 2020 and is expected to register a CAGR of more than 5% globally during the forecast period.

The market was negatively impacted by COVID-19 in 2020. In the automotive sector, dicyclopentadiene-based chemicals and resins are used for various applications, including manufacturing flame-resistance automotive parts, vehicle body panels, bumpers, spoilers or fenders, and others. In 2020, COVID-19 worse impacted the automobile sector as lockdowns were implemented across all countries, which resulted in an automotive production halt. For instance, according to the Organization Internationale des Constructeurs d'Automobiles (OICA), in 2020, the global automotive production (all vehicles) witnessed a decline of about ~15.8% Y-o-Y over the same period in 2019, reaching a total of 77.62 million vehicles, thereby declining the consumption of DCPD-based chemicals and resin in manufacturing various automotive parts, which, in turn, decreased the demand in the market studied.

  • Dicyclopentadiene (DCPD) is the dimer of cyclopentadiene that is produced through the Diels-Alder Reaction. It is a colorless, flammable substance with a camphor-like odor. The growing consumption of batteries and increasing use of dicyclopentadiene as industrial catalysts and solvents have been driving the market growth.
  • However, the high cost associated with the production of the dicyclopentadiene, increasing risk from substitutes, and the outbreak of the coronavirus across the world are likely to hinder the growth of the studied market.
  • The R&D activities to develop environment-friendly products, like bio-based ethylene propylene diene monomer (EPDM), owing to increasing concerns about the harmful effects of certain products on the environment are likely to provide opportunities for the dicyclopentadiene market over the next five years.
  • The Asia-Pacific region dominated the market across the world with consumption from countries, like China, Japan, and India.

Scope of the Report

The dicyclopentadiene market is segmented by grade, application, end-user industry, and geography. By grade, the market is segmented into DCPD Resin, DCPD UPR, and DCPD High Purity. By application, the market is segmented into Unsaturated Polyester Resin (UPR), Hydrocarbon Resins, Ethylene Propylene Diene Monomer (EPDM) Elastomers, Cyclic Olefin, Poly-DCPD, and Other Applications. By end-user industry, the market is segmented into Building and Construction, Automotive and Marine, Electrical and Electronics, and Other End-user Industries. The report also covers the market size and forecasts for the dicyclopentadiene in 15 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of revenue (USD million).

DCPD Resin
DCPD High Purity
Unsaturated Polyester Resin (UPR)
Hydrocarbon Resins
Ethylene Propylene Diene Monomer (EPDM) Elastomers
Cyclic Olefin
Other Applications
End-user Industry
Building and Construction
Automotive and Marine
Electrical and Electronics
Other End-user Industries
South Korea
Rest of Asia-Pacific
North America
United States
United Kingdom
Rest of Europe
South America
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

Unsaturated Polyester Resin (UPR) is Expected to Dominate the Market

  • Unsaturated polyester resin stands to be the dominating segment owing to increasing applications in the electrical, bathroom components, and marine industries.
  • Simple processing, fine mechanical property, chemical-erosion resistance, and electricity performance are the key characteristics of UPR, which make it suitable for wide applications in agriculture, transportation, and other industrial applications, which in turn, augments the demand for UPR in the market.
  • Unsaturated polyester resin is used as a key ingredient in manufacturing paints and coatings, adhesives, rubber, pesticides and insecticides, varnishes, modified wax, and other non-woven products, due to its superior mechanical and functional characteristics.
  • Unsaturated polyester resin is extensively used in the construction industry. The construction industry is witnessing growth in Asia, the Middle-East, and North America due to an increase in investments in the residential and non-residential sectors for the construction of new infrastructure and eco-friendly buildings.
  • Among grades, the UPR grade has an edge over resin grade, owing to superior color properties and the smaller number of trimmers and co-dimers associated. Other than this, the high purity grade is also expected to witness good growth due to rising consumption in the production of flavorants, fragrances, cyclic olefin co-polymers, and antioxidants.
  • All the aforementioned factors are expected to drive the dicyclopentadiene market during the forecast period.
Dicyclopentadiene Market Revenue Share

Asia-Pacific Region is Expected to Dominate the Market

  • The Asia-Pacific region stands to be the largest market for the dicyclopentadiene on account of the growing marine, plastics, and polymer industries. Moreover, the growing plastics and resins industry in the region is also expected to contribute to the demand for the market studied during the forecast period.
  • Dicyclopentadiene is used for manufacturing different types of resins, such as epoxy resins, aromatic hydrocarbon resins, phenolic resins, acrylates, lattices, unsaturated polyester resins, specialty resins, and other specialty intermediates. The Asian region, especially countries like China, Japan, and India, have established chemical industries.
  • Hydrocarbon resin is used in the manufacture of printing inks, coatings, adhesives, rubber goods, and caulking compounds. China is the largest producer of paints and coatings, adhesives, and rubber goods in the region. Japan and South Korea also contribute significantly to the adhesives and rubber production in the region.
  • China accounts for more than one-fourth of the global coatings market presently. According to the China National Coatings Industry Association, the industry has been registering a growth of 7% through recent years. It was estimated that from 2019, the construction of at least ten large coatings investment projects in China had been reported publicly. Nippon has been tapping into this market situation by upgrading its coatings production process in its new plants in China.
  • In May 2021, PPG announced the completion of its USD 13 million investment in its Jiading, China paint and coatings facility, including eight new powder coating production lines and an expanded powder coatings technology center that is expected to enhance PPG’s research and development capabilities. The expansion is likely to increase the plant’s capacity by more than 8,000 metric ton per year.
  • In India, over 65% of the rubber produced is used for manufacturing automotive (50%) and bicycle tires and tubes (15%), 12% for footwear, 6% for belts and hoses, and 17% for other products.
  • The country is the sixth-largest producer of natural rubber across the globe and has a production capacity of approximately 900,000 ton. The rubber import has been continuously increasing in the country with the rising demand, and the consumption is projected to reach 1.2 million ton by the end of 2025
  • Hence, all such market trends are expected to drive the demand for dicyclopentadiene in the region during the forecast period.
Dicyclopentadiene Market Regional Trends

Competitive Landscape

The global dicyclopentadiene (DCPD) market is partially fragmented, with no top player capturing a significant share in the market studied globally. Some of the major companies are Braskem, Chevron Phillips Chemical Company, ENEOS Holdings Inc., Dow, and Zeon Corporation, among others.

Recent Developments

  • In October 2021, Ravago Chemicals acquired KH Chemicals. With KH Chemicals, Ravago will substantially strengthen companies’ offerings in the domain of Base Chemicals.

Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Drivers

      1. 4.1.1 Rising UPR Application

      2. 4.1.2 Growing Plastic and Resins Industry

    2. 4.2 Restraints

      1. 4.2.1 High Cost Associated with Production of Dicyclopentadiene

      2. 4.2.2 Increasing Risk from Substitutes

      3. 4.2.3 Unfavorable Conditions Arising Due to COVID-19 Outbreak

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Degree of Competition


    1. 5.1 Grade

      1. 5.1.1 DCPD Resin

      2. 5.1.2 DCPD UPR

      3. 5.1.3 DCPD High Purity

    2. 5.2 Application

      1. 5.2.1 Unsaturated Polyester Resin (UPR)

      2. 5.2.2 Hydrocarbon Resins

      3. 5.2.3 Ethylene Propylene Diene Monomer (EPDM) Elastomers

      4. 5.2.4 Cyclic Olefin

      5. 5.2.5 Poly-DCPD

      6. 5.2.6 Other Applications

    3. 5.3 End-user Industry

      1. 5.3.1 Building and Construction

      2. 5.3.2 Automotive and Marine

      3. 5.3.3 Electrical and Electronics

      4. 5.3.4 Other End-user Industries

    4. 5.4 Geography

      1. 5.4.1 Asia-Pacific

        1. China

        2. India

        3. Japan

        4. South Korea

        5. Rest of Asia-Pacific

      2. 5.4.2 North America

        1. United States

        2. Canada

        3. Mexico

      3. 5.4.3 Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Italy

        5. Rest of Europe

      4. 5.4.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.4.5 Middle-East and Africa

        1. Saudi Arabia

        2. South Africa

        3. Rest of Middle-East and Africa


    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share (%)/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Braskem

      2. 6.4.2 Chevron Phillips Chemical Company LLC

      3. 6.4.3 Cymetech (Sojitz Corporation)

      4. 6.4.4 Dow

      5. 6.4.5 ENEOS Corporation

      6. 6.4.6 KH Chemicals

      7. 6.4.7 Kolon Industries Inc.

      8. 6.4.8 LyondellBasell Industries Holdings BV

      9. 6.4.9 Merck KGaA

      10. 6.4.10 NOVA Chemicals

      11. 6.4.11 PJSC Nizhnekamskneftekhim

      12. 6.4.12 Royal Dutch Shell

      13. 6.4.13 Shandong Qilong Chemical Co. Ltd

      14. 6.4.14 Sinopec Shanghai Petrochemical Co. Ltd

      15. 6.4.15 YEOCHUN NCC CO. LTD

      16. 6.4.16 ZEON Corporation

    5. *List Not Exhaustive

    1. 7.1 R&D Activities to Develop Environment-friendly Substitutes

    2. 7.2 Other Opportunities

**Subject to Availability

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Frequently Asked Questions

The Dicyclopentadiene Market market is studied from 2016 - 2026.

The Dicyclopentadiene Market is growing at a CAGR of >5% over the next 5 years.

The Dicyclopentadiene Market is valued at 1191 Million USD in 2016.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

Braskem, Chevron Phillips Chemical Company, Zeon Corporation, Dow are the major companies operating in Dicyclopentadiene Market.

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