Global DCPD Resin Market Trends, Size, Growth, Forecast 2021-2027
The global DCPD resin market is growing at a potential growth rate Year-over-Year (YoY) and has reached USD 655 million in 2020. The market is further expected to touch USD million by 2027, growing at a CAGR of almost 7% during 2021-2027 (forecast period). DCPD resin, a low-cost thermoplastic resin, manufactured from cyclopentadiene. DCPD is a very reactive resin. It readily copolymerizes and has found many applications. DCPD is widely used in many industries, such as – Paints and coating, tackifiers, hot melt adhesives, EDPM rubber, etc. Furthermore, the growing construction work in the Asia Pacific region will fuel the growth of the DCPD resin market. Growth Drivers Increasing demand for high-quality optical lenses DCPD resin is being used to produce high-quality optical lenses. The ever-growing obsession of the people with the high definition pictures is providing a good platform for the growth of the optical lens market, which will directly contribute towa...