Cyclic Olefin Copolymers Market Projected to Witness Vigorous Expansion by 2031

𝐂𝐲𝐜𝐥𝐢𝐜 𝐎𝐥𝐞𝐟𝐢𝐧 𝐂𝐨𝐩𝐨𝐥𝐲𝐦𝐞𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐈𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧

In terms of value, the global cyclic olefin copolymers market is anticipated to expand at a CAGR of ~5% from 2021 to 2031 and reach ~US$ 1 Bn by 2031. The global cyclic olefin copolymers market is driven by growth of the pharmaceutical packaging industry. In terms of value, the market in Asia Pacific is expected to expand at a CAGR of more than 5% during the forecast period. Japan is the major producer of cyclic olefin copolymers in Asia Pacific.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐨𝐧 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞 𝐨𝐟 𝐂𝐲𝐜𝐥𝐢𝐜 𝐎𝐥𝐞𝐟𝐢𝐧 𝐂𝐨𝐩𝐨𝐥𝐲𝐦𝐞𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

Key manufacturers operating in the global cyclic olefin copolymers market include TOPAS Advanced Polymers GmbH, ZEON CORPORATION, Mitsui Chemicals, Inc., and JSR Corporation.

𝐆𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰: https://www.transparencymarketresearch.com/cyclic-olefin-copolymers-market.html

𝐂𝐲𝐜𝐥𝐢𝐜 𝐎𝐥𝐞𝐟𝐢𝐧 𝐂𝐨𝐩𝐨𝐥𝐲𝐦𝐞𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐌𝐚𝐣𝐨𝐫 𝐃𝐫𝐢𝐯𝐞𝐫𝐬

The demand for cyclic olefin copolymers has been increasing, due to their beneficial properties in the pharmaceutical packaging industry. Cyclic olefin copolymers possess properties that protect a product from adverse environmental effects such as humidity. Pharmaceutical manufacturers are adopting blister packaging, as these are environment-friendly and do not react with chemicals. The demand for cyclic olefin copolymers has also been rising due to their superior chemical and physical properties. They are used as enhancers or additives to deliver excellent results or performance, which ordinary olefin resins cannot deliver.

𝐇𝐢𝐠𝐡 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧 𝐂𝐨𝐬𝐭, 𝐋𝐢𝐦𝐢𝐭𝐞𝐝 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧 𝐭𝐨 𝐇𝐚𝐦𝐩𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭

Prices of cyclic olefin copolymers are five times higher than that of the usual plastics. Small and mid-level healthcare and packaging players cannot afford cyclic olefin copolymers as primary packaging materials. Currently, the production of cyclic olefin copolymers is low, as they are expensive to manufacture and have limited applications. Hence, the price associated with them is high. Furthermore, manufacturers are reluctant to increase the production capacity due to the low demand.

𝐆𝐞𝐭 𝐏𝐃𝐅 𝐬𝐚𝐦𝐩𝐥𝐞 𝐟𝐨𝐫 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐚𝐧𝐝 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐞: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=28334 

𝟑𝐃 𝐏𝐫𝐢𝐧𝐭𝐢𝐧𝐠 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐭𝐨 𝐎𝐟𝐟𝐞𝐫 𝐋𝐮𝐜𝐫𝐚𝐭𝐢𝐯𝐞 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬

Cyclic olefin copolymers are used in 3D printing for the microfluidics industry. They possess purity, clarity, UV transparency, and superior chemical resistance. Cyclic olefin copolymers are ideal for microfluidics in biology and medical environments. The cyclic olefin copolymer is the emerging material in microfluidics. It is expected to meet the rise in demand from the healthcare industry. The printer is designed for ease of use, enabling rapid prototyping of fluidically sealed devices such as sensor cartridges, chips, valves, fluid manifolds, connectors, and medical devices.

𝐀𝐬𝐢𝐚 𝐏𝐚𝐜𝐢𝐟𝐢𝐜 𝐃𝐨𝐦𝐢𝐧𝐚𝐭𝐞𝐬 𝐂𝐲𝐜𝐥𝐢𝐜 𝐎𝐥𝐞𝐟𝐢𝐧 𝐂𝐨𝐩𝐨𝐥𝐲𝐦𝐞𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

In terms of production, Asia Pacific holds a major share of the global cyclic olefin copolymers market, as the largest manufacturer of cyclic olefin copolymers, ZEON CORPORATION, is based in the region. Japan leads in terms of production and consumption of cyclic olefin copolymers in Asia Pacific. It is the only producer of cyclic olefin copolymer in Asia Pacific. Three major companies operating in the cyclic olefin copolymers market in Japan are JSR Corporation, Mitsui Chemicals Inc., and ZEON CORPORATION. The demand for cyclic olefin copolymers is high in Asia Pacific, primarily due to factors such as high population.

The presence of rapidly expanding economies, such as India and China, is estimated to create opportunities for the cyclic olefin copolymers market in Asia Pacific in the near future.

𝐆𝐞𝐭 𝐄𝐧𝐪𝐮𝐢𝐫𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐛𝐮𝐲𝐢𝐧𝐠: https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=28334 

𝐓𝐨𝐩 𝐅𝐨𝐮𝐫 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐞𝐝 𝐟𝐨𝐫 𝐌𝐚𝐣𝐨𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐡𝐚𝐫𝐞 𝐢𝐧 𝟐𝟎𝟐𝟎

Major players operating in the global cyclic olefin copolymers market engage in product development and acquisitions. TOPAS Advanced Polymers GmbH and ZEON CORPORATION are the prominent manufacturers of cyclic olefin copolymers. TOPAS Advanced Polymers GmbH's TOPAS cyclic olefin copolymers production plant in Oberhausen/Germany commenced operations in 2000, with an annual capacity of 30,000 tons/year. On October 2, 2018, ZEON CORPORATION announced plans to expand its production capacity of the ZeonorFilm Optical Film manufacturing line at its Takaoka City plant. The company's melt extrusion film, ZeonorFilm, is the first optical film in the world to be produced successfully using the melt extrusion process and thermoplastic (cyclo-olefin polymers) developed with its unique polymer design technology.

𝐂𝐲𝐜𝐥𝐢𝐜 𝐎𝐥𝐞𝐟𝐢𝐧 𝐂𝐨𝐩𝐨𝐥𝐲𝐦𝐞𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬

The global cyclic olefin copolymers market is dominated by four major players that operate across the globe. The top four players - TOPAS Advanced Polymers GmbH, ZEON CORPORATION, JSR Corporation and Mitsui Chemicals, Inc. - accounted for 100% share in 2018. TOPAS Advanced Polymers GmbH operates in Germany, while ZEON CORPORATION, JSR Corporation, and Mitsui Chemicals, Inc. operate in Japan. Mitsui Chemicals, Inc. has production capacity of 3,000 tons of cyclic olefin copolymers per year. Others players such as Polyplastics Co., Ltd., Polysciences, Inc., Ravago Group, VELOX GmbH, LyondellBasell Industries Holdings B.V., Goodfellow, and Dalian Great Fortune Chemical Co., Ltd. are the global suppliers of cyclic olefin copolymers.

𝐂𝐥𝐢𝐜𝐤 𝐅𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=28334 

𝐆𝐥𝐨𝐛𝐚𝐥 𝐂𝐲𝐜𝐥𝐢𝐜 𝐎𝐥𝐞𝐟𝐢𝐧 𝐂𝐨𝐩𝐨𝐥𝐲𝐦𝐞𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧

𝐂𝐲𝐜𝐥𝐢𝐜 𝐎𝐥𝐞𝐟𝐢𝐧 𝐂𝐨𝐩𝐨𝐥𝐲𝐦𝐞𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭, 𝐛𝐲 𝐆𝐫𝐚𝐝𝐞

Resin

Film

𝐂𝐲𝐜𝐥𝐢𝐜 𝐎𝐥𝐞𝐟𝐢𝐧 𝐂𝐨𝐩𝐨𝐥𝐲𝐦𝐞𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭, 𝐛𝐲 𝐄𝐧𝐝-𝐮𝐬𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲

Packaging

Healthcare

Diagnostics

Optics

Electronics

Others (including 3D Printing Part Designing)

𝐀𝐛𝐨𝐮𝐭 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

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