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.

Cyclic Olefin Copolymers Market size, estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Cyclic Olefin Copolymers Market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and the Russian-Ukraine war.

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, Dow, Zeon, Celanese, And Others.

By Types:

• Resin
• Film

By Applications:

• Packaging
• Healthcare
• Diagnostics
• Optics
• Electronics
• Others

By Region:
Asia Pacific held a significant share of up to 42% of the cyclic olefin copolymer market in 2021, owing to the rapid growth of end-use industries in the region. Presence of developing countries such as India and China are driving the market growth in this region. Abundant raw material sources and availability of manpower also support local demand. Nestle, PepsiCo, Coco-cola Company, LOreal SA., The Procter & Gamble., Beiersdorf AG., Unilever PLC. The presence of leading food & beverage and personal care products manufacturing companies such as forecast period. In particular, Samsung, Guangdong Oppo Mobile Telecommunications Corp. Ltd., Xiaomi Technology Co. Ltd and Huawei Technologies Ltd are also supporting the market growth of Cyclic Olefin Copolymers. According to a Samsung report, the company manufactured around 300 million phones in 2021 and aims to manufacture 334 million in 2022. Hence, the growth of mobile phone manufacturing is further driving the cyclic olefin copolymer market.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Significant Market Dynamics:

Market Drivers:

The global cyclic olefin copolymer industry is witnessing increasing growth owing to increasing demand from various end-use segments including packaging, medical, electronics and optics. Its excellent chemical resistance and optical transparency required to replace expensive PAN-based polymers have made it one of the most sought after materials in the medical and packaging industries. Growing government regulations around the world regarding the use of conventional plastic resins for packaging are driving the adoption of sustainable alternatives such as cyclic olefin resins furthering the industry. Therefore, growth in the packaging sector is expected to boost the global cyclic olefin copolymer industry over the forecast period.

Market Restraints:

However, the growth of cyclic olefin copolymers for the packaging market may be hampered by alternative packaging solutions such as polypropylene, polyethylene and other films.

Cyclic Olefin Copolymers Market report scope:

Key Takeaways from this Cyclic Olefin Copolymers Market Report

• Estimate Cyclic Olefin Copolymers Market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, applications and by different industry verticals.
• Understand the supply chain in depth on the value growth at each step, in order to optimize value and bring effectiveness in your processes.
• Know the different dynamics affecting the market - challenges, key driving factors and opportunities.
• Get a quick viewpoint on the Cyclic Olefin Copolymers Market entropy - M&A's, deals, partnerships, product launches of all key companies for the historical 5 years.
• Estimate the supply-demand gaps, import-export data and regulatory landscape for more than top 20 countries worldwide for the market.
• Get complete insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
• Study the sales and distribution channels over key geographies to improve top-line revenues.

Frequently Asked Questions-

What is the CAGR of Cyclic Olefin Copolymers Market?

The Cyclic Olefin Copolymers Market is growing at a CAGR of 5.56% During Forecast Period.

 What are the grade of Cyclic Olefin Copolymers Market?

Resin, Film

What are the end-user industry of Cyclic Olefin Copolymers Market?

Packaging, Healthcare, Diagnostics, Optics, Electronics, Others

Who are the key players in Cyclic Olefin Copolymers Market?

Entec Polymers, Topas Advanced Polymers, SCHOTT North America, Dow, Zeon, Celanese, And others.