Dicyclopentadiene Market: By Grade (DCPD Resin, DCPD UPR, DCPD High Purity) By Application (Unsaturated Polyester Resin (UPR), Hydrocarbon Resins, Ethylene Propylene Diene Monomer (EPDM) Elastomers, Cyclic Olefin, Poly-DCPD and Others) By End User (Building and Construction, Automotive, Marine, Electrical and Electronics and Others) and Geography

Dicyclopentadiene Market size was valued at USD 1,027.5 million in 2022 and is expected to grow at a 6.1% CAGR from 2022-2028. Certain resins and insecticides are produced using DCPD as a chemical intermediary. Additionally, it goes into the creation of paints, varnishes, and plastic flame retardants. The market is expanding quickly because of the goods widespread use in the automotive and maritime industries. The DCPD resin's unique qualities make it a popular choice for vehicle coverings like hoods and shields as well as the outer bodies of trucks, vehicles, and machines. In the automotive and other industries, the product is chosen over thermoplastic polymer because it addresses automotive difficulties and lowers costs on the assembly line by consolidating parts which fuels the market growth.

A superior surface look is also provided by the product, which is made possible using appropriate tools. Further Changes in consumer preferences in an expected economic downturn scenario, keeps changing to industrial policies to align with growing environmental concerns, massive fluctuations in raw material costs caused by prevailing geo-political tensions, and expected economic turbulences are identified as key challenges to be addressed by Dicyclopentadiene industry players in the short- and medium-term forecast. Additionally, unsaturated polyester resin is often used in the construction industry. The construction industry is expanding across Asia, the Middle East, and North America as a result of rising investments in the residential and non-residential sectors to develop new infrastructure and environmentally friendly buildings. In addition, Because of growing concerns about the harmful effects of certain products on the environment, R&D activities to develop environmentally friendly products, such as bio-based ethylene propylene diene monomer (EPDM), seem to be probably continue providing opportunities for the dicyclopentadiene market over the next five years. Further Investments in the dicyclopentadiene market will be focused on acquiring new technologies, obtaining raw materials, effective procurement/inventory, strengthening product portfolios, and leveraging skills to maintain growth during difficult times are anticipated to fuel the growth market.

Dicyclopentadiene Market Key Developments:

• In October 2021, Ravago Chemicals purchased KH Chemicals. Ravago's acquisition of KH Chemicals will significantly expand the company's basic chemical capabilities.