Block Copolymers Market by Type (Styrene, Olefin, Polypropylene, Polyamide, Thermoplastic Polyurethane, Elastomer, and Others), Application (Adhesives & Sealants, Paints & Coatings, Bitumen Modification, Paving and Roofing, Packaging, Thermoplastic Blending, Wires & Cables, Medical Devices, Rubber, and Others), End-user (Construction, Automotive, Footwear, Chemicals, Healthcare, Electricals, and Others), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
The global block copolymers market size was USD XX Mn in 2022 and is likely to reach USD XX Mn by 2031, expanding at a CAGR of XX% during 2023–2031. Rising demand for high-performance and durable materials from various industries are expected to fuel the market .
A block copolymer is formed when the two monomers group together and form blocks. It refers to a polymer, which consists of molecules where a linear arrangement of blocks is present. Whereas, a block is part of a polymer molecule.
A block copolymer is composed of two or more than two different types of polymer chains that are covalently attached to each other. It is widely utilized as thermoplastic elastomers, drug delivery systems, and pressure-sensitive hot-melt adhesives, and recently has been studied for the use in the field of nano-patterning.
It is classified by the number of blocks each molecule contains. A block copolymer, which consists of two distinct blocks, is known as a diblock, with three blocks is known as a triblock, and with more than three blocks is known as a multiblock. Whereas, star-shaped block copolymers form when several linear chains are connected to a central core. Some arrangements are linear where blocks are linked end-to-end at a single junction through one of their ends.
Block polymers are advantageous as compared to other copolymers. It is widely used in the formulation of nanostructure materials, due to their amphiphilic characteristics. A crystalline polymer can be modified through block copolymers without significant reduction of its modulus, melting point, elastic properties, and tensile strength. Furthermore, high porosity and the versatility of morphology control make it suitable for membrane manufacture.
The market report finds that the COVID-19 pandemic affected the block copolymers market. A sharp decline in the demand from the end-use industries impeded the market. This shortfall is due to the lack of timely supply of products, owing to the emergency lockdown and traveling restrictions. Moreover, many manufacturing industries were temporarily shut down during the pandemic, due to labor shortages and a few companies have already announced possible delays in the delivery of products, which disrupted the overall supply chain of the market.
Block Copolymers Market Dynamics
Major Drivers
Increasing usage of block copolymers in various applications, owing to their superior advantages is a major factor driving the market. It has the ability to synthesize in a heterogeneous medium, as it maintains a low viscosity and good heat transfer, even at a high monomer conversion. Furthermore, stringent government regulations to decrease the use of PVC is likely to boost the demand for block copolymers.
Rapid expansion of the automobile industry is another major factor driving the market. Block copolymers are extensively used in the car parts such as seats, doors, airbags, tires, and vehicle wiring, as it replaces thermoset rubber and plastic. Growing requirement for high-performance lightweight materials to replace heavy parts, which is anticipated to fuel the demand for block copolymers in the coming years.
Existing Restraints
The wide availability of sustainable alternatives at low costs hinders the market. Thermoplastic elastomers (TPE) such as TPE-S, TPE-A, TPE-V, and TPE-O find their applications in the production of automotive parts, footwear, and construction materials, due to their excellent flexibility, which limits the use of block copolymers. Furthermore, fluctuations in the price of block copolymers restrain the market at a certain limit.
Emerging Opportunities
Rising research & development activities and increasing technological advancements in production techniques create immense growth opportunities in the market. Growing inclination toward eco-friendly polymers and several restrictions regarding the use of non-biodegradable polymers encouraged manufacturers to invest in research to develop a sustainable solution.
Scope of Block Copolymers Market Report
The market report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Block Copolymers Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2022 |
Historic Data |
2016–2021 |
Forecast Period |
2023–2031 |
Segmentation |
Type (Styrene, Olefin, Polypropylene, Polyamide, Thermoplastic Polyurethane, Elastomer, and Others), Application (Adhesives & Sealants, Paints & Coatings, Bitumen Modification, Paving and Roofing, Packaging, Thermoplastic Blending, Wires & Cables, Medical Devices, Rubber, and Others), and End-user (Construction, Automotive, Footwear, Chemicals, Healthcare, Electricals, and Others) |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast |
Key Players Covered in the Report |
Zeon Corporation; SINOPEC (China Petroleum & Chemical Corporation); LG Chem; Eastman Chemical Company; JSR Corporation; Asahi Kasei Corporation; BASF SE; Dow; Chevron Phillips Chemical Company LLC.; LCY Group; Kraton Performance Polymers; Kumho Petrochemicals Co.; Momentive; DuPont; The Lubrizol Corporation; and Mitsubishi Chemical Corporation |
Market Segment Insights
Based on type, the block copolymers market is segregated into styrene, olefin, polypropylene, polyamide, thermoplastic polyurethane, elastomer, and others. The styrene segment is projected to register a considerable CAGR during the projection period, due to the rising demand from the automotive industry.
Styrene block copolymers are synthetic rubber-like compounds made by polymerizing styrene and butadiene. It has excellent abrasion resistance, chemical resistance, tensile strength, and heat aging stability, which makes it suitable for automotive applications. Therefore, it is often used for door seals and gaskets, due to its toughness.
The thermoplastic polyurethane segment is expected to grow at a significant pace, owing to the growing demand from the footwear industry, as it is widely used in the soles of shoes. Thermoplastic polyurethane is made up of hard and soft blocks in alternate sequences. The enhanced slip and abrasion resistance makes it an ideal material for the footwear industry. Rising demand for weather- and terrain-resistant shoes is likely to boost the segment.
On the basis of application, the market is segmented into adhesives sealants, paints & coatings, bitumen modification, paving and roofing, packaging, thermoplastic blending, wires & cables, medical devices, rubber, and others. The paints & coatings segment is anticipated to expand at a significant pace in the coming years. Polymer coating in paints enhanced durability, wettability, adhesion, wear resistance, and corrosion resistance. Increasing demand for paints or lube oils from automotive body shop repair operations is likely to fuel the market.
The paving and roofing segment is expected to grow at a rapid pace during the assessment period, due to the expansion of the construction industry across the globe. Rising road maintenance projects are likely to fuel the segment. Unhydrogenated block copolymers are added to asphalt to enhance the properties of roads. Styrene-butadiene-styrene (SBS) is a class of polymers, which is commonly used as a bitumen modifier in asphalt to enhance performance in paving and roofing.
Based on end-user, the market is divided into construction, automotive, footwear, chemicals, healthcare, electricals, and others. The automotive segment is projected to hold a large share of the in the coming years, due to the growing use of thermoplastic polyurethane and styrene block copolymers, owing to their anti-aging and scratch-resistant properties. The growth of the segment is attributed to the rising application in car interiors for adding aesthetic values and the growing adoption of luxurious cars.
The electrical segment is anticipated to expand at a high CAGR during the projection period. Block copolymer is used in electrical insulation, due to its high dielectric strength and good mechanical and chemical resistance property. Increasing requirement for electric power transmission and distribution equipment is likely to boost the segment.
In terms of region, the block copolymers market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is anticipated to dominate the global market during the projected period, due to the increasing demand for high-performance materials from the footwear, automotive, and construction industries. Rising construction activities and spending on road maintenance projects are likely to boost the demand for block copolymers. Furthermore, rising industrialization in the region is estimated to create opportunities in the market.
The market in North America is expected to grow at a rapid pace during the projection period, due to the presence of a well-established industrial base. Rising investments in infrastructural development and rapid expansion of the automotive industry fuel the demand for advanced materials, which are likely to propel the market.
2. Assumptions and Acronyms Used
3. Research Methodology
4. Block Copolymers Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Block Copolymers Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Block Copolymers Market - Supply Chain
4.5. Global Block Copolymers Market Forecast
4.5.1. Block Copolymers Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Block Copolymers Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Block Copolymers Market Absolute $ Opportunity
5. Global Block Copolymers Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Block Copolymers Market Size and Volume Forecast by Types
5.3.1. Styrene
5.3.2. Olefin
5.3.3. Polypropylene
5.3.4. Polyamide
5.3.5. Thermoplastic Polyurethane
5.3.6. Elastomer
5.3.7. Others
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Block Copolymers Market Analysis and Forecast by Applications
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Applications
6.2.2. Y-o-Y Growth Projections by Applications
6.3. Block Copolymers Market Size and Volume Forecast by Applications
6.3.1. Adhesives & Sealants
6.3.2. Paints & Coatings
6.3.3. Bitumen Modification
6.3.4. Paving and Roofing
6.3.5. Packaging
6.3.6. Thermoplastic Blending
6.3.7. Wires & Cables
6.4. Absolute $ Opportunity Assessment by Applications
6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Block Copolymers Market Analysis and Forecast by End Users
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by End Users
7.2.2. Y-o-Y Growth Projections by End Users
7.3. Block Copolymers Market Size and Volume Forecast by End Users
7.3.1. Construction
7.3.2. Automotive
7.3.3. Footwear
7.3.4. Chemicals
7.3.5. Healthcare
7.3.6. Electricals
7.3.7. Others
7.4. Absolute $ Opportunity Assessment by End Users
7.5. Market Attractiveness/Growth Potential Analysis by End Users
8. Global Block Copolymers Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Block Copolymers Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Block Copolymers Demand Share Forecast, 2019-2026
9. North America Block Copolymers Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Block Copolymers Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Block Copolymers Market Size and Volume Forecast by Types
9.4.1. Styrene
9.4.2. Olefin
9.4.3. Polypropylene
9.4.4. Polyamide
9.4.5. Thermoplastic Polyurethane
9.4.6. Elastomer
9.4.7. Others
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. North America Block Copolymers Market Size and Volume Forecast by Applications
9.7.1. Adhesives & Sealants
9.7.2. Paints & Coatings
9.7.3. Bitumen Modification
9.7.4. Paving and Roofing
9.7.5. Packaging
9.7.6. Thermoplastic Blending
9.7.7. Wires & Cables
9.8. Basis Point Share (BPS) Analysis by Applications
9.9. Y-o-Y Growth Projections by Applications
9.10. North America Block Copolymers Market Size and Volume Forecast by End Users
9.10.1. Construction
9.10.2. Automotive
9.10.3. Footwear
9.10.4. Chemicals
9.10.5. Healthcare
9.10.6. Electricals
9.10.7. Others
9.11. Basis Point Share (BPS) Analysis by End Users
9.12. Y-o-Y Growth Projections by End Users
9.13. Market Attractiveness/Growth Potential Analysis
9.13.1. By Country
9.13.2. By Product Type
9.13.3. By Application
9.14. North America Block Copolymers Demand Share Forecast, 2019-2026
10. Latin America Block Copolymers Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Block Copolymers Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Block Copolymers Market Size and Volume Forecast by Types
10.4.1. Styrene
10.4.2. Olefin
10.4.3. Polypropylene
10.4.4. Polyamide
10.4.5. Thermoplastic Polyurethane
10.4.6. Elastomer
10.4.7. Others
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Latin America Block Copolymers Market Size and Volume Forecast by Applications
10.7.1. Adhesives & Sealants
10.7.2. Paints & Coatings
10.7.3. Bitumen Modification
10.7.4. Paving and Roofing
10.7.5. Packaging
10.7.6. Thermoplastic Blending
10.7.7. Wires & Cables
10.8. Basis Point Share (BPS) Analysis by Applications
10.9. Y-o-Y Growth Projections by Applications
10.10. Latin America Block Copolymers Market Size and Volume Forecast by End Users
10.10.1. Construction
10.10.2. Automotive
10.10.3. Footwear
10.10.4. Chemicals
10.10.5. Healthcare
10.10.6. Electricals
10.10.7. Others
10.11. Basis Point Share (BPS) Analysis by End Users
10.12. Y-o-Y Growth Projections by End Users
10.13. Market Attractiveness/Growth Potential Analysis
10.13.1. By Country
10.13.2. By Product Type
10.13.3. By Application
10.14. Latin America Block Copolymers Demand Share Forecast, 2019-2026
11. Europe Block Copolymers Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Block Copolymers Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Block Copolymers Market Size and Volume Forecast by Types
11.4.1. Styrene
11.4.2. Olefin
11.4.3. Polypropylene
11.4.4. Polyamide
11.4.5. Thermoplastic Polyurethane
11.4.6. Elastomer
11.4.7. Others
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Europe Block Copolymers Market Size and Volume Forecast by Applications
11.7.1. Adhesives & Sealants
11.7.2. Paints & Coatings
11.7.3. Bitumen Modification
11.7.4. Paving and Roofing
11.7.5. Packaging
11.7.6. Thermoplastic Blending
11.7.7. Wires & Cables
11.8. Basis Point Share (BPS) Analysis by Applications
11.9. Y-o-Y Growth Projections by Applications
11.10. Europe Block Copolymers Market Size and Volume Forecast by End Users
11.10.1. Construction
11.10.2. Automotive
11.10.3. Footwear
11.10.4. Chemicals
11.10.5. Healthcare
11.10.6. Electricals
11.10.7. Others
11.11. Basis Point Share (BPS) Analysis by End Users
11.12. Y-o-Y Growth Projections by End Users
11.13. Market Attractiveness/Growth Potential Analysis
11.13.1. By Country
11.13.2. By Product Type
11.13.3. By Application
11.14. Europe Block Copolymers Demand Share Forecast, 2019-2026
12. Asia Pacific Block Copolymers Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Block Copolymers Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Block Copolymers Market Size and Volume Forecast by Types
12.4.1. Styrene
12.4.2. Olefin
12.4.3. Polypropylene
12.4.4. Polyamide
12.4.5. Thermoplastic Polyurethane
12.4.6. Elastomer
12.4.7. Others
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Asia Pacific Block Copolymers Market Size and Volume Forecast by Applications
12.7.1. Adhesives & Sealants
12.7.2. Paints & Coatings
12.7.3. Bitumen Modification
12.7.4. Paving and Roofing
12.7.5. Packaging
12.7.6. Thermoplastic Blending
12.7.7. Wires & Cables
12.8. Basis Point Share (BPS) Analysis by Applications
12.9. Y-o-Y Growth Projections by Applications
12.10. Asia Pacific Block Copolymers Market Size and Volume Forecast by End Users
12.10.1. Construction
12.10.2. Automotive
12.10.3. Footwear
12.10.4. Chemicals
12.10.5. Healthcare
12.10.6. Electricals
12.10.7. Others
12.11. Basis Point Share (BPS) Analysis by End Users
12.12. Y-o-Y Growth Projections by End Users
12.13. Market Attractiveness/Growth Potential Analysis
12.13.1. By Country
12.13.2. By Product Type
12.13.3. By Application
12.14. Asia Pacific Block Copolymers Demand Share Forecast, 2019-2026
13. Middle East & Africa Block Copolymers Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Middle East & Africa Average Pricing Analysis
13.2. Middle East & Africa Block Copolymers Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Block Copolymers Market Size and Volume Forecast by Types
13.4.1. Styrene
13.4.2. Olefin
13.4.3. Polypropylene
13.4.4. Polyamide
13.4.5. Thermoplastic Polyurethane
13.4.6. Elastomer
13.4.7. Others
13.5. Basis Point Share (BPS) Analysis by Types
13.6. Y-o-Y Growth Projections by Types
13.7. Middle East & Africa Block Copolymers Market Size and Volume Forecast by Applications
13.7.1. Adhesives & Sealants
13.7.2. Paints & Coatings
13.7.3. Bitumen Modification
13.7.4. Paving and Roofing
13.7.5. Packaging
13.7.6. Thermoplastic Blending
13.7.7. Wires & Cables
13.8. Basis Point Share (BPS) Analysis by Applications
13.9. Y-o-Y Growth Projections by Applications
13.10. Middle East & Africa Block Copolymers Market Size and Volume Forecast by End Users
13.10.1. Construction
13.10.2. Automotive
13.10.3. Footwear
13.10.4. Chemicals
13.10.5. Healthcare
13.10.6. Electricals
13.10.7. Others
13.11. Basis Point Share (BPS) Analysis by End Users
13.12. Y-o-Y Growth Projections by End Users
13.13. Market Attractiveness/Growth Potential Analysis
13.13.1. By Country
13.13.2. By Product Type
13.13.3. By Application
13.14. Middle East & Africa Block Copolymers Demand Share Forecast, 2019-2026
14. Competition Landscape
14.1. Global Block Copolymers Market: Market Share Analysis
14.2. Block Copolymers Distributors and Customers
14.3. Block Copolymers Market: Competitive Dashboard
14.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
14.4.1. Zeon Corporation
14.4.2. SINOPEC (China Petroleum & Chemical Corporation)
14.4.3. LG Chem
14.4.4. Eastman Chemical Company
14.4.5. JSR Corporation
14.4.6. Asahi Kasei Corporation
14.4.7. BASF SE
14.4.8. Dow
14.4.9. Chevron Phillips Chemical Company LLC.
14.4.10. LCY Group
14.4.11. Kraton Performance Polymers
14.4.12. Kumho Petrochemicals Co.
14.4.13. Momentive
14.4.14. DuPont
14.4.15. The Lubrizol Corporation
14.4.16. Mitsubishi Chemical Corporation