Cyclic Olefin Copolymers Market Size By Grade, By End Use Industry, By Geographic Scope And Forecast
Cyclic Olefin Copolymers Market Size And Forecast
The Global Cyclic Olefin Copolymers Market report provides a holistic evaluation of the market for the forecast period. The report comprises various segments as well as an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics involve the drivers, restraints, opportunities, and challenges through which the impact of these factors in the market is outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Global Cyclic Olefin Copolymers Market study provides an outlook on the development of the market in terms of revenue throughout the prognosis period.
Cyclic Olefin Copolymers Market was valued at USD 627 Million in 2019 and is projected to reach USD 884.51 Million by 2027, growing at a CAGR of 4.4% from 2020 to 2027.
What is Cyclic Olefin Copolymers?
Cyclic olefin copolymers are made by copolymerization of norbornene derivatives, by either ROMP or addition polymerization in varying ratios. It is an amorphous polyolefin, so it is transparent. COC possesses performance characteristics such as low density, extremely low water absorption, excellent water vapor barrier properties, high rigidity, strength, and hardness, and very good resistance to acids and alkalis. COC is used as rigid and flexible packaging for food and consumer items. It is also used in push-through packaging as a core layer, either in three-layer coextruded or five-layer laminated film structures.
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Global Cyclic Olefin Copolymers Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
The adoption of cyclic olefin copolymers in the packaging industry is increasing. Cyclic olefin copolymers are generally used in the packaging of electronics, optical, pharmaceuticals, and food. Also, Ban on the use of conventional plastic in many countries and increasing investment by the government in research and development of the alternatives for plastic has helped in the market growth for cyclic olefin copolymers. Thus drives the market significantly during the forecasted period. However, low availability and high cost of cyclic olefin copolymers might hamper the market up to a certain extent.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interests the client. The “Global Cyclic Olefin Copolymers Market” is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.
Global Cyclic Olefin Copolymers Market Competitive Landscape
The “Global Cyclic Olefin Copolymers Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as TOPAS Advanced Polymers GmbH, Mitsui Chemicals, Inc., Zeon Corporation, Polyplastics Co., Ltd., JSR Corporation, Ravago group, Polysciences, Inc., LyondellBasell Industries Holdings B.V., VELOX GmbH, and Goodfellow. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
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Cyclic Olefin Copolymers Market, By Grade
• Films
• Resins
Cyclic Olefin Copolymers Market, By End Use Industry
• Packaging
• Diagnostics
• Healthcare
• Electronics
• Optics
• Others
Cyclic Olefin Copolymers Market, By Geographic Scope
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Rest of Asia Pacific
• Rest of the World
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