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.
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.
Request Sample
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=28334
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.
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.
More Trending Reports
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.
Request Covid19 analysis on this
market
https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&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.
Buy Now
https://www.transparencymarketresearch.com/checkout.php?rep_id=28334<ype=S
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.
About
Us
Transparency
Market Research is a global market intelligence company, providing global
business information reports and services. Our exclusive blend of quantitative
forecasting and trends analysis provides forward-looking insight for thousands
of decision makers. Our experienced team of Analysts, Researchers, and
Consultants, use proprietary data sources and various tools and techniques to
gather, and analyze information.
Our data
repository is continuously updated and revised by a team of research experts,
so that it always reflects the latest trends and information. With a broad
research and analysis capability, Transparency Market Research employs rigorous
primary and secondary research techniques in developing distinctive data sets
and research material for business reports.
Contact
90 State
Street, Suite 700
Albany, NY
12207
Tel:
+1-518-618-1030
USA -
Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com/
Comments
Post a Comment