Cyclic Olefin Copolymers find applications in healthcare, packaging, optics, diagnostics, and electronics due to their high transparency and moisture barrier properties. Applications in the healthcare industry, including medical technology, are expected to cater tremendous growth prospects on account of increasing health consciousness and rising healthcare expenditure.
Ubiquity of Touch Screen Displays and Technological Advancements
Touch screens have positively impacted the electronic display market by revolutionizing customer experience. The ubiquity of touch screen displays in various industrial machines (control panels) and consumable electronic products such as LCDs, laptops, computers, and smartphones is expected to impact the COC market positively and upsurge the demand of cyclic olefin copolymers.
APAC to Register Strong Growth in the Global COC Market
Growing health awareness and replacement of conventional healthcare facilities and medical machinery with cutting-edge medical technologies, especially in emerging economies such as China, India, Vietnam, and the Philippines are expected to offer lucrative opportunities for market expansion. Asia-Pacific is expected to witness high growth in the global cyclic olefin copolymers market during the forecast period, underpinned by the extensive use of COC in the region’s high-growth healthcare, diagnostic, and electronics industries. Europe’s flourishing electrical and electronics industries are also expected to create opportunities for the COC market in the region.
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Players & Developments
The global cyclic olefin copolymer market comprises many local players along with few international players and is mostly dominated by Asian companies due to the significant demand for cyclic olefin copolymers from countries such as China and India. Most COC dealing companies are based in Japan and Europe and have a global presence. Companies operating in the market are adopting several strategies including partnerships and market expansion through subsidiary formation in order to strengthen their position in the global market.
COC’s Desirable Properties to Drive Applications in Packaging
Cyclic olefin copolymers have been proven sustainable and environmentally safe, particularly for blister packaging with improved barrier properties. The combination of the highest possible transparency, protection against moisture, and thermoformability enable the use of COC in pharmaceutical blister and personal care packaging. COC is found to increase stiffness, allowing downgauging of films, when blended with polyolefins.
Cyclic Copolymer Market Segmentation
By End-Use Industry
By Processing Technique
" Crucial Insights The Report Provides:"
* Known and Unknown Adjacencies Influencing the Growth of Market
* Explorable Revenue Sources
* Customer Behaviour Analysis
* Target Partners
* Customized Geographical Data Based on Customers as well as Competitors
* Analysis of Market Size and CAGR between the Forecast PeriodsView Full Report Buy This Report Now