Global Cyclic Olefin Copolymers Market size was valued at USD 859.96 Million in 2022 and is projected to reach USD 1,406.21 Million by 2030, growing at a CAGR of 5.56% from 2022 to 2030.
Cyclic Olefin Copolymers Market Overview:
The growing demand for cyclic olefin copolymers (COC) for packaging materials is due to their high chemical performance, including resistance to dilute bases, acids and alcohols, but sensitivity to ketones and aromatic solvents, and excellent moisture barrier and penetration. because of resistance. . These properties make cyclic olefin copolymers a viable solution for a wide range of packaging applications. In the packaging sector, this is expected to drive the growth of cyclic olefin copolymers. Because of their extraordinary benefits in medical design, cyclic olefin copolymers are being used in the medical technology industry at an exponentially increasing rate. This is driving the cyclic olefin copolymer market to grow even faster. Amorphous cyclic olefin copolymers have high refractive index, low birefringence, low specific gravity, excellent mechanical strength, and high deformation temperature depending on the chain structure. It is also light in weight. The use of COCs in optics is facilitated by this beneficial feature.
The availability of alternative products for the packaging sector, such as films made of polyethylene, polypropylene and other materials, is limiting market expansion. Functioning companies in the packaging sector seek to reduce packaging costs. As a result, consumption of the cyclic olefin copolymer for its intended end use will be lower. The market sees tremendous potential opportunities due to the emergence of cyclic olefin copolymers as microfluidic materials with high optical transparency, low water absorption, good water barrier properties and excellent chemical resistance. The market is divided into film and resin depending on the grade. Cyclic olefin copolymer market expansion is driven by the increase in COC films used in packaging for food, medical and other sectors. The need for optical assemblies such as mobile devices, displays, cameras, photocopiers and other optical assemblies is driven by the increasing use of lenses, light guide plates, touch screens, reflective films and other grades.
Medical technology is using cyclic olefin copolymers at a rate that is increasing by a factor of ten. Because they are so useful in making medical devices. The market for cyclic olefin copolymers is growing even faster because of this. Depending on the structure of the chain, amorphous cyclic olefin copolymers have a high refractive index, low birefringence, low specific gravity, high mechanical strength, and a high temperature at which they bend. It's also easy to take with you. COCs are easier to use in optics because of this good thing about them.
The packaging business can't grow as much as it could because there are other products available, like films made of polyethylene, polypropylene, and other materials. Companies in the packing business try to find ways to make shipping cheaper. This means that less cyclic olefin copolymer will be used for what it was meant to be used for. The market sees a lot of possibilities because cyclic olefin copolymers are now being used as microfluidic materials. These materials have great optical transparency, low water absorption, good water barrier properties, and excellent chemical resistance.
Cyclic olefin copolymers (COC) are made up of chains of straight or twisted alpha-olefins and chains of cyclic olefins. They have a lot of molecules. Because COCs are amorphous, they are stable at high temperatures and resistant to wear. They are also easy to work with. Over the next few years, the demand for cyclic olefin copolymers (COCs) in medicine, technology, and other fields is expected to drive the growth of the global COC market.
Key Market Updates:
- In February 2021, Zeon Corporation commercialized and started production of ZONEX® C2420, a new type of cycloolefin polymer (COP) with supplemented crystalline (teoregular) properties.
- In September 2020, The Polyplastics Group (Tokyo) announced plans to build a cyclic olefin copolymer (COC) production facility in Leuna, Germany, to meet the growing global demand for Topas COC polymers. The new plant will be operated by local Polyplastics subsidiary TOPAS Advanced Polymers GmbH and will have a capacity of 20,000 tonnes per year, more than doubling the company's current production capacity. The facility is expected to operate until mid-2023.
- In November 2020, TOPAS Advanced Polymers, a European subsidiary of Polyplastics, obtained COC (Cyclic Olefin Copolymer) certification as a recycled material.
Major Market Segments Covered in Cyclic Olefin Copolymers Market Industry Research:
Market Key Players:
- Entec Polymers
- Topas Advanced Polymers
- SCHOTT North America
1. Entec Polymers : Entec has helped our customers grow their businesses for more than 35 years by building strong, trust-based relationships. Our global reach includes the U.S., Canada, Mexico, and other places. As a result, we have an international network that can help with a wide range of projects and businesses.
With a focused sales team that has decades of experience, technical advice from engineers with degrees, and logistics knowledge that is second to none, we guide our customers through every step of their project. From idea to production, we give our customers a complete answer that not only meets their exact material needs but also gives them an edge in their markets.Plastics, Specialty Resins, Packaging, Engineering Thermoplastics, Custom Compounds, and Recycled/Bio-Friendly Materials are some of the things that this company specializes in.
2.Topas Advanced Polymers: TOPAS* COC (cyclic olefin copolymer) is a material that is as clear as glass and as pure as you can get. It is used in healthcare, packaging, optics, and electronics. TOPAS COC is the high-performance material of choice for delivering insulin, making food contact films, and making parts for tablets and phones. The wide range of global regulations that TOPAS COC meets can make your next project easier.
TOPAS COC is sold all over the world, and many well-known packaging and medical companies trust it as a raw material. Polyplastics USA, Inc., with headquarters in Farmington Hills, MI, sells TOPAS COC resins in the Americas. In EMEA, you can buy TOPAS COC from the company that makes it, TOPAS Advanced Polymers Gmbh in Frankfurt, or from its regional dealers. And in the Asia-Pacific region, you should call Polyplastics Co., Ltd. of Tokyo, which owns TOPAS Advanced Polymers.Specialties include medical devices, antennas, packaging film, pharmaceutical packaging, optical film, mobile devices, main drug packaging, drug delivery, and microfluidics.
3. Dow: Our goal is to be the world's most creative, customer-focused, inclusive, and sustainable materials science company.We combine global reach, asset integration and scale, focused innovation and materials science expertise, top business positions, and environmental, social, and governance leadership to achieve profitable growth and help create a sustainable future. Dow's plastics, industrial intermediates, coatings, and silicones businesses offer a wide range of different, science-based goods and solutions for its customers in high-growth markets like packaging, infrastructure, mobility, and consumer applications.Chemicals, packaging, infrastructure, and consumer products are their main areas of expertise.
4.Zeon: Zeon is known as the market leader for specialty elastomers that can handle heat and oil. Our most popular elastomer, Zetpol® HNBR, has steadily proven to be the best choice for uses that need toughness, durability, and resistance to heat and oil. Today, Zetpol is used for a lot of things under the hood of cars, such as timing belts.
Zeon is the largest maker of specialty nitrile (NBR) elastomers in the world. It has more specialty grades than any other company, including powder, liquid, ground, carboxylated, and NBR-PVC blends. With our 2013 purchase of Tohpe Corporation, we made a big investment in expanding the world capacity of ACM Elastomers, which are used for sealing under the hood of cars. (Japan).Synthetic Rubber, Elastomers, NBR Rubber, ACM Rubber, ECO Rubber, HNBR Rubber, and SIS are some of the things that they are good at.
5.Celanese: Celanese is the world's top chemistry company. It makes specialty material solutions that are used in most major businesses and consumer products. Our businesses use our knowledge of chemistry, technology, and business to help customers, workers, shareholders, and the company as a whole. We are committed to sustainability, so we take care of the things we make in a responsible way for their whole lives. Through the Celanese Foundation, we work to improve our communities, and diversity, fairness, and inclusion are important to all of our teams.Intermediate chemistry, Emulsion polymers, engineered materials, food products, derivatives of cellulose, and EVA polymers are some of the things that this company is good at.
Cyclic Olefin Copolymer (COC) resin is a transparent material with excellent optical clarity, chemical resistance, low moisture absorption, and high heat resistance. It is used in applications such as optical lenses, chemical handling equipment, packaging, and automotive components.
COC film is a flexible and formable material with superior barrier properties against moisture, oxygen, and other gases. It offers good printability, surface smoothness, and heat sealability. COC film is commonly used in food packaging, pharmaceutical packaging, pouches, blister packs, and wraps to preserve product freshness, enable vibrant printing, and provide secure seals.
Packaging: COC resin and film are widely used in packaging applications. COC films offer excellent barrier properties against moisture, oxygen, and other gases, making them suitable for food packaging, pharmaceutical packaging, and other products that require extended shelf life and protection. COC resin is used for packaging design elements such as windows, inserts, and clear containers due to its optical clarity and chemical resistance.
Healthcare: In the healthcare sector, COC resin and film are extensively utilized. COC resin is employed in the production of medical devices, surgical instruments, drug delivery systems, and diagnostic equipment due to its biocompatibility, sterilizability, and chemical resistance. COC film is used for medical packaging, including blister packs, pouches, and sachets, ensuring product integrity and safety.
Diagnostics: COC resin and film play a crucial role in the field of diagnostics. They are utilized in the manufacturing of diagnostic devices, lab-on-a-chip systems, microfluidic devices, and diagnostic cartridges. COC's optical clarity, chemical resistance, and low autofluorescence make it ideal for applications requiring precise optical measurements and sample analysis.
Optics: COC resin is highly valued in the optics industry due to its exceptional optical properties. It is used in the production of optical lenses, light guide plates, optical filters, and other components that require high transparency, low birefringence, and excellent light transmission. COC's thermal stability and chemical resistance make it suitable for demanding optical applications.
Electronics: COC resin and film find applications in the electronics industry. COC films are used in displays, touch panels, flexible printed circuit boards (PCBs), and protective films due to their high clarity, printability, and barrier properties. COC resin is utilized in the production of electronic components, connectors, and housings, offering excellent dimensional stability and resistance to heat and chemicals.
Others: COC resin and film have diverse applications beyond the mentioned sectors. They are used in consumer goods, automotive components, architectural materials, and industrial equipment where their unique properties provide value. COC's combination of optical clarity, chemical resistance, and thermal stability makes it applicable in a wide range of industries.
Based on Region:
Asia-Pacific: Asia-Pacific is the largest market for COCs, accounting for over 40% of the global market. The growth of the market in Asia-Pacific is being driven by the increasing demand for COCs in the packaging, medical device, and electronics industries.
North America: North America is the second-largest market for COCs, accounting for about 25% of the global market. The growth of the market in North America is being driven by the increasing demand for COCs in the packaging, automotive, and building and construction industries.
- North America
- Rest of North America
- The Netherlands
- Nordic Countries
- Benelux Union
- Rest of Europe
- Rest of Southeast Asia
- South Korea
- Southeast Asia
- Rest of Asia-Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Rest of Latin America
Significant Market Dynamics:
The COC market is a dynamic market, with new technologies and applications being introduced all the time. The market is also influenced by a number of factors, such as the price of oil and gas, the regulatory environment, and the availability of skilled labor.
The COC market is facing a number of restraints, such as the high cost of COCs, the lack of skilled labor, and the competition from other materials. The high cost of COCs is a major restraint in the market, as it can be difficult for companies to justify the cost of COCs when there are other materials that are less expensive. The lack of skilled labor is another restraint, as there is a shortage of qualified personnel who can work with COCs. The competition from other materials, such as polyethylene terephthalate (PET) and polypropylene (PP), is also a restraint, as these materials are less expensive and easier to work with.
The COC market is being driven by a number of factors, such as the increasing demand for COCs in a variety of applications, as well as the development of new COC-based products. The increasing demand for COCs in a variety of applications is a major driver in the market, as COCs offer a number of advantages over other materials, such as their excellent clarity, high barrier properties, and low moisture absorption. The development of new COC-based products is also driving the market, as new products are being developed that offer even greater advantages over other materials.
The COC market is being influenced by a number of trends, such as the increasing use of new technologies, the growing focus on sustainable materials, and the increasing demand for COCs in emerging markets. The increasing use of new technologies is a major trend, as new technologies are being developed to improve the efficiency and effectiveness of COCs. The growing focus on sustainable materials is another trend, as COCs are recyclable and have a low environmental impact. The increasing demand for COCs in emerging markets is also a trend, as these markets are growing rapidly and need to invest in COC-based products.
The COC market is facing a number of challenges, such as the need to comply with strict regulations, the risk of accidents, and the need to maintain a high level of quality. The need to comply with strict regulations is a major challenge, as companies must comply with a wide range of regulations in order to operate in the market. The risk of accidents is another major challenge, as COCs can be flammable and can emit toxic fumes if they are not handled properly. The need to maintain a high level of quality is also a challenge, as companies must ensure that their COC-based products meet the highest standards.
The COC market is still relatively young, and there are a number of opportunities for growth. The market is also expected to benefit from the increasing demand for COCs in a variety of applications, as well as the development of new COC-based products. The increasing demand for COCs in a variety of applications is a major opportunity, as more COCs will be needed to meet the demand. The development of new COC-based products is also an opportunity, as new products can be developed that offer even greater advantages over other materials.
Scope of report :
||Value (USD Billion)
||CAGR of 5.56% from 2023 to 2030
- Entec Polymers
- Topas Advanced Polymers
- SCHOTT North America
| Regional Scope
- North America
- The Middle East & Africa
- Latin America
|Reasons to Purchase this Report and Customization Scope
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In conclusion, the Cyclic Olefin Copolymers (COC) market is witnessing strong growth driven by increasing demand in packaging, healthcare, optics, electronics, and other industries. COC's exceptional properties, including high transparency, chemical resistance, and heat resistance, make it a preferred choice for various applications. The market is characterized by continuous innovation and development of advanced COC grades to meet evolving industry needs. With promising opportunities and a focus on sustainability, the COC market is expected to expand further in the coming years.