Construction Elastomers Market by Type (Thermoset and Thermoplastic), Chemistry (Styrene block copolymers, SBR, EPDM, IIR, ACM, and Others), Application (Residential, Non-residential, and Civil Engineering): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026396 | Pages: 100 | Industry: Chemicals and Materials | Date: Sep 2022 | Type: Global

The market crossed US$ 5.32 billion mark in 2022 and is expected to hit US$ 7.76 billion by 2030, recording a CAGR of 4.8% during the forecast period.

 

Growing demand from construction industry

The demand for elastomers in the construction industry has been increasing due to their high elongation, tear resistance, abrasion resistance, good resilience, and impact strength. Roofing membranes, bitumen modification, waterproofing, weather-stripping, carpeting, wall coverings, window & weather seals, windows and door frames, windows and door frames, artificial turf, road markings, expansion joints, road markings, and shelter components are the primary applications in the construction industry. Using TPU and TPE elastomers in the building & construction industry offers better UV protection, good mechanical performance, and increases the durability of the construction space with better aesthetics.

 

Within the report, the market is segmented into type, chemistry, application, and geography. By type, the market is further segmented into thermoset and thermoplastic. On the basis of chemistry, the market is bifurcated into styrene block copolymers, SBR, EPDM, IIR, ACM, and others. By application, the market is categorized into residential, non-residential, and civil engineering. Geographically, the market is subsegmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

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Get more information on this report :

Developing market for biobased elastomers

Biobased elastomers are made from renewable resources such as fatty acids and vegetable oils. It offers correspondent-to-better properties than the traditional elastomers, mainly for the electronics, footwear and building & construction industries. The manufacturing of biobased elastomers recovers its biodegradability and reduces the use of non-renewable resources.

Rising adoption in various residential industry is one of the major factors accelerating the market growth.

Rising residential industry in impacting the construction elastomers market. The demand for elastomers is driven by minimum weight, impact resistance, elasticity, softness, flexibility, thermal stability, adhesive properties, and improved construction safety. Moreover, the attention towards sustainable and earthquake proof construction will provide new opportunities for construction elastomers manufacturer.

 

Recent strategic developments in construction elastomers market

The construction elastomers market has undergone several significant developments, and a few of these have been mentioned below:

  • Arkema SA acquired LIP Bygningsartikler AS (Denmark), the Danish leader in tile adhesives, and floor preparation solutions. The acquisition will strengthen Arkema’s strategy to continuously grow its adhesives business in January 2020.

The construction elastomers market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Arkema S.A, BASF SE, Dow, Lumus, Covestro AG,  Huntsman Corporation, Teknor Apex Company are among the prominent players operating in the market.

Target audience for the report:

  • Raw material providers
  • Chemicals and material industry
  • Construction-related associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policy makers
  • Venture capitalists, private equity firms, and start-up companies
  • Road infrastructure manufacturers
  • Building and construction organizations
  • Construction raw material distributors and sales firms
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

  •  Type:
    • Thermoset
    • Thermoplastic

 

  • Chemistry
    • Styrene block copolymers
    • SBR
    • EPDM
    • IIR
    • ACM
    • Others
  • Application:
    • Residential
    • Non-residential
    • Civil Engineering
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
    • Arkema S.A
    • BASF SE
    • Dow
    • Covestro AG
    • Huntsman Corporation
    • Teknor Apex Company

Companies profiled
- Arkema S.A
- BASF SE
- Dow
- Covestro AG
- Huntsman Corporation
- Teknor Apex Company

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