Dicyclopentadiene (DCPD) is a chemical compound produced by heating crude oil. Dicyclopentadiene have 10,975 Wh/l energy density and have properties such as colourless, waxy, and flammable solid or liquid. As chemical intermediate it is used as a hardener and dryer in linseed and soybean oil, insecticide, and in the production of EPDM (ethylene propylene diene monomer) elastomers, varnishes, and paints. Moreover, dicyclopentadiene is less hazardous material and has less adverse health effects.
Light weight property of DCPD is a key factor driving growth of the global dicyclopentadiene market. In addition, other properties of poly-DCPD such as chemical resistance, and high impact resistance make it useful in various end-use industries such as automotive, building and construction, plastics, and others is another factor expected to propel growth of the global dicyclopentadiene market during forecast period.
Increasing demand for lightweight vehicles due to their fuel efficiency is expected to increase demand for dicyclopentadiene over the forecast period. However, high cost associated production, and environmental issues such as release of waste water during exploration & production (E&P) activities are key factors restraining growth of the global dicyclopentadiene market. Additionally, increasing use of phthalic anhydride as substitute of DCPD is another factor expected to hamper growth of the global dicyclopentadiene market over forecast period.
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The global dicyclopentadiene market is segmented on the basis of application, end-user, and region. On the basis of region, the global dicyclopentadiene market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Asia Pacific accounts for largest revenue share to the global dicyclopentadiene market over the forecast period, owing to rising resins and plastic industries, and increasing demand for lightweight vehicles in emerging countries in the region. The market in North America projected to register second largest share in revenue terms in the dicyclopentadiene market, owing to increasing demand for DCPD in adhesive and marine industries in the region. Europe and Latin America expected to witness average growth in the global dicyclopentadiene market over the forecast period.
Prominent players in the global dicyclopentadiene market include The Dow Chemical Company, ExxonMobil Chemical Company, Inc., Chevron Phillips Chemical Company LLC, Braskem S.A., JXTG Nippon Oil & Energy Corporation, ZEON Corporation, Royal Dutch Shell plc., Shandong Yuhuang Chemical Co., Ltd., Fushun YIKESI New Material Co., Ltd., and Sinopec Shanghai Petrochemical Company Limited.
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