Product Code: CH 9324
The cyclic olefin polymers market is projected to reach USD 1.54 billion by 2029 from USD 1.12 billion in 2024, at a CAGR of 6.5% during the forecast period. The market for cyclic olefins, both polymers and copolymers, spurred on by increasing demand across various industries. Its excellent clarity, chemical resistance, and low water absorption have made this material ever more precious for uses demanding high performance and reliability. The market for cyclic olefins, both polymers and copolymers, spurred on by increasing demand across various industries. Its excellent clarity, chemical resistance, and low water absorption have made this material ever more precious for uses demanding high performance and reliability. Cyclic olefin polymers are mostly used in the pharmaceutical and food & beverage sector for packaging. Another strong driver of the industry is healthcare, where the inert properties of the material and its ability to be sterilized make it the first choice for medical equipment, drug delivery devices, and diagnostic tools. Other than these applications, the electronics and optics industries are turning to cyclic olefins for their accuracy and optical clarity, catering to the requirements of cutting-edge technologies such as high-definition displays and lenses. Acceleration of urbanization and increasing disposable incomes in the emerging markets of Asia-Pacific are fueling demand as industries are growing and industrializing. Still, the industry is confronted by challenges, among them being intricacy in processes of production that can increase prices, and more price-competitive substitutes. Against these challenges, continued innovations in production methods coupled with increasing concerns for sustainable raw materials are building new opportunities for growth. The future presents itself positively for the cyclic olefin industry, backed by its capacity to satisfy changing industrial demands while embracing an increasingly performance-oriented and environmentally conscious world.
Scope of the Report |
Years Considered for the Study | 2021-2029 |
Base Year | 2023 |
Forecast Period | 2024-2029 |
Units Considered | Value (USD Million) |
Segments | Type, Process Type, End-use Industry, and Region |
Regions covered | North America, Europe, Asia Pacific, South America, and Middle East & Africa |
"The largest share of the cyclic olefin polymers market, by process type is that of injection molding."
Injection molding has the largest market share among cyclic olefin polymers because of its efficiency, accuracy, and compatability with COP's native characteristics. Cyclic olefin polymers possess high clarity, chemical resistance, and low moisture absorption and have a broad usage in medical devices, packaging, and optics. Injection molding is well-suited to such applications because it can produce complex, precise parts in high volume at relatively low cost, making it the manufacturing process of choice. One of the major reasons is the ability of the process to capitalize on COP's very good flow properties. Injection molding works by melting the polymer and forcing it into a mold at high pressure, where it cools and solidifies into shape. COP's low viscocity and heat resistance guarantee it flows easily into complex molds, creating precise parts such as syringe barrels, diagnostic cuvettes, or optical lenses with few blemishes. Relatively to other technologies, injection molding reduces waste on materials and produces fast cycle times, consistent with sustainability and performance objectives. Exclusion to the films, hollow parts fit perfectly in blow molding, whereas blow molding's plasticity to use and generate complicated solid shapes ranks it above all else. Following the increased needs for COP due to high performance, the adjustability and affordable nature of injection molding keep the technology on the top.
"North America is the third-largest region for cyclic olefin polymers market."
North America is the third largest region in the cyclic olefin market owing to a mix of industrial capabilities, technological innovations, and varied demands for applications. The region is supported by a strong manufacturing foundation, especially in the United States and Canada, where healthcare, packaging, and electronics industries flourish. These markets depend heavily on cyclic olefins-high-performance polymers with a reputation for transparency, chemical resistance, and low water absorption-ideally suited for specialist applications. In the healthcare field, for example, the biocompatibility of the material dictates its use in medical devices and drug-packaging applications, backed by an established medical technology infrastructure. The packaging sector is also an important driver, with North America's emphasis on sustainable, lightweight, and robust solutions corresponding to the attributes of cyclic olefins, particularly for food and beverages where product integrity and shelf life are paramount. In addition, North America's leadership in R&D and innovation are factors supporting its strong market position.
Extensive primary interviews were conducted to determine and verify the market size for several segments and sub-segments and the information gathered through secondary research.
The break-up of primary interviews is given below:
- By Department: Tier 1: 40%, Tier 2: 25%, and Tier 3: 35%
- By Designation: C Level: 35%, Director Level: 30%, and Executives: 35%
- By Region: North America: 25%, Europe: 45%, Asia Pacific: 20%, South America: 5%, Middle East & Africa 5%
Mitsui Chemicals, Inc. (Japan), Polyplastics Co., Ltd. (Japan), Sumitomo Bakelite Co., Ltd. (Japan), JSR Corporation (Japan), Borealis AG (Austria), Polysciences, Inc. (US), Biosynth (Switzerland), Tuoxin Technology (Quzhou) Co., Ltd. (China), Zeon Corporation (China), and China Petrochemical Development Corporation (China) among others are some of the key players in the cyclic olefin polymers market.
The study includes an in-depth competitive analysis of these key players in the authentication and brand
protection market, with their company profiles, recent developments, and key market strategies.
Research Coverage
The market study covers the cyclic olefin polymers market across various segments. It aims to estimate the market size and the growth potential of this market across different segments based on type, process type, end-use industry, and region. The study also includes an in-depth competitive analysis of key players in the market, their company profiles, key observations related to their products and business offerings, recent developments undertaken by them, and key growth strategies adopted by them to improve their position in the cyclic olefin polymers market.
Key Benefits of Buying the Report
The report is expected to help the market leaders/new entrants in this market share the closest approximations of the revenue numbers of the overall cyclic olefin polymers market and its segments and sub-segments. This report is projected to help stakeholders understand the competitive landscape of the market, gain insights to improve the position of their businesses, and plan suitable go-to-market strategies. The report also aims to help stakeholders understand the pulse of the market and provides them with information on the key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
- Analysis of key drivers (Growing demand in healthcare and pharmaceutical industry, Shift toward sustainable packaging, Advancements in electronics and optical components), restraints (High production cost of cyclic olefin polymers, Competition from alternative materials), opportunities (Increasing use of cyclic olefin polymers in optical applications, Rapid industrialization and rising consumer demand in emerging region), challenges (Volatility of raw material prices).
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the cyclic olefin polymers market
- Market Development: Comprehensive information about lucrative markets - the report analyses the cyclic olefin polymers market across varied regions
Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the cyclic olefin polymers market
- Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Mitsui Chemicals, Inc. (Japan), Polyplastics Co., Ltd. (Japan), Sumitomo Bakelite Co., Ltd. (Japan), JSR Corporation (Japan), Borealis AG (Austria), Polysciences, Inc. (US), Biosynth (Switzerland), Tuoxin Technology (Quzhou) Co., Ltd. (China), Zeon Corporation (China), and China Petrochemical Development Corporation (China) among others are the top manufacturers covered in the cyclic olefin polymers market.
TABLE OF CONTENTS
1 INTRODUCTION
- 1.1 STUDY OBJECTIVES
- 1.2 MARKET DEFINITION
- 1.3 STUDY SCOPE
- 1.3.1 MARKETS COVERED AND REGIONAL SCOPE
- 1.3.2 INCLUSIONS AND EXCLUSIONS
- 1.3.3 YEARS CONSIDERED
- 1.4 CURRENCY CONSIDERED
- 1.5 UNITS CONSIDERED
- 1.6 STAKEHOLDERS
2 RESEARCH METHODOLOGY
- 2.1 RESEARCH DATA
- 2.1.1 SECONDARY DATA
- 2.1.1.1 List of key secondary sources
- 2.1.1.2 Key data from secondary sources
- 2.1.2 PRIMARY DATA
- 2.1.2.1 Key data from primary sources
- 2.1.2.2 List of primary interview participants (demand and supply sides)
- 2.1.2.3 Key industry insights
- 2.1.2.4 Breakdown of interviews with experts
- 2.2 MARKET SIZE ESTIMATION
- 2.2.1 BOTTOM-UP APPROACH
- 2.2.2 TOP-DOWN APPROACH
- 2.3 FORECAST NUMBER CALCULATION
- 2.4 DATA TRIANGULATION
- 2.5 FACTOR ANALYSIS
- 2.6 RESEARCH ASSUMPTIONS
- 2.7 RESEARCH LIMITATIONS AND RISK ASSESSMENT
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
- 4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN CYCLIC OLEFIN POLYMER MARKET
- 4.2 CYCLIC OLEFIN POLYMER MARKET, BY MATERIAL
- 4.3 CYCLIC OLEFIN POLYMER MARKET, BY APPLICATION
- 4.4 CYCLIC OLEFIN POLYMER MARKET, BY END-USE INDUSTRY
- 4.5 CYCLIC OLEFIN POLYMER MARKET, BY COUNTRY
5 MARKET OVERVIEW
- 5.1 INTRODUCTION
- 5.2 MARKET DYNAMICS
- 5.2.1 DRIVERS
- 5.2.1.1 Growing demand in healthcare and pharmaceutical industries
- 5.2.1.2 Shift toward sustainable packaging
- 5.2.1.3 Advancements in electronics and optical components
- 5.2.1.4 Growing demand for lightweight and high-performance materials
- 5.2.2 RESTRAINTS
- 5.2.2.1 High production cost
- 5.2.2.2 Competition from alternative materials
- 5.2.3 OPPORTUNITIES
- 5.2.3.1 Rising demand for smartphone lenses
- 5.2.3.2 Rapid industrialization and rising consumer demand in emerging regions
- 5.2.4 CHALLENGES
- 5.2.4.1 Volatility in raw material prices
- 5.3 PORTER'S FIVE FORCES ANALYSIS
- 5.3.1 THREAT OF NEW ENTRANTS
- 5.3.2 THREAT OF SUBSTITUTES
- 5.3.3 BARGAINING POWER OF SUPPLIERS
- 5.3.4 BARGAINING POWER OF BUYERS
- 5.3.5 INTENSITY OF COMPETITIVE RIVALRY
- 5.4 KEY STAKEHOLDERS AND BUYING CRITERIA
- 5.4.1 KEY STAKEHOLDERS IN BUYING PROCESS
- 5.4.2 BUYING CRITERIA
- 5.5 MACROECONOMIC INDICATORS
- 5.5.1 GLOBAL GDP TRENDS
- 5.5.2 TRENDS IN AUTOMOTIVE INDUSTRY
6 INDUSTRY TRENDS
- 6.1 INTRODUCTION
- 6.2 VALUE CHAIN ANALYSIS
- 6.3 REGULATORY LANDSCAPE
- 6.3.1 REGULATIONS
- 6.3.1.1 North America
- 6.3.1.2 Europe
- 6.3.1.3 Asia Pacific
- 6.3.2 STANDARDS
- 6.3.2.1 United States Pharmacopeia (USP) Standards
- 6.3.2.2 ISO 10993 Standard
- 6.3.2.3 USP <661.1> Standard
- 6.3.2.4 European Pharmacopoeia (Ph. Eur.) Standards
- 6.3.3 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
- 6.4 TRADE ANALYSIS
- 6.4.1 IMPORT SCENARIO (HS CODE 390290)
- 6.4.2 EXPORT SCENARIO (HS CODE 390290)
- 6.5 ECOSYSTEM ANALYSIS
- 6.6 CASE STUDY ANALYSIS
- 6.6.1 CYCLIC OLEFIN POLYMERS TO ADDRESS LIMITATIONS OF TRADITIONAL ACRYLIC POLYMERS
- 6.7 TECHNOLOGY ANALYSIS
- 6.7.1 KEY TECHNOLOGIES
- 6.7.1.1 Vat photopolymerization
- 6.7.1.2 Ring-opening metathesis polymerization (ROMP) and hydrogenation
- 6.7.1.3 Surface activation technologies
- 6.7.2 COMPLEMENTARY TECHNOLOGIES
- 6.7.2.1 Melt blending technologies for COC/PA composites
- 6.7.2.2 Multilayer film extrusion
- 6.8 KEY CONFERENCES AND EVENTS, 2025
- 6.9 PRICING ANALYSIS
- 6.9.1 AVERAGE SELLING PRICE TREND, BY REGION, 2021-2023
- 6.9.2 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY END-USE INDUSTRY, 2023
- 6.9.3 AVERAGE SELLING PRICE TREND, BY TYPE, 2021-2023
- 6.10 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
- 6.11 PATENT ANALYSIS
- 6.11.1 METHODOLOGY
- 6.11.2 DOCUMENT TYPES
- 6.11.3 PUBLICATION TRENDS IN LAST 10 YEARS
- 6.11.4 INSIGHTS
- 6.11.5 LEGAL STATUS OF PATENTS
- 6.11.6 JURISDICTION ANALYSIS
- 6.11.7 APPLICANTS
- 6.12 INVESTMENT AND FUNDING SCENARIO
- 6.13 IMPACT OF AI/GEN AI ON CYCLIC OLEFIN POLYMER MARKET
7 CYCLIC OLEFIN POLYMER MARKET, BY TYPE
- 7.1 INTRODUCTION
- 7.2 COPOLYMERS
- 7.2.1 HIGH GLASS TRANSITION TEMPERATURE AND DIMENSIONAL STABILITY TO DRIVE MARKET
- 7.3 HOMOPOLYMERS
- 7.3.1 EXCELLENT CHEMICAL RESISTANCE AND SUPERIOR THERMAL STABILITY TO DRIVE MARKET
8 CYCLIC OLEFIN POLYMER MARKET, BY PROCESS TYPE
- 8.1 INTRODUCTION
- 8.2 INJECTION MOLDING
- 8.2.1 EXCEPTIONAL CLARITY, CHEMICAL RESISTANCE, AND LOW MOISTURE ABSORPTION TO DRIVE MARKET
- 8.3 EXTRUSION
- 8.3.1 LONG-TERM STABILITY IN HUMID ENVIRONMENTS TO DRIVE MARKET
- 8.4 BLOW MOLDING
- 8.4.1 COST-EFFECTIVENESS IN LARGE-SCALE PRODUCTION, REDUCING MATERIAL WASTE AND LABOR COSTS TO DRIVE MARKET
- 8.5 OTHER PROCESS TYPES
9 CYCLIC OLEFIN POLYMER MARKET, BY END-USE INDUSTRY
- 9.1 INTRODUCTION
- 9.2 PACKAGING
- 9.2.1 EXCEPTIONAL CHEMICAL RESISTANCE, OPTICAL CLARITY, AND MOISTURE BARRIER PROPERTIES TO DRIVE MARKET
- 9.2.1.1 Pharmaceutical blister packaging
- 9.2.1.2 Cosmetic containers
- 9.2.1.3 Other packaging
- 9.3 AUTOMOTIVE
- 9.3.1 HIGH TRANSPARENCY, LOW DENSITY, AND SCRATCH-RESISTANCE PROPERTIES TO PROPEL MARKET
- 9.4 HEALTHCARE & MEDICAL
- 9.4.1 BIOCOMPATIBILITY AND EXCELLENT BARRIER AGAINST GASES AND MOISTURE TO FUEL DEMAND
- 9.4.1.1 Diagnostic devices
- 9.4.1.2 Surgical instruments
- 9.4.1.3 Other healthcare & Medical
- 9.5 FOOD & BEVERAGE
- 9.5.1 EXCEPTIONAL MOISTURE BARRIER PROPERTIES FOR PRESERVING FRESHNESS AND SHELF LIFE OF FOOD AND BEVERAGES TO DRIVE DEMAND
- 9.6 ELECTRICAL & ELECTRONICS
- 9.6.1 EXCELLENT ELECTRICAL INSULATION AND LOW DIELECTRIC CONSTANT TO BOOST DEMAND
- 9.6.1.1 Displays
- 9.6.1.2 Semiconductors
- 9.6.1.3 Other electrical & electronics
- 9.7 CHEMICALS
- 9.7.1 EXPOSURE TO AGGRESSIVE CHEMICALS, PRECISE MATERIAL PERFORMANCE, AND DURABILITY TO FUEL DEMAND
- 9.8 OPTICAL
- 9.8.1 UV RESISTANCE, OPTICAL CLARITY, AND LOW BIREFRINGENCE TO DRIVE DEMAND
- 9.9 OTHER END-USE INDUSTRIES
10 CYCLIC OLEFIN POLYMER MARKET, BY REGION
- 10.1 INTRODUCTION
- 10.2 NORTH AMERICA
- 10.2.1 US
- 10.2.1.1 Growing automotive industry to drive market
- 10.2.2 CANADA
- 10.2.2.1 Significant growth of healthcare sector to boost market
- 10.2.3 MEXICO
- 10.2.3.1 Booming automotive sector to drive market
- 10.3 EUROPE
- 10.3.1 GERMANY
- 10.3.1.1 Strong industrial base and technological advancements to drive market
- 10.3.2 FRANCE
- 10.3.2.1 Foreign direct investments in healthcare sector to drive market
- 10.3.3 SPAIN
- 10.3.3.1 Growing pharmaceutical industry to propel market
- 10.3.4 UK
- 10.3.4.1 Rising demand from healthcare sector to drive market
- 10.3.5 ITALY
- 10.3.5.1 Strong pharmaceutical industry to drive market
- 10.3.6 REST OF EUROPE
- 10.4 ASIA PACIFIC
- 10.4.1 CHINA
- 10.4.1.1 Booming healthcare industry to propel market
- 10.4.2 INDIA
- 10.4.2.1 Government-led investments and initiatives to drive market
- 10.4.3 JAPAN
- 10.4.3.1 Booming automotive and healthcare sectors to drive market
- 10.4.4 SOUTH KOREA
- 10.4.4.1 Strong leadership in pharmaceutical and display industries to drive market
- 10.4.5 MALAYSIA
- 10.4.5.1 Increased investments in pharmaceutical industry to drive market
- 10.4.6 REST OF ASIA PACIFIC
- 10.5 MIDDLE EAST & AFRICA
- 10.5.1 GCC COUNTRIES
- 10.5.1.1 Saudi Arabia
- 10.5.1.1.1 Strong government focus on healthcare sector to drive market
- 10.5.1.2 UAE
- 10.5.1.2.1 Shift toward generic drug manufacturing and strong focus on building pharmaceutical ecosystem to drive market
- 10.5.1.3 Rest of GCC countries
- 10.5.2 SOUTH AFRICA
- 10.5.2.1 Strong growth in pharmaceutical sector to boost market
- 10.5.3 REST OF MIDDLE EAST & AFRICA
- 10.6 SOUTH AMERICA
- 10.6.1 BRAZIL
- 10.6.1.1 High investments in healthcare sector and booming automotive sector to drive market
- 10.6.2 ARGENTINA
- 10.6.2.1 Strong focus on increasing drug production to drive market
- 10.6.3 REST OF SOUTH AMERICA
11 COMPETITIVE LANDSCAPE
- 11.1 OVERVIEW
- 11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
- 11.3 REVENUE ANALYSIS
- 11.4 MARKET SHARE ANALYSIS
- 11.5 COMPANY VALUATION AND FINANCIAL METRICS
- 11.6 BRAND/PRODUCT COMPARISON ANALYSIS
- 11.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
- 11.7.1 STARS
- 11.7.2 EMERGING LEADERS
- 11.7.3 PERVASIVE PLAYERS
- 11.7.4 PARTICIPANTS
- 11.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
- 11.7.5.1 Company footprint
- 11.7.5.2 Type footprint
- 11.7.5.3 End-use industry footprint
- 11.7.5.4 Region footprint
- 11.8 COMPETITIVE SCENARIO
- 11.8.1 DEALS
- 11.8.2 PRODUCT LAUNCHES
- 11.8.3 EXPANSIONS
12 COMPANY PROFILES
- 12.1 KEY PLAYERS
- 12.1.1 MITSUI CHEMICALS, INC.
- 12.1.1.1 Business overview
- 12.1.1.2 Products/Solutions/Services offered
- 12.1.1.3 Recent developments
- 12.1.1.4 MnM view
- 12.1.1.4.1 Key strengths/Right to win
- 12.1.1.4.2 Strategic choices
- 12.1.1.4.3 Weaknesses/Competitive threats
- 12.1.2 POLYPLASTICS CO., LTD.
- 12.1.2.1 Business overview
- 12.1.2.2 Products/Solutions/Services offered
- 12.1.2.3 Recent developments
- 12.1.3 SUMITOMO BAKELITE CO., LTD.
- 12.1.3.1 Business overview
- 12.1.3.2 Products/Solutions/Services offered
- 12.1.3.3 Recent developments
- 12.1.3.3.1 Product launches
- 12.1.3.3.2 Deals
- 12.1.3.4 MnM view
- 12.1.3.4.1 Key strengths/Right to win
- 12.1.3.4.2 Strategic choices
- 12.1.3.4.3 Weaknesses/Competitive threats
- 12.1.4 TUOXIN TECHNOLOGY (QUZHOU) CO., LTD. (TOPOLEFIN)
- 12.1.4.1 Business overview
- 12.1.4.2 Products/Solutions/Services offered
- 12.1.4.3 Recent developments
- 12.1.4.4 MnM view
- 12.1.4.4.1 Key strengths/Right to win
- 12.1.4.4.2 Strategic choices
- 12.1.4.4.3 Weaknesses/Competitive threats
- 12.1.5 ZEON CORPORATION
- 12.1.5.1 Business overview
- 12.1.5.2 Products/Solutions/Services offered
- 12.1.5.3 Recent developments
- 12.1.5.3.1 Product launches
- 12.1.5.3.2 Expansions
- 12.1.5.4 MnM view
- 12.1.5.4.1 Key strengths/Right to win
- 12.1.5.4.2 Strategic choices
- 12.1.5.4.3 Weaknesses/Competitive threats
- 12.1.6 JSR CORPORATION
- 12.1.6.1 Business overview
- 12.1.6.2 Products/Solutions/Services offered
- 12.1.6.3 MnM view
- 12.1.7 BOREALIS AG
- 12.1.7.1 Business overview
- 12.1.7.2 Products/Solutions/Services offered
- 12.1.7.3 Recent developments
- 12.1.7.3.1 Product launches
- 12.1.7.4 MnM view
- 12.1.8 POLYSCIENCES, INC.
- 12.1.8.1 Business overview
- 12.1.8.2 Products/Solutions/Services offered
- 12.1.8.3 MnM view
- 12.1.9 BIOSYNTH
- 12.1.9.1 Business overview
- 12.1.9.2 Products/Solutions/Services offered
- 12.1.9.3 Recent developments
- 12.1.9.3.1 Deals
- 12.1.9.3.2 Expansions
- 12.1.9.4 MnM view
- 12.1.10 CHINA PETROCHEMICAL DEVELOPMENT CORPORATION (CPDC)
- 12.1.10.1 Business overview
- 12.1.10.2 Products/Solutions/Services offered
- 12.1.10.3 MnM view
13 APPENDIX
- 13.1 DISCUSSION GUIDE
- 13.2 KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
- 13.3 CUSTOMIZATION OPTIONS
- 13.4 RELATED REPORTS
- 13.5 AUTHOR DETAILS