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Dicyclopentadiene Market Size
Dicyclopentadiene (DCPD) Market size was valued at around USD 915.9 million in 2021 and is expected to grow at a CAGR of 5.7% from 2022 to 2030. Easy processing, chemical-erosion resistance, and adhesive & sealant properties make dicyclopentadiene applicable for agrochemical, industrial, and other commercial uses such as varnishes, as an intermediate in insecticides, paints, as a flame retardant in plastics, etc. The industry size is anticipated to cross 941.1 Kilo Tons by 2030 with a projected CAGR of 5.1% through the forecast period, in terms of volume.
Dicyclopentadiene is a cyclopentadiene dimer and is manufactured in huge quantities by the steam cracking of petroleum products such as naphtha, gas oils and crude oil to ethylene. DCPD polymer possesses excellent combination of impact strength and stiffness at very low density, also the product is resistant to acids and bases at all operating temperatures and has excellent electric insulation properties. It is appropriate for a variety of resins such as epoxy resin, hydrocarbon resin, unsaturated polyester resin, and phenolic resin.
| Report Attributes | Details |
|---|---|
| Base Year: | 2021 |
| Market Size in 2021: | 915.9 USD Million |
| Forecast Period: | 2022 to 2030 |
| Forecast Period 2022 to 2030 CAGR: | 5.7% |
| 2030 Value Projection: | 1,501.5 USD Million |
| Historical Data for: | 2018 to 2021 |
| No. of Pages: | 250 |
| Tables, Charts & Figures: | 342 |
| Segments covered: | Grade, Application, Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Besides resins, dicyclopentadiene is also used to produce varnishes, paints, elastomers, insecticides, hot melt adhesives, and flame retardants for plastics; therefore, the increasing need of public infrastructure, building, and construction activities along with the growing demand from automotive and marine sectors to improve trade connectivity will drive dicyclopentadiene market share.
DCPD resin with exclusive properties makes it a desired choice for vehicle coverings, such as hoods and shields, in addition to the outer bodies of trucks, cars, and machinery. The product is preferred over thermoplastic polymer in automotive and other industries as it meets the automotive challenges, providing cost-reduction on the assembly line by part consolidation. The product also offers a homogeneous and quality surface appearance that is possible with good tools.
DCPD parts achieve a high-quality finish and are ready to paint for the right image and sports look. In addition to this, its anti-corrosion property makes it appropriate for marine parts, i.e., suitable for caustic or chlorine industry such as the cell cover. High electrical insulation, low thermal conductivity, and complete chemical inertness to the reactants and products will also rise its usage in the marine sector.
Dicyclopentadiene is a by-product of ethylene, a petrochemical product. Gas oils, crude oil and naphtha are the basic raw material for the production of dicyclopentadiene and hence volatility in its price may ultimately affect the product cost. Due to this, end-users may also opt for phthalic anhydride and other substitutes. Likewise, price volatility of the raw materials will allow the manufacturers to opt for resins such as epoxy, vinyl ester, polyester, and other resins that satisfy properties of the product.
Dicyclopentadiene Market Analysis
The unsaturated polyester resin segment from dicyclopentadiene market is estimated to hold a market share of over 60% in terms of value by 2030 as unsaturated polyester resin is a vital polymer to produce glass Fiber Reinforced Plastics (FRP) that is consumed mainly by marine, construction, and transportation industries.
Moreover, it is also used in the production of casting resins (nonreinforced) that are used to make solid-surface countertops, automotive repair putty & ?ller, and other items such as gel coats, etc. DCPD unsaturated polyester resins are low-cost thermosetting resins, which captured a significant market share owing to their low styrene content and low shrinkage. They also provide improved processability, enhanced thermo-oxidative resistance, and lower linear shrinkage.
The high purity grade segment from dicyclopentadiene market will generate over USD 350 million by 2030. High purity grade is mostly used in the production of flavors & fragrances, ethyl norbornene, cyclic olefin co-polymers, and antioxidants. Additionally, it can also be used as a raw material in the production of resins for a wide variety of applications.
Ultra-high purity DCPD products providing above 98% purity form of dicyclopentadiene. Due to better property of high purity grade, DCPD products enhanced cost-performance and provide greater value. Ultra-high purity DCPD products have enhanced properties in applications and impart improved processing due to better reactivity, less waste in processing, production of higher quality, end products and improved physical & chemical properties of finished products.
Asia Pacific dicyclopentadiene market value will generate a demand of over 500 kilo tons by 2030. Japan is the largest consumer of dicyclopentadiene and other countries, including China, India, South Korea, and Indonesia, are expected to witness immense market growth due to the rising demand from the plastics industry and increasing usage of polyester resin in electrical & electronic components, building & construction applications, such as swimming pool and bathtub, along with its growing demand in the automotive & marine sector.
Dicyclopentadiene Market Share
The dicyclopentadiene industry is moderately consolidated with the presence of limited large-scale companies around the globe. Dicyclopentadiene manufacturers are focusing on enhancing their product portfolios and developing new technologies to capture the growing demand. Strategic joint ventures and partnerships are key initiatives in the global dicyclopentadiene market. Some of the
key manufacturers include:
- Braskem
- Chevron Phillips Chemical Company
- China Petrochemical Corporation
- Cymetech Corporation
- Maruzen Petrochemical
- LyondellBasell Industries Holdings B.V
- Nanjing Yuangang Fine Chemical Co
- NOVA Chemicals
- Royal Dutch Shell plc (Shell Chemicals)
- Sunny Industrial System GmbH
- Texmark Chemicals Inc
- The Dow Chemical Company
- Tokyo Chemical Industry Co., Ltd. (TCI Chemicals)
- Zibo Luhua Hongjin New Material Co.
The dicyclopentadiene market report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons and revenue in USD thousand from 2022 to 2030 for the following segments:
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By Grade
- High Purity grade
- Polyester grade (UPR)
- Hydrocarbon resin grade
- Other Grade
By Application
- Unsaturated Polyester Resin
- Hydrocarbon Resins
- EPDM Elastomers
- COC & COP
- Poly-DCPD
- Others (Pesticides, Flame retardants, etc.)
By Region
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Russia
- Asia Pacific
- China
- India
- Japan
- Australia
- Indonesia
- Malaysia
- South Korea
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- South Africa
- GCC
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