Sellbyville, DE -- (SBWIRE) -- 01/23/2019 -- In recent years, dicyclopentadiene (DCPD) 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. It goes without saying that the expansion of specialty resins industry will positively affect the growth of dicyclopentadiene market.

Asia Pacific has come to be a pivotal revenue ground for DCPD 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. North America on the other hand, had accounted for 25% of the dicyclopentadiene market share in 2016 due to the substantial consumption of DCPD in myriad sectors and the presence of numerous chemical companies in the region.

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Europe and North America's dicyclopentadiene market will be the notable markets with over 40% of the overall industry in coming years. Asia Pacific will account for over USD 400 million growing with the significant CAGR by 2024. Substantial UPR production in China and Japan, low labor cost coupled with mature automotive and other manufacturing units in this region will promote the Asia Pacific dicyclopentadiene industry growth over the forecast timeframe which in turn will fuel the global DCPD market growth. Positive demand from end-user industries will bolster the industry growth in North America and in terms of revenue the region will account for more than USD 200 million in future.

Browse key industry insights spread across 250 pages with 306 market data tables & 25 figures & charts from the report, "Dicyclopentadiene (DCPD) Market Size By Grade (High Purity, Polyester Grade, Hydrocarbon Grade), By Application (Unsaturated Polyester Resin, Hydrocarbon Resins, EPDM Elastomers, Cyclic Olefin Polymer (COP) & Copolymer (COC), Poly-DCPD), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024" in detail along with the table of contents:

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

Dicyclopentadiene market is segmented on the basis of grade as hydrocarbon, polyester, high purity resins, and others. The others segment includes low purity resins, polymers, etc. Based on volume, hydrocarbon resins segment will hold close to a quarter of the market by 2024. The segment is said to gradually lose its market share owing to strong growth of the other two segments. Based on revenue, polyester grade segment is said to surpass 50% market share by the end of 2024 with the highest CAGR of over 4.5% from 2017 to 2024.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. The Dow Chemical Company
2. Braskem
3. LyondellBasell
4. Cymetech Corporation.
5. NOVA Chemicals
6. Shell
7. TCI - Tokyo Chemical Industry
8. Texmark Chemicals, Inc
9. Chevron Phillips Chemical Company
10. Maruzen America, Inc.
11. Repsol Sinopec Brasil
12. Nanjing Yuangang Fine Chemical Co.
13. Zibo Luhua Hongjin New Material Co., Ltd.
14. Sunny Industrial System GmbH

Based on application, the dicyclopentadiene market is segmented into unsaturated polyester resin, hydrocarbon resins, EPDM elastomers, COC & COP and poly-DCPD. The other minor applications include pesticides, flame retardants, etc. In terms of revenue, hydrocarbon resins will likely generate more than USD 190 million in 2024. This is all due to wide acceptance of the product as an ingredient to manufacture the non-woven products in various end-use industries owing to the excellent mechanical and physical properties.

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Geographically, Asia Pacific will hold a maximum share of over USD 400 million in the global dicyclopentadiene market. Developing countries in the region such as China, India, Malaysia, and Indonesia have a huge automotive demand owing to the rising income level of consumers. Increase in the purchasing power parity will lead to more sales of vehicles. Moreover, due to cost-effective labor and low cost raw materials, huge companies are shifting their manufacturing base to Asia Pacific region. Increasing automotive sales and manufacturing in the Asia Pacific region will drive the industry in the long run. The segment is said to grow at a highest CAGR of over 5% from 2017 to 2024.

Prominent companies in the dicyclopentadiene market are Shell Chemicals, TCI Chemicals, LyondellBasell Industries Holdings B.V, Cymetech Corporation, Dow Chemical Company, Braskem, China Petrochemical Corporation, Texmark Chemicals, Maruzen Petrochemical, Chevron Phillips Chemical Company, NOVA Chemicals, Sunny Industrial System GmbH, Nanjing Yuangang Fine Chemical Co, and Zibo Luhua Hongjin New Material to name a few.

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