Cyclic Olefin Copolymer Market, By Product Type (COC and COP), By Grade (Films and Resins), By Appli

Published Date: | Report Code : CH1942869

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The Cyclic Olefin Copolymer Market is expected to promise high growth owing to the increasing growth of various sectors such as packaging, healthcare, electronics, and optics in recent years. Increasing demand from applications including packaging, healthcare, optics, electronics, and others is expected to drive the growth of the market.

When the chain copolymerization of cyclic monomers occurs with ethene, it forms cyclic olefin copolymers (COCs). COCs have excellent optical properties, which resemble that of glass. They not only can resist high temperatures but also offer excellent transparency with low bi-refractivity.

Segment Insights

The global cyclic olefin copolymer market has been segmented on the basis of product type, grade, and application. On the basis of grade, the market has been segmented into films and resins. Resins are most widely used in the medical packaging industry, as they offer high chemical resistance and optic transparency.

Based on product type, the market has been divided into cyclic olefin copolymer and cyclic olefin polymer. The cyclic olefin polymer comprises a single type of monomer and therefore, is widely used in packaging solutions, such as vials, bottles, syringes, packaging films, lenses, and medical devices. However, cyclic olefin copolymer is made of different types of monomers and hence, is majorly used in electronics and optical industries.

On the basis of application, the market has been segmented into packaging, healthcare, optics, electronics, and others. The demand for cyclic olefin copolymers has grown in the medical, healthcare, and packaging sectors due to its properties such as high purity, moisture barrier, clarity, and sterilization compatibility. There has been an increase in the demand for cyclic olefin copolymers in the optical sector due to their low bi-refractivity and are now widely being used in optical films, lenses, touch screens, light guide panels, reflection films, and other components for mobile devices, displays, cameras, copiers, and other optical assemblies.

Key Factors Impacting Market Growth:

  • Properties, such as highly break-resistant, lightweight, chemical-resistant, transparency, and outstanding barrier characteristics
  • Growth of various sectors such as packaging, healthcare, electronics, and optics

Regional Analysis

On the basis of the region, the cyclic olefin copolymer market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World. North America and Western Europe are some of the major markets that are also traditional suppliers of chemicals such as specialty chemicals, bulk chemicals, and so on. Major companies in this market are headquartered in North America and Western Europe.  This region has been witnessing a number of transitions in terms of productions of chemicals and respective applications by end-use industries. The preference towards bio-based feedstock has been instrumental in the development of the green alternatives in these regions. Moreover, regulatory authorities have imposed strict guidelines with regard to environmental concerns and potential health hazards due to exposures. This has been more instrumental in the Western Europe region competitively. Some of the major economies in these regions include the US, Germany, UK, France, Canada, Italy, Spain, and so on.

 The Asia Pacific and the Middle East are expected to register substantial growth in the cyclic olefin copolymer market during the forecast period. This demand is with regard to the growth of major end-use industries/Applications such as packaging, healthcare, optics, electronics, and others. Major countries in the Asia Pacific region include China, South Korea, Japan, India, Australia, and so on. Middle East includes the UAE, Saudi Arabia, Iran, Israel, Egypt, and so on. Eastern Europe has been largely dominated by Russia and Turkey with operations of major chemical giants in the region.  Rest the World that includes South America and Africa has a strong potential for cyclic olefin copolymer market. There has been an increasing number of investments by global companies in these regions to strengthen their presence and tap the potential market. Major economies in these regions for cyclic olefin copolymer markets include Brazil, South Africa, Nigeria, Argentina, Colombia, and others.

Market Segmentation:

By Type:

  • Cyclic Olefin Copolymer (COC)
  • Cyclic Olefin Polymer (COP)

By Grade

  • Films
  • Resins 

By Application:

  • Packaging
  • Healthcare
  • Optics
  • Electronics
  • Others 

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Type
    • By Grade
    • By Application
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Type
    • By Grade
    • By Application
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Type
    • By Grade
    • By Application
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Type
    • By Grade
    • By Application
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Type
    • By Grade
    • By Application
  • Rest of the World
    • By Region (South America, Africa)
    • By Type
    • By Grade
    • By Application

Companies Covered:  ZEON CORPORATION, TOPAS Advanced Polymers, Mitsui Chemicals Inc., and JSR Corporation

Reasons to Buy This Report:

  • Market size estimation of the global cyclic olefin copolymer market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

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