The Copolyester Elastomer market was valued at xxx million USD with a CAGR xx% from 2015-2019. Subsequently, it will touch xxx million USD in 2020 with a CAGR xx % from 2020 to 2025.
Copolyester elastomer is a synthetic rubber consisting of hard polyester crystallites dispersed in a flexible matrix. Copolyester elastomers are thermoplastic. They are used in a variety of applications such as tires and automotive parts. They provide resistance to heat, fuel, oil and chemicals. They are block copolymers in nature. They have physical and chemical properties similar to vulcanized rubbers. Other applications include hose and tubing, cable and wire among others. These elastomers do not require compounding thus eliminating the addition of reinforcing agents or cure systems.
Thermoplastic polyester elastomer is a physical mix of polymers which consist of materials which possess both thermoelastic and elastomeric properties. Copolyester elastomers help in increasing the fuel efficiency by reducing the overall weight of the automobiles. Thus, growing demand for fuel efficient automobiles is expected to drive the demand for these elastomers within the forecast period. These elastomers have excellent tensile strength, abrasion resistance and electrical properties. In addition, they have resistance to chemicals and oil. This increases their utility in various industries. Additionally, shift towards replacing polyvinyl chloride (PVC) with copolyester and other elastomers are expected to drive the copolyester market. However, fluctuation in the raw material prices is expected to hamper the demand for copolyester elastomer within the forecast period. Ongoing research and development on copolyester elastomers for medical applications is expected to open avenues for these elastomers.
In the global Copolyester Elastomer market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the market on the basis of application, type, regions, and manufactures.
In global market, the following companies are covered:
BASF
Bayer
Dow Chemicals
Kraton Polymers
Polyone
Market Segment by Product Type:
Industrial-Grade
Pharmaceutical-Grade
Market Segment by Application:
Industry
Automotive
Others
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Copolyester Elastomer market for the forecast period 2020 - 2025?
• What are the driving forces in the Copolyester Elastomer market for the forecast period 2020 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Copolyester Elastomer industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?