Cyclic Olefin Copolymers Market Report and Forecast 2025-2034

The global cyclic olefin copolymers market attained nearly USD 1.75 billion in 2024 and is expected to grow at a CAGR of 32.00% during the forecast period of 2025-2034 to reach USD 28.18 billion by 2034.

The increased government regulations and the ban on conventional plastics for packaging, owing to rising environmental concern, is expected to drive the demand for cyclic olefin copolymers, especially in healthcare and food packaging sector.

Market Segmentation

Cyclic olefin copolymer, a thermoplastic polymer of ethylene and cyclic olefin, belongs to a new polymer class in comparison to substances like polypropylene and polyethylene. It has a unique combination of properties, which makes it flexible for use in diverse fields such as CD-ROM, packaging, medical equipment, optics, capacitors, etc. The global cyclic olefin copolymers industry can be broadly categorised based on segments like grades, end-uses, and regions.

Market Breakup by Grade

• Resin
• Film

Market Breakup by End Use

• Packaging
• Health Care
• Diagnostics
• Optics
• Electronics
• Others

Market Breakup by Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

Market Analysis

The global cyclic olefin copolymers industry is witnessing an increased growth driven by its rising demand from various end-use sectors, including packaging, healthcare, electronics, and optics. It has emerged as one of the most sought-after substances in healthcare and packaging sector owing to its excellent chemical resistance and optical transparency, required in order to replace high-cost PAN-based polymers. The rising government regulations across the globe pertaining to the use of conventional plastic resins for packaging is leading to the increased adoption of sustainable alternatives, such as cyclic olefin resins, which is driving the industry further. Therefore, the growth in the packaging segment is anticipated to drive the global cyclic olefin copolymers industry over the forecast period.

The packaging sector, among other end, uses, will dominate the industry over the forecast period. The Asia-Pacific is expected to be one of the most prominent consumer markets for the product in the future due to rapid industrialisation and urbanisation in the region.

Competitive Landscape

The report presents a detailed analysis of the following key players in the global cyclic olefin copolymers market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• TOPAS Advanced Polymers GmbH
• Zeon Corporation
• Mitsui Chemicals, Inc.
• Polysciences, Inc.
• Merck KGaA
• JSR Corporation
• Polyplastics Co., Ltd.
• Others

The report gives an in-depth insight into the cyclic olefin copolymers market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.