19-Mar-2020 | Facts and Factors
Findings from Facts and Factors report “Cyclic Olefin Polymer (COP) Market By Type (Cyclic Olefin Co-Polymer (COC), and Cyclic Olefin Polymer (COP)), By Application (Packaging, Healthcare, Optics, Fiber Spinning, and Others (Electronics, etc.)): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global Cyclic Olefin Polymer (COP) market in 2019 was approximately USD 1,400.00 Million. The market is expected to grow at a CAGR of around 3.0% and is anticipated to reach around USD 1700.00 Million by 2026.
Cyclic Olefin Polymer (COP) is a chemical ingredient that is precisely utilized in the industrial packaging materials commonly used in the pharmaceutical, healthcare, optical, and electronic industries. Cyclic Olefin Polymer (COP) is a formless polymer made by numerous polymer makers. Major features of COC are heat resistance, cost, and processing parameters. COC container offers excellent breakage resistance as compared to glass. In addition, COC containers are lightweight, easy to transport and have high design flexibility. COCs are employed in pharmaceutical packaging. COC has a successful application in the medical industry. COC is used for manufacturing injection molded plates. Such plates are resistant to sterilization at higher temperatures.
Browse the full “Cyclic Olefin Polymer (COP) Market By Type (Cyclic Olefin Co-Polymer (COC), and Cyclic Olefin Polymer (COP)), By Application (Packaging, Healthcare, Optics, Fiber Spinning, and Others (Electronics, etc.)): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/cyclic-olefin-polymer-cop-market-type-cyclic-olefin-813
Increasing the use of COP in end-use industries such as packaging films, displays, vials, and medical devices is intensifying the demand for COP which is anticipated to drive the COP type segment growth during the forecast period. The growing medical and healthcare industry is anticipated to fuel the COC type segment growth of the cyclic olefin polymer market. There is a major use of COCs in pharmaceutical containers.
COC offers good chemical resistance, alcohol resistance, adsorption rate, and low permeation and migration of medical-grade chemical contents. COCs offer good results in various applications such as blister packs, syringes, and forming webs. All these factors are anticipated to fuel the COC application in the pharmaceutical, medical and healthcare industry. The regulatory changes on the use of Cyclic Olefin Polymer (COP) may hamper the market’s growth. Research and development, innovations activities in the technology of the Cyclic Olefin Polymer (COP) and increased government investment in healthcare and packaging industries are anticipated to open new avenues for the Cyclic Olefin Polymer (COP) market in the near future.
On the basis of type, the global Cyclic Olefin Polymer (COP) market is segmented as Cyclic Olefin Co-Polymer (COC) and Cyclic Olefin Polymer (COP). Among which cyclic olefin co-polymer (COC) segment was accounted for the major revenue share in the global Cyclic Olefin Polymer (COP) market in 2019. Cyclic olefin co-polymer (COC) delivers maximum value to customers. The innovation in the cyclic olefin co-polymer (COC) in recent years is expected to positively impact segment growth. In 2019, the pre-cut strips segment was accounted for more than 60.0% of the global Cyclic Olefin Polymer (COP) industries.
On the basis of application, the global Cyclic Olefin Polymer (COP) market is categorized into healthcare, packaging, fiber spinning, optics, and others (electronics, etc.). Among the aforementioned segment, the packaging segment was accounted for more than35.0% revenue share in 2019. Cyclic Olefin Polymer (COP)is used in pharmaceutical packaging material for making medicinal pouches and blisters which requires strong chemical resistance and low permeation. The growth in the pharmaceutical industry in the past few years has increased the demand for Cyclic Olefin Polymer (COP)in the pharmaceutical packaging sector.
On the basis of region the Cyclic Olefin Polymer (COP)market is segmented into, Asia Pacific, Europe, Middle East & Africa, North America, and Latin America. In 2019, the Asia Pacific region dominates the Cyclic Olefin Polymer (COP)market among all the regions followed by Europe in terms of value.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 1,400.00 Million |
Projected Market Size in 2026 |
USD 1700.00 Million |
CAGR Growth Rate |
3% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
JSR Corporation, Polyplastics (TOPAS) USA, Inc., Zeon Chemicals L.P., Mitsui Chemicals, Inc., The Dow Chemical Company, and SCHOTT AG, and Others |
Key Segment |
By Type, Application, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Some of the key players operating in the market include
JSR Corporation, Polyplastics (TOPAS) USA, Inc., Zeon Chemicals L.P., Mitsui Chemicals, Inc., The Dow Chemical Company, and SCHOTT AG, among others.
This report segments the global Cyclic Olefin Polymer (COP)market as follows:
By Type Analysis
By Application Analysis
By Regional Analysis
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