PUBLISHER: Grand View Research | PRODUCT CODE: 1574893
PUBLISHER: Grand View Research | PRODUCT CODE: 1574893
The global multiblock copolymers market size was estimated at USD 264.98 million in 2023 and projected to grow at a CAGR of 12.77% from 2024 to 2030. The proliferation of electric vehicles and owing to the increasing awareness of consumers about global warming & climate change is driving the market growth.
The market is seeing a significant shift towards advanced material applications driven by their exceptional performance attributes. Notably, these copolymers are increasingly utilized in high-tech sectors such as electric vehicles (EVs) and aerospace components. For instance, in EVs, multiblock copolymers are employed in lightweight, high-strength composites that enhance vehicle efficiency and range. In addition, their ability to maintain performance under extreme temperatures and stresses makes them ideal for aerospace parts, contributing to innovations in fuel-efficient and high-performance aircraft. This trend highlights a broader movement towards using advanced materials to meet the rigorous demands of cutting-edge technology applications.
Global Multiblock Copolymers Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global multiblock copolymers market report based on product, application, and region: