Wednesday, 20 July 2016

Global Dicyclopentadiene Market Banks on its Plethora of Uses

Dicyclopentadiene (DCPD) is a crystalline compound. It is white in color and smells like camphor. DCPD is a highly flammable liquid and is produced by steam cracking petroleum fractions such as naphtha. One of the most common methods of manufacturing DCPD involves the extraction of DCPD as a by-product during the manufacture of ethylene, which is known as the Diels-Alder Reaction.

As a whole, the global DCPD market is growing at a CAGR of 4.9% from 2015 to 2023. The market’s value in 2014 was US$578.0 mn and is expected to reach US$838.0 mn by end of 2023.

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Global DCPD Market Receives Boost from Plastics Industry

The various application segments of the global DCPD market include poly-DCPD, COC and COP, EPDM elastomers, hydrocarbon resins, and unsaturated polyester resins. End users such as the paints and coatings, building and construction, plastics, marine, and automotive industries constitute the majority of the demand from the global DCPD market. Of its many application industries, the global DCPD market is primarily boosted by a heavy demand from the segment of unsaturated polyester resins. These resins are used in many industries and in diverse applications, such as in automotive parts, plastic products, and in the manufacture of polyester cement.

Asia Pacific Leads the Global DCPD Market

Geographically speaking, the global DCPD market is currently dominated by China and the U.S. The Asia Pacific and the MENA regions hold a high demand for unsaturated polyester resins, which dominated the global DCPD market in 2014 in terms of applications.

Hydrocarbon resins are a major part of many of the application segments of the global DCPD market and are also a major component in the paints and coatings industry. The regions that are showing a high level of activity in terms of construction are therefore expected to hold a high demand from the global DCPD market in the coming years. The Asia Pacific and MENA regions are set to show a stronger demand from the global DCPD market in the near future due to a rapid rate of construction and industrialization.

The largest regional consumer in the 2014 global DCPD market was Asia Pacific, while more than 30.0% of the market was taken by North America the same year. All regions, especially North America, do face the restraint of having DCPD labeled as a hazardous substance by the National Institute for Occupational Safety and Health and the National Fire Protection Association.

The future of the global DCPD market will also be shaped by the demand pattern in Latin America, several countries in which are expected to show heavy growth in infrastructure and construction soon. Meanwhile, the demand for DCPD in North America and Europe is currently propelled by the growing automotive and rubber industries, which are two critical application segments of the global DCPD market.

The top players in the global DCPD market include Cymetech Corporation, Chevron Philips Chemical Company, Kolon Industries, Inc., and Braksem. The global DCPD market is controlled by a small group of companies; only the top five companies of the global DCPD market controlled more than 25% of it in 2014.

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