Market Size of Dicyclopentadiene Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 5.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Dicyclopentadiene (DCPD) Market Analysis
The dicyclopentadiene market is expected to register a CAGR of more than 5.5% globally during the forecast period (2022-2027).
The market was negatively impacted by COVID-19 in 2021. The pandemic negatively impacted various end-user industries of dicyclopentadiene, thereby declining the consumption of DCPD-based chemicals. However, the market excepted to retain its growth trajectory in the coming years.
- 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 dicyclopentadiene and the increasing risk from substitutes 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.
