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Global DCPD Market to Reach USD 838 Mn by 2023: Transparency Market Research

Published on 2015-09-10. Author : SpecialChem

Transparency Market Research has published a new report, titled “Dicyclopentadiene (DCPD) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 - 2023”. According to the report, the global DCPD market was valued at US$578 mn in 2014 and is anticipated to reach US$838 mn by 2023, expanding at a CAGR of 4.9% from 2015 to 2023.

Rising demand for DCPD in a wide range of industries such as automotive, plastics, and building and construction is projected to drive the global DCPD market during the forecast period. Functional properties of DCPD make it applicable in various industries for different applications. These applications include manufacture of auto parts and plastic products in developed as well as developing regions.

Transparency Market Research
Fig. 1: Transparency Market Research

Unsaturated polyester resins were the major application segment of the DCPD market in 2014. The segment contributes majorly to demand for DCPD. Unsaturated polyester resins are used in a broad range of applications such as polyester cement, plastic products, and automotive parts. Thus, rising demand from the plastics industry is anticipated to drive the global DCPD market.

However, an increase in health issues due to the ingestion or inhalation of DCPD is likely to hamper the demand for DCPD in developed regions such as Europe. An increasing interest in lightweight materials in the aerospace industry and high demand for DCPD in developing regions such as Asia Pacific will offer immense growth opportunities to market players in the next few years.

Unsaturated polyester resins dominated the global DCPD market in terms of volume and revenue in 2014. High usage of DCPD in the manufacture of unsaturated polyester resins, especially in China and the U.S., is projected to propel the market during the forecast period. Hydrocarbon resins are also one of the major application segments of DCPD. An increase in the demand for hydrocarbon resins in the paints and coatings industry is likely to boost demand for DCPD. A rise in building and construction activities in the Middle East and Africa is anticipated to augment market growth during the forecast period. Developing regions such as Latin America and Middle East and Africa, especially Brazil and GCC, are also estimated to fuel demand for DCPD in the near future.

Asia Pacific was the largest consumer of DCPD in 2014. DCPD is used widely in the unsaturated polyester resins segment. Furthermore, a rise in construction activities in the region is anticipated to propel market growth between 2015 and 2023. North America accounted for more than 30% share of the global DCPD market in terms of volume in 2014. The DCPD market in the region is expected to witness moderate growth during the forecast period. Asia Pacific is projected to be the fastest growing region during the forecast period. The DCPD market in Latin America and Middle East and Africa is estimated to expand at a moderate rate; however, demand for DCPD in plastics and paints and coatings applications is likely to increase significantly in these regions in the next few years.

The global DCPD market is highly fragmented; the top five players accounted for more than 25% of the market in 2014. Major companies operating in the DCPD market include Braskem, Kolon Industries, Inc., Chevron Phillips Chemical Company, and Cymetech Corporation.

The report segments the global dicyclopentadiene (DCPD) market into:

• Dicyclopentadiene (DCPD) Market – Application Analysis
o Unsaturated Polyester Resins
o Hydrocarbon Resins
o EPDM Elastomers
o COC & COP
o Poly-DCPD
o Others (Including Pesticides, Flavor & Fragrance Intermediates, etc.)

• Dicyclopentadiene (DCPD) Market – Regional Analysis
o North America
§ U.S.
§ Rest of North America

o Europe
§ Germany
§ U.K.
§ France
§ Spain
§ Italy
§ Rest of Europe

o Asia Pacific
§ China
§ Japan
§ ASEAN
§ Rest of Asia Pacific

o Latin America
§ Brazil
§ Rest of Latin America

o Middle East & Africa
§ GCC
§ South Africa
§ Rest of Middle East & Africa

About Transparency Market Research

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, TMR employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Source: Transparency Market Research


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