Dicyclopentadiene Market Foreseen to Grow Exponentially by 2025

1. Dicyclopentadiene Market to Record an Exponential CAGR by 2025 The global dicyclopentadiene (DCPD) market is highly fragmented due to the presence of various large and small players operating in the market, observes Transparency Market Research. Competition among these players is also expected to rise in the coming years. Leading players in the market are adopting new strategies such as collaboration, mergers, partnership, and other to get a firm hold in the market. For instance, Dow Chemical Company merged with E.I. du Pont de Nemours & Company (DuPont) and started DowDuPont. This merger will result in strengthening their position and will fuel growth in the global dicyclopentadiene market. Few other players in the global dicyclopentadiene market are Chevron Philips Chemical Company, Shell Chemicals, Maruzen Petrochemical, Zibo Lujua Hongjin New Material Co. Ltd. and LyondellBasell. The global dicyclopentadiene market is anticipated to reach US$0.902 bn by the end of 2025 progressing from US$ 0.56 bn earned in 2016. To reach this valuation, the market is projected to rise at 5.5% CAGR over the projected tenure. Application of dicyclopentadiene is likely to rise in EPDM elastometers and hydrocarbon resins segments. EPDM elastometers provides incomparable resistance to heat, steam, ozone, and water, which has increased use of dicyclopentadiene in this segment. Moreover, the demand for unsaturated polyester resins also increased due to its outstanding mechanical and functional properties such as heat resistance, corrosion, and low weight. These factors increased use of dicyclopentadiene in these two segments and drive the overall demand in the global dicyclopentadiene market. Geographically, North America is projected to lead the market on the account of growing marine, plastics, and polymer industries. However, strict regulations on exposure to DCPD might deter growth of dicyclopentadiene in Europe. On the other hand, Asia Pacific is projected to fuel demand in the global dicyclopentadiene market due to increasing development in infrastructure an/d construction industries. */

2. Growing Dicyclopentadiene Application in Resins Manufacturing to Fuel Markets Growth Developments taking place in the plastic and resins industries are likely to expand the global dicyclopentadiene market in the forthcoming years. Significant rise in the plastic industry in Asia Pacific has boosted demand for dicyclopentadiene thus, contributing a promising rise to the global dicyclopentadiene market. Dicyclopentadiene is used for manufacturing different types of resins such as epoxy resins, aromatic hydrocarbon resins, phenolic resins, acrylates, lattices, unsaturated polyester resins, specialty resins, and other specialty intermediates, which has further augmented demand in the global dicyclopentadiene market. Adding further to the growth prospects in the global dicyclopentadiene market is the growing use of poly- DCTD. The demand for poly-DCTD is rising due to its lightweight properties that do not hamper performance of vehicle. Growing preference for lightweight automotive in vehicles, as they increases fuel efficiency in vehicles. These factors have accelerated demand for dicyclopentadiene in automotive industry. To obtain all-inclusive information on forecast analysis of Global Dicyclopentadiene Market , request a PDF brochure here. Shifting Trends towards Renewable Sources Might Challenge Growth in Dicyclopentadiene Market Environmental concerns related with the use of exploration & production activities along with wastewater treatment in oil recovery are the major reasons deterring the growth in the global dicyclopentadiene market. High cost of production and manufacturing of dicyclopentadiene might obstruct the growth in this market. Additionally, shifting trends towards renewable sources is another factor that might challenge the market’s performance. Rising use of phthalic anhydride as a DCPD substitute in building boats is another restraint needs to be tailored. About Us Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals. Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories. TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.” Contact

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