Cyclic Olefin Copolymer Market Global Outlook and Forecast 2023-2030
Pune – The global Cyclic Olefin Copolymer market was valued at US$ 970.9 million in 2022 and is projected to reach US$ 1493.5 million by 2029, at a CAGR of 6.3% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes. We surveyed the Cyclic Olefin Copolymer manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
According to 24Chemicalresearch study titled “Cyclic Olefin Copolymer Market Global Outlook and Forecast 2023-2030″The global Cyclic Olefin Copolymer market was valued at US$ 970.9 million in 2022 and is projected to reach US$ 1493.5 million by 2029, at a CAGR of 6.3% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Cyclic olefin copolymer (COC) is an amorphous polymer made by several polymer manufacturers. In 2005 there were “several types of commercial cyclic olefin copolymers based on different types of cyclic monomers and polymerization methods. Cyclic olefin copolymers are produced by chain copolymerization of cyclic monomers such as 8,9,10-trinorborn-2-ene (norbornene) or 1,2,3,4,4a,5,8,8a-octahydro-1,4:5,8-dimethanonaphthalene (tetracyclododecene) with ethene (such as TOPAS Advanced Polymer’s TOPAS, Mitsui Chemical’s APEL), or by ring-opening metathesis polymerization of various cyclic monomers followed by hydrogenation (Japan Synthetic Rubber’s ARTON, Zeon Chemical’s Zeonex and Zeonor).” These later materials using a single type of monomer are more properly named cyclic olefin polymers (COP).
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Based on the polymerization routes, there are two main categories of the product: Cyclic Olefin Polymer (COP) and Cyclic Olefin Polymer (COP). Cyclic Olefin Polymer (COP) 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.
This report aims to provide a comprehensive presentation of the global market for Cyclic Olefin Copolymer, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Cyclic Olefin Copolymer. This report contains market size and forecasts of Cyclic Olefin Copolymer in global, including the following market information:
Global Cyclic Olefin Copolymer Market Revenue, 2018-2023, 2024-2029, ($ millions)Global Cyclic Olefin Copolymer Market Sales, 2018-2023, 2024-2029, (K MT)Global top five Cyclic Olefin Copolymer companies in 2022 (%)Asia Pacific is the largest cyclic olefin copolymer (COC) market with about 60% market share. North America is follower, accounting for about 18% market share.
The key players are TOPAS Advanced Polymers, Zeon, Mitsui Chemicals, JSR etc. Top 2 companies occupied about 85% market share.In terms of product, cyclic olefin polymer (COP) is the largest segment, with a share over 60%. And in terms of application, the largest application is optical, followed by packaging.
We surveyed the Cyclic Olefin Copolymer manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Cyclic Olefin Copolymer Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Cyclic Olefin Copolymer Market Segment Percentages, by Type, 2022 (%)
- COC
- COP
Global Cyclic Olefin Copolymer Market Segment Percentages, by Application, 2022 (%)
- Optical
- Bio Diagnostics
- Medical
- Packaging
- Electronics
- Others
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Global Cyclic Olefin Copolymer Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Cyclic Olefin Copolymer Market Segment Percentages, By Region and Country, 2022 (%)
- North America (United States, Canada, Mexico)
- Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- The Middle East and Africa (Middle East, Africa)
- South and Central America (Brazil, Argentina, Rest of SCA)
- North America (United States, Canada, Mexico)
Market Drivers:
- New COC applications are being continuously explored and developed, which will inevitably lead to a gradual increase in the market demand for COC.
- Original Equipment Manufacturers (OEMs) in the healthcare sector, despite the regulatory constraints associated with changing medical packaging materials, are switching from PAN-based polymers to cyclic olefin copolymers.
- Driven by the current COC’s wide range of end uses and promising application prospects, there may be new manufacturers accelerating their research and development to speed up their access to this market.
Market Restraints:
- There are significant technological barriers in the production of high-quality Cyclic Olefin Copolymer, and only several manufacturers around the world can mass produce affordable high-quality Cyclic Olefin Copolymer.
- With the increasing prices of raw materials and manufacturing costs (including labor cost and environmental protection cost), there will be a decrease of the profit rate for related companies.
- Due to stricter environmental and ecological protection regulations, the environmental treatment costs are becoming more expensive.
- As the main raw material of the cyclic olefin polymer, the supply and price of cyclic olefin monomers will significantly affect the cyclic olefin polymer market.
The report also provides analysis of leading market participants including:
Key companies Cyclic Olefin Copolymer revenues in global market, 2018-2023 (Estimated), ($ millions)Key companies Cyclic Olefin Copolymer revenues share in global market, 2022 (%)Key companies Cyclic Olefin Copolymer sales in global market, 2018-2023 (Estimated), (K MT)Key companies Cyclic Olefin Copolymer sales share in global market, 2022 (%)
- TOPAS Advanced Polymers
- Zeon
- Mitsui Chemicals
- JSR
Chapter 1: Introduces the definition of Cyclic Olefin Copolymer, market overview.
Chapter 2: Global Cyclic Olefin Copolymer market size in revenue and volume.
Chapter 3: Detailed analysis of Cyclic Olefin Copolymer manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Cyclic Olefin Copolymer in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Cyclic Olefin Copolymer capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
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Table of content1 Introduction to Research & Analysis Reports1.1 Cyclic Olefin Copolymer Market Definition1.2 Market Segments1.2.1 Market by Type1.2.2 Market by Application1.3 Global Cyclic Olefin Copolymer Market Overview1.4 Features & Benefits of This Report1.5 Methodology & Sources of Information1.5.1 Research Methodology1.5.2 Research Process1.5.3 Base Year1.5.4 Report Assumptions & Caveats2 Global Cyclic Olefin Copolymer Overall Market Size2.1 Global Cyclic Olefin Copolymer Market Size: 2022 VS 20292.2 Global Cyclic Olefin Copolymer Revenue, Prospects & Forecasts: 2018-20292.3 Global Cyclic Olefin Copolymer Sales: 2018-20293 Company Landscape3.1 Top Cyclic Olefin Copolymer Players in Global Market3.2 Top Global Cyclic Olefin Copolymer Companies Ranked by Revenue3.3 Global Cyclic Olefin Copolymer Revenue by Companies3.4 Global Cyclic Olefin Copolymer Sales by Companies3.5 Global Cyclic Olefin Copolymer Price by Manufacturer (2018-2023)3.6 Top 3 and Top 5 Cyclic Olefin Copolymer Companies in Global Market, by Revenue in 20223.7 Global Manufacturers Cyclic Olefin Copolymer Product Type3.8 Tier 1, Tier 2 and Tier 3 Cyclic Olefin Copolymer Players in Global Market3.8.1 List of Global Tier 1 Cyclic Olefin Copolymer Companies3.8.2 List of Global Tier 2 and Tier 3 Cyclic Olefin Copolymer Companies4 Sights by Product
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