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Showing posts with the label Polydicyclopentadiene Market

Polydicyclopentadiene Market - Forecast(2021 - 2026)

Polydicyclopentadiene market is forecast to reach $681.6 million by 2026, after growing at a CAGR of 3.5% during 2021-2026. Polydicyclopentadiene (PDCPD) is a polymer formed of dicyclopentadiene (DCPD) and ring-opening metathesis polymerization (ROMP). The usage of polydicyclopentadiene is increasing in various end-use industries due to its excellent characteristics such as chemical resistance, stiffness, impact strength, heat resistance, and more. Globally, the flourishing construction industry and growing demand from the automotive industry are the prime growth drivers of the polydicyclopentadiene market. In addition, the rising demand for polydicyclopentadiene as a substitute for advanced engineered thermoplastics in the building and construction industry will boost the market growth. The Covid-19 pandemic has rapidly changed the landscape of the construction industry over the past several weeks as governmental restrictions, supply chain challenges, and increased job site safety pr...