COVID-19 Impact on Co-polyester Ether Elastomer Market
- On January 30, 2020, the International Health Regulations Emergency Committee of the World Health Organization (WHO) declared the Coronavirus disease (COVID-19) outbreak a public health emergency of international concern. Originating in China, the virus has spread to at least 214 countries and territories around the world.
- Several governments and private sector businesses are operating at a limited capacity or have ceased operations completely due to recent events surrounding the COVID-19 pandemic
- Manufacture of various consumer goods and other products across the globe came to a halt due to the unavailability of raw materials, shortage of labor, etc. This is expected to hamper the co-polyester ether elastomer market.
Key Drivers and Restraints of Co-polyester Ether Elastomer Market
- Expansion of the chemical industry and rise in focus of key players on R&D are driving the demand for co-polyester ether elastomers. Increase in investments in co-polyester ether elastomers is also a major factor driving the global co-polyester ether elastomer market.
- Rise in demand for co-polyester ether elastomers in the automotive industry is likely to propel the global co-polyester ether elastomer market
- Rise in advancements in the medical field has had a positive impact on the co-polyester ether elastomer market. Besides this, technological advancements and innovations in the pharmaceutical industry such as pharmaceutical packaging have fueled the demand for co-polyester ether elastomers.
- High investments have been witnessed in various end-use industries in the last few years. Improving economic conditions in developing economies are anticipated to boost the global co-polyester ether elastomer market in the near future.
- Rise in emissions of toxic chemicals is expected to hamper the co-polyester ether elastomer market in the near future. Besides this, high cost of co-polyester ether elastomers is likely to hamper the market.
Co-polyester Ether Elastomer: Application Segment
- Based on application, the global co-polyester ether elastomer market can be segmented into automotive, medical & pharmaceutical, architecture, and others
- The automotive segment is projected to gain higher share of the global market during the forecast period. Co-polyester ether elastomers are used in various automotive parts, where there is an increasing need to meet higher temperature requirements. This is projected to boost the global market for co-polyester ether elastomer in the next few years.
- The medical & pharmaceutical segment is also projected to hold key share of the global co-polyester ether elastomer market in the near future. These elastomers offer clarity, toughness, and chemical resistance needed in flexible packaging for medical and pharmaceutical, IV container, and tubing products. This is projected to propel the global co-polyester ether elastomer market during the forecast period.
Asia Pacific to Dominate Co-polyester Ether Elastomer Market
- In terms of region, the co-polyester ether elastomer market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
- The global market has expanded significantly in the past two decades. This trend is estimated to continue during the forecast period. Asia Pacific holds significant share of the global market. Rise in population, growth in the automotive sector, technological advancements, and changes in lifestyle are projected to boost the market in Asia Pacific during the forecast period. Growth in the chemical industry in China and India is likely to create lucrative opportunities in the co-polyester ether elastomer market in the region.
- High demand for co-polyester ether elastomer in automotive and pharmaceutical sectors in Europe is driving the market in the region
- The market for co-polyester ether elastomer in North America is driven by increase in the demand for these elastomers in pharmaceutical applications in the region. The co-polyester ether elastomer market in Latin America and Middle East & Africa is estimated to expand at a significant pace during the forecast period owing to the recent economic growth in these regions.
Key Manufacturers Operating in Co-polyester Ether Elastomer Market
The co-polyester ether elastomer market was consolidated in 2020. Major players have prominent presence in developed and developing countries. Key manufacturers operating in the co-polyester ether elastomer market include:
- Dupont
- Eastman Chemical Company
- Arkema SA
- Evonik Industries
- BASF SE
Co-polyester Ether Elastomer Market: Research Scope
Co-polyester Ether Elastomer Market, by Type
- Extrusion Molding
- Injection Molding
- Blow Molding
Co-polyester Ether Elastomer Market, by Application
- Automotive
- Medical & Pharmaceutical
- Architecture
- Others
Global Co-polyester Ether Elastomer Market, by Region
- North America
- Europe
- Germany
- U.K.
- France
- Italy
- Russia & CIS
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- ASEAN
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Co-polyester Ether Elastomer: Introduction
- Co-polyester ether elastomer is a tough, clear, durable, general purpose grade co-polyester ether
- Co-polyester ether elastomers are generally used in the automotive market. They are also used in packaging and tubing applications where toughness and flex-crack resistance are required.
- Co-polyester ether elastomer can be used in injection molding and cast film or tubing extrusion applications or in any application that demands strength, durability, and puncture resistance in harsh environments
- Co-polyester ether elastomer combines toughness, clarity, and flexibility without the addition of plasticizers
