Press release
Construction Elastomers Industry Outlook 2025-2029: Market Set to Cross $9.84 Billion Milestone
Construction Elastomers
How Large Will the Construction Elastomers Market Size By 2025?
The market for construction elastomers has flourished robustly in the past few years. It is projected to expand from a value of $6.27 billion in 2024 to $6.82 billion in 2025, representing a compound annual growth rate (CAGR) of 8.7%. Factors such as urbanization, the need for energy efficiency, resilience to weather conditions, the drive towards sustainable construction, and infrastructure development have influenced the growth in the historic period.
How Big Is the Construction Elastomers Market Size Expected to Grow by 2029?
The market for construction elastomers is projected to experience significant expansion in the upcoming years, reaching a value of $9.84 billion in 2029 with a compound annual growth rate (CAGR) of 9.6%. Factors contributing to this growth during the projection period are the demand for sturdy structures that can withstand disasters, energy-saving green buildings, intelligent building technologies, as well as the renovation of aging infrastructures and urban revamp. The future trends predicted during this period encompass seismic resilience, the advent of cool roof systems, self-restoring elastomers, advancements in 3D printing and customization, along with elastomeric roof varnishes.
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Which Key Market Drivers Powering Construction Elastomers Market Expansion and Growth?
The anticipated surge in the requirement for eco-friendly buildings is predicted to be a crucial propellant for the development of the construction elastomer market in the projected timeframe. The aim of sustainable construction is to diminish the ecological footprint of the industry by employing methods of sustainable development, enhancing energy efficiency, and endorsing green technologies. Construction elastomers, being eco-friendly, replenishable, and safe, are suitable for both residential and non-residential applications. As per a recent survey by the World Green Building Council in 2023, the need for sustainable buildings keeps soaring substantially. The study showed that 71% of respondents globally signified a surge in the demand for green buildings, with an impressive 75% of experts in Europe pointed out a rise in interest for sustainability initiatives in the building industry. Even in regions like the Middle East and Africa, where the ascension in demand was at the lowest, 39% of respondents asserted that demand had risen. This will give rise to a significant demand for the construction elastomers and thus will foster the advancement of the construction elastomer market.
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Which Fast-Growing Trends Are Poised to Disrupt the Construction Elastomers Market?
Key industry players are amplifying their investments in research and development (R&D) of elastomer processing to enhance its properties and innovate new products, and this has emerged as a notable trend in the construction elastomer market. Crucial companies in this market are channeling resources into R&D to fulfill customer needs and cement their market dominance. For instance, Mallard Creek Polymers unveiled Rovene 6520, a high-tech all-acrylic emulsion polymer tailored for efficient elastomeric roof coatings in May 2023. This novel product augments durability and adhesion characteristics, surpassing industry benchmarks such as ASTM D 6083. This move is a testament to Mallard Creek's unwavering dedication to introduce inventive solutions for the elastomeric roof coatings market, with a particular emphasis on sustainability and performance.
What Are the Emerging Segments in the Construction Elastomers Market?
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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Who Are the Global Leaders 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
Which are the Top Profitable Regional Markets for the Construction Elastomers Industry?
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.
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