Cyclic Olefin Copolymer Market Bring Emerging Opportunities To Grow Market In Future – ZEON CORPORATION, TOPAS Advanced Polymers GmbH, Mitsui Chemicals

Cyclic Olefin Copolymer Market

The global cyclic olefin copolymer (COC) market was valued at USD 560 million in 2018 and is expected to reach USD 896 million by 2028, recording a CAGR of 4.1% during the forecast period, 2019–2026.

Cyclic Olefin Copolymer (COC) is a class of amorphous thermoplastic polymers that exhibit high transparency, good chemical and heat resistance, and excellent dimensional stability. COC is ideal for optical data discs and high precision lenses and finds extensive applications in packaging, diagnostics, electronics, and healthcare. The new film extrusion grade of cyclic olefin copolymer (COC) is observing significant demand with emerging applications in food packaging.

The rapidly growing medical technology sector, which caters optical applications in the form of camera lenses, sensors, and displays, is a key factor driving market growth globally. Applications in the healthcare industry, such as medical technologies, are expected to boost growth prospects on account of increasing health consciousness and rising healthcare expenditure. According to the World Health Organization, 800 million people spend at least 10% of their household budgets on healthcare, and around 100 million people are being pushed into extreme poverty by their healthcare expenditures.

Packaging, healthcare, optics, electronics, and diagnostics are the key end uses of COCs. The high chemical resistance and moisture limiting properties of COC, coupled with high biocompatibility, strength, and electrical insulation, are expected to garner attention in food and cosmetic packaging. Injection molding, cast & blown film extrusion, and blow molding are the key processing techniques studied in the report. COC pharmaceutical containers and trays are manufactured through injection molding, while food and pharmaceutical packaging are produced from injection molding.

COC resins, commonly supplied in the pellet form, are used in standard polymer processing techniques such as injection molding, thermoforming, blow molding and used to manufacture bottles, trays, etc. Corona treatment is used to enhance the performance of COC products, such as wettability and coating, printing, and gluing ability. These systems are extensively used for the treatment of syringes, Petri dishes, trays, lenses, needle hubs, and others.

According to a report published by the Inter-American Development Bank in 2019, export value and growing manufacturing activities in Mexico, Argentina, and Brazil are likely to create demand for industrial equipment and devices such as control panel, cameras, and others, where cyclic olefin copolymers find application. Brazil, the largest healthcare market in Latin America, spends 9.1% of its GDP on healthcare. As per the ITA, Brazil’s medical devices market was valued at USD 10.8 billion in 2017.

Favorable government policies and interventions for manufacturing are expected to boost MEA’s cyclic olefin copolymer market during the forecast period, 2019–2026. The United Arab Emirates' Ministry of Health and Prevention reduced the prices of 762 innovative and critically required medicines by up to 66% as a part of the seventh initiative of ‘Reduction in Medicine Prices,’ which has augmented the growth of the market for cyclic olefin copolymers.

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The Major Prominent Players Covered in this Report:
ZEON CORPORATION, TOPAS Advanced Polymers GmbH, Mitsui Chemicals, Inc, JSR Corporation, SABIC, PolyPlastics Inc., and Johnson & Johnson, among others.

By End-Use Industry, Packaging,Healthcare,Optics,Electronics,Diagnostics,Others
By Processing Technique,Injection Molding, Cast & Blown Film Extrusion, Blow Molding, Extrusion Blow Molding (EBM), Injection Blow Molding (IBM), Injection Stretch Blow Molding (ISBM)
By Grade, Resin, Film
By Treatment, Corona, Plasma, Irradiation

NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post the COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth rate of Steerable Medical Devices in these regions, from 2019 to 2026, covering:
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

View this report with a detailed description and TOC @ https://straitsresearch.com/report/cyclic-olefin-copolymer-market/toc

Key Cyclic Olefin Copolymer Market Trends:
- The report identifies, determines, and forecasts the Global Cyclic Olefin Copolymer Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Cyclic Olefin Copolymer Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in this Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Cyclic Olefin Copolymer Market.

Key Questions Answered in The Report:
What will the Cyclic Olefin Copolymer market growth rate?
What are the key factors driving the global Cyclic Olefin Copolymer market?
Who are the key manufacturers in the Cyclic Olefin Copolymer market space?
What are the market opportunities, market risk, and market overview of the Cyclic Olefin Copolymer market?
What are sales, revenue, and price analysis of top manufacturers of the Cyclic Olefin Copolymer market?
Who are the distributors, traders, and dealers of the Cyclic Olefin Copolymer market?
What are the market opportunities and threats faced by the vendors in the global Steerable Medical Devices Industry?
What are sales, revenue, and price analysis by types and applications of the Cyclic Olefin Copolymer Industry?
What are sales, revenue, and price analysis by regions of Cyclic Olefin Copolymer industry?
What are the driving factors contributing to market growth during the short, medium, and long term?

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