Dicyclopentadiene Market Share | Detailed Research by Top Industry Trends, Developing Growth Status, Supply-Demand Scenario

Market Highlights

The global Dicyclopentadiene Market Share is projected to be valued at USD 1,071.74 million by the end of 2027, registering a CAGR of 5.14% during the forecast period.

Dicyclopentadiene is a chemical compound with the formula C10H12. It is co-produced in large quantities in the steam cracking of naphtha and gas oils to ethylene as part of the separation process of crude C5 streams. It is a colorless, waxy, flammable solid or liquid with a camphor-like odor. Dicyclopentadiene is highly flammable, with a flashpoint of 90°F/32°C and a boiling point of 338ºF/170°C. The major uses are in resins, mainly unsaturated polyester resins. As a chemical intermediate, it is used to make insecticides, hardeners, and dryers in linseed and soybean oil and produce ethylene propylene diene monomer (EPDM) elastomersmetallocenes, resins, varnishes, and paints.

The extensive demand for dicyclopentadiene share in the manufacturing of unsaturated polyester resins is the primary driving factor propelling the growth of the global dicyclopentadiene market. These unsaturated polyester resins are further widely used in the manufacturing of fiber-reinforced plastics (FRP), which have applications in sanitary ware, tanks, pipes, gratings, and high-performance components for the marine and transportation industry, such as closure panels, body panels, fenders, and boat hulls and decks. Replacement of conventional structural materials, such as wood and metals, by FRPs due to their high strength-to-weight ratio, chemical resistance, weatherability, easy fabrication, and versatility of product design drives the global market. Furthermore, the use of dicyclopentadiene in hydrocarbon resins, which are used as tackifiers, performance modifiers, and homogenizing agents, supports market growth.

Moreover, rapid industrialization and urbanization across the globe and infrastructural development promote the use of EPDM rubber in construction activities. The growing construction industry in developing regions, with rising residential and commercial construction, especially in India and China, coupled with improving living standards and rising disposable incomes, is driving the growth of the dicyclopentadiene market. Increasing spending by the Indian government on infrastructure development, such as the Smart Cities Mission, Green Corridor, and the building of ports, is propelling the market growth. Additionally, in late 2013, the Chinese government started the One Belt One Road project for transportation infrastructure development, which is likely to propel the growth of the construction industry, thereby driving the global market.

Access full report @  https://www.marketresearchfuture.com/reports/dicyclopentadiene-market-9864

Segment Analysis

The global Dicyclopentadiene Market share has been segmentedon the basis of grade, application, and region.

By grade, the market is segmented into polyester grade, hydrocarbon grade, high purity grade, and others. Among these, the polyester grade was valued at USD 329.90 million in 2019, accounting for 45.47% of the global market; this is attributed to the high use of dicyclopentadiene for producing polyester resins, which are further used in key end-use industries, such as building & construction, automotive, and aerospace.

On the basis of application, the market has been categorized into unsaturated polyester resin, hydrocarbon resin, EPDM elastomers, cyclic olefin polymer (COP) & copolymer (COC), poly DCPD, and others. The unsaturated polyester resin segment emerged as the fastest-growing segment, registering the highest CAGR of 5.4%. It is expected to reach a value of USD 498.41 million by the end of 2027.   

Key Findings of the Study:

  • The global Dicyclopentadiene Market is projected to reach a value of USD 1,071.74millionby 2027,with a CAGR of around 5.1% during the forecast period.
  • Among these regions, Asia-Pacific accounted for 47.23% of the market share in 2019 and is expected to exhibit the highest CAGR of 5.4% during the review period; this can be attributed to the rapid industrial growth and the improving economic conditions of consumers in this region.
  • The growing construction industry in developed nations, with increasing investments in residential construction and infrastructure development, is likely to drive the growth of the dicyclopentadiene market. In the U.S., revenue from the construction industry crossed USD 1 trillion in 2016–2017 and is expected to reach USD 1.7 trillion by 2020. This market growth can be attributed to the increase in residential construction with the growing need for single-family dwellings.
  • The regulations imposed regarding environmental concerns and depletion of fossil fuels coupled with an inclination towards plant-based chemicals act as a restraint for the market growth.
  • The growing demand for lightweight and fuel-efficient military aircraft for homeland security and counterterrorism is a major factor expected to fuel the global market growth.

 

Get a Sample Report Now: https://www.marketresearchfuture.com/sample_request/10626

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

 

Contact:

 

Market Research Future®

 

99 Hudson Street,5Th Floor

 

New York, New York 10013

 

United States of America

 

Phone:

 

+1 628 258 0071(US)

 

+44 2035 002 764(UK)

 

Email: sales@marketresearchfuture.com

 

Website: https://www.marketresearchfuture.com

 

Related Report:

https://www.marketresearchfuture.com/reports/balsa-wood-market-4473

 

https://www.marketresearchfuture.com/reports/label-adhesives-market-4509

 

https://www.marketresearchfuture.com/reports/autoclave-indicator-tape-market-4602

 

https://www.marketresearchfuture.com/reports/high-barrier-packaging-films-market-5028

Comments

Post a Comment

Popular posts from this blog

Middle East and North Africa Metallic Stearates Market, Growth, Size, Region & Country, Revenue, Analysis & Forecast Till 2032

  Metallic stearates, widely used in various industries, are compounds derived from stearic acid and metal salts. These versatile substances find their applications in numerous sectors, including plastics, rubber, cosmetics, pharmaceuticals, and paints. With their exceptional lubricating, stabilizing, and anti-blocking properties, metallic stearates have witnessed a significant surge in demand, fueling the growth of the   Middle East and North Africa   metallic stearates market. The continuous development in the industry and the increasing investment in the industry, where the market value is expected to reach over USD 5.4 billion by the year 2030 with a CAGR of 5.4% during the forecast period. Expanding Applications : The  Middle East and North Africa metallic stearates market  has experienced remarkable growth due to the expanding applications across several industries. In the plastics industry, metallic stearates act as lubricants, preventing the me...
Read more

Middle East and North Africa Purging Compound Market, Growth, Size, Region & Country, Revenue, Analysis & Forecast Till 2032

  The  Middle East and North Africa purging compound market  has witnessed significant growth in recent years, owing to its crucial role in optimizing the efficiency and cleanliness of polymer processing equipment. This article delves into the key factors driving the market's expansion and highlights the benefits of using purging compounds in various industrial applications. Enhancing Operational Efficiency : Purging compounds play a pivotal role in ensuring the smooth operation of polymer processing equipment, such as extruders, Molded Pulp Packaging , and blow molding machines. By effectively removing color, contaminants, and residues from the machinery, purging compounds enable quick transitions between different materials, reducing downtime and improving productivity. Manufacturers can minimize material waste and achieve cost savings by utilizing purging compounds during color changes, material switches, and machine shutdowns. Efficient Cleaning Mechani...
Read more

Middle East and North Africa Polyurethane Dispersion Market, Growth, Size, Region & Country, Revenue, Analysis & Forecast Till 2032

  Polyurethane dispersion (PUD) has emerged as a versatile and environmentally friendly alternative to traditional solvent-based coatings and adhesives. With its unique properties and applications across various industries, polyurethane dispersion has gained significant traction in recent years. This article explores the growing popularity of  Middle East and North Africa polyurethane dispersion market , its advantages, applications, and the future prospects of this remarkable material. polyurethane dispersion market Size was valued at USD 2.2 billion in 2021. The polyurethane dispersion market industry is projected to grow from USD 2.3 Billion in 2022 to USD 3.8 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 7.25% during the forecast period (2022 - 2030).  The Advantages of Polyurethane Dispersion: Environmental Friendliness: One of the primary advantages of polyurethane dispersion is its eco-friendly nature. Unlike solvent-based coatings, PUDs ...
Read more