Copolyester Thermoplastic Elastomers (COPE) Market - Forecast(2022 - 2027)
Copolyester Thermoplastic Elastomers (COPE) Market Overview 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. Moreover, the increasing demand for copolyester thermoplastic elastomers owing to its abrasion resistance, excellent tear and tensile strength, and flex life properties in ...