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Numerous polymer producers produce cyclic olefin copolymer, an amorphous polymer. Compared to common materials like polypropylene and polyethylene, the COC class of polymers is a recent development. Twist films, protective or bubble packaging, shrink labels, and forming films are a few examples of common uses.
Pharmaceutical blister packing is a well-known example of an application that frequently depends on a high percentage of COC in the final product. When referring to a group of thermoplastic polymers with high optical clarity for use in optical and film applications, the names cyclic olefin polymers and cyclic olefin copolymers (COCs) are frequently used.
The Global cyclic olefin copolymer (COC) market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
The demand for cyclic olefin copolymer (COC) as packaging material has increased in a variety of industries, including the chemical and food and beverage industries, due to their superior chemical performance, particularly their resistance to diluted bases, acids, and alcohols.
A practical solution for a range of packaging applications is cyclic olefin copolymers. Due to their remarkable benefits in medical design, cyclic olefin copolymers are being used in the field of medical technology at an exponentially increasing rate. During the anticipated period, all of these variables are anticipated to favorably impact the market for cyclic olefin copolymers.
Cyclic olefin copolymer market expansion has a lot of potential thanks to the development of these materials as microfluidic components with excellent optical transparency, low water absorption, moisture barrier properties, and good chemical resistance. The market for cyclic olefin copolymers is expanding as a result of the expansion of COC films’ use in food, pharmaceutical, and other sectors’ packaging.
The increase in demand for top-notch, inert packaging materials in the pharmaceutical, medical, and food and beverage industries is largely responsible for the region’s growth.
COCs stand out for their superior biocompatibility, low density, high transparency, extremely low water absorption, temperature resistance up to 170°C, negligible water vapour transfer, high stiffness and strength, and ease of production.
Due to these characteristics, COC is used in a wide range of products, including sensors, optics, lenses, lighting, film, blister packaging, and optical data storage.
