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Dicyclopentadiene (DCPD) Market Analysis - Trends, Share & Forecast 2030

The dicyclopentadiene (DCPD) market is set to register robust growth through 2030 owing to increasing product demand in the automotive industry. Additionally, rising awareness pertaining to the benefits of DCPD in varied industries is likely to further propel market growth over the forecast period.

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Dicyclopentadiene (DCPD) Market Analysis - Trends, Share & Forecast 2030

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  1. Dicyclopentadiene (DCPD) Market Analysis - Trends, Share & Forecast 2030 Fuel Cell Market size worth $25.5bn by 2024

  2. KeyInsights from Dicyclopentadiene (DCPD) Market: • The dicyclopentadiene (DCPD) market is set to register robust growth through 2030 owing to increasing product demand in the automotive industry. Additionally, rising awareness pertaining to the benefits of DCPD in varied industries is likely to further propel market growth over the forecast period. • Recently, to accommodate prevalent consumer needs, key participants operating in the dicyclopentadiene market have been focusing on research, product innovation, and diversifying their offerings, which has been lucrative for business growth. For instance, in December 2021, ExxonMobil Chemical Co., a key company in the dicyclopentadiene (DCPD) market, acquired Materia Inc., a California-based thermoset resin provider specializing in the Nobel Prize-awarded technology designed to produce a new class of thermoset resins called the Proxima thermosets.

  3. Continued... • The Proxima systems are formulated by mixing dicyclopentadiene and other additives & co-monomers. They can be utilized in various applications, such as electric vehicle (EV) components, anticorrosive coatings, wind turbine blades, and sustainable construction. With this acquisition, ExxonMobil intended to expand the application of Proxima resins to the manufacturing of electronic vehicle parts as well as sustainable construction projects. • In another notable instance, in March 2022, a research study conducted by a team at Flinders University introduced a new smart coating. The novel multi-functional coating is made with sulfur and dicyclopentadiene and can prevent water and acid damage on concrete surfaces, corrosion, and solvent damage. It can also capture toxic metals like mercury, and hence, has huge potential in the oil & gas industry. • The dicyclopentadiene (DCPD) market has been bifurcated on the basis of application, grade, and region.

  4. Browse key industry insights spread across 250 pages with 342 market data tables & figures from the report, “Dicyclopentadiene (DCPD) Market” in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/dicyclopentadiene-dcpd-market Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/2424

  5. Continued... • With respect to application, the market has been segmented into unsaturated polyester resin, EPDM elastomers, poly-DCPD, hydrocarbon resins, COC & COP, and others (pesticides, flame retardants, etc.). Among these, the poly-DCPD segment is set to experience robust expansion at around 4.9% CAGR through the assessment period. In addition, the dicyclopentadiene market share from the others segment is projected to grow at a CAGR of nearly 4.3% over the analysis period. • Based on grade, the dicyclopentadiene (DCPD) market has been divided into high purity grade, hydrocarbon resin grade, polyester grade (UPR), and other grade. Among these, the other grade segment is set to witness massive growth at a CAGR of approximately 4.2% over the forecast timeline.

  6. Continued... • On the regional front, the dicyclopentadiene (DCPD) industry in the Latin America region is expected to grow at a CAGR of more than 4.9% over the assessment period. Meanwhile, the Middle East & Africa dicyclopentadiene (DCPD) market is poised to develop exponentially over 2022-2030 owing to rising construction activities in the MEA region. • Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

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