PUBLISHER: Value Market Research | PRODUCT CODE: 1264139
PUBLISHER: Value Market Research | PRODUCT CODE: 1264139
The global demand for Cyclic Olefin Copolymers Market is presumed to reach the market size of nearly USD 1874.58 MN by 2030 from USD 963.18 MN in 2022 with a CAGR of 8.68% under the study period 2023 - 2030.
Cyclic olefin copolymers (COCs) are high-temperature polymers with excellent optical characteristics, chemical and heat resistance, and dimensional stability. COC is a material that can tolerate high temperatures and pressures while retaining its physical properties. COCs are used in packaging, medical and healthcare, optical and optics, electronics, and other applications. COC is used in various applications, including food packaging, medical equipment, and specialty pharmaceutical packaging, to replace traditional flexible materials including PVC, Polyamide, Polyethylene Terephthalate (PET), and Polyacrylonitriles. Due to its high purity and specific characteristics, COC has become the dominating material in advanced diagnostic and microfluidic applications. COC is used as a performance enhancer in polyethylene and polypropylene films to evaluate films and compete with more sophisticated, less recyclable formulations.
The global cyclic olefin copolymers market is expanding, owing to increased demand from various end-use industries, including packaging, healthcare, electronics, and optics. COC has become one of the most sought-after compounds in the healthcare and packaging industries due to its exceptional chemical resistance and optical transparency, driving the COC market. Government laws relating to the use of conventional plastic resins for packaging are becoming more stringent worldwide, resulting in greater adoption of sustainable alternatives such as cyclic olefin resins, which is propelling the sector forward. As a result, the worldwide cyclic olefin copolymers industry is expected to be driven by growth in the packaging sector throughout the forecast period. Bans on the use of conventional plastic in many countries and increased government investment in the research and development of plastic alternatives have aided market growth for cyclic olefin copolymers. Due to their significant advantages in medical designs, the rapidly rising use of cyclic olefin copolymers in the medical technology sector is predicted to boost COC market growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of cyclic olefin copolymers. The growth and trends of cyclic olefin copolymers industry provide a holistic approach to this study.
This section of the cyclic olefin copolymers market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Cyclic Olefin Copolymers market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the cyclic olefin copolymers market include TOPAS Advanced Polymers GmbH, ZEON CORPORATION, Mitsui Chemicals, Inc., JSR Corporation, Polyplastics Co., Ltd., Polysciences, Inc. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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