San Francisco, California (PRWEB) May 28, 2014
The global market for copolyester elastomers (COPEs) 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.
The report “Copolyester Elastomers (COPEs) Market Analysis By Application (Automotive, Electrical, Industrial, Medical) And Segment Forecasts To 2020,” is available now to Grand View Research customers at http://www.grandviewresearch.com/industry-analysis/copolyester-elastomers-copes-industry.
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Further key findings from the study suggest:
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For the purpose of this study, Grand View Research has segmented the COPEs market on the basis of application and region:
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About Grand View Research
Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, 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 energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights. For more information, visit http://www.grandviewresearch.com/.
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