South Korea Dicyclopentadiene Market, by Grade,

Synopsis
The above chart is South Korea Dicyclopentadiene Market, by Grade, 2018-2027 (Value (USD MN))

Market Dynamics

south korea is a emerging market for dicyclopentadiene, also known as dcpd, which is an organic compound used in the production of resins, polymers, and coatings. dcpd is primarily produced from crude oil and is used in various industries such as automotive, construction, and electronics. the increasing demand for dcpd in these industries has led to the growth of the south korea dicyclopentadiene market. the demand for dcpd in south korea is segmented by grade, based on the purity level of the compound. the three major grades of dcpd are crude grade, high purity grade, and ultra-high purity grade. each grade has its own unique properties and applications, catering to different industries and sectors. the crude grade dcpd is the most widely used grade, owing to its relatively low cost and availability. it is mainly used in the production of unsaturated polyester resins, which are widely used in the automotive industry for producing body parts and components. moreover, the construction industry also uses crude grade dcpd for making floor coatings, sealants, and adhesives. the high purity grade dcpd is used in the production of poly-dcpd resins, which have high heat and chemical resistance and are used in the manufacturing of pipes, tanks, and linings. the demand for high purity grade dcpd is increasing in south korea due to the growing infrastructure development and investment in the construction sector. the ultra-high purity grade dcpd is the most superior grade, with the highest purity level and the least amount of impurities. this grade is used in the production of high-performance resins and polymers, which find application in the electronics and aerospace industries. the demand for this grade is expected to increase in south korea due to the rising demand for consumer electronics and the growth of the aerospace industry. in terms of value, south korea dicyclopentadiene market is expected to witness significant growth in the coming years, owing to the increasing demand for dcpd in various industries and the growth of the economy. the country is also investing heavily in research and development of dcpd-based products, which is expected to further drive the market. additionally, the presence of key players and technological advancements in the production of dcpd is expected to boost the demand and the market size in south korea.