The global methylpentene copolymer market was valued at US$ 392,943.9 thousands in 2017, according to Methylpentene Copolymer Market Report, by End-use Industry (Electrical and Electronics, Chemical, Pharmaceuticals, Packaging, Automotive, and Others), and by Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa), published by Coherent Market Insights. The global methylpentene copolymer market is projected to reach US$ 526,419.4 thousands by 2026, exhibiting a CAGR of 3.7% during the forecast period.
Methylpentene copolymer offers properties such as heat resistance, impact resistance, and is lightweight, finding major applications in the automotive industry. Therefore, growth in the automotive industry is projected to fuel demand for methylpentene copolymer. For instance, according to the China Association of Automobile Manufacturers (CAAM) and the Society of Indian Automobile Manufacturers (SIAM), sales of cars in China was valued at 28.03 million and 3 million in India in 2016. The CAAM also estimated growth of automobile sales in China by 5% to 29.4 million units in 2017.
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Key Trends and Analysis of the Methylpentene Copolymer Market:
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Browse 70 market data tables* and 27 figures* on “Methylpentene Copolymer Market” – Global forecast to 2025.
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