Dicyclopentadiene Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

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).

Dicyclopentadiene Market Snapshot

Market Summary - Dicyclopentadiene Market
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: >5 %

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Market Overview

The dicyclopentadiene market is expected to register a CAGR of more than 5% globally during the forecast period. 

  • 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 report includes:

Grade
DCPD Resin
DCPD UPR
DCPD High Purity
Application
Unsaturated Polyester Resin (UPR)
Hydrocarbon Resins
Ethylene Propylene Diene Monomer (EPDM) Elastomers
Cyclic Olefin
Poly-DCPD
Other Applications
End-user Industry
Building and Construction
Automotive and Marine
Electrical and Electronics
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
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.
  • There is a growing preference for lightweight automotive in vehicles, as they increase fuel efficiency in vehicles. Thus, it is expected to increase the demand for plastics and polymers from the automotive manufacturing industry, which may further accelerate the market growth of dicyclopentadiene.
  • However, the automotive industry is witnessing a decline in growth in 2020, which negatively impacts the demand for dicyclopentadiene, but from 2021, the automotive industry is expected to recover its growth in the market.
  • 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 market is fragmented in nature with a few major players and the presence of local players in the market. Some of the major companies are Braskem, Chevron Phillips Chemical Company, Cymetech (Sojitz Corporation), JXTG Nippon Oil & Energy Corporation, and Zeon Corporation, among others.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    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

  5. 5. MARKET SEGMENTATION

    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. 5.4.1.1 China

        2. 5.4.1.2 India

        3. 5.4.1.3 Japan

        4. 5.4.1.4 South Korea

        5. 5.4.1.5 Rest of Asia-Pacific

      2. 5.4.2 North America

        1. 5.4.2.1 United States

        2. 5.4.2.2 Canada

        3. 5.4.2.3 Mexico

      3. 5.4.3 Europe

        1. 5.4.3.1 Germany

        2. 5.4.3.2 United Kingdom

        3. 5.4.3.3 France

        4. 5.4.3.4 Italy

        5. 5.4.3.5 Rest of Europe

      4. 5.4.4 South America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 Rest of South America

      5. 5.4.5 Middle-East and Africa

        1. 5.4.5.1 Saudi Arabia

        2. 5.4.5.2 South Africa

        3. 5.4.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    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

      3. 6.4.3 Cymetech (Sojitz Corporation)

      4. 6.4.4 Gelest Inc.

      5. 6.4.5 JXTG Nippon Oil & Energy Corporation

      6. 6.4.6 Kolon Industries

      7. 6.4.7 Lyondellbesell

      8. 6.4.8 Nizhnekamskneftekhim

      9. 6.4.9 Merck KGaA

      10. 6.4.10 Sisco Research Laboratories Pvt. Ltd

      11. 6.4.11 The Chemical Company

      12. 6.4.12 Zeon Corporation

      13. 6.4.13 Dow

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    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.

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

Asia Pacific holds highest share in 2020.

Braskem, Cymetech (Sojitz Corporation), JXTG Nippon Oil & Energy Corporation, Chevron Phillips Chemical Company , Zeon Corporation are the major companies operating in Dicyclopentadiene Market.

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