Global Dicyclopentadiene Market

Dicyclopentadiene Market Size, Share, Growth Analysis, By Type (DCPD Resin Grade, DCPD UPR Grade), By End-User (Automotive, Building & Construction), By Application (Unsaturated Polyester Resin, Hydrocarbon Resins), By Region -Industry Forecast 2025-2032


Report ID: SQMIG15A2461 | Region: Global | Published Date: January, 2025
Pages: 190 | Tables: 95 | Figures: 71

Dicyclopentadiene Market News

  • In July 2024, at its petrochemical site in Texas, ExxonMobil broadened the manufacture of Dicyclopentadiene. This is in order to live up to the increased demand that automotive plant and construction businesses are now creating. Increased and further secured production will also beef up the dicyclopentadiene-based product supply chain on which ExxonMobil markets itself.
  • In April 2024, Dow Chemical launched an innovative class of sustainable dicyclopentadiene-based resins intended towards reducing the carbon footprint of all manufacturing processes. Such environment-friendly resins, applicable in automotive and construction sectors, will help companies comply with even more stringent environmental adherence requirements. This development hast confirmed Dow Chemical's leadership in high-performance, low-impact material solutions.
  • In October 2023, Evonik industries ascended to the dicyclopentadiene market's peak after acquiring the leading dicyclopentadiene resin producer in Asia. Thus, Evonik has increased its advanced materials portfolio as well as its ability to supply high-grade dicyclopentadiene resins to rapidly developing automotive and construction markets in the Asia-Pacific region.
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Global Dicyclopentadiene Market size was valued at USD 811.01 Million in 2023 poised to grow from USD 856.42 Million in 2024 to USD 1,324.34 Million by 2032 growing at a CAGR of 5.6% in the forecast period (2025-2032).

The global dicyclopentadiene market has become highly competitive. Key players are focusing on innovations in products, strategic partnerships, and expansions in capacities. International headliners in dicyclopentadiene market include Shell Chemicals, ExxonMobil, Dow Chemical, and Evonik Industries and actively take part in enhancing dicyclopentadiene production technologies, expand their footprint, all with a view to meeting high-performance material demands in industries such as automotive, construction, electronics which drive growth and technology advancement in the market. 'Shell Chemicals (Netherlands)', 'ExxonMobil (USA)', 'Dow Chemical (USA)', 'Evonik Industries (Germany)', 'LyondellBasell Industries (Netherlands)', 'Covestro (Germany)', 'Reliance Industries Limited (India)', 'Huntsman Corporation (USA)', 'SABIC (Saudi Arabia)', 'Mitsui Chemicals (Japan)', 'Braskem (Brazil)', 'Shenzhen Sinuo Industrial Co., Ltd. (China)', 'Zhejiang Materials Industry Group Corp. (China)', 'Nizhnekamskneftekhim (Russia)', 'CNPC (China National Petroleum Corporation) (China)'

The tremendous increase in demand for lightweight materials in understanding and strategic industries such as automotive and aerospace has been a major driving factor for the increase in global dicyclopentadiene market growth. dicyclopentadiene-based resins give strength without adding unnecessary weight, improving the efficiency of fuel and performance of the entire system. In a way, this trend is very instrumental in making use of dicyclopentadiene in high performance applications.

Rising Demand for Eco-friendly DCPD-based Products: In the global dicyclopentadiene market, a key trend comprises an increasing craving for sustainable, environment friendly dicyclopentadiene-based resins. Most industries are working towards reducing their carbon footprints and meeting very stringent environmental regulations, thus creating a market for dicyclopentadiene-based products like that found in automotive, construction, and coatings applications.

Asia Pacific dominates the global dicyclopentadiene market due to its rapidly growing industrial sectors, including automotive, construction, and electronics. That strong manufacturing industry of the region, especially in countries like China, India, or Japan, create the demand for advanced materials such as dicyclopentadiene-based resins. Rapidly diversifying from high reliance upon low-cost and low-density perishable materials into lightweight, durable yet reliable and cost-effective materials for all sorts of applications, the automotive and infrastructural assemblies propel the development of this market. Also, government measures aimed toward infrastructure and construction development projects of green buildings according to the general capability of large-scale production, have cemented the status of Asia Pacific as a leader in the dicyclopentadiene market and a powerhouse of innovation and consumption.

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Global Dicyclopentadiene Market

Report ID: SQMIG15A2461

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