Dicyclopentadiene Market Analysis | 2023-2028

Market Insights

The dicyclopentadiene market was estimated at USD 0.9 billion in 2022 and is likely to grow at a CAGR of 5.5% during 2023-2028 to reach USD 1.2 billion in 2028.

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Market Dynamics

Introduction

Dicyclopentadiene is the dimer of cyclopentadiene produced through the Diels-Alder Reaction. It is a colorless, flammable liquid or solid with a camphor-like odor. DCPD products are used in a wide variety of resins, such as unsaturated polyester resin, epoxy resin, hydrocarbon resin, and phenolic resin. Apart from resins, DCPD is also used to produce paints, varnishes, insecticides, elastomers, flame retardants for plastics, and hot melt adhesives.

DCPD is principally available in three grades: Resin grade, UPR grade, and High purity grade. Resin grade is mainly used to produce cyclo aliphatic and C5/C9 whereas UPR grade is used to produce unsaturated polyester resins; and high purity grade is mainly used to produce antioxidants, flavors & fragrances, and cyclic olefin copolymers. Resin grade and high-purity grades can also be used to produce unsaturated polyester resins.

Market Drivers

Dicyclopentadiene (DCPD) is a highly versatile chemical that is widely used in a variety of industrial applications, including the production of resins, plastics, and coatings. As such, there is a strong demand for DCPD in the global market, and drivers for this market include:

• Increasing demand for plastics and resins: DCPD is a key raw material in the production of various plastics and resins, including unsaturated polyester resins, which are used in a wide range of applications such as building materials, automotive parts, and marine equipment. As the demand for these products continues to grow, so does the demand for DCPD.
• Growing construction industry: DCPD is used in the production of a range of building materials, including concrete additives, coatings, and adhesives. As the global construction industry continues to expand, particularly in emerging economies, the demand for DCPD is expected to rise.
• Increased use in the automotive industry: DCPD is used in the production of automotive parts, including bumpers, body panels, and dashboards. With the global automotive industry experiencing steady growth, the demand for DCPD in this sector is also expected to increase.
• Technological advancements: Technological advancements in DCPD production, such as the use of metathesis technology, have led to improved production efficiencies and higher purity levels, making DCPD more attractive to a wider range of end-users.
• Growing demand for renewable energy: DCPD is used in the production of wind turbine blades, which are essential components of renewable energy infrastructure. As the demand for renewable energy continues to grow, so does the demand for DCPD in this sector.

Segments Analysis

By Application Type

Unsaturated polyester resins are expected to remain the growth engine of the global market during the forecast period. It is a material of choice in a wide array of industries, such as building & construction, automotive, marine, and electrical & electronics. It is a low-cost option and excels in the price vs performance requirement of most composite applications.

Hydrocarbon resin is likely to remain the second-largest application of the global market in the next five years, driven by increasing usage in adhesives, coatings, printing inks, and rubber goods.

By End-Use Industry Type

The Building & Construction segment is expected to remain the largest end-user of DCPD during the forecast period. Increasing residential activities in the Asia-pacific and the middle east regions and rebounding housing starts in the USA are some of the major drivers of the market.

The Automotive segment is expected to experience the fastest growth for the same period, driven by the lightweight requirement caused by stringent government regulations to increase fuel efficiency and reduce carbon emissions. Automakers are incorporating lightweight materials including polyester resins-based parts to achieve the set targets.

Regional Insights

The Asia-Pacific region is expected to remain the largest market during the forecast period. The region is also likely to exhibit the fastest growth rate over the next five years, driven by the increasing use of DCPD in end-user industries, mainly automotive, building & construction, and electrical & electronics.

The rise in demand for lightweight materials in the automotive industry, the increase in polyester resin usage in the electrical and electronic components such as meter boxes and distribution boxes, and the higher use of polyester resin in key building & construction applications such as bathtubs and swimming pools are driving the Asia-Pacific region.

The penetration rate of DCPD in Japan is already high due to the increasing use of polyester resins in major markets whereas the penetration rate in China and India is still low and growing at a good pace. Both countries will continue to propel the demand for DCPD in the coming years.

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Key Players

The supply chain of this market comprises derivative suppliers, DCPD manufacturers, polyester resin manufacturers, composite part manufacturers, OEMs, and end-users.

Some of the major players in the market are:

• Braskem SA
• Chevron Phillips Chemical Company
• Fushun Yikesi New Material Co. Ltd
• Lyondell Basell
• Maruzen Petrochemical
• Shanghai Petrochemical
• Shell Chemicals
• The Dow Chemical Company
• Zibo Luhua Hongjin New Material Co. Ltd.

Note: The above list does not necessarily include all the top players in the market.

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Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s dicyclopentadiene market realities and future market possibilities for the forecast period of 2023 to 2029. After a continuous interest in our dicyclopentadiene market report from the industry stakeholders, we have tried to further accentuate our research scope to the dicyclopentadiene market to provide the most crystal-clear picture of the market. The report segments and analyses the market in the most detailed manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors

Market Segmentation

This report studies the market, covering a period of 12 years of trends and forecasts. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The dicyclopentadiene market is segmented into the following categories:

By Application Type

• Unsaturated Polyester Resin
• Hydrocarbon Resin
• EPDM Elastomers
• Cyclic Olefin Copolymer & Cyclic Olefin Polymer
• Poly-DCPD
• Others

By End-Use Industry Type

• Building & Construction
• Automotive
• Marine
• Electrical & Electronics
• Others

By Region

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Target Audience

The following is a list of the customers that the market aims to convert the most:

• Manufacturers
• Suppliers
• Distributors
• Organizations
• Government bodies

Critical Questions Answered in the Report

• What are the key trends in the market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the market?
• What are the key strategies adopted by the major vendors to lead in the market?
• What is the market share of the top vendors?

Customization Option

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: 

Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected].