The global dicyclopentadiene market size reached USD 856.6 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 1,264.1 Million by 2033, exhibiting a growth rate (CAGR) of 4.2% during 2025-2033. The rising demand for enhanced industrial catalysts and solvents, along with the numerous improvements in the chemical industry, are primarily stimulating the market.
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024
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USD 856.6 Million |
Market Forecast in 2033
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USD 1,264.1 Million |
Market Growth Rate 2025-2033 | 4.2% |
Demand for EPDM Elastomers
The widespread adoption of ethylene propylene diene monomer (EPDM) elastomers, as they exhibit diverse applications and superior properties, is bolstering the market. Dicyclopentadiene represents a crucial component in the manufacturing of EPDM rubber, which is highly valued for its excellent resistance to heat as well as its flexibility and durability. For example, in February 2024, Lion Elastomers, one of the U.S.-based synthetic rubber manufacturers, signed a supply and distribution agreement with Emulco NV that gave the latter the rights to use Lion's Trilene 65 liquid-EPDM (L-EPDM) as raw material for a new line of water-based emulsions, under their new brand name Aquapol. Additionally, dicyclopentadiene (DCPD) finds extensive applications in these performance polymers and resins, which, in turn, are utilized in automotive parts due to their lightweight and high-strength properties. For instance, in December 2023, ExxonMobil Chemical Co. acquired California-based Materia Inc., which manufactures proxima thermosets created with proprietary blends of dicyclopentadiene (DCPD) and other co-monomers and additives. Furthermore, in May 2024, Godawari Electric Motors collaborated exclusively with leading vendors in the EV segment to provide reliable and advanced electric mobility solutions, including the use of a dicyclopentadiene panel that offers exceptional flexibility and strength, making automobile bodies resistant to breakage. Apart from this, the increasing requirement for automotive sealing solutions is also elevating the dicyclopentadiene market revenue. For example, in May 2024, KRAIBURG TPE introduced EPDM adhesion compounds that are specifically designed for the automotive sealing and exterior sector, thereby addressing global needs with a particular focus on the markets in Europe and Central America. In line with this, the compounds are produced using dicyclopentadiene that exhibits optimized flow properties and increased design flexibility while maintaining high-performance standards.
Emphasis on Sustainability
The shifting preferences among industry players for sustainable chemical products are encouraging manufacturers to develop DCPD-based materials that comply with stringent environmental regulations. The report published by Los Alamos in September 2023 highlighted the sustainable and cost-effective methods developed by the company for producing bio-based dicyclopentadiene. The process uses renewable biomass and generates valuable intermediate products for pesticides and resins. Moreover, the technology involves the adoption of multi-step chemical synthesis for converting furfural, which can be produced from fiber or corn bran, into ultrapure DCPD suitable for the manufacturing of poly dicyclopentadiene (pDCPD) as well as other high-demand polymers. Besides this, in the packaging industry, DCPD-based materials are being engineered to be more biodegradable. Companies are now producing resins that can be easily recycled, thereby minimizing plastic waste and contributing to circular economy initiatives. For instance, in September 2023, Braskem, one of the biopolymers providers, opened its representative office in Tokyo, Japan. In addition, this expansion represented the company's continued development of bio-based PE as a renewable feedstock. Furthermore, in October 2023, OQ Chemicals announced the supply of ISCC PLUS certified Oxbalance tricyclodecane dimethanol (TCD) Alcohol DM that is manufactured by utilizing the bio-circular precursor dicyclopentadiene (DCPD) from Shell Chemicals Europe. Furthermore, in November 2023, researchers at the University of Tokyo created a novel plastic that is more durable, biodegradable, and flexible than the conventional type. It is produced by mixing the plastic-type epoxy resin trimer with the molecule polyrotaxane. Moreover, the substance, known as VPR, exhibits strong internal chemical connections and the ability to maintain its shape at low temperatures. These product innovations are among the dicyclopentadiene market's recent opportunities.
Improvements in Feedstocks
Dicyclopentadiene is generally produced in large quantities via the steam cracking of petroleum products, including naphtha. Consequently, the wide availability and cost of naphtha significantly influence the production cost of this chemical compound. For example, in June 2024, QatarEnergy secured a long-term agreement with Idemitsu Kosan Co. Ltd to supply up to six million tons of naphtha to Japan. Additionally, as a versatile feedstock, naphtha is essential in producing several chemicals and plastics, creating a direct link in the dicyclopentadiene supply chain. This, in turn, is escalating the dicyclopentadiene market demand. For instance, in March 2024, India's Haldia Petrochemicals Ltd, which owns a naphtha cracker producing approximately 700,000 metric tons per year in the eastern state of West Bengal, sought local refiners like Indian Oil, BPCL, HPCL, etc., for the rest of its feedstock needs. Apart from this, several innovations in production efficiency and feedstock management are acting as another significant growth-inducing factor. In May 2024, Honeywell unveiled the naphtha to ethane and propane (NEP) process that offers improved efficiency and reduced CO2 emissions levels.
IMARC Group provides an analysis of the key trends in each segment of the market, along with the dicyclopentadiene market forecast at the global, regional, and country levels for 2025-2033. Our report has categorized the market based on the type, application, and end user.
Breakup by Type:
Among these, DCPD UPR grade currently exhibits a clear dominance in the market
The report has provided a detailed breakup and analysis of the market based on the type. This includes DCPD UPR grade, DCPD resin grade, and DCPD high purity. According to the report, the DCPD UPR grade represented the largest market segmentation.
UPRs made from DCPD are highly valued for their excellent mechanical properties, chemical resistance, and cost-effectiveness, thereby making them ideal for use in a wide range of industries. For example, Changzhou Tianma Group provides DCPD UPR grade with medium viscosity. The resin provides excellent wettability to glass fiber. Similarly, DCPD UPR grade by Dow Chemical is a dicyclopentadiene (DCPD) resin. It originates from the high-temperature cracking of petroleum fractions and is best characterized as highly reactive intermediates. In the construction sector, DCPD-based UPRs are widely used in the production of fiberglass-reinforced plastics (FRP) for applications such as panels, tanks, and pipes, where durability and resistance to environmental factors are critical. Additionally, the automotive industry relies heavily on DCPD UPRs for manufacturing lightweight, high-strength components that enhance vehicle performance and fuel efficiency. The marine industry also benefits from DCPD UPRs due to their superior resistance to water and harsh environmental conditions, making them suitable for boat hulls and other marine structures. Moreover, the ease of processing and molding DCPD UPRs into complex shapes and forms adds to their appeal across various manufacturing processes. As per the dicyclopentadiene market overview, the consistent demand from these diverse sectors will continue to bolster the segment's growth in the coming years.
Breakup by Application:
Currently, unsaturated polyester resin holds the largest dicyclopentadiene market share
The report has provided a detailed breakup and analysis of the market based on the application. This includes unsaturated polyester resin, hydrocarbon resins, ethylene propylene diene monomer (EPDM) elastomers, cyclic olefin copolymer (COC) and cyclin olefin polymer (COP), poly-DCPD, and others. According to the report, the unsaturated polyester resin represented the largest market segmentation.
Unsaturated polyester resin is gaining widespread traction, owing to its extensive range of applications and favorable properties. Additionally, it is used for producing fiberglass-reinforced plastics (FRP) essential for constructing robust and resilient structures, such as panels, tanks, pipes, etc. In January 2024, AOC, one of the global suppliers of specialty resins, completed the delivery of a new production line of unsaturated polyester resins in Nanjing, China. According to the IMARC, the global unsaturated polyester resins market size reached US$ 13.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 20.9 Billion by 2032, thereby exhibiting a growth rate (CAGR) of 5.1% during 2024-2032. This, in turn, is positively influencing the dicyclopentadiene market outlook.
Breakup by End User:
The report has provided a detailed breakup and analysis of the market based on the end user. This includes building and construction, automotive, marine, electrical and electronic, and others.
Dicyclopentadiene (DCPD) finds diverse applications across several industries, including building and construction, automotive, marine, and electrical and electronics. In the building and construction sector, the chemical compound is used to produce durable resins. In the automotive industry, DCPD-based materials are essential for manufacturing lightweight and high-strength components such as bumpers and body panels, enhancing vehicle efficiency and performance. The marine industry uses dicyclopentadiene to produce boat hulls and other marine structures due to its superior resistance to corrosion and harsh marine environments. Additionally, as per the dicyclopentadiene market statistics, the electrical and electronics industry benefits from DCPD's excellent insulating properties, making it ideal for producing high-performance electronic components, insulating materials, and circuit boards.
Breakup by Region:
Asia Pacific currently dominates the market
The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific accounted for the largest market share.
The rising adoption of plastic products is bolstering the dicyclopentadiene market's recent price across countries in Asia Pacific. As per the India Brand Equity Foundation (IBEF), the consumption of plastics has significant variation, with Western India accounting for approximately 47%, the Northern part for 23%, and the Southern for roughly 21%. Moreover, the growing production of automobiles is escalating the popularity of dicyclopentadiene-based materials that are essential for manufacturing lightweight and high-strength components, such as bumpers and body panels, thereby enhancing vehicle efficiency and performance. According to OICA, roughly around 4.39 million vehicles were produced in China in 2021. The widespread requirement for automotive materials will continue to stimulate the regional market in the coming years.
The market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major dicyclopentadiene market companies have also been provided. Some of the key players in the market include:
(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Million USD |
Scope of the Report | Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
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Types Covered | DCPD UPR Grade, DCPD Resin Grade, DCPD High Purity |
Applications Covered | Unsaturated Polyester Resin, Hydrocarbon Resins, Ethylene Propylene Diene Monomer (EPDM) Elastomers, Cyclic Olefin Copolymer (COC) and Cyclin Olefin Polymer (COP), Poly-DCPD, Others |
End Users Covered | Building and Construction, Automotive, Marine, Electrical and Electronic, Others |
Regions Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
Companies Covered | Cymetech Corporation (Sojitz Corporation), Dow Inc., KH Chemicals, Kolon Industries Inc., LyondellBasell Industries N.V., Merck KGaA, NOVA Chemicals Corporation, Royal Dutch Shell plc, Shandong Qilong Chemical Co.Ltd., Texmark Chemicals Inc. (Chemical Exchange Industries Inc.), Yeochun NCC Co. Ltd. (Hanwha Group), ZEON Corporation, etc. |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global dicyclopentadiene market was valued at USD 856.6 Million in 2024.
We expect the global dicyclopentadiene market to exhibit a CAGR of 4.2% during 2025-2033.
The extensive utilization of dicyclopentadiene in manufacturing various flame-, chemical-, and erosion-resistant electrical components is primarily driving the global dicyclopentadiene market growth.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous manufacturing units for dicyclopentadiene.
Based on the type, the global dicyclopentadiene market has been segmented into DCPD UPR grade, DCPD resin grade, and DCPD high purity. Among these, DCPD UPR grade represents the largest market share.
Based on the application, the global dicyclopentadiene market can be bifurcated into unsaturated polyester resin, hydrocarbon resins, Ethylene Propylene Diene Monomer (EPDM) Elastomers, Cyclic Olefin Copolymer (COC) and Cyclin Olefin Polymer (COP), poly-DCPD, and others. Currently, unsaturated polyester resin accounts for the majority of the total market share.
On a regional level, the market has been classified into North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America, where Asia-Pacific currently dominates the global market.
Some of the major players in the global dicyclopentadiene market include Cymetech Corporation (Sojitz Corporation), Dow Inc., KH Chemicals, Kolon Industries Inc., LyondellBasell Industries N.V., Merck KGaA, NOVA Chemicals Corporation, Royal Dutch Shell plc, Shandong Qilong Chemical Co.Ltd., Texmark Chemicals Inc. (Chemical Exchange Industries Inc.), Yeochun NCC Co. Ltd. (Hanwha Group), and ZEON Corporation.