In Q1 2023, the dicyclopentadiene market in Asia saw growth driven by strong naphtha demand from downstream industries and rising crude oil prices. However, Q2 witnessed a decline due to reduced downstream demand, falling crude oil costs, import price hikes, and regional oversupply. In Europe, Q1 experienced dicyclopentadiene price increases due to higher purchasing power and improved feedstock demand, yet Q2 saw a substantial decline influenced by plummeting feedstock prices, mainly due to negative crude oil trends. North America’s Q1 displayed rising dicyclopentadiene prices due to increased naphtha costs and robust downstream interest, but Q2 suffered from decreased feedstock prices, economic instability, and falling crude oil costs, negatively affecting dicyclopentadiene prices.
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Definition
Dicyclopentadiene (DCPD) is a highly reactive chemical compound with the formula C10H12. It exists as a colorless to light yellow liquid at room temperature. DCPD is used in the production of various industrial materials, such as resins, adhesives, and plastics. It undergoes polymerization to form a rigid and durable substance, making it valuable for manufacturing composite materials. Its reactivity allows for the synthesis of specialized resins used in applications like automotive parts and coatings. DCPD’s versatile properties make it a key component in the production of a wide range of industrial products.
Key Details About the Dicyclopentadiene Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Dicyclopentadiene in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Dicyclopentadiene Price chart, including India Dicyclopentadiene price, USA Dicyclopentadiene price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Dicyclopentadiene Price Trend:
Dicyclopentadiene (DCPD) finds diverse industrial applications. Its polymerization forms cyclopentadiene resins, used in producing automotive components, marine coatings, and structural materials due to their durability and heat resistance. In the adhesives industry, DCPD is crucial for formulating specialized adhesives, particularly in applications requiring strong bonding under harsh conditions. DCPD-based resins also play a role in the manufacturing of high-performance composite materials, contributing to lightweight and strong products in sectors like aerospace and sports equipment. Moreover, DCPD serves as a precursor for various chemicals, including flavor and fragrance compounds, pharmaceutical intermediates, and agricultural chemicals, showcasing its significance across multiple industrial sectors.
Key Players:
- Exxon Mobil Corporation
- Chevron Phillips Chemical Company
- Cymetech Corporation
- Nova Chemicals Corporation
- Tokyo Chemical Industry Co Ltd
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