Rockville, MD, Feb. 04, 2025 (GLOBE NEWSWIRE) — According to Fact.MR, a market research and competitive intelligence provider, the global cyclopentadiene market reached a valuation of US$ 845.0 million in 2024 and is expected to grow at a CAGR of 5.7% during the forecast period of 2024 to 2034.
One of the category of cyclo-alkenes is Cyclopentadiene which is an organic compound. This compound also be classified as an unsaturated hydrocarbon. The IUPAC chemical name of Cyclopentadiene is 1,3 cyclopentadiene. Cyclopentadiene dimerizes to give dicyclopentadiene with the assistance of Diels-Alder Reaction at room temperatures. The commercially available compound is in the liquid state with a colourless appearance and an unpleasant odour. Cyclopentadiene can be obtained from naphtha cracked in the steam and also by distillation from coal tar.
Although cyclopentadiene is one of the first and most popular Diels−Alder dienes, no review has so far been done on the cyclopentadiene cycloaddition. Here, in report both the historical and current applications of cyclopentadiene click reactions emphasizing experimental and theoretical studies of the reactivities and stabilities of cyclopentadiene and cyclopentadiene derivatives.
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Key Takeaways from Market Study
- The global Cyclopentadiene market is projected to grow at 5.7% CAGR and reach US$ 1,471.0 million by 2034
- The market created an absolute $ opportunity of US$ 626.0 million between 2024 to 2034
- North America is a prominent region that is estimated to hold a market share of 27.3% in 2034
- North America and East Asia are expected to create an absolute $ opportunity of US$ 366.5 million collectively
“Environmental awareness, adoption across various industries, and technological advancement in recycling process will drive the market” says a Fact.MR analyst.
Leading Players Driving Innovation in the Cyclopentadiene Market:
Velsicol Chemical; Creasyn Finechem; Kolon Industries; Triveni Chemicals; Hangzhou Dayangchem; Chevron Phillips Chemical; Braskem; Central Drug House(CDH); LyondellBasell Industries; Cymetech; Sinopec Group; Texmark Chemicals; Shell; ORLEN Unipetrol; Dow
Market Development:
Global Cyclopentadiene market key players are focusing on expansion activities, technological advancement, product innovations, strategic partnerships and collaborations, and regulatory compliances to acquire significant share in the industry.
- In May 2023, Researchers at Flinders University have discovered a new low-cost material that can be made into lenses for thermal imaging. Its new-look infrared lens shines a light on future technology and manufacturing. After reacting sulfur and cyclopentadiene together, it offered a black plastic with high transparency to infrared light.
Cyclopentadiene Industry News:
The crucial polymer for low power, continuous wave lasers is created from inexpensive elemental sulphur, an industrial waste, and either cyclopentadiene or dicyclopentadiene, according to a new invention announced by a scientist from Photonic Spectra in April 2024. Using different power levels, wavelengths, and beam sizes, the researchers can install spikes, raised spots, pits, channels, and holes on polymer surfaces. With timelines ranging from milliseconds to second order, the installation process was extremely quick.
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More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global Cyclopentadiene market, presenting historical data for 2019 to 2023 and forecast statistics for 2024 to 2034.
The study includes essential insights on the basis of the Grade (DCPD Resin, DCPD UPR, and DCPD High Purity), By Type of End Product (Unsaturated Polyester Resin (UPR), Hydrocarbon Resins, Ethylene Propylene Diene Monomer (EPDM) Elastomers, and Cyclic Olefin), By End User Industry (Electronics, Automotive, Construction, and Medical), and across major seven regions of the world (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia & Pacific, and the Middle East & Africa).
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