2-Nonbornene Market Size, Share & Industry Analysis, By Grade (Pharmaceutical Grade, Industrial Grade), By Application (Pharmaceutical, Agricultural Compounds, Special Spice, Cyclic Olefin Copolymer (COC), Others) and Regional Forecast, 2024-2032
KEY INDUSTRY INSIGHTS
2-Norbornene is a bridged cyclic hydrocarbon. It is a white solid with a pungent sour odor. The molecule consists of a cyclohexene ring with a methylene bridge between carbons 1 and 4. The molecule carries a double bond which induces significant ring strain and significant reactivity. It is made by two readily available hydrocarbons such as Diels-Alder reaction of cyclopentadiene and ethylene.
Increased application in medical industry drives the market .For its resistance to sterilization at higher temperatures, COC injection molded plates have seen very effective applications in the medical industry. In past few years 2-nonbornene is proving excellence in thr medical applications. However, the market have very few producers as thus results into high capital costs, time consuming and expensive process of the product specification for the final usage.
Key Market Driver -
Increased application in medical industry drives the market.
Key Market Restraint -
Less production is restraining the market growth.
Market Segmentation:
Based on grade, the market for global 2-nonbornene is segmented pharmaceutical grade and industrial grade .On the basis of application, the market is classified into pharmaceutical, agricultural compounds, special spice , cyclic olefin copolymer (COC) and Others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Key Players Covered:
The global 2-nonbornene market with very few number of players operating in the global markets. Some of the key players in the Global 2-nonbornene market includes Caledonian Cables, LEONI, Henan Moryon Electrical, Polycab, DAILONG CABLE, TOPAS Advanced Polymers, Zeon, Mitsui Chemicals, JSR, Zhongtian Kosen Corporation Limited, Mitsubishi Chemical America, Inc. and other.
Key Insights
- New Advancements in Production Technologies
- Key Trends in the Global 2-nonbornene Market
- New Product Launches, Expansions, Key Players
- Ranking of Key Players in the Market
Regional Analysis:
The global 2-nonbornene market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to enjoy the highest growth rate in the market due to the presence of top manufacturers. COC is generated in a commercial scale at TICONA in Germany, and Japan has approved two 5000 tons / year and 1000 tons / year production plants. This helps Asia Pacific to record high growth in the market. Europe is another prominent region in terms of the production and consumption of 2-nonbornene. Germany is a highly lucrative country in the 2-nonbornene market in Europe. Production capacity expansion and increase in research activities to manufacture 2-nonbornene at low costs are boosting the market in the Europe. The North America, Latin America and the Middle East & Africa is expected to show slow growth in near future due to the negligible players present in this region.
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Segmentation
ATTRIBUTE | DETAILS |
By Grade |
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By Application |
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By Geography |
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Global 2-nonbornene Market Industry Developments
- In 2020, Gelest Inc.,and Bimax announced that they have entered into definitive agreement to get acquired by Mitsubishi Chemical America Inc., the transaction was expected to occur in the mid of 2020.
- On March 27, 2018, Polyplastics USA, Inc., merged with with TOPAS Advanced Polymers Inc., in the U.S. This merger aims to integrate the U.S. business model and brand value of TOPAS COC, which is owned by TOPAS Advanced Polymers Inc., in order to expand its horizons.
- Ongoing
- 2023
- 2019-2022
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