Dicyclopentadiene (DCPD) Market Size, Share, Trends, Industry Analysis Report: By Application (Unsaturated Polyester Resin, Hydrocarbon Resins, EPDM Elastomers, Cyclic Olefin Polymer (COP) & Copolymer (COC), and Poly-DCPD), Grade (High Purity, Polyester Grade, and Hydrocarbon Grade), and Region (North America, Europe, Asia Pacific, Latin America and the Middle East & Africa) – Market Forecast, 2025–2034
- Published Date:Nov-2024
- Pages: 116
- Format: PDF
- Report ID: PM5191
- Base Year: 2024
- Historical Data: 2020-2023
Dicyclopentadiene Market Overview
The Dicyclopentadiene Market size was valued at USD 849.44 million in 2024. The market is projected to grow from USD 882.48 million in 2025 to USD 1265.86 million by 2034, exhibiting a CAGR of 4.1% from 2025 to 2034.
The Dicyclopentadiene Market encompasses the production and distribution of dicyclopentadiene, a key raw material in the chemical industry used primarily in the synthesis of various polymers and resins. DCPD is integral to the manufacture of unsaturated polyester resins, which are used in a wide range of applications, including automotive parts, construction materials, and electrical components.
Key drivers of the market include the growing demand for durable and lightweight materials in the automotive and aerospace industries, as well as the increasing use of DCPD in electronics and infrastructure. Trends anticipated to influence the market are advancements in DCPD production technology, leading to more cost-effective and environmentally friendly processes, and a rising focus on sustainable materials and recycling.
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Dicyclopentadiene Market Drivers and Trends Analysis
Advancements in Production Technology
The DCPD Market is experiencing significant changes due to advancements in production technology. Innovations in catalytic processes and polymerization techniques have led to increased efficiency and cost-effectiveness in DCPD production. For example, improvements in the fluidized-bed catalytic cracking (FCC) method have enhanced yields and reduced operational costs. According to a 2023 study published in the Journal of Chemical Engineering, recent upgrades in FCC technology have improved DCPD production efficiency by approximately 15%. These technological advancements are crucial for meeting the rising demand for high-quality DCPD, especially in industries such as automotive and aerospace, where precision and performance are critical.
Expansion of Application Areas
The application areas for DCPD are broadening, driven by the material's versatility and the growing needs of various sectors. Traditionally used in unsaturated polyester resins, DCPD is now finding applications in newer domains, such as high-performance coatings and advanced composite materials. According to a 2024 report in Composites Science and Technology, the use of DCPD in advanced composites has grown by 20% over the past three years due to its excellent mechanical properties and resistance to chemical degradation. This expansion is fuelled by the increasing demand for automotive lightweight materials in sectors where DCPD-based products offer superior performance compared to traditional materials.
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Dicyclopentadiene Market Segment Analysis
Dicyclopentadiene Market Breakdown by Application Insights
The market by application is segmented into unsaturated polyester resin, hydrocarbon resins, EPDM elastomers, cyclic olefin polymer (COP) & copolymer (COC), and poly-DCPD. Among these, the unsaturated polyester resins segment holds the largest market share in 2024 due to the extensive use of these resins in industries such as automotive, construction, and marine. The durability, chemical resistance, and versatility of UPRs make them a preferred choice, contributing to their dominant position in the market. The increasing demand for lightweight and high-performance materials in various industrial applications such as automotive is fuerther propelling the segment growth.
The cyclic olefin polymer (COP) & copolymer (COC) segment is registering the highest growth owing to their superior optical clarity, low moisture absorption, and high thermal stability, which make them ideal for applications in packaging and medical devices. The rising demand for advanced materials in these sectors is propelling the growth of COP & COC applications. Additionally, the increasing emphasis on high-performance and specialty materials in technology-driven industries is further enhancing the growth prospects for this segment.
Dicyclopentadiene Market Breakdown by Grade Insights
The market by grade is segmented into high purity, polyester grade, and hydrocarbon grade. The high-purity grade segment holds the largest market share in 2024 due to its critical role in applications requiring stringent quality and performance standards, such as advanced polymers and electronics. High-purity DCPD is valued for its minimal impurities and consistent quality, which are essential for ensuring the reliability and performance of high-end applications. This segment's dominance is underpinned by the increasing demand for precise and high-quality materials in technology-driven industries.
The polyester grade DCPD is registering the fastest growth during the forecast period, driven by its extensive use in unsaturated polyester resins. These resins are crucial in various applications, including automotive parts, construction materials, and marine products, where the demand for lightweight and durable materials is rising.
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Dicyclopentadiene Market Breakdown by Regional Insights
By region, the study provides market insights into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific holds the largest share of the Dicyclopentadiene Market in 2024 due to its robust industrial base and rapid economic growth, particularly in countries like China, India, and Japan. The region's dominance is driven by extensive manufacturing activities, significant demand for unsaturated polyester resins in the automotive and construction sectors, and increased investments in infrastructure development. Additionally, the expansion of the electronics and packaging industries in Asia Pacific contributes to the high demand for high-performance materials such as DCPD. The region's favorable economic conditions, coupled with its growing industrial activities, solidify its position as the leading market for DCPD.
In Europe, the Dicyclopentadiene Market is characterized by a mature and well-established industrial base, with significant demand for high-quality materials in the automotive, aerospace, and construction sectors. The region's emphasis on technological innovation and stringent regulatory standards drives the demand for high-purity DCPD used in advanced applications. Additionally, the European market benefits from a strong focus on sustainability, leading to increased adoption of environmentally friendly production methods and recycled materials. Despite slower growth compared to Asia Pacific, Europe remains a key player in the Dicyclopentadiene Market due to its advanced manufacturing capabilities and commitment to high-performance materials.
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Dicyclopentadiene Market – Key Players and Competitive Insights
Key players in the Dicyclopentadiene Market include Shell Chemicals, ExxonMobil Chemical, and Chevron Phillips Chemical Company. These companies are actively involved in the production and distribution of DCPD and remain independent entities. Other significant players are LyondellBasell Industries, Repsol, and Idemitsu Kosan Co., Ltd., all of which contribute to the market with their advanced production capabilities and technological expertise. Additional participants include Saudi Basic Industries Corporation (SABIC), INEOS, and Mitsui Chemicals, Inc., known for their substantial presence and innovation in the chemical sector. Companies such as Tokuyama Corporation, BASF SE, and Formosa Plastics Corporation also play crucial roles in the Dicyclopentadiene Market . While some smaller firms like Westlake Chemical and Global Bio-Chem Technology Group are involved, they focus on niche segments within the broader market.
The competitive landscape in the Dicyclopentadiene Market is shaped by these key players’ diverse strategies and capabilities. Major companies like Shell Chemicals and ExxonMobil Chemical have a strong presence due to their extensive production networks and research facilities, enabling them to offer high-purity DCPD products for various applications. Their ability to leverage economies of scale and advanced technologies ensures a competitive edge in terms of cost efficiency and product quality. Meanwhile, companies such as LyondellBasell Industries and Chevron Phillips Chemical Company are enhancing their market positions through continuous innovation and the development of new applications for DCPD, catering to the growing demands in sectors like automotive and construction.
The DCPD Market benefits from a competitive environment where companies differentiate themselves through technological advancements and sustainable practices. For instance, companies like SABIC and INEOS are focusing on improving production efficiency and reducing environmental impact, which aligns with the increasing emphasis on sustainability in the industry. The market is also characterized by significant investments in research and development, with firms like Mitsui Chemicals and BASF SE pushing the boundaries of DCPD applications. These efforts not only address the evolving needs of end-users but also position these companies strategically within the market, allowing them to adapt to changing industry trends and consumer preferences effectively.
Shell Chemicals is a significant player in the Dicyclopentadiene Market , known for its extensive production capabilities and global presence. The company produces DCPD primarily for use in unsaturated polyester resins and other advanced applications.
ExxonMobil Chemical is another major participant in the Dicyclopentadiene Market , with a robust production network and a wide range of chemical products. The company's DCPD is used in several applications, including polymers and resins.
List of Key Companies in the DCPD Industry Outlook
- Shell Chemicals
- ExxonMobil Chemical
- Chevron Phillips Chemical Company
- LyondellBasell Industries
- Repsol
- Idemitsu Kosan Co., Ltd.
- Saudi Basic Industries Corporation (SABIC)
- INEOS
- Mitsui Chemicals, Inc.
- Tokuyama Corporation
- BASF SE
- Formosa Plastics Corporation
- Westlake Chemical
- Global Bio-Chem Technology Group
- PTT Global Chemical Public Company Limited
DCPD Industry Developments
- In July 2024, ExxonMobil Chemical launched a new initiative to enhance the efficiency of its DCPD production processes at its Baton Rouge, Louisiana facility. This initiative is designed to improve the environmental performance of its operations and increase the availability of DCPD to meet market demands.
- In August 2023, Shell Chemicals announced an investment in expanding its DCPD production capacity at its site in Moerdijk, Netherlands. This expansion aims to meet the growing demand for high-purity DCPD in various industrial applications and to support its global customer base.
Dicyclopentadiene Market Segmentation
By Application Outlook
- Unsaturated Polyester Resin
- Hydrocarbon Resins
- EPDM Elastomers
- Cyclic Olefin Polymer (COP) & Copolymer (COC)
- Poly-DCPD
By Grade Outlook
- High Purity
- Polyester Grade
- Hydrocarbon Grade
By Regional Outlook
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Netherlands
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Malaysia
- South Korea
- Indonesia
- Australia
- Vietnam
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Israel
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Mexico
- Brazil
- Argentina
- Rest of Latin America
Dicyclopentadiene Market Report Scope
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Report Attributes |
Details |
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Market Size Value in 2024 |
USD 849.44 Million |
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Market Size Value in 2025 |
USD 882.48 Million |
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Revenue Forecast in 2034 |
USD 1265.86 Million |
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CAGR |
4.1% from 2025 to 2034 |
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Base Year |
2024 |
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Historical Data |
2020–2023 |
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Forecast Period |
2025–2034 |
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Quantitative Units |
Revenue in USD Million and CAGR from 2025 to 2034 |
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Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
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Segments Covered |
|
|
Regional Scope |
|
|
Competitive landscape |
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Report Format |
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Customization |
Report customization as per your requirements with respect to countries, regions, and segmentation. |
FAQ's
The Dicyclopentadiene Market size was valued at USD 849.44 million in 2024 and is projected to grow to USD 1265.86 million by 2034.
The market is projected to register a CAGR of 4.1% from 2025 to 2034.
Asia Pacific holds the largest share of the global market.
Key players in the Dicyclopentadiene Market include Shell Chemicals, ExxonMobil Chemical, and Chevron Phillips Chemical Company. These companies are actively involved in the production and distribution of DCPD and operate as independent entities. Other significant players are LyondellBasell Industries, Repsol, and Idemitsu Kosan Co., Ltd., all of which contribute to the market with their advanced production capabilities and technological expertise.
The unsaturated polyester resin segment accounts for the largest share of the global market.
The high-purity segment accounts for the largest share of the Dicyclopentadiene Market .
Dicyclopentadiene (DCPD) is a chemical compound used primarily as a monomer in the production of various polymers and resins. It is a key raw material in the manufacture of unsaturated polyester resins, hydrocarbon resins, and other advanced materials. DCPD is valued for its role in enhancing the durability and performance of these materials across a range of industrial applications.
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