Global Dicyclopentadiene (DCPD) Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2032

Dicyclopentadiene (DCPD) Market Size

• The global dicyclopentadiene (DCPD) market size was valued at USD 1.32 billion in 2024 and is expected to reach USD 1.98 billion by 2032, at a CAGR of 5.20 % during the forecast period
• This growth is driven by factors such as the increasing demand for DCPD in the production of resins, composites, and fuel additives across various industries including automotive, construction, and electronics

Dicyclopentadiene (DCPD) Market Analysis

• The dicyclopentadiene market is witnessing significant growth due to the increasing demand for high-performance materials such as resins and composites used in the automotive and construction sectors
• The growing adoption of sustainable materials in various industries is driving the demand for dicyclopentadiene, especially in applications such as fuel additives and specialty chemicals
• North America is expected to dominate the Dicyclopentadiene (DCPD)s market due to rapid industrialization, high demand in automotive and construction, and significant production capacity in countries such as China and India
• Asia-Pacific is expected to be the fastest growing region in the Dicyclopentadiene (DCPD) market during the forecast period due to increasing demand for sustainable materials and growing end-use applications in industries such as automotive and construction
• Unsaturated Polyester Resin segment is expected to dominate the market with a market share of 21.5% due to its widespread application in the production of composites and resins for automotive, construction, and marine industries

Report Scope and Dicyclopentadiene (DCPD) Market Segmentation 

Dicyclopentadiene (DCPD) Market Trends

“Increasing Adoption of Sustainable and Bio-Based Materials​”

• Manufacturers are focusing on developing environmentally friendly alternatives to traditional dicyclopentadiene products to meet growing consumer demand for sustainable solutions 
  • For instance, the development of bio-based ethylene propylene diene monomer elastomers using renewable resources is gaining traction in the automotive and construction industries
• Companies are investing in research and development to create high-performance, eco-friendly formulations that maintain product efficacy while reducing environmental impact 
  • For instance, leading chemical manufacturer collaborating with research institutions to develop a dicyclopentadiene derivative with a lower carbon footprint for use in the automotive industry
• This shift towards sustainability is influencing product innovation and positioning within the market, aligning with global trends toward greener manufacturing practices
• Furthermore, several dicyclopentadiene producers are exploring recycling options to reuse the by-products from the production process, creating a circular economy model within the industry

Dicyclopentadiene (DCPD) Market Dynamics

Driver

“Increasing Usage in The Production of Advanced Composite Materials”

• The growing demand for lightweight and durable materials in industries such as automotive, aerospace, and construction is driving the use of dicyclopentadiene in composite materials production
• Dicyclopentadiene-based resins are critical for creating fiberglass and carbon fiber composites, which are widely used in manufacturing fuel-efficient and high-performance vehicles 
  • For instance, major automotive manufacturers such as General Motors are increasingly using lightweight composite materials to improve vehicle fuel efficiency
• In the automotive sector, there is a surge in demand for composite materials that help reduce vehicle weight and improve fuel efficiency, which is increasing the need for dicyclopentadiene. As seen with Tesla, the use of composite materials in electric vehicles to enhance range and energy efficiency has spurred further demand for these resins
• Dicyclopentadiene is being utilized in high-performance polymers for electrical and electronic components, supporting the market growth due to technological advancements in these industries.  
  • For instance, DCPD is used in the production of high-performance coatings in consumer electronics, improving their durability and lifespan
• As construction activities grow, especially in emerging markets, the demand for composite materials such as dicyclopentadiene in roofing, flooring, and insulation continues to increase, further driving the market expansion. In India, the increasing demand for sustainable and energy-efficient building materials is leading to higher use of composite materials in infrastructure projects

Opportunity

“Growing Trend Toward Bio-Based and Sustainable Chemicals”

• The growing shift towards bio-based and sustainable chemicals is creating significant opportunities for the dicyclopentadiene market
• With increasing environmental concerns, industries are exploring renewable alternatives to petroleum-based chemicals, including bio-based dicyclopentadiene 
  • For instance, researchers in Europe have been exploring ways to produce bio-based dicyclopentadiene from plant oils and waste biomass, reducing reliance on fossil fuels
• The development of bio-based dicyclopentadiene is in line with stringent regulatory standards for sustainability and carbon reduction. Automotive manufacturers, such as BMW, are incorporating bio-based resins and composites to produce eco-friendly vehicle parts, enhancing their sustainability credentials
• As consumer preferences continue to move toward environmentally friendly products, the demand for bio-based materials is expected to grow, offering a new avenue for dicyclopentadiene. Companies are now leveraging bio-based production methods to meet these consumer demands while reducing environmental impact
• Advanced manufacturing techniques that enhance the yield and cost-effectiveness of bio-based dicyclopentadiene are creating lucrative growth opportunities 
  • For instance, the development of cost-efficient and scalable processes for bio-based production is helping manufacturers expand their market share and improve sustainability

Restraint/Challenge

“Volatility in Raw Material Prices”

• Volatility in raw material prices is a major challenge for the dicyclopentadiene market due to its dependence on crude oil refining, making it vulnerable to fluctuations in global oil prices
• Geopolitical tensions and natural disasters often cause significant shifts in oil prices, creating instability in production costs for dicyclopentadiene 
  • For instance, the oil price crisis in 2020 due to the COVID-19 pandemic had a direct impact on the cost of raw materials
• The growing demand for renewable and bio-based alternatives creates a challenge for traditional dicyclopentadiene production methods, as transitioning to bio-based production requires significant investment in new technologies and infrastructure
• The high research and development costs associated with bio-based alternatives could slow the adoption of greener production methods, limiting the market’s ability to meet sustainability goals and respond to consumer demand for eco-friendly products
• Health and environmental concerns surrounding certain dicyclopentadiene derivatives, especially in large-scale industrial applications, require manufacturers to comply with stricter regulations, potentially increasing production costs and impacting overall market growth

Dicyclopentadiene (DCPD) Market Scope

The market is segmented on the basis grade, application, and end use

In 2025, the High Purity Grade is projected to dominate the market with a largest share in grade segment

The high purity grade segment is expected to dominate the Dicyclopentadiene (DCPD) market with the largest share of 42.5% in 2025 due to its critical role in producing flavours and fragrances, cyclic olefin copolymers, antioxidants, and other specialty chemicals.

The Unsaturated Polyester Resin is expected to account for the largest share during the forecast period in application market

In 2025, the Unsaturated Polyester Resin segment is expected to dominate the market with the largest market share of 21.5% due to its to its widespread application in various industries and its cost-effective properties. This segment's dominance is attributed to the increasing demand for lightweight, durable, and corrosion-resistant materials in sectors such as automotive, construction, and marine.

Dicyclopentadiene (DCPD) Market Regional Analysis

“Asia-Pacific Holds the Largest Share in the Dicyclopentadiene (DCPD) Market”

• Asia-Pacific is the dominating region in the dicyclopentadiene market due to its strong industrial base and large-scale production capacity
• The region accounts for a significant share in the global market, driven by the increasing demand in industries such as automotive, construction, and electronics
• China, as a major industrial hub, is a key contributor to the demand for dicyclopentadiene in the region. Its robust automotive and construction industries fuel the growth of the market
• The rising adoption of composite materials in manufacturing processes in Asia-Pacific has led to increased use of dicyclopentadiene-based resins, particularly in the automotive and aerospace sectors
• The growth of the chemical industry, especially in emerging markets such as India and Southeast Asia, is creating further demand for dicyclopentadiene as it is used in various resin applications
• The region's increasing emphasis on infrastructure development and rising disposable income are boosting market prospects in countries such as India and Japan

“North America is Projected to Register the Highest CAGR in the Dicyclopentadiene (DCPD) Market”

• North America is the fastest-growing region in the dicyclopentadiene market due to the rising demand for lightweight and fuel-efficient materials in the automotive industry
• The growing preference for dicyclopentadiene-based resins in manufacturing is driving market growth
• The increasing focus on sustainability and the adoption of eco-friendly materials in the automotive and construction industries is contributing to the growth of the market in North America
• The U.S., being a major consumer of composite materials, is driving the demand for dicyclopentadiene-based resins in various end-use industries
• Technological advancements in manufacturing processes and the growing preference for bio-based resins are expected to enhance the market's growth in North America
• The increasing use of dicyclopentadiene in high-performance polymers for the electrical and electronics industries are further boosting its demand in the region

Dicyclopentadiene (DCPD) Market Share

The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.

The Major Market Leaders Operating in the Market Are:

• Cymetech Corporation (U.S.)
• Merck KGaA (Germany)
• NOVA Chemicals Corporate (Canada)
• Shell plc (London)
• Dow Chemical Company (U.S.)
• LyondellBasell (U.K.)
• Braskem S.A.Braskem (Brazil)
• Chevron Phillips Chemical Company (U.S.)
• Zeon Corporation (Japan)
• ENEOS Corporation (Japan)

Latest Developments in Global Dicyclopentadiene (DCPD) Market

• ​In October 2023, Braskem, a leading global biopolymer producer, opened a representative office in Tokyo, Japan, marking a significant development in its strategy to enhance the presence of its I'm green bio-based polyethylene in Asia. This move aims to strengthen local engagement and support Japan's transition to a circular low-carbon economy. The Tokyo office will serve as a hub for collaboration with local stakeholders and promote sustainable solutions in line with Japan's environmental goals. Braskem's I'm green bio-based polyethylene, derived from sugarcane ethanol, offers a carbon-negative footprint and aligns with the increasing demand for eco-friendly materials in various industries. This expansion underscores Braskem's commitment to delivering low-carbon alternatives and contributing to global sustainability efforts
• ​In September 2023, OQ Chemicals introduced its ISCC PLUS-certified Oxbalance TCD Alcohol DM, a sustainable alternative to conventional tricyclodecane dimethanol. This product is manufactured using bio-circular dicyclopentadiene sourced from Shell Chemicals Europe, also ISCC PLUS certified. The strategic collaboration between OQ Chemicals and Shell ensures a reliable supply of bio-circular DCPD to support OQ Chemicals' production. Oxbalance TCD Alcohol DM serves as a versatile component in the production of high-performance technical polymers, paints and coatings, and adhesives used across sectors such as food packaging, electronics, and automotive. It is valued for its exceptional ability to enhance the properties of the final product, including improved durability, chemical resistance, and thermal stability. The bio-based Oxbalance TCD Alcohol DM serves as a sustainable and environmentally conscious alternative to its fully synthetic counterpart 

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