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Copolyester Elastomers (COPEs) Market Outlook and Global Foresight to 2020

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.

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.

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.

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.

To Know More About Copolyester Elastomers Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/copolyester-elastomers-copes-industry 

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.

Top players of Copolyester Elastomers (COPEs) Market:

Some of the major companies operating 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.

Market Segmentation of Copolyester Elastomers (COPEs) Market:

The Global Copolyester Elastomers (COPEs) Market segmented on the basis of Application and Region.

By Application:

Automotive
Electrical
Industrial
Medical

By Region:

North America
Europe
Asia Pacific
RoW

Inquire about Copolyester Elastomers Market with Our Experts @ https://www.grandviewresearch.com/inquiry/177/ibb 
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