According to UnivDatos, The Construction Elastomers Market was valued at approximately USD 5.7 Billion in 2023 and is expected to grow at a robust CAGR of around 5.5% during the forecast period (2024-2032). The key factors, which are motivating owners of the construction elastomers market are the constant growth of the construction industry, the need for high-strength and flexible materials, and the development of new, eco-friendly constructions elastomers. A comprehensive overview of the global construction elastomers market is recently added by UnivDatos to its humongous database. The report has been aggregated by collecting informative data from various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the construction elastomers markets globally. This report offers a detailed analysis of the latest industry developments and trending factors that are influencing market growth. Furthermore, this statistical market research repository examines and estimates the global market at regional and country levels.

This is mainly due to the rise in demand from important application domains along with the advancements in processing technologies. Moreover, elastomers possess great physical properties like high durability, impact resistance, low weight, elasticity, softness, strength, superior optics, enhanced thermal resistance & stability, adhesive properties, and enhanced safety. The growth of Industrial elastomers has increased manifold among major population hubs, owing to their recyclable, eco-friendly, and non-toxic applications. Moreover, as per a poll done by the Royal Institution of Chartered Surveyors (RICS) and the World Built Environment Forum in 2021, 55% of the respondents reported a preference for 'green' or 'sustainable' buildings had surged. In addition, the rising concern of emissions across the globe coupled with rising government initiatives in various economies to adopt eco-friendly products is positively impacting the market growth of the construction elastomers market.

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Global construction elastomers market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

Market Insight, by type

·       Thermoplastic           

·       Thermoset

Based on type, the market is classified into thermoset and thermoplastic. Thermosets do not melt upon heating and are mainly used in sealants, insulation, gaskets, and door seals. While thermoplastic has low-melting-point, they are best suited for applications that use recycled material. Since recycling and sustainability are becoming more widely accepted and mainstream, we see great potential for thermoplastics due to their re-molding ability upon heating.

Market Insight, by application

·       Residential

·       Non-Residential

·       Commercial

Based on Application, the market is divided into Residential, Non-residential, and Commercial. In developing nations, we observe the residential market to possess the highest market share. The residential segment is expected to grow considerably as more sustainable & earthquake-proof residential constructions have commenced across the globe.

Market Insight, by chemistry

·       Styrene Block Copolymers (SBCs)

·       Thermoplastic Polyurethanes (TPU)

·       Styrene Butadiene (SBR)

·       Ethylene Propylene Diene Monomer (EPDM)

·       Acrylic Elastomer (ACM)

·       Butyl Elastomer (IIR)

·       Natural rubber

Based on Chemistry, the market is categorized into Styrene Block Copolymers (SBCs), Thermoplastic Polyurethanes (TPU), Styrene Butadiene (SBR), Ethylene Propylene Diene Monomer (EPDM), Acrylic Elastomer (ACM), Butyl Elastomer (IIR), Natural rubber. SBCs have a great potential in the future due to their inherent characteristics i.e., possessing the strength of thermoplastics & the functional properties of thermosetting rubber. Further, with the increase in construction activities, Styrene Block Copolymers (SBCs) are projected to have significant growth due to their versatile nature.

Global Construction Elastomers Market Geographical Segmentation Includes:

·       North America

Ø United States

Ø Canada

Ø Rest of North America

·       Europe

Ø Germany

Ø France

Ø UK

Ø Italy

Ø Rest of Europe

·       Asia-Pacific

Ø China

Ø India

Ø Japan

Ø Rest of Asia-Pacific

·       Rest of World

For a better understanding of the market adoption of the construction elastomers industry, the market is analyzed based on its worldwide presence in the countries such as North America (US, Canada, Rest of North America); Europe (Germany, France, UK, Italy, and Rest of Europe); Asia-Pacific (China, India, Japan, Rest of Asia-Pacific), and Rest of World. Asia-Pacific is expected to show the highest CAGR growth in the construction elastomers market. The major contributors to the growth of this market are China and India owing to increasing construction activities in the APAC countries.

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The major players targeting the market includes:

•       Arkema S.A

•       Asahi Kasei Corporation

•       BASF SE

•       The Dow Chemical Company

•       Covestro AG

•       Huntsman Corporation

•       Teknor Apex Company

•       Lubrizol Corporation

•       Kraton Corporation

•       DuPont

Competitive Landscape

The degree of competition among prominent companies has been elaborated by analyzing several leading key players operating globally. The specialist team of research analysts’ sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the global construction elastomers market. The major players have been analyzed by using research methodologies for getting insight views on market competition.

Key questions resolved through this analytical market research report include:

·       What are the latest trends, new patterns, and technological advancements in the global construction elastomers market?

·       Which factors are influencing the global construction elastomers market over the forecast period?

·       What are the global challenges, threats, and risks in the global construction elastomers market?

·       Which factors are propelling and restraining the global construction elastomers market?

·       What are the demanding global regions of the global construction elastomers market?

·       What will be the market size in the upcoming years?

·       What are the crucial market acquisition strategies and policies applied by the companies?

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