Europe Dicyclopentadiene Market, by Grade, 2018-2027 (Volume (KT))
Synopsis
The above chart is Europe Dicyclopentadiene Market, by Grade, 2018-2027 (Volume (KT))
Market Dynamics
the dicyclopentadiene (dcpd) market in europe is expected to witness a steady demand in the coming years, driven by the efforts of key market players to expand their production capacities and cater to the growing demand from various end-use industries. dcpd is a versatile chemical intermediate that is used in the production of various products such as resins, adhesives, specialty plastics, and paints. it is a highly reactive, colorless, liquid hydrocarbon obtained from the cracking of naphtha and is produced in various grades to meet the specific requirements of different applications.
the demand for dcpd in europe is primarily driven by the automotive and construction sectors, as it is used as a raw material in the production of automotive parts, composite materials, and coatings. the increasing demand for lightweight and fuel-efficient vehicles is expected to boost the demand for dcpd in the automotive sector. moreover, the growth of the construction sector in europe, due to the rising investments in infrastructural development, is also expected to contribute to the demand for dcpd.
the european dcpd market is segmented based on grade, which includes commercial grade and high purity grade. the commercial grade segment accounts for the majority share in the overall dcpd market, owing to its low cost and easy availability. this grade is widely used in the production of unsaturated polyester resins, which find applications in the automotive and construction industries.
on the other hand, the high purity grade segment is expected to witness a significant growth due to its increasing use in the production of specialty plastics and composites. the high purity grade of dcpd has superior properties such as high thermal stability, chemical resistance, and low melting point, which make it ideal for advanced applications.
the demand for dcpd in europe is also expected to be driven by the increasing focus on sustainable and eco-friendly alternatives. dcpd, being a bio-based chemical, is gaining traction as a sustainable alternative to traditional petrochemical-derived chemicals. this trend is expected to boost the demand for dcpd in the region in the coming years.
in conclusion, the europe dicyclopentadiene market is expected to witness steady growth in the coming years, driven by the increasing demand from various end-use industries and the availability of different grades to meet their specific requirements. moreover, the use of dcpd as a sustainable alternative to petrochemicals is also expected to contribute to the demand for this versatile chemical in the region.
