Press release
A Deep Dive into Construction Elastomers Market 2025: Key Drivers, Growth Factors, and Projections 2025-2034
Construction Elastomers Market Size
Anticipated growth in the construction elastomer market is predicted to be driven largely by the surge in demand for eco-friendly buildings during the forecast period. Sustainable construction aims to minimize the negative environmental consequences of building through the adoption of green technology, enhanced energy efficiency, and utilization of sustainable development strategies. Construction elastomers, being environmentally harmless, renewable, and safe for both residential and non-residential use, meet these demands. For example, the World Green Building Council reported in 2023 that the interest in sustainable buildings is noticeably rising. Their research disclosed that 71% of participants worldwide have seen an uptick in the demand for green buildings, with a staggering 75% of professionals in Europe observing an increased focus on sustainability within the construction industry. Even in regions like the Middle East and Africa, which witnessed the smallest rise in demand, 39% of participants reported an escalated demand. This trend is set to trigger a substantial need for construction elastomers, thereby propelling the growth of the construction elastomer market.
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What growth opportunities are expected to drive the construction elastomers market's CAGR through 2034?
The market size of construction elastomers has seen a significant increase lately. It is projected to expand from $6.27 billion in 2024 to $6.82 billion in 2025, with a compound annual growth rate (CAGR) of 8.7%. Factors such as urbanization, energy efficiency, weather resistance, sustainable construction, and infrastructure development have contributed to the growth in the historic period.
The market for construction elastomers is anticipated to significantly expand in the coming years, reaching a size of $9.84 billion in 2029, with a compound annual growth rate (CAGR) of 9.6%. Factors driving growth over the forecast period include the demand for durable and disaster-proof structures, eco-friendly green buildings, advanced smart building technologies, updating of old infrastructure, and urban revitalization. Key trends projected for the forecast period encompass seismic resilience, the adoption of cool roof systems, self-repairing elastomers, 3D printing and customization, along with the use of elastomeric roof coatings.
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What are the emerging trends shaping the future of the construction elastomers market?
The escalating investment in research and development by prominent figures in the construction elastomer market, particularly in the enhancement of elastomer properties and introduction of novel products, marks a prominent trend. Enterprising companies in the construction elastomers industry are concentrating their resources on R&D to cater to customer needs and cement their industry status. For illustration, Mallard Creek Polymers revealed an innovative product, Rovene 6520, which is an advanced all-acrylic emulsion polymer especially for high-performance elastomeric roof coatings, in May 2023. This new addition surpasses industry benchmarks like ASTM D 6083 in terms of durability and adhesion properties. This initiative is representative of Mallard Creek's continuing dedication to delivering inventive solutions for the elastomeric roof coatings market, with an emphasis on sustainability and performance.
Which growth-oriented segments of the construction elastomers market are leading the industry's development?
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, Other Chemistry
3) By Application: Residential, Non-Residential, Civil Engineering
Subsegments:
1) By Thermoset: Polyurethane Elastomers, Epoxy Elastomers, Silicone Elastomers, Polyisoprene Elastomers
2) By Thermoplastic: Thermoplastic Polyurethane (TPU), Styrenic Block Copolymers (SBC), Thermoplastic Vulcanizates (TPV), Thermoplastic Olefins (TPO)
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What regions are leading the charge in the construction elastomers market?
Asia-Pacific was the largest region in the construction elastomers market in 2024. 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.
What companies are at the forefront of innovation in the construction elastomers market?
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, 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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What Is Covered In The Construction Elastomers Global Market Report?
•Market Size Forecast: Examine the construction elastomers market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the construction elastomers market for a structured understanding.
•Key Players Overview: Analyze major players in the construction elastomers market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the construction elastomers market.
•Segment Contributions: Evaluate how different segments drive overall growth in the construction elastomers market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the construction elastomers market.
•Industry Challenges: Identify potential risks and obstacles affecting the construction elastomers market.
•Competitive Landscape: Review strategic developments in the construction elastomers market, including expansions, agreements, and new product launches.
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