The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

 

 

The global construction elastomers market has witnessed remarkable growth, surging from $5.32 billion in 2022 to $5.85 billion in 2023, marking a significant compound annual growth rate (CAGR) of 10.0%. The market’s momentum is expected to continue, with projections indicating further expansion to $7.8 billion in 2027, maintaining a robust CAGR of 7.4%.

 

 

Sustainable Buildings Fueling Demand

One of the primary catalysts propelling the construction elastomers market is the increasing demand for sustainable buildings. Sustainable construction aims to minimize the environmental impact of the industry by embracing eco-friendly practices, enhancing energy efficiency, and incorporating green technologies. Construction elastomers, being environmentally friendly and renewable, are gaining prominence in both residential and non-residential applications. A survey by the Royal Institution of Chartered Surveyors (RICS) and the World Built Environment Forum in 2021 revealed a significant rise in demand for “green” or “sustainable” buildings, with 55% of respondents reporting increased demand globally. This trend is particularly pronounced in Europe, where 69% of respondents witnessed a surge in demand, even in regions with slower growth, such as the Middle East and Africa, where 39% reported increased demand.

• Sustainable Construction Boost:
  • Construction elastomers align with sustainable construction goals.
  • Survey shows a global increase in demand for sustainable buildings.
  • Europe leads with a 69% increase in demand.

 

 

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Market Leaders Steering Innovation

Key players in the construction elastomers market play a pivotal role in driving innovation and market growth. Industry giants such as The Dow Chemical Company, BASF SE, and Covestro AG contribute significantly to shaping the market landscape.

• Key Market Players:
  • The Dow Chemical Company
  • Arkema S.A.
  • Covestro AG
  • Industry leaders contributing to innovation and market growth.

 

 

R&D Investments Paving the Way

A notable trend in the construction elastomers market is the increase in investments by key players in the research and development (R&D) of elastomer processing. This strategic focus aims to enhance elastomer properties and develop new products to meet evolving customer demands. In a pioneering move, Mallard Creek Polymers, a US-based producer, introduced Rovene 6120 in January 2020, an all-acrylic emulsion polymer for highly durable elastomeric roof coatings adhering to ASTM D 6083 standards. The company’s investment in R&D resulted in third-party confirmation that Rovene 6120 surpasses ASTM D6083 requirements, showcasing the commitment to quality and innovation.

• R&D Investments:
  • Key players investing in R&D for elastomer processing.
  • Mallard Creek Polymers launches Rovene 6120, meeting ASTM D6083 standards.

 

 

Diverse Market Segmentation

The construction elastomers market is segmented based on type, chemistry, and application, providing a comprehensive understanding of its diverse applications across different sectors.

1. Type:
   • Thermoset
   • Thermoplastic
2. 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. Application:
   • Residential
   • Non-Residential
   • Civil Engineering

 

 

Regional Dynamics: Asia-Pacific at the Forefront

As of 2022, Asia-Pacific emerged as the largest region in the construction elastomers market, highlighting the region’s pivotal role in the market’s growth. The dynamic market conditions and infrastructure developments in Asia-Pacific position it as the leading region, with significant growth potential.

• Regional Landscape:
  • Asia-Pacific: Largest region in the construction elastomers market (2022).
  • Anticipated continued growth in the forecast period.

 

 

 

Read The Full Construction Elastomers Market Report Here:
https://www.thebusinessresearchcompany.com/report/construction-elastomers-global-market-report

 

 

The Construction Elastomers Global Market Report 2023  provides an overview of the construction elastomers market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The construction elastomers market forecast analyzes construction elastomers market size, construction elastomers market share, leading competitor and their market positions.

 

 

 

The Table Of Content For The Construction Elastomers Market Include:

1. Construction Elastomers Market Executive Summary
2. Construction Elastomers Market Segments
3. Construction Elastomers Market Size And Construction Elastomers Market Growth Rate
4. Key Construction Elastomers Market Trends
5. Major Construction Elastomers Market Drivers
……
25. Key Mergers And Acquisitions In The Construction Elastomers Market
26. Top Construction Elastomers Companies
27. Construction Elastomers Market Opportunities And Strategies
28. Construction Elastomers Market, Conclusions And Recommendations
29. Appendix

 

 

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