Over 4.5% CAGR Dicyclopentadiene Market size will bypass $800 million By 2024

Dicyclopentadiene market has been divided on the basis of grade, application and region. The major grade segment includes hydrocarbon resins, high purity and polyester grade.

Selbyville, United States - July 21, 2019 /MarketersMedia/ —

As per the report by Global Market Insights, Inc., “Worldwide Dicyclopentadiene Market was valued USD 550 million in 2019 and will surpass a revenue collection of USD 800 million by 2024 with an annual growth rate of 4.5% over 2019 to 2024.”

In recent years, dicyclopentadiene market has witnessed significant growth owing to the product’s deployment as a key raw material in the manufacturing of specialty resins that find applications across numerous sectors. The construction, automotive, and electronics sectors have also largely adopted methods that involve DCPD in the process, thereby propelling dicyclopentadiene market expansion. Indeed, DCPD finds usage in the production of high quality resins that find significant application in the manufacturing of specialty electronics, lenses, optical disks and high-quality films..

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Dicyclopentadiene market has found a novel and profitable growth avenue through the use of highly purified DCPD in the construction industry. Polydicyclopentadiene finds wide applications in not only the construction industry but also in the manufacturing of agricultural and construction equipment, body panels for trucks and buses, chlor-alkali industry, waste container industry and more. This widespread spectrum can be attributed to the product’s high impact, temperature, and corrosion resistant properties. Combined with R-RIM, reinforced DCPD has enabled new concepts for construction designs and benefitted designers and engineers with improved dimensional stability and increased rigidity. Reinforced dicyclopentadiene industry has thus witnessed significant propulsion and is expected to continue its exponential performance with increased profitability over 2017-2024.

Speaking of R-RIM or reinforced reaction injection molding, it is essential to mention that this process has majorly contributed to the expansion of dicyclopentadiene market. DCPD reaction injection molding enables the widespread application of DCPD in the automotive industry, as RIM-DCPD is capable of creating large and complex automotive parts quickly and efficiently. Incidentally, DCPD has a number of advantages over traditional material like steel and even thermoplastic polymers.

Speaking along similar lines, DCPD light weight makes it environmentally beneficial and fuel efficient, heavily expanding its scope in the automotive domain. With automakers struggling to abide by stringent regulations to bring down automobile emission, DCPD naturally emerges as the product of choice to be used in automobile production. Besides being fuel efficient, DCPD has been found to be cost efficient as well as its molds can be used to create complex designs.

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Asia Pacific has come to be a pivotal revenue ground for dicyclopentadiene market, given that the region is a major hub for the construction and automotive industries. Asia Pacific accounted for more than 45% of the total dicyclopentadiene market share in 2016, a figure that is expected to increase as the region expands its industrial base. As DCPD finds expansive application as a raw material in the production of polyester and hydrocarbon resins, APAC dicyclopentadiene industry will witness expansion through the use of these resins in the paint, printing and adhesive industries as well.

The battle against environmental degeneration due to the use of harmful chemicals has encouraged players in the chemical industry to test and develop novel chemical compounds. DCPD seems to have emerged to be one such beneficial and useful chemical compound, thereby propelling dicyclopentadiene market share.

Browse key industry insights spread across 250 pages with 306 market data tables & 25 figures & charts from the report, “Dicyclopentadiene Market” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/dicyclopentadiene-dcpd-market

Glimpse of Table of Content (ToC)

Chapter 3. Dicyclopentadiene Industry Insights

3.1. Industry segmentation
3.2. Industry size and forecast, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Profit margin
3.3.2. Value addition
3.3.3. Distribution channel analysis
3.3.4. Vendor matrix
3.3.4.1. List of key manufacturers/suppliers
3.3.4.2. List of key/potential customers
3.4. Raw material analysis
3.5. Industry impact forces
3.5.1. Growth drivers
3.5.1.1. Extensive usage of the product in automotive and marine sectors
3.5.1.2. Increasing demand for the product in other end-use industries
3.5.2. Industry pitfalls & challenges
3.5.2.1. Availability of substitute products
3.5.2.2. High product cost
3.6. Regulatory trends
3.7. Growth potential analysis
3.8. Competitive landscape
3.8.1. Company market share, 2016
3.8.2. Strategy dashboard
3.9. Porter’s analysis
3.9.1. Supplier power
3.9.2. Buyer power
3.9.3. Threat of new entrants
3.9.4. Threat of substitutes
3.9.5. Industry rivalry
3.10. Regional price trends
3.10.1. Cost structure analysis
3.10.1.1. R&D cost
3.10.1.2. Manufacturing & equipment cost
3.10.1.3. Raw material cost
3.10.1.4. Distribution cost
3.10.1.5. Operating cost
3.10.1.6. Miscellaneous cost
3.10.2. Price by product
3.10.3. Price by power rating
3.10.4. PESTEL analysis

Chapter 5. Dicyclopentadiene Market, By Application

5.1. Global dicyclopentadiene market share by application, 2016 & 2024
5.2. Unsaturated polyester resin
5.2.1. Market estimates and forecasts, 2013 - 2024
5.2.2. Market estimates and forecasts by region, 2013 – 2024
5.3. Hydrocarbon resins
5.3.1. Market estimates and forecasts, 2013 - 2024
5.3.2. Market estimates and forecasts by region, 2013 – 2024
5.4. EPDM elastomers
5.4.1. Market estimates and forecasts, 2013 - 2024
5.4.2. Market estimates and forecasts by region, 2013 – 2024
5.5. Cyclic Olefin Polymer (COP) & Copolymer (COC)
5.5.1. Market estimates and forecasts, 2013 - 2024
5.5.2. Market estimates and forecasts by region, 2013 – 2024
5.6. Poly-DCPD
5.6.1. Market estimates and forecasts, 2013 - 2024
5.6.2. Market estimates and forecasts by region, 2013 – 2024
5.7. Others (pesticides, flame retardants, etc.)
5.7.1. Market estimates and forecasts, 2013 - 2024
5.7.2. Market estimates and forecasts by region, 2013 – 2024

Browse Full TOC @ https://www.gminsights.com/toc/detail/dicyclopentadiene-dcpd-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Info:
Name: Arun Hegde
Email: Send Email
Organization: Global Market Insights, Inc.
Address: 4 North Main Street
Phone: 3028467766
Website: https://www.gminsights.com/pressrelease/dicyclopentadiene-dcpd-market

Source URL: https://marketersmedia.com/over-45-cagr-dicyclopentadiene-market-size-will-bypass-800-million-by-2024/88898782

Source: MarketersMedia

Release ID: 88898782

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