Skip to main content

Dicyclopentadiene (DCPD) Market: Rising Demand for Lightweight Vehicles to Boost Consumption | 2025

The global dicyclopentadiene (DCPD) market features a largely fragmented competitive landscape, with the leading five vendors in the market cumulatively accounting for a 41% of the overall market in 2016. The intense competition has compelled companies to focus on new regional markets and expansion of existing production sites. Strategic acquisition of regional and local manufacturers, and addition of sales and distribution channels are other key growth strategies opted by manufacturers wishing to strengthen their hold on the market.

For instance, in 2016, Braskem, one of the key manufacturers of LDPE started operations in Veracruz State, South of the Gulf of Mexico with the joint venture Braskem Idesa. The company expects the production of 300 kilo tons of LDPE every year, adding to its present global capacity.
Transparency Market Research estimates that the global dicyclopentadiene market, valuing at US$561.8 mn in 2016, will exhibit a 5.5% CAGR from 2017 to 2025 and rise to a valuation of US$902.3 mn by 2025.
Asia Pacific Market to Continue to Expand at Healthy Pace
Unsaturated polyester resin application dominated the global dicyclopentadiene market, accounting for a more than 40% volume share in 2016. This application is projected to grow at a CAGR of 5.3% from 2017 to 2025, retaining dominance. In terms of geography, the DCPD market in Asia Pacific held the dominant share of over 50% in the global market in terms of value in 2016. The regional market is expected to remain a highly attractive segment during the next few years as well. The region is estimated to offer lucrative opportunities for the DCPD market in the near future chiefly owing to the vast expansion of the lightweight vehicles market.
Fill the form for an exclusive sample of this report @ https://goo.gl/DqkgVC
DCPD offers high strength, fatigue resistance, and stiffness and are therefore used to manufacture wind turbine blades, nacelles, blade shells, and rotor blades. Consumption of DCPD in wind blade manufacturing has significantly increased due to technological advancements in the past few years.
High Demand across Automotive Industry to Remain Key Growth Driver
Rise in demand for low-cost and energy-efficient vehicles that do not compromise upon performance is currently a huge challenge faced by OEMs. As decrease in vehicle weight helps meet the demand for fuel-efficient and low-cost vehicles, composites produced with the usage of poly-DCPD, which help bring down the weight of vehicles substantially without compromising upon the performance of the vehicle, are often preferred. Thus, the rise in demand for composite-based wind blades and towers and fuel efficient lightweight vehicles are likely to remain the key drivers of the global DCPD market during the forecast period.
High Costs to Slightly Affect Market Growth Prospects
One of the key restraints hindering the overall growth prospects of the global DCPD market is the high cost of processing involved in producing high purity DCPD. DCPD recovered from the process of naphtha cracking contains different amounts of co-dimers. These co-dimers carry the risk of reacting with other raw materials during the production of unsaturated polyester resins. The presence of these impurities necessitates advanced processing so as to avoid unwanted secondary reactions in DCPD processing, leading to increased process cost. This factor is expected to hamper the DCPD market in the near future.
For the study, the global DCPD market has been segmented in the report as follows:
Dicyclopentadiene Market – By Application
  • Unsaturated Polyester Resin
  • Hydrocarbon Resins
  • EPDM Elastomers
  • COC & COP
  • Poly-DCPD
  • Others (Pesticides, Flame retardants, etc.)

This review of the global dicyclopentadiene market is based on a recent market research report published by Transparency Market Research, titled “Dicyclopentadiene (DCPD) Market (Application - Unsaturated Polyester Resin, Hydrocarbon Resin, Ethylene Propylene Diene Monomer (EPDM) Elastomers, Cyclic Olefin Polymer (COP) and Cyclic Olefin Copolymer (COC), Poly DCPD, Pesticide, and Flame Retardant) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017 - 2025.”
Labels:
Location: Albany, NY 12207, USA

Comments

Post a Comment

Popular posts from this blog

Superabrasives (Turning, Cutting, Buffing, Drilling, Boring, Grinding) Market Research Report 2025

An abrasive is a material which molds or provides finishing to a work piece through a process which includes buffing, grinding, cutting, as well as polishing. Abrasion typically depends on the difference in the hardness of the material and the abrasive (with the latter being the harder of the two). Unlike regular abrasion where any two solid materials that repeatedly rub against each other tend to wear away, superabrasives possess the kind of hardness that enables them to stay usable for a longer period of time. On the basis of hardness, the top two superabrasives include diamond and cubic boron nitride (CBN). Industrial diamonds used as superabrasives are exceptionally hard materials. However, they display several technological limitations. For instance, when a diamond comes in contact with a ferrous alloy such as steel or a nickel superalloy, the resulting formation of carbide leads to its abrasion. Also, a diamond-containing tool can only be used at moderate temperatures a...
Post a Comment
Read more

Industrial Lubricants Market: Strong Demand Across Automotive Industry, Trends To 2025

Lubricants refer to the organic or inorganic material primarily being use to decrease friction between two surfaces in contact. Lubricants play a key role in several industries as well as in commercial and residential sectors. One of their most common uses is in the lubrication of bearings and gears, allowing for their easy movement at high speeds, without loss in energy, prevent excessive generation of heat, or most importantly, prevent damage that would be caused otherwise. Industrial lubricants are, therefore, essential in enhancing the overall efficiency of a machine that contains moving parts in contact with one another. The global industrial lubricants market is currently expanding at a solid growth rate, driven by several factors and spearheaded by the likes of BP, Total, Chevron Corporation, ExxonMobil, and Shell. Browse Market Research Report @  http://www.transparencymarketresearch.com/industrial-lubricants-market.html What Impact has the Oil and Gas Industry ...
Post a Comment
Read more

Rapid Prototyping Market - Rapidly Gaining Importance in Aerospace Sector, Research By 2024

Rapid prototyping is a technique in which the physical modeling of a design is done with the help of specialized machining technology. It was developed initially in the mid-1980s, the principle used in this technology is of solid modeling with the help of computer programs (i.e. CAD). Solid modeling makes use of computer aided-design (CAD) data to completely describe not just the external shape of parts or equipment, but its interior volume as well as the outside surfaces. The computer model is sliced into thin layers and the part of the product or commodity to be modelled or developed as per the requirement, is eventually fabricated by adding layers onto each other. Obtain Report Details @   http://www.transparencymarketresearch.com/rapid-prototyping-market.html The primary benefit of the system is that almost any shape can be manufactured using computerized programs. Time and money savings vary from 50% to 90% compared to conventional systems. Types of rapid proto...
Post a Comment
Read more