Copolyester Elastomer Market Market foreseen to grow exponentially by 2021

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.

Arnitel, a copolyester elastomer produced by DSM combines the performance characteristics of elastomers with the processing features of thermoplastics. These materials combine elastomeric properties at low temperature with exceptional fatigue behavior. Compared to other elastomers, copolyester elastomers offer consistent performance over the entire operating temperature range. Arnitel helps in protecting rail road ties. In addition, Hytrel TPC-ET, a versatile copolyester manufactured by E. I. du Pont de Nemours and Company (DuPont) gives chemical resistance with strength and durability. In addition, DuPont Hytrel RS contains renewably sourced material from non-food biomass.

Request Report For TOC @ https://www.persistencemarketresearch.com/toc/6670

In terms of demand, North America dominated the copolyester elastomer market in the past. Growing automotive applications had been one of the major factors driving the demand for copolyester elastomer. The U.S. and Canada were the major contributors in this region. The demand for these materials in North America was followed by Europe. Germany and the UK were the leading countries in the copolyester elastomer market owing to the huge demand from the automotive industry. Asia Pacific is expected to be the fastest growing market within the forecast period owing to the rising demand for fuel efficient and light weight automobiles in emerging economies such as China and India. Japan may show a sluggish growth in the copolyester elastomers market in near future. The Rest of the World market is likely to exhibit substantial growth over the next few years. Increasing disposable income in the Middle East and North Africa is likely to offer potential growth for the market.

Some of the key players in the copolyester elastomers market are BASF, Bayer, Dow Chemicals, Kraton Polymers LLC and Polyone Corporation among others. Developed regions such as Europe, the U.S. and Japan account for a substantial chunk of these elastomers. However, these are mature markets and thus the demand for these elastomers is expected to remain steady in near future. Numerous automobile manufacturers are collaborating with these local elastomers manufactures by means of mergers, acquisitions and joint ventures to make their position felt in the global market.

Request to Sample of Report @ https://www.persistencemarketresearch.com/samples/6670

About Us

Persistence Market Research (PMR) is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.

PMR stands committed to bringing more accuracy and speed to clients’ business decisions. From ready-to-purchase market research reports to customized research solutions, PMR’s engagement models are highly flexible without compromising on its deep-seated research values.

Contact

Persistence Market Research Pvt. Ltd

305 Broadway

7th Floor, New York City,

NY 10007, United States,

USA – Canada Toll Free: 800-961-0353

Email: sales@persistencemarketresearch.com

media@persistencemarketresearch.com

Web:www.persistencemarketresearch.com

This release was published on openPR.