The report is titled “Dicyclopentadiene (DCPD) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023” and is available on the company website for sale. The global dicyclopentadiene market is expected to be driven owing to the rising demand for DCPD in a large number of industries such as plastics, automotive, and building and construction over the report’s forecast period.
The global market for dicyclopentadiene (DCPD) is analyzed in great detail in a recent market research report published by Transparency Market Research. The report states that the market will exhibit moderate growth over the period between 2015 and 2023, and rise from a valuation of US$578 mn in 2014 to US$838 mn by 2023.
DCPD is known industrially as a highly reactive intermediate in the manufacturing of a variety of resins such as epoxies, aromatic hydrocarbons, unsaturated polyesters, and phenolics. As a result, the compound finds applications across a large number of industries. The rising demand for DCPD across industries such as automotive, plastics, and building and construction is projected to drive the global DCPD market during the forecast period.
The report segments the global DCPD market on the basis of two criteria: application and geography.On the basis of application, the market has been segmented into unsaturated polyester resins, cyclic olefin copolymer and cyclic olefin polymer (COC and COP), hydrocarbon resins, poly DCPD, and other applications such as flavor and fragrance intermediates, and pesticides. Of these, the segment of unsaturated polyester resins held the dominant share in the global market in terms of revenue and volume in 2014. The rising use of DCPD in the manufacturing of unsaturated polyester resins, particularly in the U.S. and China, is expected to propel the global DCPD market over the report’s forecast period.
However, rise in concerns regarding certain health issues resulting from the ingestion or inhalation of DCPD, especially in developed regional markets, is expected to hamper the market’s growth to a certain extent. Nevertheless, the rising interest of the aerospace industry in lightweight materials and high demand in a variety of applications in Asia Pacific are some factors that will offer immense growth opportunities for the market over the report’s forecast period.
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Of the key regional markets for DCPD examined in the report, Asia Pacific held the largest share in the global market in 2014. The steady rise in construction activities in the region is expected to drive the market in Asia Pacific over the report’s forecast period. Asia Pacific is also expected to be the fastest growing regional market for DCPD over the report’s forecast period. Growth of the market in North America, the region that held over 30% of the global DCPD market in 2014, is expected to be moderate over the report’s forecast period.
The report also presents a detailed overview of the competitive landscape of the global DCPD market. The highly fragmented market features a large number of DCPD producers and even the top five players had a combined share of nearly 25% in the market in 2014. Some of the major players in the market are Chevron Phillips Chemical Company, Exxon Mobil Corporation, Braskem, LyondellBasell, Fushun Yikesi New Material Co. Ltd., Kolon Industries Inc., Zibo Luhua Hongjin New Material Co. Ltd., Cymetech Corporation, Maruzen Petrochemical, Shell Chemicals, and Texmark.
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