Construction Elastomers Market Definition And Segments Construction elastomers are synthetic polymers with elastic properties that are used in the building industry. Elastomers are rubbery materials comprised of lengthy chainlike molecules or polymers that can be stretched to vast distances and still return to their original shape.Elastomers combine the benefits of both plastics and rubber resulting in a new form that is used in a variety of construction applications. The strong impact and tear resistance of construction elastomers is utilized for roofing sheets and window profiles, building nsulation, adhesives,gaskets, and door handle seals. The main types of construction elastomers are thermoset and thermoplastic. Thermosets are made of elastomeric materials that do not melt when heated.The main applications of thermoset elastomers in building and construction include adhesives and sealants, thermal insulation,roofing, flooring,piping,bridge structures, cementing, and the repair and rehabilitation of civil structures. The different types of chemistry include styrene block copolymers (SBC), thermoplastic polyurethanes(TPU), styrene-butadiene(SBR), ethylene propylene diene monomer (EPDM), natural rubber, acrylic elastomers (ACM), buty elastomers (IIR), and others and are used in various applications such as residential, non-residential, and civil engineering. 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(lir), Other Chemistry 3)By Application: Residential, Non-Residential, Civil Engineering The construction elastomers market size has grown strongly in recent years. It will grow from $5.79 billion in 2023 to $6.31 billion in 2024 at a compound annual growth rate(CAGR) of 9.0%.The growth in the historic period can be attributed to urbanization, energy efficiency, weather resistance, sustainable construction, infrastructure development. The construction elastomers market size is expected to see strong growth in the next few years. It willgrow to $8.89 billion in 2028 at a compound annual growth rate(CAGR) of 8.9%. The growth n the forecast period can be attributed to resilient and disaster-resistant buildings, energy-efficient green buildings, smart building technologies,aging infrastructure renovation,urban regeneration. Major trendsin the forecast period include seismic resilience, cool roof systems, self-healing elastomers, 3d printing and customization,elastomeric roof coatings. Surging Demand For Sustainable Buildings Fuels Growth In The Construction Elastomer Market The increase in the demand for sustainable buildings is expected to serve as a major driver of the construction elastomer market in the forecast period.The goal of sustainable construction is to reduce the ndustrys environmental impact by implementing sustainable development methods, increasing energy effciency and adopting green technologies. Construction elastomers are environmentally benign,renewable,and secure to use for both residential and non-residential purposes. For instance, according to a survey conducted by the Royal Institution of Chartered Surveyors(RICS) and the World Built Environment Forum in 2021,55% of respondents said demand for buildings considered'green'or'sustainable' had risen. In addition,Europe saw the greatest increase n demand,with 69% of respondents reporting higher demand.Even in the Middle East and Africa, where demand growth was the slowest,39% of respondents said demand had increased. This will create a significant demand for the construction elastomers and thus will aid the growth of the construction elastomers market. Surging Demand For Residential Projects Boosts Growth In The Construction Elastomer Market The rising demand for residential projects is expected to propel the growth of the construction elastomer market going forward.Residential projects refer to a wide range of construction endeavors focused on developing living spaces. Construction elastomers are primarily used in residential projects because they provide an effective way to seal, insulate,and protect varous components of a home, ensuring its structural integrity, comfort,and durability. For instance,in February 2023,according to Fit SmallBusiness, a US-based digital resource for smallbusinesses, For instance, in February 2023, according to Fit Small Business, a US-based digital resource for small businesses, the US homeownership rate ncreased from 65.6 in 2021 to 66 in 2022,accounting for 10% of recent home sales in the same year. Moreover construction of 1,382,000 new homes began in December 2022. Therefore, the rising demand for residential projects is expected to drive the growth of the construction elastomer market going forward. 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, Dow Inc., 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 Etablissements Michelin Shin-Etsu Chemical Co.Ltd., Sumitomo Chemical Co.Ltd.,The Goodyear Tire & Rubber Company, Trinseo LLC Increased R&D Investments And Product Advancements Drive Innovation In The Construction Elastomer Market The increase in investments by key players in the R&D of elastomer processing to improve its properties and the development of new products is a major trend in the construction elastomer market.Major companies operating in the construction elastomers market are focused on investing in research and development to meet customer demand and strengthen their position. For instance, in January 2021,Mallard Creek Polymers, a US-based producer of styrene acrylic emulsion polymers for the elastomeric roof coatings market, launched Rovene 6120,an all-acrylic emulsion polymer for highly durable elastomeric roof coatings adhering to ASTM D 6083.In the same year, MCP acquired third-party confirmation that Rovene 6120 can be prepared to fulfil or surpass ASTM D6083,the Standard Specification for Liquid-Applied Acrylic Coating Employed in Roofing. Innovative Durapearl Elastomer System Meets Surging Demand In The Construction Elastomer Market Major companies operating in the construction elastomer market are focusing on product launches such as DuraPearl Elastomer System to meet the growing demand for construction demands. The DuraPearl Elastomer System represents an advanced polyurea-based spray coating solution that serves a diverse array of industrial applications. For instance, in March 2023 Pearl Polyurethane Systems, a UAE-based chemical manufacturer announced the launch of DuraPearl Elastomer System.It presents multiple benefits in comparison to conventional options, including standard membranes, epoxy and regular polyurethane systems. Pexco Expands Portfolio With Acquisition Of Performance Elastomers Corporation, Boosting Polymer Solutions For Diverse Industries In December 2021, Pexco LLC, a Georgia-based specialty plastics extruder, acquired Performance Elastomers Corporation (PEC) for an undisclosed amount. Through this acquisition, Pexco predicts broadening its silicone and thermoplastic elastomer product lines, as well as widening its abilities to include other high-performance polymer solutions, to provide even more value to their clients in the mobility, recreational vehicle, and truck aftermarkets, as well as expanding into other businesses where these types of specialized products are needed.Performance Elastomers Corporation(PEC) is a US-based company that manufactures construction elastomers. Asia-Pacific was the largest region in the construction elastomers market in 2023. 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. The countries covered in the construction elastomers market report nclude Australia, Brazil,China, France, Germany, India,Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada The construction elastomers market consists of sales of construction elastomers by types of chemistry, including silicone, neoprene, and polybutadiene. Values in this market are factory gate'values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers)or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants or donations in terms of the currency(in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. t does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The construction elastomers market research report is one of a series of new reports from The Business Research Company that provides construction elastomers market statistics, ncluding construction elastomers industry global market size regional shares, competitors with a construction elastomers market share, detailed construction elastomers market segments, market trends and opportunities,and any further data you may need to thrive in the construction elastomers industry. This construction elastomers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. Construction Elastomers Market Report Scope Report Attribute Details Market Size Value In 2024 $6.31 billion Revenue Forecast In 2033 $8.89 billion Growth Rate CAGR of 8.9%from 2024 to 2033 Base Year For Estimation 2023 Actual Estimates/Historical Data 2018-2023 Forecast Period 2024-2028-2033 Market Representation Revenue in USD Billion and CAGR from 2024 to 2033 Segments Covered 1)By Type: Thermoset, Thermoplastic Regional Scope Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa; Country Scope Australia; China; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa Key Companies Profiled 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; Dow Inc.; 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 Etablissements Michelin; Shin-Etsu Chemical Co.Ltd.;Sumitomo Chemical Co.Ltd. ; The Goodyear Tire &Rubber Company; Trinseo LLC Customization Scope Pricing And Purchase Options https://www.thebusinessresearchcompany.com/report/construction-elastomers-global-market-report
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 (lir), Other Chemistry
3)By Application: Residential, Non-Residential, Civi Engineering