Polydicyclopentadiene (PDCPD) Market
Polydicyclopentadiene (PDCPD) Market Trend, Opportunity, and Forecast Analysis, 2024-2032
Polydicyclopentadiene (PDCPD) Market is segmented by Grade, End Use, and by Region. KDMI analyst foresees market revenue to cross USD 832.4 million by 2032 by growing with a CAGR of 3.5% during 2024-2032.
Polydicyclopentadiene (PDCPD) Market Highlights
The global polydicyclopentadiene (PDCPD) market is expected to cross a value of USD 832.4 million by the end of 2032. The market was valued at USD 615.2 million in 2023 and is expected to expand at a CAGR of 3.5% between 2024-2032.
- Over the mid-term, the expanding automotive industry is the primary factor anticipated to drive the global polydicyclopentadiene (PDCPD) market.
- The lack of awareness about PDCPD is a major factor to challenge the market growth.
- The North America polydicyclopentadiene (PDCPD) market is projected to dominate the global market.
Polydicyclopentadiene (PDCPD) Market: Report Scope |
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Base Year |
2023 |
Base Year Market Size |
USD 615.2 million |
Forecast Year |
2024-2032 |
Forecast Year Market Size |
USD 832.4 million |
CAGR Value |
3.5% |
Polydicyclopentadiene (PDCPD) Market Key Trends/Major Growth Drivers |
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Restraint Factors |
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Polydicyclopentadiene (PDCPD) Market Segmentation |
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Polydicyclopentadiene (PDCPD) Market Key Players |
ExxonMobil Chemicals, Mitsubishi Chemicals Corporation, The Dow Chemical Company, Shell Chemical, Polirim S.r.l., Sojitz Corporation, Osborne Industries Inc., Sinoven Biopolymers Inc., Core Molding Technologies, ‘OTIS TARDA’ LLC, and others. |
Polydicyclopentadiene (PDCPD) Market Outlook
The thermosetting polymer that is known for its exceptional impact resistance, chemical resistance, and dimensional stability is known as polydicyclopentadiene (PDCPD). The material has a high strength-to-weight ratio and is commonly used in automotive, construction, marine, and electronics industry for manufacturing various components.
According to our experts at KD Market Insights, one of the major factors anticipated to drive the growth of the global polydicyclopentadiene (PDCPD) market is the expanding automotive industry worldwide. Our research analysis finds that in the year 2022, the revenue generated from automotive manufacturing industry was close to USD 2.5 trillion. The automotive sector is a primary consumer of PDCPD as the chemical possesses lightweight properties, has impact resistance, and can be molded to complex shapes. With the expanding automotive manufacturing industry worldwide, the demand for these advanced materials is also projected to increase, thereby driving the market growth. ExxonMobil Chemicals, Mitsubishi Chemicals Corporation, The Dow Chemical Company, are some of the significant parties in the global market for polydicyclopentadiene (PDCPD).
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Polydicyclopentadiene (PDCPD) Market Drivers – Analyst’s Observation
According to the analysts at KD Market Insights, some key growth drivers for the global polydicyclopentadiene (PDCPD) market are:
- Growing Demand for PDCPD from Construction Industry: The construction industry around the globe is increasing at a rapid pace, backed by the rise in the number of infrastructure projects globally, such as bridges, utility boxes, and industrial tanks. PDCPD is widely used in the construction industry owing to its corrosion resistance properties and for its ability to withstand harsh environmental conditions. Thus, with the rise in the number of construction activities worldwide, the demand for PDCPD from this industry is also expected to increase, and in turn, contribute to the market growth.
- Rapid Surge in Preference for Lightweight Materials: Different industries around the globe are rapidly opting for lightweight materials with enhanced mechanical strength, heat resistance, and surface finish, which is usually found in PDCPD. The low density and high strength-to-weight ratio of PDCPD makes it a best alternative among end-user industries against metals and thermoset plastics. Such factors are therefore expected to drive the demand for PDCPD, and in turn, contribute to the market growth.
Which Probable Factors Could Hamper the Growing Polydicyclopentadiene (PDCPD) Market Trend?
As per our KD Market Insights analysis, some of the challenges expected to limit the global market growth of polydicyclopentadiene (PDCPD) are:
- Lack of Awareness About PDCPD: The lack of awareness and understanding regarding the benefits associated with PDCPD is one of the major factors anticipated to limit the market growth.
- Availability of Low Cost Alternatives: The demand for PDCPD is severely hampered owing to the rising availability of low-cost alternatives, such as thermoplastics, thermoset composites, and metals, which offers similar or overlapping properties.
How is the Global Polydicyclopentadiene (PDCPD) Market Segmented?
Our experts at KD Market Insights have segmented the global polydicyclopentadiene (PDCPD) market as:
By Grade |
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By End Use |
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By Region |
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What are the Probable Factors Influencing the North America Polydicyclopentadiene (PDCPD) Market Forecast?
The North America polydicyclopentadiene (PDCPD) market is majorly driven by the rapid demand for electronic devices and components in the region and the increasing use of PDCPD for insulating these electronic devices. Moreover, the region is known to have a strong wind energy network, where PDCPD is used widely in manufacturing wind turbine components, including the blades and nacelles. On the other hand, the researchers in the region are increasingly working towards developing the properties and processing of PDCPD, thereby creating opportunities for expanding its potential applications, and in turn, contributing to the market growth in the region.
As per our analysts at KD Market Insights, the following five players lead the North America polydicyclopentadiene (PDCPD) market growth:
- POLYTECHS Group
- Premix, Inc
- POLYNT Composites
- Chase Plastics Services, Inc
- Molded Fiber Glass Companies (MFG)
Key Countries to Watch for in North America Polydicyclopentadiene (PDCPD) Market |
Key Insights |
United States Polydicyclopentadiene (PDCPD) Market to Register the Largest Regional Market Share in 2032 |
USD 174.80 Million |
Canada Polydicyclopentadiene (PDCPD) Market to Grow with the Highest CAGR During 2024-2032 |
4.1% |
Which Key Players Top the Global Polydicyclopentadiene (PDCPD) Market Share?
As per our analysts at KD Market Insights, the competitive landscape of global polydicyclopentadiene (PDCPD) market facilitates our readers in identifying their closest competitors. The manufacturers who are associated with polydicyclopentadiene (PDCPD) market are raising their focus on expanding their presence, as well as their market share. The market has also been witnessing an upward movement in the number of collaborations between research institutions and key players, aimed at introducing advanced technologies and innovation of new products. Here is a list of the key players who top the global polydicyclopentadiene (PDCPD) market share:
- ExxonMobil Chemicals
- Mitsubishi Chemicals Corporation
- The Dow Chemical Company
- Shell Chemicals
- Polirim S.r.l.
- Sojitz Corporation
- Osborne Industries Inc.
- Sinoven Biopolymers Inc.
- Core Molding Technologies
- ‘OTIS TARDA’ LLC
What are the Recent Developments Observed in the Polydicyclopentadiene (PDCPD) Market?
Over the years, the experts at KD Market Insights have been observing the recent developments associated with global polydicyclopentadiene (PDCPD) market trends. Our expert’s market forecast analysis has recorded the market players adopting plentiful of key strategies including new product launches, mergers & acquisitions, and collaborations.
- For instance, scientists of the Rosneft United Research and Development Centre stated that they have developed a technology for producing casing pipes from ultra-high strength polymer polydicyclopentadiene.
- Further, a team of researchers studied the compatibility of adding epoxy resin to PDCPD and how it connected the commercial carbon fiber and the PDCPD matrix.
- Executive Summary
- Market Overview
- Key Findings
- Market Trends
- Market Outlook
- Introduction
- Scope of the Report
- Research Methodology
- Definitions and Assumptions
- Acronyms and Abbreviations
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Challenges
- Global Polydicyclopentadiene (PDCPD) Market
- Market Overview
- Market Size and Forecast
- Market Segmentation
- By Grade
- By End Use
- By Region
- Market Segmentation by Grade
- Industrial Grade
- Medical Grade
- Others
- Market Segmentation by End Use
- Automotive
- Agriculture
- Construction
- Chemical
- Healthcare
- Others
- Regional Analysis
- North America
- United States
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Grade and End Use
- Canada
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Grade and End Use
- Mexico
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Grade and End Use
- United States
- Europe
- United Kingdom
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Grade and End Use
- Germany
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Grade and End Use
- France
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Grade and End Use
- Italy
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Grade and End Use
- Spain
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Grade and End Use
- Rest of Europe
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Grade and End Use
- United Kingdom
- Asia Pacific
- China
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Grade and End Use
- Japan
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Grade and End Use
- India
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Grade and End Use
- Australia
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Grade and End Use
- South Korea
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Grade and End Use
- Rest of Asia Pacific
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Grade and End Use
- China
- Latin America
- Brazil
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Grade and End Use
- Argentina
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Grade and End Use
- Colombia
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Grade and End Use
- Rest of Latin America
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Grade and End Use
- Brazil
- Middle East & Africa
- South Africa
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Grade and End Use
- Saudi Arabia
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Grade and End Use
- UAE
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Grade and End Use
- Rest of Middle East & Africa
- Market Size and Forecast
- Key Trends and Developments
- Market Analysis by Grade and End Use
- South Africa
- North America
- Competitive Landscape
- Market Share Analysis
- Company Profiles
- ExxonMobil Chemicals
- Mitsubishi Chemicals Corporation
- The Dow Chemical Company
- Shell Chemicals
- Polirim S.r.l.
- Sojitz Corporation
- Osborne Industries Inc.
- Sinoven Biopolymers Inc.
- Core Molding Technologies
- OTIS TARDA LLC
- Strategic Recommendations
- Appendix
- List of Tables
- List of Figures
- References
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Request for Customized Report- Publication date: 20th May 2024
- Base year: 2022
- Forecast year: 2023-2033
- Format: PDF, PPT,Word,Excel