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Global Cyclic Olefin Copolymers Market it is expected to Reach More than US$ 1074 Mn by 2027

Cyclic olefin polymers are the high-temperature polymers with good chemical and heat resistance, outstanding optical properties and excellent dimensional stability. Cyclic olefin copolymer is the material made from, two or cyclic monomer. These plastic materials have a number of exceptional properties such as lightweight, break-resistant, temperature resistant, and have excellent barrier properties and are used in a wide range of markets and applications including packaging, electronics, healthcare, diagnostics, and among others.

The demand for the Cyclic Olefin Copolymers for the packaging market is propelling due to increasing use in the manufacturing of packaging solutions such as vials, bottles, syringes, packaging films, lenses, medical devices, and among others. The primary driving factor for the growth of cyclic olefin copolymers for the packaging market is the increasing demand from the healthcare industry, electronics, pharmaceuticals, optical, and among other sectors.

Global Cyclic Olefin Copolymers Market was Valued at US$ xx Mn in 2018 and it is Expected to Reach More than US$ 1074 Mn by 2027, Likely to Grow with the CAGR of 3.8% During the Forecast Period.”

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The packaging segment was the largest segment, accounted for over one-third revenue share of the global cyclic olefin copolymers market, in 2018 and this trend is expected to continue over the forecast period. The packaging industry is likely to remain the most lucrative end-use industry for cyclic olefin copolymers market in the future. In 2018 around 20-kilo tons of cyclic olefin copolymers were consumed by the packaging industry which was valued at over US$205 Mn. The demand for packaging material with superior chemical performance will only grow in the upcoming years, which is expected to reflect on the rapid growth in the consumption of cyclic olefin copolymers in the packaging industry.

Europe is another prominent region in terms of the production and consumption of cyclic olefin copolymers and is anticipated to hold above 35% market share in the global Cyclic Olefin Copolymers market in terms of revenue and is expected to grow at considerable CAGR over the forecast period.

The Asia Pacific accounted for over xx % of global revenue share in 2018 and is expected to be the fastest-growing region during the forecast period. ZEON CORPORATION is the largest manufacturer of cyclic olefin copolymers, which is based in the Asia-Pacific region. Japan leads in terms of production and consumption of cyclic olefin it is the largest base of cyclic olefin copolymer globally with a share of around 48 % in 2018 copolymers in the Asia-Pacific. The demand for cyclic olefin copolymers is high in the Asia-Pacific, primarily owing to factors such as a high population.

Some of the key players in the global Cyclic Olefin Copolymers market are Owens Illinois Inc., Polyplastics USA, Inc., The Dow Chemical Company, Stack Plastics, TOPAS Advanced Polymers GmbH, ZEON CORPORATION, Mitsui Chemicals, Inc. and JSR Corporation.

Impact of COVID-19 on Economy, Industry and Company 

The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.

At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.

Areas at which Bizizz Market Research would help decision makers are:

a) Insights on current demand & supply gap analysis

b) Impact on value chain and supply chain and strategies adopted to off set its impact           

c) Impact on Industry / company revenue and predictive intelligence on forecast sales

d) In-depth analysis on market segmentation – both value and volume analysis

e) Market assessment, regional and country attractiveness, competitive benchmarking                         
    and entry strategy

f) Prioritizing strategies and how it would impact company’s short to long-term business

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