Global Cyclic Olefin Copolymers Market, By Grade (Resin and Film), and End User Industry (Packaging, Healthcare, Diagnostics, Optics, Electronics, and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Cyclic Olefin Copolymers Market
Data Bridge Market Research analyses that the cyclic olefin copolymers market will witness a CAGR of 5.20% for the forecast period of 2021-2028. Growth in the demand for cyclic olefin copolymers especially in the developing economies like India and China, growing use of cyclic olefin copolymers for a wide range of end user applications such as packaging, healthcare, diagnostics, optics, electronics, and others, increasing investment by the government for research and development activities on alternatives of plastic and surge in industrialization especially in the developing countries are the major factors attributable to the growth of the cyclic olefin copolymers market. Therefore, the cyclic olefin copolymers market value, which was USD 725 million in 2020, would stand tall by USD 1087.58 million by 2028.
Cyclic olefin copolymers are high-temperature polymers with a unique mix of properties which are used as alternatives to conventional flexible materials such as PVC, polyamide, polyethylene terephthalate (PET), and polyacrylonitriles. Cyclic olefin copolymers are used for a wide range of industrial applications owing to their exceptional optical properties, reliable chemical and heat resistance, and superior dimensional stability. Cyclic olefin copolymers are better disposable alternative and provide greater sustainability at lower costs.
Rise in demand for cyclic olefin copolymers by the electrical and electronics industry in developed and developing economies is the root cause fuelling up the market growth rate. Rising application areas for cyclic olefin copolymers such as in the pharmaceutical packaging and growth and expansion of various end user industries especially in the developing economies will also directly and positively impact the growth rate of the market. Stringent regulations on the application of plastic, emergence of the cyclic olefin copolymers as microfluidic materials, growing focus on the technological advancements and modernization in the production techniques will further carve the way for the growth of the market.
However, insufficiency in raw material demand and supply owing to the lockdown and volatility in their prices will pose a major challenge to the growth of the market. High costs associated with research and development proficiencies and strict global trade restrictions will dampen the market growth rate. Growing penetration of alternatives in the market will also impede the market growth rate.
This cyclic olefin copolymers market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on cyclic olefin copolymers market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Cyclic Olefin Copolymers Market Scope and Market Size
The cyclic olefin copolymers market is segmented on the basis of grade and end user industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of grade, the cyclic olefin copolymers market is segmented into resin and film.
The cyclic olefin copolymers market is also segmented on the basis of end user industry into packaging, healthcare, diagnostics, optics, electronics, and others.
Cyclic Olefin Copolymers Market Country Level Analysis
The cyclic olefin copolymers market is segmented on the basis of grade and end user industry.
The countries covered in the cyclic olefin copolymers market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the cyclic olefin copolymers market owing to the increase in the research and development activities and increase in the demand from numerous end-user industries in this region. Asia-Pacific will continue to undergo substantial gains during the forecast period owing to the high economic growth in the emerging countries, growing industrialization, and abundant availability of raw materials.
The country section of the cyclic olefin copolymers market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Cyclic Olefin Copolymers Market Share Analysis
The cyclic olefin copolymers market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to cyclic olefin copolymers market.
The major players covered in the cyclic olefin copolymers market report are TOPAS Advanced Polymers/Polyplastics, ZEON CORPORATION., Mitsui Chemicals, Inc., Asahi Kasei Corporation, Sumitomo Chemical Co., Ltd., Shin-Etsu Chemical Co., Ltd., SHOWA DENKO K.K., Polyplastics Co., Ltd., JSR Corporation., Dow, DuPont., LyondellBasell Industries Holdings B.V., Polysciences, Inc., Ravago, VELOX GmbH, Goodfellow, Dalian Great Fortune Chemical Co., Ltd. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.