Published on: May 2022
Opening the box of big secrets behind the unforeseen growth of market share of Dicyclopentadiene (DCPD)
Because of the rising plastic and resins industry, the worldwide dicyclopentadiene market is predicted to increase significantly over the next seven years. A variety of resins, including aromatic hydrocarbon resins, acrylates, phenolic resins, epoxy resins, lattices, specialty resins, unsaturated polyester resins, and other specialty intermediates, use dicyclopentadiene (DCPD). Over the forecast period, expanding the dicyclopentadiene application scope is expected to drive market expansion. Varnishes, paints, elastomers, and flame retardants for plastics, metallocenes, pesticides, insecticides, and hot melt adhesives are all made with DCPD. In the near future, rising plastic demand, particularly in Asia Pacific, is expected to boost market growth.
Stifling market growth? What is the reason?
DCPD is utilized as an intermediate for unsaturated polyesters, aromatic hydrocarbons, epoxies, and phenolics due to its high reactivity. Environmental problems related to E&P activities, such as wastewater treatment in enhanced oil recovery methods, are expected to have a negative impact on market growth. Over the next seven years, the industry participants are expected to face another challenge as the trend toward renewables shifts. Over the projection period, rising phthalic anhydride use as a DCPD alternative in applications such as boat building is expected to stifle market growth.
Key market segmentation of Dicyclopentadiene (DCPD)
The global dicyclopentadiene market has been divided into three categories based on product grades: high purity, UPR, and resin grade. Due to its application in the production of UPR, the unsaturated polyester resin (UPR) grade was the largest DCPD product grade category in 2014, and this trend is likely to continue over the next seven years. UPR grade has an advantage over resin grade because of its superior color qualities and lower number of trimmers and co-dimers. Due to increased industry applications, the high purity resin product grade is predicted to grow at a faster rate than the industry average over the projection period. The high purity grade is used in the synthesis of flavorants, perfumes, cyclic olefin copolymers, antioxidants, and unsaturated polyester resins. The global market has been divided into unsaturated polyester resins and hydrocarbon resins based on application. Because of the rising electrical, bathroom component, and marine industries, the unsaturated polyester resin application category is expected to see considerable market expansion in the near future. Because of the rising paints and coatings industry applications, the hydrogen resin application category is expected to increase at a faster rate than the overall market during the next seven years. Printing inks, coatings, adhesives, rubber goods, and caulking compounds are all made with hydrocarbon resin.
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