Chan Ye Xin Xi Wang·2025-11-22 02:45Core Insights - COC/COP, or cyclic olefin copolymer/polymer, is an amorphous transparent polymer material with a cyclic olefin structure, widely used in optics, biomedicine, and packaging [1][2] Industry Overview - COC is produced using multiple monomers, while COP uses a single monomer, with both materials exhibiting excellent moisture resistance, chemical inertness, and temperature resistance [2] - The global COC/COP production capacity is expected to reach approximately 93,000 tons per year by 2024, an increase of 10,000 tons from 2021 [5][10] Market Demand - The global consumption of COC/COP is projected to be around 90,000 tons in 2024, with China being the largest consumer at approximately 30,000 tons, reflecting a year-on-year growth of about 15% [10] - The consumption structure in China indicates that optics will be the largest application field, accounting for 56.7% of total consumption, followed by packaging at 23.3% and medical applications at 13.3% [12] Production Capacity and Technology - The production process for COC/COP is complex, with only a few companies capable of large-scale production, predominantly in Japan, which holds a 95% share of global capacity [13] - Major players include Zeon Corporation, which accounts for 45% of global capacity, and Polyplastics, which holds nearly 40% [13] Domestic Market Dynamics - Historically, China's COC commercial production capacity has been non-existent, relying entirely on imports; however, domestic companies like Acolyte and Tuoxian Technology are making significant advancements in R&D and investment [13][14] - By 2030, China's COC/COP production capacity is expected to exceed 30,000 tons per year, driven by domestic technological advancements and increased investment [13] Future Trends - China's COC/COP consumption is anticipated to grow to 60,000 tons by 2030, with a consumption growth rate of approximately 12% from 2024 to 2030 [14] - The expansion of the optical field, along with the domestic shift in supply chains, is expected to enhance the localization of COC/COP production and improve overall industry competitiveness [14]