The global copolyester elastomers (COPEs) market is expected to reach USD 1,051.5 million by 2020,
according to a new study by Grand View Research, Inc. Growing demand from
automobile industry, on account of regulatory mandates to reduce weight of
automobiles, is expected to remain a key driving factor for the market.
Volatility in raw material prices is expected to hinder the market growth over
the forecast period.
Automotive emerged as
the leading application segment and accounted for close to 50% of total market
volume in 2013. Automotive along with being the largest market is also expected
to be the fastest growing market for COPEs, at an estimated CAGR of 4.94% from
2014 to 2020.
Browse full report by Grand View
Research : http://www.grandviewresearch.com/industry-analysis/copolyester-elastomers-copes-industry
Further key findings from the study suggest:
·
The global market for COPEs was 202.4 kilo
tons in 2013 and is expected to reach 279.1 kilo tons by 2020, growing at a
CAGR of 4.7% from 2014 to 2020.
·
North America led the global market for
COPEs and accounted for just over 39% of total market volume in 2013. Asia
Pacific is expected to be the fastest growing market for COPEs at an estimated
CAGR of 5.4% from 2014 to 2020.
·
Consumption of COPEs is concentrated
predominantly in United States, Europe and Japan with China emerging as a major
consumer owing to the growth of domestic automotive industry. North America and
Europe are relatively mature markets for COPEs and are expected to grow at a
sluggish rate over the forecast period.
·
Some of the major companies operating in
the global COPEs market include Bayer Ag, BASF, China Petroleum and Chemical
Corporation, Dow Chemicals, DuPont, Huntsman Corporation, LG Chem Ltd.,
Lubrizol, Mitsubishi Chemical Holdings Corporation, Nippon Polyurethane etc.
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/specialty-bio-based-and-water-soluble-polymers
Grand View Research has
segmented the COPEs market on the basis of application and region:
Global Copolyester Elastomers Application Outlook
(Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
·
Automotive
·
Electrical
·
Industrial
·
Medical
·
Other
Copolyester Elastomers Regional Outlook (Volume, Kilo
tons; Revenue, USD Million, 2012 - 2020)
·
North America
·
Europe
·
Asia Pacific
·
RoW
View press release of this research report by Grand View
Research: http://www.grandviewresearch.com/press-release/global-copolyester-elastomers-market
About Grand View Research
Grand View Research,
Inc. is a U.S. based market research and consulting company, registered in the
State of California and headquartered in San Francisco. The company
provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com
No comments:
Post a Comment