Global Dicyclopentadiene Market – Increasing Demand from Asian Countries to Boost Growth | Technavio

January 29, 2018

LONDON–(BUSINESS WIRE)–#Research–The global
dicyclopentadiene (DPCD) market is expected to grow at a CAGR of
more than 5% during the period 2018-2022, according to a new market
research study by Technavio.

The report categorizes the global dicyclopentadiene market based on
application which includes UPR, Hydrocarbon resins, EPDM elastomers, and
Poly-DCPD. The report also determines the geographic breakdown of the
market in terms of detailed analysis and impact, which includes key
geographies such as APAC, the Americas, and EMEA.

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Market driver: growing demand from Asian countries

In terms of revenue, APAC contributes to almost half of the DCPD market
share. The developing economies in this region are fostering the growth
in the DCPD
market. For instance, DCPD is used in manufacturing poly-DCPD.
APAC is the largest consumer of poly-DCPD. Poly-DCPD is used in
manufacturing body panels for trucks, buses, tractors, and big
containers. Countries like China and India are growing rapidly, and
there is a huge demand for tractors in the agricultural sector. The
emphasis is also on developing public transportation, which is fostering
the demand for buses. This will subsequently foster the demand for DCPD.

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Market trend: increasing demand for bio-based EPDM

Owing to the increasing concern toward the harmful effect of certain
products on the environment and regulations imposed by government
bodies, manufacturers are investing in R&D activities to develop
environment-friendly products.

Ethylene can be used as one of the key raw materials in the production
of EPDM. Considering the weight of ethylene used in the final EPDM
composition, EPDM can be 50%-70% bio-based. This is because ethylene is
produced from ethanol, and ethanol is obtained from sugar cane. Sugar
cane is a natural and renewable source. LANXESS offers bio-based EPDM in
Brazil.

According to a senior analyst at Technavio for specialty
chemicals research, “Bio-based EPDM is eco-friendly as it
lowers greenhouse gas emission and leaves a smaller carbon footprint.
The current market for bio-based EPDM is quite small, however, it is
expected to grow at a steady pace in the coming years. With the
development of new grades and new applications, the demand for EPDM or
bio-based EPDM will grow, and it will also foster the demand for DCPD.”

Market challenge: toxic effects and health hazards of DCPD

DCPD which is the tricyclic form of CPD, it is one of the most toxic of
the cycloolefin compounds. DCPD can cause irritation to eyes, skin, and
respiratory system in humans. It has low toxicity on skin contact but is
extremely harmful if inhaled. If DCPD is swallowed, it can cause severe
lung inflammation and lung edema. The risks and health hazards
associated with DCPD are the major challenges of the global DCPD market.

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Some of the contributors in the market

DowDuPont
Ningbo Jinhai Chenguang Chemical Corporation
NOVA Chemicals Corporation
Shandong Qilong Chemical
Sojitz Corporation
TEXMARK CHEMICALS

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