Market Overview
The Dicyclopentadiene (DCPD) Market is expected to grow at a CAGR of 5.1% and is expected to reach USD 1,071.74 Million by the end of the forecast period. During the study period, the dicyclopentadiene market is predicted to increase at a healthy rate. The increasing use of dicyclopentadiene in the manufacture of fiber-reinforced polymers drives the worldwide dicyclopentadiene market (FRP). Because of their high strength-to-weight ratio, chemical resistance, weather resistance, ease of manufacture, and variety of product design, FRP has largely supplanted traditional structural materials such as wood and metals. Dicyclopentadiene is in great demand due to the continued trend of high strength and lightweight structural materials. Another important factor driving the global market is its use in the manufacturing of ethylene propylene diene monomer (EPDM) rubber, which is utilized in seals, gaskets, and O-rings in a variety of applications.
The global supply chain has been disrupted by the COVID-19 epidemic, which has had a detrimental influence on dicyclopentadiene production. As a result, enterprises in the market have curtailed travel and face-to-face meetings to shield workers from the spread of the new coronavirus. The businesses are working hard to protect their employees’ health and well-being while also supporting government efforts to preserve key commercial activities in the healthcare, electricity generation, and food production sectors. In addition, prominent companies in the market are transitioning to meet the need for medical products, which is a crucial element influencing the industry’s growth.
Get a Free Sample Report @ https://www.marketresearchfuture.com/sample_request/9864
Market Segmentation
Based on the grade, the global dicyclopentadiene market has been segmented into polyester resin grade, hydrocarbon grade, high purity grade, and the global dicyclopentadiene market others.
Based on the application, the global dicyclopentadiene market has been segmented into unsaturated polyester resin, hydrocarbon resin EPDM elastomers, cyclic olefin polymer (COP) & copolymer (COC), poly-DCPD, and others.
Based on the region, the global dicyclopentadiene market has been segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Enquire For Discount:https://www.marketresearchfuture.com/check-discount/9864
Regional Classification
The key driver driving regional market expansion has been the rapid growth of the unsaturated polyester resin manufacturing industry in Asia-Pacific. Furthermore, the Asia Pacific region’s dicyclopentadiene market is predicted to benefit from a steady increase in demand for various types of plastics, adhesives, and coatings.
The key driver of regional demand is the presence of well-developed plastics and automotive manufacturing businesses in North America. Furthermore, the ready availability of essential petroleum feedstocks is expected to boost dicyclopentadiene production and demand in North America.
Industry News
The major key players in the market are Braskem, Cymetech Corporation, Chevron Phillips Chemical Company, Nova Chemicals Corporation, Tokyo Chemical Industry CO., LTD (TCI), Royal Dutch Shell, The Dow Chemical Company, Braskem, and Lyondellbasell Industries Holdings B.V, Sinopec. Because of the enormous growth of the oil and gas industry, the global market for dicyclopentadiene is expected to grow steadily over the forecast period. A major driver of the market is the increased demand for dicyclopentadiene in the manufacturing of EPDM, varnishes, and paints.
Browse Full Report @ https://www.marketresearchfuture.com/reports/dicyclopentadiene-market-9864
Browse More Related Reports: