Copolyester Thermoplastic Elastomers (COPE) Market - Forecast(2022 - 2027)
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• Copolyester Thermoplastic Elastomers (COPE) Market size is forecast to reach $1.5 billion by 2026, after growing at a CAGR 6% during 2021-2026. Globally, copolyester elastomers (COPEs) have emerged as one of the fastest growing thermoplastic elastomer, as it can be easily processed by high-volume injection molding and blow molding processes. The shifting trend towards the adoption and substitution of metals, synthetic rubbers, and polymers that are harmful to the environment has further raised the growth of the market. Additionally, the rising demand for high-performance, light-weight materials such as electric cables, hose and tubing from the automotive sector has driven the demand for copolyester thermoplastic elastomers (COPEs), in the projected period. Contact: (+1) 970-2363677 Email: sales@industryarc.com
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Key Takeaways • Asia-pacific region dominated the copolyester thermoplastic elastomers (COPE) market due to the rising production of automotive and electronics in emerging economies such as China, India, South Korea, and Japan. • Increasing demand for copolyester thermoplastic elastomers (COPE) as a substitute to polyvinyl chloride (PVC) and silicone rubber in the healthcare industry applications is estimated to drive the growth of the market in the projected period. • Furthermore, volatility in raw material prices is estimated to create hurdles for the global copolyester thermoplastic elastomers (COPE) market growth over the forecast period. Contact: (+1) 970-2363677 Email: sales@industryarc.com
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By Distribution Channel- Segment Analysis Hose and tubing held the largest share in the copolyester thermoplastic elastomers (COPE) market in 2020. Copolyester thermoplastic hoses are commonly utilized in medium-to-high pressure hydraulic applications and are prevalent in both mobile and industrial equipment. Several factors such as pressure capability, temperature operating range, abrasion resistance, and the ability to withstand attack from chemicals, solvents, cleaning fluids, saltwater, ozone and UV radiation, are considered while the production of hose and tubing from copolyester thermoplastic elastomers. Contact: (+1) 970-2363677 Email: sales@industryarc.com
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Copolyester Thermoplastic Elastomers (COPE) Market Industry Outlook • • • • • • • • • •
BASF SE Bayer Ag Dow Chemicals China Petroleum and Chemical Corporation DuPont LG Chem Ltd. Huntsman Corporation Mitsubishi Chemical Holdings Corporation Lubrizol Evonik Industries AG
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