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Global Cyclic Olefin Copolymer (COC) Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024
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Global Cyclic Olefin Copolymer (COC) Market Size Will Increase To 1313 Million USD By 2025
Cyclic Olefin Copolymer (COC), also called cyclic olefin polymers (COP)，is a new class of polymeric materials with property profiles which can be varied over a wide range during polymerization.
Based on the polymerization routes, there are two main categories of the product: Cyclic Olefin Copolymer (COC) and Cyclic Olefin Polymer (COP). Cyclic Olefin Copolymer (COC) and Cyclic Olefin Polymer (COP) comprise a relatively new class of amorphous thermoplastic polymers and are described together because COCs and COPs are very similar, with the exception that COPs use a single type of monomer during formulation.
Cyclic olefin copolymer is an amorphous thermoplastic that is finding increased utility as a blending agent in polyolefin packaging films for medical, consumer, and industrial markets. Cyclic olefin copolymer offers high transparency, outstanding moisture barrier, high stiffness and strength, and excellent biocompatibility in such applications as medical devices, food and pharmaceutical packaging, optics, and electronics. Among various applications, demand from medical industry accounts for the largest market share with 32.50% in 2018.
According to the manufacturing process, cyclic olefin copolymer can be divided into COC and COP. TOPAS and Mitsui Chemicals are the manufacturers of COC while Zeon and JSR are the providers of COP.
Global sales of cyclic olefin copolymer is 71680 MT in 2018, increased from 64060 MT in 2018. Japan is the largest production base of cyclic olefin copolymer globally, followed by Europe. Actually, the production of cyclic olefin copolymer is only distributed in the Japan and Europe presently. There are just four producers of cyclic olefin copolymer globally with high industry concentration as well as technology barrier.
When refers to the consumption, Europe and Asia-Pacific are the largest ones and contributed 40.91% and 41.46% share respectively in the consumption market in 2018. Except Europe and Japan, other regions have to depend on import to meet demand.
Cyclic olefin copolymer applications are still being explored further. Backed with promising demand from downstream industries, as well as manufacturers’ exploring activities, it is estimated that global cyclic olefin copolymer industry will be worthy of 1313 million USD by the end of 2025, growing at a CAGR of 0.84% between 2019 and 2025.
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