Industry Background:
Copolyesters are a combination of diacids and diols. They are amorphous in nature and possess high clarity and transparency. Copolyesters are tough and exhibit good impact strength, chemical resistance, and can be sterilized by high-energy radiation. Flexibility and versatility offered by copolyesters enable manufacturers to use them effectively in the design of high-volume, low-cost parts, and critical and more expensive components. Copolyester is majorly utilized in packaging applications, due to their versatility, toughness, and resistance to chemicals. They are also used in the packaging of consumer goods and materials. Copolyester-based PETG (polyethylene terephthalate) is extensively utilized in the clothing industry. PETG is also used to manufacture films, tarpaulin, bottles, canoes, liquid crystal displays, and film insulation for insulating tapes.
This growth is primarily driven by High demand due to diverse applications of copolyesters owing to the various characteristics that they possess, such as flexibility and Rising demand due to medical devices.
Globally, a noticeable market trend is evident Growing demand from the automobile industry, on account of regulatory mandates to reduce the weight of automobiles
. The Chemicals sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Eastman, Royal DSM, Toyobo, Evonik, SK Chemicals, BASF, DowDuPont, Celanese, Bostik, Covestro and Macroocean etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Market Drivers
- High demand due to diverse applications of copolyesters owing to the various characteristics that they possess, such as flexibility
- Rising demand due to medical devices
Market Trend
- Growing demand from the automobile industry, on account of regulatory mandates to reduce the weight of automobiles
- Rising Packaging industry across the globe
Restraints
- The market in these developed economies is about to reach its saturation and the demand for COPEs is expected to grow at a sluggish
Opportunities
Developed countries of Europe along with the U.S. and Japan account for a greater chunk of the global market owing to the growing demand for high-performance materials for under the hood automotive applications.
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Copolyesters Study Sheds Light on
The Copolyesters Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Copolyesters industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Copolyesters industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.