Global DCPD Resin Market is Projected to Grow at a CAGR of around 7% During 2021-2027
Published | 15 January 2021
According to BlueWeave Consulting, the global DCPD resin market worth USD 655 Million in 2020, and is further projected to reach USD Million by 2027, growing at a CAGR of around 7% during 2021-2027 (forecast period). DCPD resin is a highly reactive thermoplastic resin formed by a Diels-Alder addition reaction of two cyclopentadiene molecules yielding 2 stereoisomers. (Endo and Exo). It functions as a reactive diluent, cross-linking agent, and curative.
There has been a steady growth in the construction and automotive sectors. DCPD is used to produce unsaturated polyester resin, which is extensively used in the construction industry.
High demand for high-quality optical lenses is likely to drive the DCPD market.
DCPD is widely used in many industries, such as – Paints and coating, tackifiers, hot melt adhesives, EDPM rubber, etc. but one of the major areas of application for DCPD is the production of high-quality optical lenses. The global optical lens market is likely to be worth more than USD 25 Million by 2027, which will directly contribute to the growth of the DCPD market.
Increasing phthalic anhydride use as a DCPD substitute is likely to hamper the growth of the DCPD resin market.
The use of phthalic anhydride as a substitute for DCPD resin in boat making will restrict the growth of the DCPD resin market. Environmental concerns associated with E&P activities including wastewater treatment in enhanced oil recovery methods are also likely to put a negative effect on the growth of the DCPD resin market.
UPR (Unsaturated Polyester Resin) was leading the market is likely to again drive the market.
DCPD has a wide range of usages but it forms unsaturated ester resins with very unique properties. UPR (Unsaturated Polyester Resin) has low linear shrinkage, enhanced oxidative and thermal resistance, and improved processability. This is why UPR is particularly suited for the manufacture of large glass fiber, reinforced plastic articles including sanitary-ware, tanks, pipes, gratings, and high-performance components for the marine and transportation.
Global DCPD Resin Market: Regional insights
The DCPD resin market on a global scale is divided into Asia Pacific, North America, South America, Europe, and the Middle East. Asia Pacific region is likely to witness the highest growth rate due to growing investment from several big firms, rapidly increasing industrialization, and the presence of several automotive and construction businesses in the region.
South America is projected to witness average market growth due to economic developments coupled with increasing consumer disposable income in the region. Europe is most likely to have a below-average growth rate due to the mature DCPD market.
Global DCPD Resin Market: Competitive Landscape
The leading players in the global DCPD Resin market include Brasken, Cymetech (Owned by Sojitz), Reliance Industries, Henghe Petrochemical Co., Ltd, Shandong ShenxianRuisen Petroleum Resins Co., Ltd, Cepsa, Mitsui Chemicals, Ineos Phenol, ExxonMobil, Rain carbon, Zeon Corporation, Idemitsu, Puyang Changyu Petroleum Resins, Lesco, Kolon Hydrocarbon, PuyangTiancheng Chemical Co. Ltd. Arakawa Chemical Industries, Eastman Chemical Company, BASF, Dow Chemicals, and other prominent players.
Major players are engaged in mergers and acquisitions, expansion of their manufacturing facilities, infrastructural growth, investment in R&D facilities, and the quest for opportunities to expand vertically through the value chain.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of global DCPD Resin market size & forecast. The report promises to provide recent technology trends of the DCPD Resin market and industry insights that help decision-makers to make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
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