The analysts forecast global dicyclopentadiene market to grow at a CAGR of 5.35% during the period 2018-2022. The latest trend gaining momentum in the market is Increasing demand for bio-based EPDM.
Owing to the increasing concern toward the harmful effect of certain products on the environment and regulations imposed by government bodies, manufacturers are investing in the R&D activities to come out with products which are environment-friendly.
Major key players in the global dicyclopentadiene market: DowDuPont, Ningbo Jinhai Chenguang Chemical Corporation, NOVA Chemicals Corporation, Shandong Qilong Chemical, Sojitz Corporation, and TEXMARK CHEMICALS.
According to the dicyclopentadiene market report, one of the major drivers for this market is Growing demand from Asian countries. In terms of revenue, APAC contributes to almost half of the DCPD market share.
The developing economies in this region are fostering the growth in the DCPD market. For instance, DCPD is used in manufacturing poly-DCPD.
APAC is the largest consumer of poly-DCPD. Poly-DCPD is used in the manufacturing of body of trucks, buses, tractors, and big containers.
Countries like China and India are growing rapidly, and there is a huge demand for tractors in the agricultural sector.
Further, the dicyclopentadiene market report states that one of the major factors hindering the growth of this market is Toxic effects and health hazards of DCPD. DCPD which is the tricyclic form of CPD, it is one of the most toxic of the cycloolefin compounds.
DCPD can cause irritation to eyes, skin, and respiratory system in humans. It has low acute toxicity on skin contact but is extremely harmful if inhaled.
If DCPD is swallowed, it can cause severe lung inflammation and lung edema. DCPD is toxic if it is exposed to the aquatic environment.
If DCPD is released in the aquatic environment for a prolonged period, it can cause adverse effects on the aquatic life for the long term.
Key questions answered in this Dicyclopentadiene market report:
What will the market size be in 2022 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
Report at www.reportsnreports.com/.aspx?name=1299368.
Few Points from List of Exhibits:
Exhibit 01: Parent Market
Exhibit 02: Global Specialty Chemicals Market
Exhibit 03: Market Characteristics
Exhibit 04: Market Segments
Exhibit 05: Market Definition - Inclusions and Exclusions Checklist
Exhibit 06: Global Dcpd Market - Market Size 2017
Exhibit 07: Validation Techniques Employed For Market Sizing 2017
Exhibit 08: Global Dcpd Market Market Size and Forecast 2017-2022 ($ Millions)
Exhibit 09: Global Dcpd Market Year-Over-Year Growth 2018-2022 (%)
Exhibit 10: Five Forces Analysis 2017
Exhibit 11: Five Forces Analysis 2022
Exhibit 12: Bargaining Power of Buyers
Exhibit 13: Bargaining Power of Suppliers
Exhibit 14: Threat of New Entrants
Exhibit 15: Threat of Substitutes
Exhibit 16: Threat of Rivalry
Exhibit 17: Market Condition - Five Forces 2017
Exhibit 18: Application Market Share 2017-2022 (%)
Exhibit 19: Comparison by Application
Exhibit 20: Upr Market Size and Forecast 2017-2022 ($ Millions)