Dicyclopentadiene Market, Research Report Reveals High Demand For Industry Upto 2032
Dicyclopentadiene market is a versatile chemical compound that holds significant importance in various industries, including automotive, construction, electronics, and plastics. DCPD finds extensive applications as a building block for resins, adhesives, coatings, and elastomers due to its unique chemical properties. This article explores the current trends and outlook of the DCPD market, highlighting its key drivers, challenges, and potential growth opportunities. The Dicyclopentadiene (DCPD) Market Size was valued at USD 0.012 Billion in 2022 and is projected to grow from USD 0.035 Billion in 2023 to USD 1.5 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 5.7% during the forecast period (2023 - 2030). Increasing demand for dicyclopentadiene in manufacturing resins like polyester, epoxy, phenolic specialty, hydrocarbon, and unsaturated polyester resin shall drive the market. Market Drivers Growing Demand from Automotive Industry: The automotive industry is a