The Construction Elastomers Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Construction Elastomers Global Market Report 2024, 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 will grow to $8.89 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%. The growth in 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 trends in the forecast period include seismic resilience, cool roof systems, self-healing elastomers, 3d printing and customization, elastomeric roof coatings.
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 industry’s environmental impact by implementing sustainable development methods, increasing energy efficiency, 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 in 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.
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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 (Iir), Other Chemistry
3) By Application: Residential, Non-Residential, Civil Engineering
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.
The construction elastomers market report table of contents includes:
1. Executive Summary
2. Construction Elastomers Market Characteristics
3. Construction Elastomers Market Trends And Strategies
4. Construction Elastomers Market – Macro Economic Scenario
5. Global Construction Elastomers Market Size and Growth
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26. South America Construction Elastomers Market
27. Brazil Construction Elastomers Market
28. Middle East Construction Elastomers Market
29. Africa Construction Elastomers Market
30. Construction Elastomers Market Competitive Landscape And Company Profiles
Top Major Players:
- Dow Chemical Company
- Arkema SA
- BASF SE
- Covestro AG
- Huntsman Corporation
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