Market Overview:
Construction Elastomers Market was Estimated at USD 5.24 Billion in 2021, and is Projected to Reach 7.23 Billion by 2028, Growing at a CAGR of 4.7%.
Elastomers are polymers, whether synthetic or natural, known for their elastic properties. They form crosslinked structures through chemical bonds, providing advantages of both plastics and rubber. With a high failure/yield strain compared to other materials, elastomers can undergo extensive deformation without permanent damage. When heated above their glass transition temperature, they become amorphous, allowing significant segmental motion within the polymer chains. This flexibility and resilience make elastomers suitable for a wide range of applications, including construction, automotive, medical, and consumer goods industries, where their elastic properties are essential for providing flexibility, durability, and the ability to recover their original shape after deformation.
Top Key Players for Construction Elastomers Market:
- Arkema S.A (France)
- BASF SE (Germany)
- Covestro AG (Germany)
- Dow (US)
- Huntsman Corporation (US)
- Lubrizol Corporation (US)
- Teknor Apex Company (US)
- Tosh Corporation (Japan)
- Kraton Corporation (US)
- China Petroleum and Chemical Corporation (China)
- Mitsubishi Chemical Company (Japan)
- DuPont (US)
- SIBUR (Russia)
- Evonik Industries AG (Germany)
- Dynasol Elastomers (Spain), and Other Major Players
Market Dynamics and Factors:
Elastomers have become increasingly important in the construction sector due to their exceptional properties such as higher abrasion resistance, tear resistance, excessive elongation, impact strength, and precise resilience. These qualities have led to their extensive use in various applications within the building industry, including bitumen modification, roofing membranes, climate-stripping, waterproofing, carpets, wall coverings, window and climate seals, windows and door frames, synthetic grass, street markings, expansion joints, and additives for concrete reinforcement. The utilization of elastomers, particularly TPU and TPE, in construction, offers benefits such as enhanced UV protection, precise mechanical performance, increased structural sturdiness, and improved aesthetics. As a result, the market for construction elastomers has experienced significant growth, driven by the demand for durable materials that can withstand challenging environmental conditions and contribute to the longevity and sustainability of construction projects while providing superior functionality and efficiency.
Vegetable oils and fatty acids are combined with renewable resources to create biobased elastomers. Particularly for the building and construction, electronics, and shoe industries, it provides equivalent-to-higher homes than the standard elastomers. Biobased elastomer manufacture increases biodegradability and reduces the use of non-renewable resources. The commercialization of biobased elastomers and ongoing innovation are expanding business opportunities. Additionally, several manufacturers of synthetic rubber or elastomers have turned their emphasis to developing environmentally friendly and sustainable products.
The Report Will Include A Major Chapter
- Patent Analysis
- Regulatory Framework
- Technology Roadmap
- BCG Matrix
- Heat Map Analysis
- Price Trend Analysis
- Investment Analysis
Key Industry Development:
- In May 2023, Specialty materials leader Arkema forged a partnership with Habitat for Humanity Philadelphia, showcasing its commitment to community development. The collaboration, sponsored at the Community Builder level, spanned three years and encompassed a substantial contribution of $330,000 in funding from Arkema.
- In May 2023, BASF Personal Care recently announced further growth of its digital subscription service, D'lite, through an exciting new collaboration. The renowned BEAUTYSTREAMS, recognized as the premier global beauty industry reference, has joined forces with BASF.
Construction Elastomers Market Report Highlight:
- By Type, the saturated elastomer is the dominating segment in the construction elastomer market. Polyacrylic rubber, silicone rubber, polyether block amides, and ethylene-vinyl acetate are examples of saturated elastomers. Greater stability against ozone, heat, oxygen, and radiation is present in saturated elastomers.
- By Application, Residential Buildings is the dominating segment in the construction elastomers market. Outstanding elastomer characteristics like weather ability, impact resistance, elasticity, softness and lightness, heat resistance, thermal stability, and adhesive capabilities are what is driving the increase in demand for elastomers in residential applications.
- The Asia Pacific region is expected to have the highest share of the Construction Elastomers market over the projected period. The rapid urbanization and industrialization in countries like China, India, and Southeast Asian nations have led to a surge in construction activities. This increased construction demand creates a substantial market for construction elastomers. Also, the growing focus on infrastructure development, including residential, commercial, and public infrastructure projects, further drives the demand for construction elastomers in the region. Investments in transportation networks, energy infrastructure, and smart cities contribute to the market's growth.
Central to our report are the company profiles and competitive analysis, providing insights into market players' overview, market role, and operating business segments. We evaluate their financial performance, production volume, sales volume, and sales margin, while highlighting recent market developments. Our market research offers invaluable intelligence and strategic insights to drive informed decision-making. By capitalizing on emerging opportunities and understanding the competitive landscape, our report empowers businesses to thrive in the Global Construction Elastomers Market.
Construction Elastomers Market Segmentation:
By Type
- Saturated
- Unsaturated
Application
- Residential Buildings
- Commercial Buildings
For this report, Introspective Market Research has segmented the Construction Elastomers Market based on region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2023-2030)
North America
- US
- Canada
- Mexico
Eastern Europe
- Bulgaria
- The Czech Republic
- Hungary
- Poland
- Romania
- Rest of Eastern Europe
Western Europe
- Germany
- UK
- France
- Netherlands
- Italy
- Russia
- Spain
- Rest of Western Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Malaysia
- Thailand
- Vietnam
- The Philippines
- Australia
- New Zealand
- Rest of APAC
Middle East & Africa
- Turkey
- Bahrain
- Kuwait
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
South America
- Brazil
- Argentina
- Rest of SA
