Dicyclopentadiene (DCPD) is a dimer of cyclopentadiene. It is a white crystalline compound that has camphor like smell. It is manufactured in bulk quantities with the help of steam cracking of C5 petroleum products. Generally, these products are crude oil, naptha, gas oils, and others. Governments in different regions such as North America and Europe have now issued stricter regulations and mandates on the emissions of styrene. Thus, the producers are now concentrating on developing newer technologies, which will help in cutting down styrene emissions. Such developments will help in increasing usage of Dicyclopentadiene as a raw material to cut down the content of styrene in the unsaturated polyester resins to 35% from 45%.
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In recent years, there have been growing demand for EPDM elastomers. This growing demand is across both developing as well as developed regions for a broad range of applications across a number of end user industries. Poly-DCPD provides a superior resistance at lower temperatures and is generally preferred over the regular polymers since they often become brittle at such low temperatures. Thus, they are used for producing body panels for construction equipment, buses, tractors, trucks, and others. Production of cyclic olefin copolymers (COC) and cyclic olefin polymers (COP) requires highly purified form of DCPD for their use in different applications such as high performance films, high quality lenses, high density electronic storage media, and optical disks among others. These segments of COP and COC and poly DCPD are projected to witness a highly promising demand in the coming years of the forecast period.
The competitive landscape of the Dicyclopentadiene market is highly fragmented in nature. This is due to the fact that there are several notable players operating in the global market. The competition in the global market is expected to intensify in the coming years as the companies try to occupy the top spot and generate more profits.
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Global Dicyclopentadiene (DCPD) Market: Snapshot
Dicyclopentadiene (DCPD), a dimer of cyclopentadiene, is a white crystalline chemical compound with camphor-like odor. It is produced in bulk quantities through steam cracking of C5 petroleum products such as gas oils, naphtha, and crude oil. Governments in regions such as Europe and North America have passed strict regulations on styrene emissions. Therefore, manufacturers are focusing on developing technologies that help reduce styrene emissions. These developments entail usage of DCPD as a raw material to decrease the styrene content in unsaturated polyester resins from 42% to 35%.
According to the report, the global dicyclopentadiene market was valued at US$561.8 mn in 2016 and is anticipated to reach US$902.3 mn by 2025, expanding at a CAGR of 5.5% from 2017 to 2025.
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Unsaturated Polyester Resins to Continue to Benefit from Increased Usage in Lightweight Vehicles
In terms of application, the segments of hydrocarbon resins, unsaturated polyester resins, and EPDM elastomers are anticipated to witness expansion at healthy rates during the next few years. Demand for unsaturated polyester resins is high due to its excellent functional and mechanical properties such as low weight and corrosion and heat resistance. Thus, these resins are used in a wide range of end-user industries such as building and construction, marine, automotive, and plastics. EPDM elastomers offer incomparable resistance to steam, heat, water, and ozone. They possess long duration withstanding properties and are therefore considered as effective choice for applications such as architectural and window seals, and tubing.
Demand for EPDM elastomers is expected to be high in developing as well as developed regions for a varied range of applications across numerous end-use industries. Poly-DCPD offers good impact resistance at lower temperatures and is preferred over other polymers since other polymers becomes brittle at low temperatures. Therefore, it is used to manufacture body panels for trucks, buses, tractors and construction equipment. Manufacturing of cyclic olefin polymers (COP) and cyclic olefin copolymers (COC) necessitates highly pure grade of DCPD for use in in applications such as optical disks, high-density electronic storage media, high-quality lenses, and high-performance films. The segments of COC and COP and poly-DCPD are estimated to expand at a moderate rate across all regions in the near future.
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