Polydicyclopentadiene (pDCPD) Market to Witness Exponential Growth by 2020
Polydicyclopentadiene
(pDCPD) is a thermoset polymer material engineered for high
resistance against heat, chemicals and corrosion.
Polydicyclopentadiene (pDCPD) has high impact strength and has a
tough, rigid structure. Polydicyclopentadiene (pDCPD) is utilized in
applications where mechanical properties and product service
environments are critical. Polydicyclopentadiene (pDCPD) is produced
by polymerization of low viscosity dicyclopentadiene (DCPD) monomer
by a process called ring opening metathesis polymerization (ROMP) in
presence of a catalyst. Polydicyclopentadiene (pDCPD) has properties
similar to its substitutes such as advanced engineered
thermoplastics, which are usually available at comparatively higher
costs and are used for high performance specialized applications. The
end use products include large vehicle body parts, machinery and
equipment for construction, agriculture and chemical industry,
shipping containers, sanitary ware and waste water treatment
apparatus among other products.
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Polydicyclopentadiene
(pDCPD) are primarily used in specific product solutions, where
mechanical stress and exposure to chemicals, heat and corrosive
materials is high. They are extensively used by durable goods
manufacturers and engineered materials industry for a specific range
of applications. It is widely used for manufacturing automotives and
equipment for agriculture, chemical and waste water treatment
industries among several others. Polydicyclopentadiene (pDCPD) are
used due to their physical and chemical properties.
Polydicyclopentadiene (pDCPD) are structurally stable, and resistant
to abrasion, chemicals and weather. These materials are easily
recyclable and versatile in forming nature. Polydicyclopentadiene
(pDCPD) can be easily molded into a variety of shapes and have higher
tensile strength and flexibility for molding when compared to other
materials available for similar purposes. These polymers have
successfully replaced metals and ceramics for various durable goods
and heavy duty equipment.
The
polydicyclopentadiene (pDCPD) market is driven by its demand in
industrial goods including alloys machinery and high performance
light automotives such as trucks and buses. Polydicyclopentadiene
(pDCPD) finds applications in a specific range of applications it is
a new product and currently used for niche applications. However,
established substitutes such as high performance engineering
thermoplastics and fluctuating raw material price are expected to be
the major restraining factor for the polydicyclopentadiene (pDCPD)
market. Novel applications could be a prospective opportunity for
further demand growth in the market.
In
terms of geography, Asia Pacific is the largest consumer of
polydicyclopentadiene (pDCPD) riding on high sales of end use
application products to its large population base. Major industrial
economies including China, India, Japan and South Korea are the major
consumers of polydicyclopentadiene (pDCPD) for application in a
variety of high performance durable goods. Two of the most populated
countries, China and India are situated in Asia. Both these countries
are growing rapidly and witnessing rising disposable income and
purchase power parity of the general population.
This
in turn is expected to drive demand for large automotives such as
buses and further for polydicyclopentadiene (pDCPD). High demand from
the agriculture equipment manufacturers is expected to aid in further
demand growth. North America is another major consumer for
polydicyclopentadiene (pDCPD) especially in the automotive and
manufacture of equipment for chemicals and waste water treatment. In
Rest of the World, Brazil, Argentina and South Africa contribute to
major demand for the market. Europe is expected to witness
comparatively slower growth than other regions due to stringent
government control over potentially harmful products.
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Some
of the market players include Mitsubishi Chemicals Corporation, The
Dow Chemical Company, ExxonMobil Chemicals and Shell Chemicals among
many others.
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