Dicyclopentadiene Market Size (2024 - 2029)

The dicyclopentadiene market is anticipated to experience growth despite previous setbacks due to the COVID-19 pandemic, which affected its consumption in various end-user industries. The market's expansion is driven by the increasing use of dicyclopentadiene in batteries and as industrial catalysts and solvents. However, challenges such as high production costs and competition from substitutes may impede growth. Opportunities are emerging from research and development efforts focused on environmentally friendly products, addressing environmental concerns. The Asia-Pacific region, particularly countries like China, Japan, and India, leads in market consumption.

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Market Size of Dicyclopentadiene Industry

Dicyclopentadiene Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 5.50 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Low

Major Players

Dicyclopentadiene Market Major Players

*Disclaimer: Major Players sorted in no particular order

Dicyclopentadiene (DCPD) Market Analysis

The dicyclopentadiene market is expected to register a CAGR of more than 5.5% globally during the forecast period (2022-2027).

The market was negatively impacted by COVID-19 in 2021. The pandemic negatively impacted various end-user industries of dicyclopentadiene, thereby declining the consumption of DCPD-based chemicals. However, the market excepted to retain its growth trajectory in the coming years.

  • Dicyclopentadiene (DCPD) is the dimer of cyclopentadiene that is produced through the Diels-Alder Reaction. It is a colorless, flammable substance with a camphor-like odor. The growing consumption of batteries and increasing use of dicyclopentadiene as industrial catalysts and solvents have been driving the market growth.
  • However, the high cost associated with the production of dicyclopentadiene and the increasing risk from substitutes are likely to hinder the growth of the studied market.
  • The R&D activities to develop environment-friendly products, like bio-based ethylene propylene diene monomer (EPDM), owing to increasing concerns about the harmful effects of certain products on the environment, are likely to provide opportunities for the dicyclopentadiene market over the next five years.
  • The Asia-Pacific region dominated the market across the world, with consumption from countries like China, Japan, and India.

Dicyclopentadiene (DCPD) Industry Segmentation

The dicyclopentadiene market is segmented by grade, application, end-user industry, and geography. By grade, the market is segmented into DCPD resin, DCPD UPR, and DCPD high purity. By application, the market is segmented into unsaturated polyester resin (UPR), hydrocarbon resins, ethylene propylene diene monomer (EPDM) elastomers, cyclic olefin, poly-DCPD, and other applications (flame retardants, pesticides, and antioxidants). By end-user industry, the market is segmented into building and construction, automotive and marine, electrical and electronics, and other end-user industries (packaging, agriculture, food and beverages). The report also covers the market size and forecasts for the dicyclopentadiene in 15 countries across the major regions. For each segment, the market sizing and forecasts have been done on the basis of revenue (USD million).

Grade
DCPD Resin
DCPD UPR
DCPD High Purity
Application
Unsaturated Polyester Resin (UPR)
Hydrocarbon Resins
Ethylene Propylene Diene Monomer (EPDM) Elastomers
Cyclic Olefin
Poly-DCPD
Other Applications (Flame Retardants, Pesticides, Antioxidants)
End-user Industry
Building and Construction
Automotive and Marine
Electrical and Electronics
Other End-user Industries (Packaging, Agriculture, Food and Beverages)
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Dicyclopentadiene Market Size Summary

The dicyclopentadiene market is poised for significant growth, driven by its increasing application as an industrial catalyst and solvent, particularly in the production of batteries. Despite the initial setback due to the COVID-19 pandemic, which affected various end-user industries and reduced the consumption of DCPD-based chemicals, the market is expected to regain its growth momentum. The Asia-Pacific region, led by countries like China, Japan, and India, dominates the global market, fueled by rising demand in the construction and electronics sectors. The region's robust construction activities, especially in China, and the growing electronics market in India are key factors contributing to the market's expansion. However, challenges such as high production costs and competition from substitutes may impede growth, although ongoing research and development into environmentally friendly products present new opportunities.

Dicyclopentadiene's role in the production of unsaturated polyester resins, which are essential in various applications including paints, coatings, and construction materials, further bolsters market demand. The resin's superior mechanical and functional properties make it a preferred choice in industries ranging from agriculture to transportation. The construction industry's growth in Asia, the Middle East, and North America, driven by investments in infrastructure and eco-friendly buildings, is expected to enhance the demand for DCPD. Additionally, the high purity grade of DCPD is anticipated to see promising growth due to its increasing use in flavorants, fragrances, and antioxidants. The market remains partially fragmented, with key players like Braskem, Chevron Phillips Chemical Company, ENEOS Corporation, Dow, and Zeon Corporation playing significant roles in shaping its landscape.

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Dicyclopentadiene Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Rising UPR Application

      2. 1.1.2 Growing Plastic and Resins Industry

    2. 1.2 Restraints

      1. 1.2.1 High Cost Associated with the Production of Dicyclopentadiene

      2. 1.2.2 Increasing Risk from Substitutes

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Grade

      1. 2.1.1 DCPD Resin

      2. 2.1.2 DCPD UPR

      3. 2.1.3 DCPD High Purity

    2. 2.2 Application

      1. 2.2.1 Unsaturated Polyester Resin (UPR)

      2. 2.2.2 Hydrocarbon Resins

      3. 2.2.3 Ethylene Propylene Diene Monomer (EPDM) Elastomers

      4. 2.2.4 Cyclic Olefin

      5. 2.2.5 Poly-DCPD

      6. 2.2.6 Other Applications (Flame Retardants, Pesticides, Antioxidants)

    3. 2.3 End-user Industry

      1. 2.3.1 Building and Construction

      2. 2.3.2 Automotive and Marine

      3. 2.3.3 Electrical and Electronics

      4. 2.3.4 Other End-user Industries (Packaging, Agriculture, Food and Beverages)

    4. 2.4 Geography

      1. 2.4.1 Asia-Pacific

        1. 2.4.1.1 China

        2. 2.4.1.2 India

        3. 2.4.1.3 Japan

        4. 2.4.1.4 South Korea

        5. 2.4.1.5 Rest of Asia-Pacific

      2. 2.4.2 North America

        1. 2.4.2.1 United States

        2. 2.4.2.2 Canada

        3. 2.4.2.3 Mexico

      3. 2.4.3 Europe

        1. 2.4.3.1 Germany

        2. 2.4.3.2 United Kingdom

        3. 2.4.3.3 France

        4. 2.4.3.4 Italy

        5. 2.4.3.5 Rest of Europe

      4. 2.4.4 South America

        1. 2.4.4.1 Brazil

        2. 2.4.4.2 Argentina

        3. 2.4.4.3 Rest of South America

      5. 2.4.5 Middle-East and Africa

        1. 2.4.5.1 Saudi Arabia

        2. 2.4.5.2 South Africa

        3. 2.4.5.3 Rest of Middle-East and Africa

Dicyclopentadiene Market Size FAQs

The Dicyclopentadiene Market is projected to register a CAGR of greater than 5.5% during the forecast period (2024-2029)

Braskem, Chevron Phillips Chemical Company, Zeon Corporation, Dow and ENEOS Corporation are the major companies operating in the Dicyclopentadiene Market.

Dicyclopentadiene (DCPD) Market Report Snapshots

Dicyclopentadiene Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)