Dicyclopentadiene Market, by Unsaturated Polyester Resin, by Region,

Synopsis
The above chart is Dicyclopentadiene Market, by Unsaturated Polyester Resin, by Region, 2018-2027 (Value (USD MN))

Market Dynamics

dicyclopentadiene, also known as dcpd, is a clear liquid hydrocarbon derived from the synthesis of petroleum-based raw materials. it is widely used in various industries such as plastics, resins, rubbers, and fragrances. the demand for dicyclopentadiene is primarily driven by its use in the production of unsaturated polyester resin (upr). upr is a type of thermosetting plastic that is extensively used in the manufacturing of pipes, tanks, and other corrosion-resistant products. the global dicyclopentadiene market is expected to witness significant growth in the coming years due to the increasing demand for upr from various end-use industries. the rising awareness regarding the benefits of upr, such as high strength, lightweight, and durability, is driving its demand in the construction, automotive, and aerospace sectors. furthermore, the growing production of composites, which extensively use upr as a matrix material, is also contributing to the demand for dicyclopentadiene. the market for upr is expected to dominate the demand for dicyclopentadiene in the coming years. upr is used in various applications, such as fiberglass reinforced plastic (frp), sheet molding compounds (smc), bulk molding compounds (bmc), and gel coats. the ability of upr to provide excellent chemical resistance, mechanical strength, and good adhesion to various substrates is driving its demand in the market. additionally, the increasing demand for lightweight and fuel-efficient vehicles is also expected to boost the demand for upr, and subsequently, dicyclopentadiene. regionally, asia pacific is expected to dominate the demand for dicyclopentadiene in the coming years. the region is witnessing significant growth in the construction and automotive industries, which is driving the demand for upr. china, japan, and india are some of the leading countries contributing to the growth of the dicyclopentadiene market in the region. moreover, the presence of major upr manufacturers in the region, such as ashland inc., polynt, and aoc llc, is further boosting the market growth. europe and north america are also expected to witness significant growth in the dicyclopentadiene market. the growth in these regions can be attributed to the increasing demand for upr in various end-use industries, including construction, transportation, and marine. additionally, the availability of advanced technologies for upr production and the presence of major players in these regions are also contributing to the growth of the dicyclopentadiene market. in conclusion, the increasing demand for upr from various end-use industries, coupled with the growing production of composites, is driving the demand for dicyclopentadiene. moreover, the market is expected to witness significant growth in asia pacific, europe, and north america, owing to the presence of major players and growing end-use industries in these regions.