Global Cyclic Olefin Copolymer Market is valued at approximately USD 825.40 million in 2021 and is anticipated to grow with a healthy growth rate of more than 5.5% over the forecast period 2022-2029. Cyclic Olefin Copolymer (COC) is an amorphous polymer that offers properties such as low density, better transparency, and advanced optical properties. COC elastomers are thermoplastics with high tensile strength, low birefringence, and chemical resistance. COC can withstand extreme temperatures and pressures while maintaining its physical characteristics compared to common materials like polypropylene and polyethylene. COC has a wide range of various characteristics including high melt flowability, excellent moisture, heat, and chemical resistance and the absence of halogens and BPA. Factors such as an increase in environmental concerns, rising number of government regulations, and ban on conventional plastics for packaging are the primary factors that are fostering market growth across the globe.
The rising application of the cyclic olefin copolymer across the packaging industries owing to its high resistance property is burgeoning the market demand. According to Statista, in 2021, the plastic packaging sector was estimated to value at USD 265.2 billion worldwide, which is projected to reach 385.5 billion by 2027. Thus, the flourishing growth of the plastic packaging sector is exhibiting a positive influence on the market growth in the global market. Moreover, rising investment in research and development activities, as well as the increasing number of strategic initiatives by the key market players are presenting various lucrative opportunities over the forecasting years. However, the lack of knowledge about the advantages of cyclic olefin copolymer and the availability of substitute polymers such as polyethylene and polypropylene are hindering the market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Cyclic Olefin Copolymer Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Asia Pacific dominated the market in terms of revenue, owing to the expansion of production capacity, along with the rise in research activities regarding the production of cost-effective cyclic olefin copolymer. Whereas, the Asia Pacific is also expected to grow with the highest CAGR during the forecast period, owing to factors such as increasing industrialization and urbanization, as well as growth of the packaging sector in the market space.
Major market players included in this report are:
- Zeon corporation
- Borealis Group
- Topas Advanced Polymers, Inc
- MITSUI & CO.,Ltd
- Jsr Corporation
- Polysciences, Inc.
- Entec Polymers
- Lyondellbasell Industries Holdings B.V.
- Ravago Group
- VELOX GmbH
Recent Developments in the Market:
- In April 2020, Mitsui Chemicals, Inc. declared that the company has established a new plant within Osaka Works, Takaishi, Osaka Prefecture in order to develop the APEL family of cyclic olefin copolymers. The new facility increases Mitsui Chemicals' ability to produce APELTM by about 50%.
Global Cyclic Olefin Copolymer Market Report Scope:
- Historical Data 2019-2020-2021
- Base Year for Estimation 2021
- Forecast period 2022-2029
- Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered Application, End Use Industry, Region
- Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
- Customization Scope Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
By Application:
- Packaging
- Diagnostics
- Others
By End Use: Industry:
- Pharmaceuticals and Biotechnological
- Medical
- Chemical
- Food and Beverage
- Others
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- RoLA
- Rest of the World
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Million)
- 1.2.1. Cyclic Olefin Copolymer Market, by Region, 2019-2029 (USD Million)
- 1.2.2. Cyclic Olefin Copolymer Market, by Application, 2019-2029 (USD Million)
- 1.2.3. Cyclic Olefin Copolymer Market, by End Use Industry, 2019-2029 (USD Million)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Cyclic Olefin Copolymer Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Cyclic Olefin Copolymer Market Dynamics
- 3.1. Cyclic Olefin Copolymer Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
- 3.1.1.1. Rising number of government regulations
- 3.1.1.2. Growth application in the plastic packaging sector
- 3.1.2. Market Challenges
- 3.1.2.1. Lack of knowledge about the advantages of cyclic olefin copolymer
- 3.1.2.2. Availability of substitute polymers such as polyethylene and polypropylene
- 3.1.3. Market Opportunities
- 3.1.3.1. Rising investment in research and development activities
- 3.1.3.2. Increasing number of strategic initiatives by the key market players
Chapter 4. Global Cyclic Olefin Copolymer Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. Industry Experts Prospective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1. Assessment of the overall impact of COVID-19 on the industry
- 5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Cyclic Olefin Copolymer Market, by Application
- 6.1. Market Snapshot
- 6.2. Global Cyclic Olefin Copolymer Market by Application, Performance - Potential Analysis
- 6.3. Global Cyclic Olefin Copolymer Market Estimates & Forecasts by Application 2019-2029 (USD Million)
- 6.4. Cyclic Olefin Copolymer Market, Sub Segment Analysis
- 6.4.1. Packaging
- 6.4.2. Diagnostics
- 6.4.3. Others
Chapter 7. Global Cyclic Olefin Copolymer Market, by End Use Industry
- 7.1. Market Snapshot
- 7.2. Global Cyclic Olefin Copolymer Market by End Use Industry, Performance - Potential Analysis
- 7.3. Global Cyclic Olefin Copolymer Market Estimates & Forecasts by End Use Industry 2019-2029 (USD Million)
- 7.4. Cyclic Olefin Copolymer Market, Sub Segment Analysis
- 7.4.1. Pharmaceuticals and Biotechnological
- 7.4.2. Medical
- 7.4.3. Chemical
- 7.4.4. Food and Beverage
- 7.4.5. Others
Chapter 8. Global Cyclic Olefin Copolymer Market, Regional Analysis
- 8.1. Cyclic Olefin Copolymer Market, Regional Market Snapshot
- 8.2. North America Cyclic Olefin Copolymer Market
- 8.2.1. U.S. Cyclic Olefin Copolymer Market
- 8.2.1.1. Application breakdown estimates & forecasts, 2019-2029
- 8.2.1.2. End Use Industry breakdown estimates & forecasts, 2019-2029
- 8.2.2. Canada Cyclic Olefin Copolymer Market
- 8.3. Europe Cyclic Olefin Copolymer Market Snapshot
- 8.3.1. U.K. Cyclic Olefin Copolymer Market
- 8.3.2. Germany Cyclic Olefin Copolymer Market
- 8.3.3. France Cyclic Olefin Copolymer Market
- 8.3.4. Spain Cyclic Olefin Copolymer Market
- 8.3.5. Italy Cyclic Olefin Copolymer Market
- 8.3.6. Rest of Europe Cyclic Olefin Copolymer Market
- 8.4. Asia-Pacific Cyclic Olefin Copolymer Market Snapshot
- 8.4.1. China Cyclic Olefin Copolymer Market
- 8.4.2. India Cyclic Olefin Copolymer Market
- 8.4.3. Japan Cyclic Olefin Copolymer Market
- 8.4.4. Australia Cyclic Olefin Copolymer Market
- 8.4.5. South Korea Cyclic Olefin Copolymer Market
- 8.4.6. Rest of Asia Pacific Cyclic Olefin Copolymer Market
- 8.5. Latin America Cyclic Olefin Copolymer Market Snapshot
- 8.5.1. Brazil Cyclic Olefin Copolymer Market
- 8.5.2. Mexico Cyclic Olefin Copolymer Market
- 8.5.3. Rest of Latin America Cyclic Olefin Copolymer Market
- 8.6. Rest of The World Cyclic Olefin Copolymer Market
Chapter 9. Competitive Intelligence
- 9.1. Top Market Strategies
- 9.2. Company Profiles
- 9.2.1. Zeon Corporation
- 9.2.1.1. Key Information
- 9.2.1.2. Overview
- 9.2.1.3. Financial (Subject to Data Availability)
- 9.2.1.4. Product Summary
- 9.2.1.5. Recent Developments
- 9.2.2. Borealis Group
- 9.2.3. Topas Advanced Polymers, Inc
- 9.2.4. MITSUI & CO.,Ltd
- 9.2.5. Jsr Corporation
- 9.2.6. Polysciences, Inc.
- 9.2.7. Entec Polymers
- 9.2.8. Lyondellbasell Industries Holdings B.V.
- 9.2.9. Ravago Group
- 9.2.10. VELOX GmbH
Chapter 10. Research Process
- 10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
- 10.2. Research Attributes
- 10.3. Research Assumption