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Copolyester Elastomers (COPEs) Market by Application (Automotive, Electrical, Industrial, Medical) Expected to Reach USD 1,051.5 Million by 2020: Grand View Research, Inc

Market size - $720.6 mn in 2013, market growth - CAGR of 5.7%, market trends – increasing market penetration in medical industry. View full report with TOC - http://www.grandviewresearch.com/industry-analysis/copolyester-elastomers-copes-industry.

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Grand View Research

Regulatory mandates to reduce overall weight of automobiles in order to improve fuel efficiency is expected to drive COPEs market over the forecast period.

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.

Request free sample of this report @ http://www.grandviewresearch.com/industry-analysis/copolyester-elastomers-copes-industry/request.

Further key findings from the study suggest:

  • The global market for COPEs was 202.4 kilo tons in 2013 and is expected to reach 279.1 kilo tons by 2020, growing at a CAGR of 4.7% 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.
  • 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.
  • Some of the major companies operating in the global COPEs market 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.

Browse all Specialty Polymers Market reports published by Grand View Research @ http://www.grandviewresearch.com/industry/specialty-bio-based-and-water-soluble-polymers.

For the purpose of this study, Grand View Research has segmented the COPEs market on the basis of application and region:

  •      Global Copolyester Elastomers Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
            • Automotive
            • Electrical
            • Industrial
            • Medical
            • Other
  •      Copolyester Elastomers Regional Outlook (Volume, Kilo tons; Revenue, USD Million, 2012 - 2020)
            • North America
            • Europe
            • Asia Pacific
            • RoW

Browse all Grand View Research ongoing reports @ http://www.grandviewresearch.com/ongoing-reports.

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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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