LONDON–(BUSINESS WIRE)–The global dicyclopentadiene (DPCD) market is expected to grow by USD 203.48 billion during 2020-2024, according to the latest market research report by Technavio. Request a free sample report
There has been a steady growth in the construction and automotive sectors owing to several factors such as large investments in infrastructural development, high demand for residential and non-residential units and rapid urbanization. High demand from emerging countries such as China and India has led to the growth of the automotive market. DCPD is used to produce unsaturated polyester resin, which is extensively used in the construction industry. Similarly, in the automotive sector, manufacturers are using hydrocarbon resins, EPDM, poly-DCPD, and DCPD-based unsaturated polyester resins. Thus, factors such as increase in investments in residential and non-residential construction and rapidly growing automotive sector will boost the growth of the dicyclopentadiene market during the forecast period.
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