Dicyclopentadiene Market size was over USD 1.06 billion in 2024 and is estimated to reach USD 1.96 billion by the end of 2037, expanding at a CAGR of 5.2% during the forecast timeline, i.e., 2025-2037. In 2025, the industry size of the dicyclopentadiene is assessed at USD 1.12 billion.
The demand for DCPD is growing due to the heavy usage of the components in automobile manufacturing, particularly electric vehicles. With the increasing adoption of sustainable transportation, the need for such high-performing composite material is inflating.
Automakers are utilizing the material to manufacture lightweight and durable body structures, enhancing EV performance. For instance, in February 2023, Wardwizard launched MIHO, an e-bike with advanced storage capacity and comfort. The new electric scooter is built with polydicyclopentadiene, offering resistance to high impact, chemical corrosion, and high heat deflection temperature. This is further creating a new genre of consumer base, enlarging the DCPD market. The industry is now expanding with the penetration of advancements in production methods and new formulations.
Growth Drivers
Challenges
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
5.2% |
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Base Year Market Size (2024) |
USD 1.06 billion |
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Forecast Year Market Size (2037) |
USD 1.96 billion |
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Regional Scope |
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Grade (High Purity, Hydrocarbon Grade, Polyester Grade)
By 2037, high purity segment is likely to dominate over 42% dicyclopentadiene market share. The growth of this segment is majorly driven by the growing demand for DCPD with 99% or higher purity level for specialized applications such as polymer production and chemical synthesis. The performance of fine chemicals including synthetic lubricants and plasticizers highly depends on the purity of this composite material. Using high purity DCPD can elevate the quality and durability of such end products, meeting strict industry standards. This creates a stable and large consumer base, inspiring companies to introduce new methods for achieving such a purity level.
Application (Hydrocarbon Resins, EPDM Elastomers, Cyclic Olefin Polymer (COP) & Copolymer (COC), Unsaturated Polyester Resin, Poly-DCPD)
Based on the application, the unsaturated polyester resin segment is estimated to generate remarkable revenue from the dicyclopentadiene market by the end of 2037. According to a Research Nester report, the global unsaturated polyester resin is expected to reach USD 30.3 billion by the end of 2037. The enhanced mechanical properties of these resins also contribute to the production of fiberglass-reinforced composites for the construction and automotive sectors. In addition, unsaturated resins are employed in the marine industry due to their utilization for corrosion resistance and structural integrity. Moreover, the increased production of chemicals has inflated the demand for DCPD.
Our in-depth analysis of the market includes the following segments:
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Grade |
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Application |
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APAC Market Statistics
By the end of 2037, Asia Pacific dicyclopentadiene market is set to dominate around 37.8% revenue share. Having large reservoirs of raw materials, the region has fostered an uninterrupted supply for manufacturing DCPD-based products. These chemicals are further used by the well-developed automotive industry for producing structural components including body panels and bumpers. Many domestic companies are now expanding their supply chain in the international market. For instance, in April 2020, SONGWON extended its partnership with Biesterfeld to introduce its portfolio of functional monomers to produce bonding agents in Europe. The new addition to the collaboration includes DCPD to optimize the properties of special binders.
India plays a pivotal role in the supply-demand chain of the global DCPD market due to its strong petrochemical industry. Several processing plants in major industrial hubs such as Gujarat and Maharashtra have positively contributed to the mass production of DCPD products in this country. Growing applications in automotive, construction, and electronics have inflated the demand for resins, synthetic rubber, and various chemical intermediates. This has further increased the need for DCPD-based materials to support such manufacturing volume.
The continuous investment in petrochemical technology and research has led to innovation in the China dicyclopentadiene (DCPD) market. Many companies and research institutions are now focusing on developing new methods of DCPD production to strengthen its international exports. The strict government policies are also pushing manufacturers to innovate cleaner ways of producing sustainable products. This is further leading to higher production capacity, solidifying the country’s position as one of the biggest DCPD exporters.
North America Market Analysis
North America is showing great potential for growth in the dicyclopentadiene market during the forecast period, 2025-2037. The regional development is driven by the large industrial presence and expansion of automotive, construction, and chemical manufacturing. The evolving landscape of this region is highly influenced by the innovation in extraction methods from petroleum and natural gas. This presents a promising future with better availability and lower production costs. The increment in the construction industry in developing countries has also inflated the demand for materials for manufacturing pipes, tanks, and composite panels.
The U.S. is one of the leading suppliers of the dicyclopentadiene (DCPD) market in the North America region. With access to the reservoir of raw materials in Texas, many domestic companies have benefited from their production due to the expansion of the oil and gas industry. The leaders are now focusing on integrating advanced technologies to accelerate their manufacturing process to supply the increasing demand for DCPD-based products. For instance, in May 2018, Texmark Chemicals collaborated with Hewlett Packard Enterprise to deploy IoT technology and Wi-Fi connectivity for managing its huge production of DCPD.
Canada is also slowly but steadily paving its progress in the dicyclopentadiene (DCPD) market through its large oil sands reserves such as Alberta. Such availability of raw materials is influencing the DCPD production capacity of this country. Many ongoing infrastructural development and renewal projects are also creating a steady demand for DCPD-based materials, especially in water management. Domestic and international companies are now introducing innovative methods to push production higher to supply the growing industrial need for resins, coatings, and specialized chemicals.
The current dynamics of the dicyclopentadiene sector are focused on increasing production quality and quantity by introducing advanced extracting methods. Many key players are now expanding their product portfolio to supply the growing demand. For instance, in December 2019, SONGWON expanded its range of DCPD resins, ERM-6100. The company introduced the new dicyclopentadiene epoxy resin modifier range at the European Coatings Show in the same year. The new range has also been approved to be used as a hardener for specialty resins such as benzoxazine in high-performance electronic packaging. This expansion further inspires other leaders to increase their reach overseas.
Such key players include:
Author Credits: Rajrani Baghel
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