Dicyclopentadiene Market Analysis by Size, Share, Growth, Trends up to 2025
Category: #reports  By Rahul Sankrityayan  Date: 2020-05-08
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Dicyclopentadiene Market Analysis by Size, Share, Growth, Trends up to 2025

Rapidly expanding automotive sector, majorly in the developing countries of the APAC region is driving the demand for dicyclopentadiene. The product is in high demand owing to advantageous properties like sturdiness, corrosion resistance and light weight. Various regional governments across have set emission standards such as Air Pollution Dispute Resolution Act of Japan, the energy policy of China and Bharat stage emission standards in India, to manage the air pollution level.

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Top Companies

  1. The Dow Chemical Company
  2. Braskem
  3. LyondellBasell Industries Holdings B.V
  4. Cymetech Corporation
  5. NOVA Chemicals
  6. Shell Chemicals
  7. TCI Chemicals
  8. Texmark Chemicals
  9. Chevron Phillips Chemical Company
  10. Maruzen Petrochemical
  11. China Petrochemical Corporation (Sinopec Group)
  12. Nanjing Yuangang Fine Chemical Co.
  13. Zibo Luhua Hongjin New Material Co. Ltd.
  14. Sunny Industrial System GmbH

  Growth Drivers are

  1. Extensive usage of the product in automotive and marine sectors
  2. Increasing demand for the product in other end-use industries

Moreover, vehicle regulations are imposed for lowering gas emissions and economic fuel consumption. This has prompted manufacturers to opt for light weight products in vehicles which will positively favor dicyclopentadiene product adoption.  Unsaturated polyester resins, that is widely used in the production of vehicle body filler systems, is procured from dicyclopentadiene. Globally, dicyclopentadiene market size is set to exceed USD 800 million by 2024.

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Hydrocarbon resins segment is expected to hold 25% in the overall dicyclopentadiene market share by volume, by the end of 2024. Polyester grade dicyclopentadiene is set to hold 50% of the industry share with the highest growth of more than 4.5% over 2017-2024.

Asia Pacific dicyclopentadiene market is forecast to account for over USD 400 million by 2024. Major developing countries in the region such as India, China, Indonesia and Malaysia are generating huge automotive demand on account of rising income level and consumer spending. This has led to robust automotive sales across the region.

Key players manufacturers and suppliers of  dicyclopentadiene are TCI Chemicals, Shell Chemicals, LyondellBasell Industries Holdings B.V, Cymetech Corp., Braskem, Texmark Chemicals, China Petrochemical Corporation, Maruzen Petrochemical, NOVA Chemicals, Dow Chemical Company, Chevron Phillips Chemical Company and Nanjing Yuangang Fine Chemical Company, among others.

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The manufacturers in the industry could adopt various organic and inorganic strategies including joint ventures, acquisitions and mergers to improve their market presence and to enhance their sales. In addition, these players must also engage in R&D activities for improved production and minimizing costs.

The Dow Chemical Company, Braskem, LyondellBasell Industries Holdings B.V, Cymetech Corporation, NOVA Chemicals, Shell Chemicals, TCI Chemicals, Texmark Chemicals, Inc., Chevron Phillips Chemical Company, Maruzen Petrochemical, China Petrochemical Corporation (Sinopec Group), Nanjing Yuangang Fine Chemical Co.,, Zibo Luhua Hongjin New Material Co. Ltd., Sunny Industrial System GmbH

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About Author

Rahul Sankrityayan

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Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Technology Magazine, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experie...

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