Dicyclopentadiene Market To Generate Revenue worth $1,373.9 Million by 2030

The dicyclopentadiene market size was $863.5 million in 2021, and it is expected to reach $1,373.9 million in 2030, growing at a CAGR of 5.3% during 2021–2030.

This is ascribed to the growing usage of DCPD for the production of polymers, resins, and other specialty chemicals.

Dicyclopentadiene is a dimer of pure cyclopentadiene, which can be produced by the Diels–Alder reaction. It is a volatile, colorless, and flammable solid substance with a characteristic odor. As a result, it is widely used in the automotive & marine, building & construction, packaging, and many other industries. Additionally, DCPD is used as a co-monomer in the production of synthetic rubbers and resins, such as ethylene propylene diene monomer (EPDM), and as a monomer in engineering plastics and printing inks.

Unsaturated Polyester Resin (UPR) Accounts for Largest Share in Market

Based on type, the UPR category held the largest market share in 2021, and its value is projected to reach $644.80 million by 2030, growing at a CAGR of 5.39% during the forecast period. The UPR grade is a major ingredient in the manufacturing of paints, coatings, rubber, adhesives, insecticides, pesticides, varnishes, and other materials. This is because it has superior mechanical and functional properties, contains fewer trimers and co-dimers, and exhibits better color than other resins. In the building & construction industry, UPRs used in roofing, reinforcement, concrete, and composites of household structures.

Asia-Pacific Dominates DCPD Market

Asia-Pacific is dominating the DCPD market with a revenue share of around 49.0% in 2021, and it is set to grow at a significant CAGR during the forecast period, owing to the rising demand for this chemical from the plastic & resin industry in the region. Furthermore, the growing building & construction industry in China and India will drive the growth of the DCPD market in the Asia-Pacific, as will the presence of major automobile and electronics manufacturers in India, Japan, and China.

Furthermore, the increasing use of polyester resin in electrical & electronics and building & construction industries and the rising demand for lightweight vehicles are expected to drive the product demand in the region.

Additionally, the highest revenue in the regional market comes from China, which is witnessing rampant urbanization. Moreover, it has the world's largest building & construction market, which valued $1,049.0 billion in 2020. Because the government aims to improve the infrastructure in small and medium-sized cities, the construction sector will continue to grow rapidly in the future. Moreover, the government investments in highways, canals, railway projects, and aviation projects are increasing in India and Japan, which will promote the product demand in market across the region.

The key players operating in the dicyclopentadiene market include Dow Chemical Company, Braskem, Chevron Phillips Chemical Company LLC, Cymetech (Sojitz Corporation), ENEOS Corporation, Kolon Industries Inc., LyondellBasell Industries Holdings BV, Merck KGaA, NOVA Chemicals, and PJSC Nizhnekamskneftekhim.