Industry Insights
Copolyester Elastomers (COPEs) are also called as copolyester
thermoplastic elastomers which offer high elasticity like rubber and can
be easily molded to achieve the properties of thermoplastics. COPEs are
mainly used in application where resistance to heat, chemicals and oils
is required. These copolyester thermoplastic elastomers also possess
properties of vulcanized rubber.
This advantageous factor of COPEs replaces the application of
polymers, metals and rubber in major end-use industries, and is
anticipated to augment the market growth over the forecast period. COPEs
market is anticipated to be driven on account of increasing application
scope in automotives, electrical, industrial and medical sectors.
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Increasing demand for lightweight components in automotive industry
to improve overall efficiency is the key factor which is expected to
drive the market over the next six years. Stringent regulation to reduce
the utilization of hazardous materials is anticipated to boost COPEs
market over the forecast period. In addition, increasing manufacturing
capacity in Europe and North America coupled with increasing demand
across the world is expected to be the key driving factor for COPEs
market over the next six years.
Electrical industry witnessed to be the fastest growing end-use
industry which is anticipated to augment COPEs market over the projected
period. COPEs are used in many industrial applications owing to their
properties including toughness, flexibility and high resistance to
chemicals and heat. Increasing application scope of COPEs in industrial
applications is also expected to boost the market. COPEs are used in
medical and healthcare industry for packaging purpose, and is one of the
key factors driving the market over the next six years.
Application Insights
Automotive sector was the largest application segment for COPEs
market over the last few years on account of increasing demand for
automobiles across the world. Increasing demand for lightweight
automobiles is the key driving factor for COPEs market. Automobile
sector is highly competitive market where product innovation is the key
opportunity to gain competitive advantage over the competitors.
Increasing vehicle efficiency by reducing the overall weight of
automobile is the key factor driving the COPEs market over the forecast
period.
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Growing automobiles sector in emerging nations such as India, China
and Brazil is anticipated to drive COPEs demand over the forecast
period. Electrical application is anticipated to witness considerable
growth over the next six years on account of increasing consumer demand
for advanced electrical equipments. COPEs are also used in flexible
packaging application including medical and pharmaceuticals due its
design flexibility and resistance to heat, chemicals and oils.
Increasing application scope of COPEs in medical sector is also expected
to witness strong growth over the forecast period.
Regional Insights
North America was the dominating COPEs market across the world over
the past few years and trend is expected to continue over the forecast
period. Owing to the large number of automotives manufacturing
industries in North America, the COPEs market is likely to witness
considerable growth over the foreseeable period. Stringent government
regulation to reduce the overall vehicle weight and improve efficiency
is the key factor which is expected to drive the market over the next
six years. Asia pacific witnessed the fastest growth over the last few
years on account of rapid industrialization in emerging countries like
India and China. Europe has been witnessing sluggish growth owing to
market saturation in major end-use industries.
Competitive Insights
Increasing R&D activities to improve the chemical properties of
COPEs is likely to open new opportunities for the market to enter into
tire manufacturing industry over the forecast period. Some noticeable
players in COPEs market include The Dow Chemical Company, BASF SE, Bayer
AG, Huntsman Corporation, China Petro Chemical and Chemical Corporation
and E. I. du Pont de Nemours and Company.
Table of Contents
Chapter 1 Executive Summary
1.1 Copolyester Elastomers - Industry Summary & Critical Success Factors (CSFs)
2.1 Market Segmentation
2.2 Market Size and Growth Prospects
2.3 Copolyester Elastomers Value Chain Analysis
2.4 Copolyester Elastomers Market Dynamics
2.5 Key Opportunities Prioritized
2.6 Industry Analysis - Porter's
2.7 Copolyester elastomers - Company Market Share Analysis
2.8 Copolyester elastomers - PESTEL Analysis
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3.1 Automotive
3.2 Electrical
3.3 Industrial
3.4 Medical
3.5 Other
Chapter 4 Copolyester Elastomers Regional Outlook
4.1 North America
4.2 Europe
4.3 Asia Pacific
4.4 RoW
Chapter 5 Copolyester Elastomers Competitive Landscape
5.1 Bayer
5.2 BASF
5.3 China Petroleum and Chemical Corporation
5.4 The Dow Chemical Company
5.5 DuPont
5.6 Huntsman Corp.
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