Global Construction Elastomers market report 2024, Forecast To 2033
29 Jan, 2024
The construction elastomers market has witnessed robust growth, progressing from $5.79 billion in 2023 to $6.31 billion in 2024, showcasing a compound annual growth rate (CAGR) of 9.0%. The growth in the historic period is attributed to factors such as urbanization, emphasis on energy efficiency, demand for weather-resistant materials, the drive towards sustainable construction, and infrastructure development. Expecting sustained strong growth in the next few years, the market size is projected to reach $8.89 billion in 2028, with a consistent CAGR of 8.9%. Growth in the forecast period is linked to the development of resilient and disaster-resistant buildings, energy-efficient green buildings, the integration of smart building technologies, the need for aging infrastructure renovation, and urban regeneration. Noteworthy trends include a focus on seismic resilience, the adoption of cool roof systems, advancements in self-healing elastomers, the utilization of 3D printing and customization, and the incorporation of elastomeric roof coatings.
Global Construction Elastomers Market Key Driver
The construction elastomer market is poised for growth due to the rising demand for sustainable buildings. In 2021, 55% of respondents reported increased demand for "green" or "sustainable" buildings, with Europe leading at 69%. The environmentally friendly nature of construction elastomers aligns with the sustainability goals, contributing to the market's growth.
Get A Free Sample Of The Global Construction Elastomers Market ReportGlobal Construction Elastomers Market Segments
The global construction elastomers market covered in this report is segmented –
1) By Type: Thermoset, Thermoplastic
2) By Chemistry: Styrene Block Copolymers (Sbcs), Thermoplastic Polyurethanes (Tpu), Styrene-Butadiene (Sbr), Ethylene Propylene Diene Monomer (Epdm), Natural Rubber, Acrylic Elastomer (Acm), Butyl Elastomer (Iir), Other Chemistry
3) By Application: Residential, Non-Residential, Civil Engineering
By Geography: The regions covered in the Construction Elastomers market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
Asia-Pacificwas the largest region in the construction elastomers market in 2023. North Americawas the second-largest market in the construction elastomers market share. The regions covered in the construction elastomers market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major Construction Elastomers Industry Players
Dow Chemical Company, Arkema SA, BASF SE, Covestro AG, Huntsman Corporation, Tosoh Corporation, Evonik Industries AG, Mitsubishi Chemical Company, The Lubrizol Corporation, PJSC SIBUR Holding, Teknor Apex Company, Dynasol Group, Kraton Corporation, Asahi Kasei Corporation, Exxon Mobil Corporation, Lanxess AG, Dow Inc., Zeon Corporation, JSR Corporation, LG Chem Ltd., Kuraray Co. Ltd., Momentive Performance Materials Inc., Wacker Chemie AG, Bridgestone Corporation, Continental AG, Eastman Chemical Company, Compagnie Générale des Établissements Michelin, Shin-Etsu Chemical Co. Ltd., Sumitomo Chemical Co. Ltd., The Goodyear Tire & Rubber Company, Trinseo LLC
Get The Full Global Construction Elastomers Market Report
Construction Elastomers Market Overview
Construction elastomers are synthetic polymers with elastic properties that are used in the building industry. Elastomers are rubbery materials comprised of lengthy chainlike molecules or polymers that can be stretched to vast distances and still return to their original shape. Elastomers combine the benefits of both plastics and rubber, resulting in a new form that is used in a variety of construction applications. The strong impact and tear resistance of construction elastomers is utilized for roofing sheets and window profiles, building insulation, adhesives, gaskets, and door handle seals.
Construction Elastomers Global Market Report 2023 provides data on the global construction elastomers market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The construction elastomers market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.