Dicyclopentadiene Market

Growing demand for dicyclopentadiene in manufacturing resins like polyester, epoxy, phenolic specialty, hydrocarbon, and unsaturated polyester resin shall drive the market.

The dicyclopentadiene market is expected to register healthy growth during the review period. The global dicyclopentadiene market is primarily driven by its extensive use in manufacturing fiber-reinforced plastics (FRP). FRP has replaced conventional structural materials, such as wood and metals, owing to their high strength-to-weight ratio, chemical resistance, weather ability, easy fabrication, and versatility of product design. The ongoing trend of high-strength and lightweight structural materials has resulted in high demand for dicyclopentadiene.

Another key driver of the global market is its use in the production of ethylene propylene diene monomer (EPDM) rubber, further used in seals, gaskets, and O-rings across various end-use industries. 

Additionally, The growing construction industry in developing regions, with rising residential and commercial construction, especially in India and China, coupled with improving standards of living and rising disposable incomes, is driving the growth of the dicyclopentadiene market. Increasing spending by the Indian government on infrastructure development, such as the Smart Cities Mission, Green Corridor, and the building of ports, is propelling market growth. Additionally, in late 2013, the Chinese government started the One Belt One Road project for transportation infrastructure development, which is likely to propel the growth of the construction industry, thereby driving the global market.

The Global Dicyclopentadiene Market Industry is experiencing a surge in demand driven by the automotive sector. Dicyclopentadiene is increasingly utilized in the production of lightweight and durable materials, which are essential for enhancing fuel efficiency and reducing emissions in vehicles. As automotive manufacturers strive to meet stringent environmental regulations, the adoption of advanced composites incorporating dicyclopentadiene is likely to rise. This trend is reflected in the projected market growth, with the industry valued at 0.05 USD Billion in 2024 and expected to reach 1.98 USD Billion by 2035, indicating a robust CAGR of 41.01% from 2025 to 2035.

By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. Asia Pacific is expected to hold the prime share of the market. Increasing government initiatives for the construction sector in emerging economies like India and China shall support market growth. North America is expected to hold a significant share due to the large manufacturing base for paints & varnishes.

Figure 3:  DICYCLOPENTADIENE (DCPD) MARKET SHARE BY REGION 2023 (%)

Source: Secondary Research, Primary Research, Market Research Future Database, and Analyst Review

Europe is expected to show significant growth due to the increasing demand from the industrial sector. Latin America and Middle East & Africa shall exhibit sluggish growth by the end of the forecast period.

Major market players are spending a lot of money on R&D to increase their product lines, which will help the Dicyclopentadiene (DCPD) market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Dicyclopentadiene (DCPD) industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.

The major market players are investing a lot of money in R&D to expand their product lines, which will spur further market growth for Dicyclopentadiene (DCPD). With significant market development like new product releases, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations, market participants are also undertaking various strategic activities to expand their global presence. To grow and thrive in a market climate that is becoming more competitive and growing, competitors in the Dicyclopentadiene (DCPD) industry must offer affordable products.

Manufacturing locally to cut operating costs is one of the main business tactics manufacturers use in the global Dicyclopentadiene (DCPD) industry to benefit customers and expand the market sector. The Dicyclopentadiene (DCPD) market has recently given medicine some of the most important advantages. Major Dicyclopentadiene (DCPD) market players, including Exxon Mobil Corporation, Chevron Phillips Chemical Company, Cymetech Corporation, Nova Chemicals Corporation, and others, are attempting to increase market demand by funding R&D initiatives.

ExxonMobil is a global oil and gas company and energy provider. It operates through three business divisions: Upstream, Downstream, and Chemical. The company engages in the exploration, production, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, etc. ExxonMobil markets fuels, lubricants, and chemicals under four brands: Esso, Exxon, Mobil, and ExxonMobil Chemical.

Also, Nova Pangaea Technologies (NPT) is a company that produces fuel and chemicals from biomass waste. It developed a technology called Refnova which enables a fractionation of lignocellulosic materials into their constituent parts to produce C5 and C6 sugars. The company aims to cut carbon emissions and reduce reliance on oil without using land or crops.