Copolyester Elastomers (COPEs) Market is Anticipated to Grow over the Projected Period: Hexa Research
Aug 25, 2016
Increasing demand for lightweight components in automotive industry to improve overall efficiency is the key factor which is expected to drive the "Copolyester Elastomers (COPEs) Market" by 2020.
Felton, United States - August 25, 2016 /MarketersMedia/ —
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. 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.
Related Category Market Report @ https://www.hexaresearch.com/research-report/polyvinyl-alcohol-films-industry
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. 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.
Browse our upcoming market report @ https://www.hexaresearch.com/upcoming-research/spray-polyurethane-foam-industry
About Us:
Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.
For more information, please visit http://www.hexaresearch.com/research-report/copolyester-elastomers-copes-industry/
Contact Info:
Name: Michelle
Organization: Hexa Research
Address: Felton Office Plaza, 6265 Highway 9, Felton, California, 95018, United States
Phone: +1-800-489-3075
Release ID: 129536
More News
Philippines rejects China’s calls for direct contact amid ‘miscalculation’ warnings
The Philippine military has rejected calls to restore direct communication channels with its Chinese counterpart, despite warnings from Beijing that their absence risks “miscalculation” during confrontations and could further escalate tensions in the South China Sea. On Tuesday, the Armed Forces of the Philippines said it would not communicate with its Chinese counterpart in advance of its maritime operations, arguing that such channels were ineffective without mutual respect for international...
What the US PERM Freeze Really Costs India’s IT Industry
The immediate impact of Washington’s decision on green card certification for eight IT employers may be limited, but the freeze adds uncertainty to an immigration system already strained by decades-long queues.
Tajikistan, Turkmenistan to Import Indian Surface-to-Air Missile Systems
Indian Defense Secretary Rajesh Kumar Singh confirmed that Tajikistan and Turkmenistan are newer customers for the indigenous Akash medium-range mobile surface-to-air missile system.
At Least 6 Injured in Stabbing in South Korea
The police in the city of Incheon said they had arrested one man and were investigating his motive.
This Copper Mine Led to a Civil War. Can Reopening It Fund a New Nation?
Rising demand for copper has fueled interest in Bougainville’s Panguna mine, which has been shut for four decades. Yet some fear a rush to reopen risks return to violence.
Huawei, once hobbled by US sanctions, passes 100 million Kirin chip milestone
Huawei Technologies has shipped more than 100 million devices powered by its Kirin processors since 2023, when it returned to the smartphone market with a new generation of premium handsets. The company says testing of its next-generation Kirin 2027 chip is also progressing in line with expectations. The company disclosed the figure on Tuesday as it unveiled new details about its flagship Kirin 9050 series, the first mass-produced chip using its proprietary LogicFolding architecture, developed...
Why Pakistan Tested an Extended Range Version of the Fatah-IV
Pakistan is likely looking to counter the Indian Air Force’s future strategy of launching air-launched missiles from standoff ranges.
Plan to live-stream US execution tests Southeast Asia’s content curbs
The US government’s plan to live-stream the execution of a former Army member convicted in a deadly 2009 mass shooting is raising questions about how effectively Southeast Asian governments can restrict graphic online content. Analysts say while authorities may have powers to restrict access to the live stream, containing clips and altered copies of the killing posted to social media could prove far more difficult. The issue gained fresh urgency on Tuesday, after Australia’s Environment Minister...
Why the TTP Remains the Central Fault Line Between Pakistan and Afghanistan
The costs of confrontation are not confined to the security domain; it’s impacting every facet of the bilateral relationship.
From Data Localization to Digital Openness: Uzbekistan’s Regulatory Shift
Uzbekistan courts tech companies to boost its economy by easing its once infamous data localization law.
South Korea shopping centre stabbing leaves 8 injured
A 59-year-old man stabbed at least eight people on Tuesday at a shopping centre in the South Korean city of Incheon, police and fire officials said. One victim was in life-threatening condition and received surgery at a nearby hospital. The suspect attacked shoppers as he moved through the shopping centre before business owners and bystanders subdued him, according to local police and witnesses. The man has a history of violent offences and mental illness and was required to wear an electronic...
India to gain? Trump’s Russian diesel deal offers New Delhi leverage
US President Donald Trump’s decision to ease sanctions on Russian diesel exports and allow fresh supplies to reach global markets could give India greater leverage in its own dispute with Washington over discounted crude purchases, analysts said. Beyond the energy dispute, they said the move could also open up diplomatic opportunities for New Delhi, from pressing for more consistent treatment by Washington to building on its efforts to help negotiate an end to the Russia-Ukraine war. Under the...
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.