Cyclic Olefin Copolymer Market Competitor Landscape, Opportunity Analysis,Trends & Forecast To 2028 | TOPAS Advanced Polymers, Mitsui Chemicals Group, JSR Corporation

According to the report by Quince Market Insights, 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. It is anticipated that increased demand from applications including packaging, healthcare, optics, electronics, and others will drive market growth.

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When cyclic monomer copolymerization with ethene occurs in the chain, cyclic olefin copolymers (COCs) form. COCs possess excellent optical properties, similar to those of glass. Not only can they withstand high temperatures, they also offer superb transparency with low bi-refractivity.

Segmentation provides a better understanding of this market and its growth prospects

The global market for cyclic olefin copolymers was segmented by product type, grade, and application. The market was segmented into films and resins according to grade. As they offer high chemical resistance and optical transparency, resins are most widely used in the medical packaging sector.

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.

Based on application, the market has been segmented into packaging, healthcare, optics, electronics, and others. Due to their properties such as high purity, moisture barrier, clarity and compatibility with sterilization, demand for cyclic olefin copolymers has grown in the medical, healthcare, and packaging sectors. Due to their low bi-refractivity, the demand for cyclic olefin copolymers has increased in the optical sector, and is now widely 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.

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Important Factors Impacting Market Growth:

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

Regional distribution and potential areas for growth

Based on region, the cyclic olefin copolymer market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World. Some of the major markets in North America and Western Europe are also traditional suppliers of chemicals such as specialty chemicals, bulk chemicals, etc. These regions have witnessed a number of transitions from end-use industries in terms of the production of chemicals and their respective applications.

During the forecast period, the Asia Pacific and the Middle East are expected to register significant growth on the cyclic olefin copolymer market. This demand is about the growth of major end-use industries / applications such as packaging, healthcare, optics, electronics, etc. Major Asia-Pacific countries include China, South Korea, Japan, India, Australia, etc. 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 strong potential for marketing cyclic olefin copolymers. Global companies have increasingly invested in these regions to strengthen their presence and to tap the potential market. Major economies for cyclic olefin copolymer markets in these regions include Brazil, South Africa, Nigeria, Argentina, Colombia and others.

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

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

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

Customization:

We provide customization of the study to meet specific requirements:
By Segment
By Sub-segment
By Region/Country

Contact:
Quince Market Insights
Ajay D. (Knowledge Partner)
Office No- A109,
Pune, Maharashtra 411028
Phone: +91 - 9850603687 / 7972869557
Email: sales@quincemarketinsights.com
Web: www.quincemarketinsights.com

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This release was published on openPR.