Construction Elastomers Global Market Insights: Growth Drivers, Size & Forecasts to 2029

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What Is the Forecasted Market Growth Rate of the Construction Elastomers Industry?
The market size for construction elastomers has seen robust growth in the past few years. The market is projected to extend from a worth of $6.27 billion in 2024 to value around $6.72 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 7.1%. Factors such as urbanization, energy efficiency, resistance to weather, sustainability in construction, and infrastructure development have contributed to the growth during the historical period.

How Will the Construction Elastomers Market Size Evolve From 2025 to 2029?
The market size of construction elastomers is anticipated to experience significant expansion in the forthcoming years. It is predicted to reach a value of $9.57 billion in 2029, with a compound annual growth rate (CAGR) of 9.3%. Factors contributing to this growth during the forecast period include the increasing demand for resilient and disaster-resistant buildings, energy-efficient green buildings, smart building technologies, renovation of older infrastructure and urban regeneration. Key trends predicted to shape the market during this period include seismic resilience, cool roof systems, self-healing elastomers, 3D printing with customization, and elastomeric roof coatings.

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What Are the Main Growth Drivers in the Construction Elastomers Market Today?
The anticipated surge in the requirement for environmentally friendly structures is projected to significantly influence the growth of the construction elastomer market during the forecast tenure. The key objective of sustainable architecture is to minimize ecological harm by incorporating eco-friendly building techniques, improving energy savings, and embracing green systems. Construction elastomers, known for their environmental friendliness, renewability, and safe usage for both domestic and non-private applications, play a role here. As illustrated in a World Green Building Council's report from 2023, the need for sustainable buildings is noticeably escalating. The poll showed that a considerable 71% of worldwide participants confirmed an augmented demand for eco-conscious buildings. This figure was even higher among European professionals, with 75% expressing a raised interest in construction-linked sustainability projects. Despite the slowest growth in demand in regions such as the Middle East and Africa, 39% of interviewees acknowledged a rising demand. This trend is expected to stimulate a notable need for construction elastomers, thus catalyzing the expansion of the construction elastomer market.

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Which Construction Elastomers Market Segment Is Expected to Lead Through 2029?
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)

Which Market Trends Are Expected to Dominate Construction Elastomers Industry Growth?
A prominent trend in the construction elastomer market is the rising investments in research and development by leading companies to enhance the characteristics of elastomer processing and to innovate new products. The primary goal of significant market players is to satisfy customer needs and solidify their market position through substantial investments in R&D. For instance, Mallard Creek Polymers introduced Rovene 6520, a novel all-acrylic emulsion polymer purposed for high-quality elastomeric roof coatings, in May 2023. This innovative product surpasses industry standards like ASTM D 6083 due to its improved durability and adhesion traits. This development portrays Mallard Creek's continual commitment to offering unique solutions for the elastomeric roof coatings market, with a focus on sustainability and performance.

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Which Companies Hold the Largest Market Share in the Construction Elastomers Sector?
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

Where Is the Construction Elastomers Market Experiencing the Highest Growth?
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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