Press release
Copolyester Elastomer Market to Raise at a CAGR of 6.2% over by 2023
Copolyester Elastomer Market
The Copolyester Elastomer Market is expected to experience significant growth over the forecast period, with a compound annual growth rate (CAGR) of around 6.2%. Copolyester elastomers are thermoplastic polymers that exist in various forms, such as random copolyesters, and block copolymer structures.
Rigid polyester crystals dispersed in a flexible matrix form a synthetic rubber known as a copolyester elastomer. There are thermoplastic copolyester elastomers. It is found in a variety of products, including tires and auto parts. Provides resistance to heat, fuels, oils and chemicals.
They are essentially block copolymers. In terms of physical and chemical properties, it is similar to vulcanized rubber. Hoses and pipes, cables and wires are other applications. These elastomers do not need to be blended, eliminating the need to add reinforcing agents or curing systems.
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Thermoplastic polyester elastomers are physical blends of polymers composed of materials with both thermoelastic and elastomeric properties. Copolyester elastomers help improve fuel economy by reducing the vehicle's overall weight. Therefore, the increasing demand for fuel efficient vehicles is expected to boost the demand for these elastomers over the forecast period. This elastomer has excellent tensile strength, abrasion resistance and electrical properties. It is also resistant to chemicals and oils.
This increases its usefulness in various industries. The move to replacing polyvinyl chloride (PVC) with copolyesters and other elastomers is also expected to boost the copolyester market. However, fluctuating raw material prices are expected to hamper the demand for copolyester elastomers over the forecast period. It is expected that continued research and development of medical grade copolyester elastomers will lead the way for these elastomers.
Arnitel, a copolyester elastomer manufactured by DSM, combines the performance characteristics of an elastomer with the processing properties of a thermoplastic. This material combines low temperature elastomeric properties with excellent fatigue behavior. Compared to other elastomers, copolyester elastomers offer consistent performance over the entire operating temperature range.
Arnitel protects rail sleepers. Additionally, Hytrel TPC-ET, a versatile copolyester manufactured by EI du Pont de Nemours and Company (DuPont), offers chemical resistance with strength and durability. DuPont Hytrel RS also contains materials derived from renewable, non-edible biomass sources.
On the demand side, North America has historically dominated the market for copolyester elastomers. Increasing automotive applications have been one of the main factors driving demand for copolyester elastomers. The United States and Canada made important contributions in this region. Demand for these materials in North America was followed by Europe. Germany and Great Britain were the leading countries in the market for copolyester elastomers due to high demand from the automotive industry.
Asia-Pacific is expected to be the fastest growing market over the forecast period, driven by growing demand for fuel-efficient and light-weight vehicles in emerging markets like China and India. Japan may see slow growth in the copolyester elastomers market in the near future. The rest of the world markets should see significant growth in the coming years. Rising disposable incomes in the Middle East and North Africa should provide potential growth for the market.
Major players in the copolyester elastomers market include BASF, Bayer, Dow Chemicals, Kraton Polymers LLC and Polyone Corporation. Developed countries such as Europe, the United States and Japan account for a significant portion of these elastomers. However, as these are mature markets, demand for these elastomers is expected to remain stable in the near future.
Numerous automakers are collaborating with these local elastomer manufacturers through mergers, acquisitions and joint ventures to find their place in the global marketplace.
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The main regions assessed in this report are:
• North America
• US
• Europe
• France, Germany, Italy, Spain, Great Britain
• Eastern Europe
• APAC
• Japan
• Australia
• American Latina
• Argentina
• Brazil
• Others
Main features of this report
• Drivers, restraints and challenges shaping the dynamics of the Copolyester Elastomers market
• Latest innovations and major events in the industry
• Analysis of the trading strategies of top players.
• Copolyester Elastomers Market Estimates and Forecasts (2015-2021)
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