Global Polydicyclopentadiene (PDCPD) Market Size, By Grade (Industrial Grade, Medical Grade and Others); By End-Use Industry (Automotive, Agriculture, Construction, Chemical, Healthcare and Others); By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2022 – 2032

Industry: Chemicals & Materials

RELEASE DATE Jan 2024
REPORT ID SI3545
PAGES 201
REPORT FORMAT PathSoft

Global Polydicyclopentadiene (PDCPD) Market Insights Forecasts to 2033

  • The Global Polydicyclopentadiene (PDCPD) Market Size was valued at USD 614.7 Million in 2023.
  • The Market Size is Growing at a CAGR of 3.1% from 2023 to 2033
  • The Worldwide Polydicyclopentadiene (PDCPD) Market is Expected to Reach USD 834.2 Million by 2033
  • North America is Expected to Grow the fastest during the forecast period

 

Global Polydicyclopentadiene (PDCPD) Market

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The Global Polydicyclopentadiene (PDCPD) Market Size is Expected to Reach USD 834.2 Million by 2032, at a CAGR of 3.1% during the forecast period 2023 to 2033.

 

Polydicyclopentadiene (PDCPD) is produced by polymerizing low-viscosity DCPD monomer in low-pressure processes, allowing for faster cycle times and lower-cost molds. Furthermore, PDCPD provides an excellent replication of surface features for aesthetic applications. Polydicyclopentadiene is used in the automotive, pipeline, and construction industries due to its high strength and rigidity. Polydicyclopentadiene is thermally and chemically stable at high temperatures, as well as UV-resistant and highly resistant. Polydicyclopentadiene is also used in a wide range of other applications that require a tough, corrosion-resistant, large, and aesthetically pleasing appearance. Polydicyclopentadiene (PDCPD) is widely used in the engineered materials industry and durable goods manufacturing for a variety of applications. Polydicyclopentadiene (PDCPD) is primarily used in RIM (Reaction Injection Moulding) technology to manufacture large parts. Additionally, polydicyclopentadiene is used in a wide range of industries, including construction, transportation, agriculture, and medicine. Furthermore, rising demand for polydicyclopentadiene in the building and construction industries as a replacement for advanced engineered thermoplastics provides a positive growth outlook for the Polydicyclopentadiene market.

 

 

Global Polydicyclopentadiene (PDCPD) Market Report Coverage

Report CoverageDetails
Base Year:2022
Market Size in 2022:USD 614.7 Million
Forecast Period:2022 - 2032
Forecast Period 2022 - 2032 CAGR:3.1%
2032 Value Projection:USD 834.2 Million
Historical Data for:2019 - 2022
No. of Pages:201
Tables, Charts & Figures:132
Segments covered:By Grade, By End-Use Industry, By Region and COVID-19 Impact Analysis.
Companies Covered: 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 TRADA Plastics Technologie, and Others
Pitfalls & Challenges:COVID-19 Empact, Challenge, Future, Growth, & Analysis

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Driving Factors

Increasing automotive production will drive the growth of global polydicyclopentadiene (PDCPD) market growth during forecast period. Polydicyclopentadiene (PDCPD) is widely utilized in the automotive industry to manufacture automotive components such as body panels, bumpers, and other components for trucks, buses, and tractors because of its excellent properties such as high tensile strength, impact strength, flexural properties, and more. The automotive industry is growing in a variety of regions as industrialization and population growth continue. Thus, as automotive production rises, so will the demand for polydicyclopentadiene for the manufacture of automotive components, acting as a driver for the polydicyclopentadiene market over the forecast period. Moreover, there is flourishing waste water treatment industry which also help to boost global polydicyclopentadiene (PDCPD) market growth during forecast period. Polydicyclopentadiene (PDCPD) is widely used for manufacturing equipment for wastewater treatment industries. As a result, with the flourishing wastewater treatment industry, the demand for polydicyclopentadiene (PDCPD) manufacturing equipment for wastewater treatment industries is also increasing, which acts as a driver for the polydicyclopentadiene (PDCPD) market over the forecast period.

 

Restraining Factors        

Polydicyclopentadiene has a number of drawbacks that have limited its use in industry. Many of these result from the polymer's lack of chemical functionality. Furthermore, by the parent monomer cannot be easily functionalized without compromising its ability to participate in the metathesis reaction, the polymer is not chemically tunable. Thus, PDCPD's monomer DCPD frequently inherits an acrid, camphor-like odor, limiting its indoor use. These factors are expected to restrain market growth.

 

Market Segmentation

 

By Grade Insights

The industrial grade segment dominates the market with the largest revenue share over the forecast period.

Based on grade, the global polydicyclopentadiene (PDCPD) market is segmented into industrial grade, medical grade and others. Among these, the industrial grade segment is dominating the market with the largest revenue share over the forecast period. This growth can be attributed to rising demand for lightweight materials, expanding applications in a variety of industries, and an increase in infrastructure projects worldwide. The market's optimistic outlook is also bolstered by ongoing R&D efforts to improve the material's properties and explore new applications. Overall, the Industrial Grade Polydicyclopentadiene market is expected to grow steadily in the coming years.

 

By End-Use Industry Insights

The construction segment is witnessing significant CAGR growth over the forecast period.

Based on end-use industry, the global polydicyclopentadiene (PDCPD) market is segmented into automotive, agriculture, construction, chemical, healthcare and others. Among these, the construction segment is witnessing significant CAGR growth over the forecast period. This growth is attributed to the increasing use of polydicyclopentadiene in the building and construction sector to manufacture construction equipment such as scaffolding, access doors, etc.  Polydicyclopentadiene is highly recyclable and versatile. Furthermore, polydicyclopentadiene can be easily molded into a variety of shapes and has a higher tensile strength and flexibility for molding than other materials available for similar applications. These polymers have successfully replaced metals and ceramics for a variety of durable goods and heavy-duty equipment, and they are widely used in the building and construction industries to manufacture equipment. As a result, the extensive properties of polydicyclopentadiene are driving market growth in the construction industry over the forecast period.

 

Regional Insights

North America dominates the market with the largest market share over the forecast period.

 

Global Polydicyclopentadiene (PDCPD) Market

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North America is dominating the largest market share over the forecast period, owing to the growing building and construction sector in the region. Polydicyclopentadiene has been used in building and construction because of its excellent mechanical and anti-corrosion properties. In addition, building and construction activities are also increasing as a result of various government initiatives such as Foreign Direct Investment (FDI). The government's investments and initiatives in the construction industry in North America are expected to drive the polydicyclopentadiene market during the forecast period.

 

List of Key Market Players

  • 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 TRADA Plastics Technologie
  • Others

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global polydicyclopentadiene (PDCPD) market based on the below-mentioned segments:

 

Global Polydicyclopentadiene (PDCPD) Market, Grade Analysis

  • Industrial Grade
  • Medical Grade
  • Others

 

Global Polydicyclopentadiene (PDCPD) Market, End-Use Industry Analysis

  • Automotive
  • Agriculture
  • Construction
  • Chemical
  • Healthcare
  • Others

 

Global Polydicyclopentadiene (PDCPD) Market, Regional Analysis

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • Uk
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of the Middle East & Africa

Frequently Asked Questions (FAQ)

  • 1. What is the CAGR of the polydicyclopentadiene (PDCPD) market over the forecast period?
    The polydicyclopentadiene (PDCPD) market is projected to expand at a CAGR of 3.1% during the forecast period.
  • 2. What is the projected market size & growth rate of the polydicyclopentadiene (PDCPD) market?
    The polydicyclopentadiene (PDCPD) market was valued at USD 614.7 billion in 2023 and is projected to reach USD 834.2 billion by 2033, growing at a CAGR of 3.1% from 2023 to 2033.
  • 3. Which region is expected to hold the highest share of the polydicyclopentadiene (PDCPD) market?
    The North America region is expected to hold the highest share of the polydicyclopentadiene (PDCPD) market.

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