Global Cyclic Olefin Copolymer Production Is 71058 MT In 2017, Increased From 60883 MT In 2013
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Cyclic olefin copolymer is an amorphous thermoplastic that is finding increased utility as a blending agent in polyolefin packaging films for medical, consumer, and industrial markets. cyclic olefin copolymer offers high transparency, outstanding moisture barrier, high stiffness and strength, and excellent biocompatibility in such applications as medical devices, food and pharmaceutical packaging, optics, and electronics. Among various applications, demand from packaging industry accounts for the largest market share with 31.29% in 2017.
According to the manufacturing process, cyclic olefin copolymer can be divided into COC and COP. TOPAS and Mitsui Chemicals are the manufacturers of COC while Zeon and JSR are the providers of COP.
Global production of cyclic olefin copolymer is 71058 MT in 2017, increased from 60883 MT in 2013. Japan is the largest base of cyclic olefin copolymer globally with the share of 58.03% in 2017, followed by Europe with 41.97% share. Actually, the production of cyclic olefin copolymer is only distributed in the Japan and Europe presently. There are just four producers of cyclic olefin copolymer globally with high industry concentration as well as technology barrier.
When refers to the consumption, North America is the largest one and contributed 28.18% share in the consumption market in 2017. Except Europe and Japan, other regions have to depend on import to meet demand.
Cyclic olefin copolymer applications are still being explored further. Backed with promising demand from downstream industries, as well as manufacturers’ exploring activities, it is estimated that global cyclic olefin copolymer industry will be worthy of 1719.65 million USD in 2024, with the CAGR of 2.23% during the period of 2017 to 2024.