Construction Elastomers Global Market Report 2024 by The Business Research Company | Dow Chemical Company, Arkema SA, BASF SE, Covestro AG, Huntsman Corporation, Tosoh Corporation, Evonik Industries AG, Mitsubishi Chemical Company, The Lubrizol Corporatio

The construction elastomers market size has grown strongly in recent years. It will grow from $5.79 billion in 2023 to $6.31 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The growth in the historic period can be attributed to urbanization, energy efficiency, weather resistance, sustainable construction, infrastructure development.

The construction elastomers market size is expected to see strong growth in the next few years. It will grow to $8.89 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to resilient and disaster-resistant buildings, energy-efficient green buildings, smart building technologies, aging infrastructure renovation, urban regeneration. Major trends in the forecast period include seismic resilience, cool roof systems, self-healing elastomers, 3d printing and customization, elastomeric roof coatings.

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Construction Elastomers Market Major Segments
The 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

Key Driver - Surging Demand For Sustainable Buildings Fuels Growth In The Construction Elastomer Market

The increase in the demand for sustainable buildings is expected to serve as a major driver of the construction elastomer market in the forecast period. The goal of sustainable construction is to reduce the industry's environmental impact by implementing sustainable development methods, increasing energy efficiency, and adopting green technologies. Construction elastomers are environmentally benign, renewable, and secure to use for both residential and non-residential purposes. For instance, according to a survey conducted by the Royal Institution of Chartered Surveyors (RICS) and the World Built Environment Forum in 2021, 55% of respondents said demand for buildings considered "green" or "sustainable" had risen. In addition, Europe saw the greatest increase in demand, with 69% of respondents reporting higher demand. Even in the Middle East and Africa, where demand growth was the slowest, 39% of respondents said demand had increased. This will create a significant demand for the construction elastomers and thus will aid the growth of the construction elastomers market.

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Prominent Trend - Increased R&D Investments And Product Advancements Drive Innovation In The Construction Elastomer Market

The increase in investments by key players in the R&D of elastomer processing to improve its properties and the development of new products is a major trend in the construction elastomer market. Major companies operating in the construction elastomers market are focused on investing in research and development to meet customer demand and strengthen their position. For instance, in January 2021, Mallard Creek Polymers, a US-based producer of styrene acrylic emulsion polymers for the elastomeric roof coatings market, launched Rovene 6120, an all-acrylic emulsion polymer for highly durable elastomeric roof coatings adhering to ASTM D 6083. In the same year, MCP acquired third-party confirmation that Rovene 6120 can be prepared to fulfil or surpass ASTM D6083, the Standard Specification for Liquid-Applied Acrylic Coating Employed in Roofing.

Construction Elastomers Market Players
Major companies operating in the construction elastomers market include 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

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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the construction elastomers market in 2023. North America was 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.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Construction Elastomers Market Report Structure
3. Construction Elastomers Market Trends And Strategies
4. Construction Elastomers Market - Macro Economic Scenario
5. Construction Elastomers Market Size And Growth
…..
27. Construction Elastomers Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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