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.
http://www.grandviewresearch.com/industry-analysis/copolyester-elastomers-copes-industry
No comments:
Post a Comment