South Korea Dicyclopentadiene Market, by Application, 2018-2027 (Value)

Growth Outlook

• The 2027 (Value) portion of the South Korea Dicyclopentadiene Market, by Application, 2018 market is on a steady long-term growth path. Segment value stands at roughly USD 69 Mn in 2026 and is projected to reach USD 75 Mn by 2027 — a gain of about 8% over the forecast period, translating to a CAGR in the high single digits.
• The demand of Dicyclopentadiene (DCPD) in South Korea has been increasing significantly over the past few years due to its diverse applications in various industries. DCPD is a highly reactive diene monomer that is widely used in the production of resins, polymers and specialty chemicals.
• What the regional split looks like (2026): Unsaturated Polyester Resin leads, holding roughly 46% of segment value — the single largest regional share. Hydrocarbon Resin is the second-largest contributor. EPDM Elastomers, Cyclic Olefin Polymer (COP) & Copolymer (COC), Poly DCPD and Others make up the remainder, in descending order.
• By 2027, Unsaturated Polyester Resin alone is expected to reach USD 35 Mn, with Hydrocarbon Resin at USD 22 Mn.

Market Dynamics

The demand of Dicyclopentadiene (DCPD) in South Korea has been increasing significantly over the past few years due to its diverse applications in various industries. DCPD is a highly reactive diene monomer that is widely used in the production of resins, polymers and specialty chemicals. Its unique chemical structure and properties make it a versatile ingredient in different manufacturing processes, making it a crucial component of the country's industrial sector. One of the major applications of DCPD in South Korea is in the production of unsaturated polyester resins. These resins are widely used in construction and automotive industries for their lightweight, high strength, and corrosion-resistant properties. The growing demand for such resins in the country, especially in the construction sector, has led to an increase in DCPD consumption in recent years. Additionally, DCPD is also used in the production of specialty resins for electrical applications, such as printed circuit boards and insulation materials. The rise in demand for electronic products has further boosted the demand for DCPD in this application. Another significant application of DCPD in South Korea is as a monomer in the production of high-performance elastomers and rubbers.

These materials are used in various end-use industries such as automotive, construction, and consumer goods. The country's booming automotive sector, coupled with the growing construction activities, has fueled the demand for these elastomers and rubbers, thus driving the demand for DCPD. Furthermore, DCPD is also used in the production of specialty chemicals such as cyclic olefins, pesticides, and pharmaceutical intermediates. The growing chemical industry in South Korea, along with the increasing demand for specialty chemicals from various end-use industries, has led to a rise in demand for DCPD in this application. Moreover, with the increasing focus on sustainable development, the demand for bio-based resins and polymers has also been growing. DCPD, being a renewable and environmentally friendly monomer, has witnessed a surge in demand in the country. The government's initiatives towards promoting eco-friendly products and reducing carbon emissions have further boosted the demand for DCPD in this segment. In conclusion, the demand for DCPD in South Korea is driven by its various applications across diverse industries. As the country continues to witness economic growth and industrial development, the demand for DCPD is expected to rise further, making it a critical component of the country's chemical industry.

Research Methodology

Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2024.