The copolyester elastomer market is expected to grow at a CAGR of xx% during the forecast period. One trend in the market is that industrial-grade copolyester elastomers are expected to be the fastest-growing segment because of their high production volume and wide application range. The global copolyester elastomer market has been witnessing significant growth, owing to large investments by leading manufacturers of these products for capacity expansion and product innovation. This will lead towards increased demand over the next few years.
Copolyester elastomers are synthetic rubbers that form a polymer network from dibasic esters, which are also referred to as polyesters. They possess the properties of thermoplasticity and elasticity. Copolyester Elastomer can be classified into two types: industrial-grade and pharmaceutical-grade copolyester elastomers. Industrial grade copolyester elastomers are mainly used in automotive industries for making fuel hoses, tubes for engine harnesses/cables, etc., whereas pharmaceutical-grade copolyesters are widely adopted by the healthcare industry due to their high degree of biocompatibility with human tissue or body fluids like blood serum, without causing any immune response.
On the basis of type, the global copolyester elastomer market is segmented into industrial-grade and pharmaceutical-grade.
Industrial-grade copolyester elastomers are mainly used in automotive industries for making fuel hoses, tubes for engine harnesses/cables, etc., whereas pharmaceutical-grade copolyesters are widely adopted by the healthcare industry due to their high degree of biocompatibility with human tissue or body fluids like blood serum, without causing any immune response.
Pharmaceutical grade copolyesters are made from polymers that have been modified with monomers such as glycols or diols to enhance properties such as water solubility, metabolic stability, lipophilicity, and hydrophobicity which makes them more suitable for drug delivery.
Pharmaceutical grade copolyesters are widely used in the healthcare industry due to their high degree of biocompatibility with human tissue or body fluids like blood serum, without causing any immune response.
On the basis of application, the global copolyester elastomer market is segmented into industry, automotive applications, and others.
Copolyester elastomer is a type of high-performance polymeric material that offers a wide range of applications in the industry. It has been used extensively for manufacturing plastic materials such as pipes, bottles, and other containers. Copolyesters are also widely used to manufacture electrical insulation and transmission line insulators due to their excellent thermal stability, moisture resistance, and dielectric properties.
The use of copolyester elastomers is also significant in developing the automotive industry with its excellent corrosion resistance, wear-resistant, low creep under load, and high stability at elevated temperatures. Furthermore, it has been used extensively for manufacturing industrial flooring due to its excellent abrasion resistance as well as to make floor tiles as they are resistant to moisture and stains.
On the basis of region, the global copolyester elastomer market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. In 2017, the region that dominated the global copolyester elastomer market was North America by accounting for more than 42% of the total revenue share. The revenues generated from this region are mostly attributed to immense demand in the automotive industry as well as the industry sector.
In 2017, North America led in terms of revenue share and is expected to dominate over the next years. The region has generated a significant amount due to its contribution from the automotive and industrial sectors which are mainly driven by growing demand for car production volumes on one hand and expanding manufacturing industries across the globe on other hand.
The region is anticipated to maintain its dominance in the years ahead on account of such factors as significant growth in car production and strong expansion across industries. The Asia Pacific, on the other hand, has generated a relatively higher revenue share from pharmaceutical applications which accounted for more than 32% in 2017. This segment will witness rapid development over the coming years.
The growth factors for the global copolyester elastomer market are increasing demand in industry, automotive as well as others. The major drivers of this market include rising awareness about health and hygiene among people at large. This is owing to growing concern regarding diseases such as AIDS or HIV that can be prevented by using condoms made from non-latex material like copolyesters. In addition, local governments have been imposing stricter legislation on plastic usage which also fuels up the demand for other materials with a lower environmental impact like copolyesters; all these contribute positively to the development of this segment over time.
In addition, the increasing production capacity coupled with low cost is also some factors that have been driving this market over recent years. However, changing trends in the automobile sector may affect the performance of this market during the forecast period. For instance, rising fuel prices along with stringent environmental guidelines on emission standards might hamper the prospects of car manufacturers which would lead to a reduction in demand for auto parts.
Up Market Research published a new report titled “Copolyester Elastomer Market research report which is segmented by Types (Industrial-Grade, Pharmaceutical-Grade), By Applications (Industry, Automotive, Others), By Players/Companies BASF, Bayer, Dow Chemicals, Kraton Polymers, Polyone”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
|Report Attributes||Report Details|
|Report Title||Copolyester Elastomer Market Research Report|
|By Type||Industrial-Grade, Pharmaceutical-Grade|
|By Application||Industry, Automotive, Others|
|By Companies||BASF, Bayer, Dow Chemicals, Kraton Polymers, Polyone|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||232|
|Number of Tables & Figures||163|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Industrial-Grade, Pharmaceutical-Grade and By Application Industry, Automotive, Others.
Some of the companies that are profiled in this report are:
Copolyester Elastomer Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Copolyester Elastomer Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
How you may use our products:
Reasons to Purchase the Copolyester Elastomer Market Report:
Some other reports from this category!