The SNS Insider report indicates that the Construction Elastomers Market Size was valued at USD 5.47 billion in 2023, and is expected to reach 8.529 billion by 2031 and grow at a CAGR of 5.7% over the forecast period 2024-2031. The construction elastomers market is witnessing steady growth due to the rising demand for durable, flexible, and weather-resistant materials in the construction industry. Elastomers, which are polymer materials with rubber-like properties, play a crucial role in various construction applications, including roofing membranes, sealants, adhesives, waterproofing coatings, and expansion joints. These elastomeric materials offer excellent elasticity, elongation, and wearability, making them ideal for sealing, bonding, and protecting buildings and infrastructure against harsh environmental conditions, such as UV radiation, moisture, temperature fluctuations, and chemical exposure.

Moreover, the construction elastomers market is witnessing innovation and product development aimed at addressing evolving industry requirements and performance standards. Manufacturers are investing in research and development to develop advanced elastomeric formulations with enhanced durability, flexibility, and compatibility with different substrates. Additionally, there is a growing focus on developing elastomeric materials that offer superior resistance to fire, chemicals, abrasion, and puncture, meeting stringent safety and performance requirements for high-rise buildings, infrastructure projects, and industrial facilities.

In conclusion, the construction elastomers market presents significant opportunities for growth and innovation as the construction industry seeks durable, high-performance materials to meet evolving building codes, sustainability goals, and performance requirements. By leveraging advancements in elastomer chemistry, formulation technology, and sustainability practices, companies in the construction elastomers market can develop innovative products, expand into new markets, and address the evolving needs of customers for reliable, energy-efficient, and environmentally friendly construction materials.

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Some of the Key Players Included are:

l Huntsman Corporation

l S.A

l Chemical Corporation

l Dow

l Teknor Apex Company

l Covestro AG

l Lubrizol Corporation

l Mitsubishi Chemical Company

l BASF SE

l Kraton Corporation

l China Petroleum

l Tosh Corporation

l DuPont

l Other Players

Market Report Scope:

Construction elastomers, synthetic polymers with elastic properties, find extensive use in the construction industry. With rubbery characteristics, elastomers offer tear resistance, abrasion resistance, and high impact strength. Applications include rooftop sheets, window profiles, adhesives, and more. Environmentally friendly elastomers are projected to drive significant market growth, offering tear resistance, great versatility, high elongation, abrasion resistance, and high strength. TPE and TPU elastomers enhance mechanical performance and durability in infrastructure projects. Despite the growth potential, the high cost of materials remains a constraint on market growth.

Market Analysis:

Construction elastomers contribute significantly to the construction sector's growth due to their enhanced durability, weather, and chemical resistance, and versatile applications in rooftop sheets, window profiles, and adhesives. Bio-based elastomers, derived from renewable resources, offer environmentally friendly solutions and expand the market's potential. However, fluctuating raw material and crude oil prices pose challenges, affecting market growth.

Segment Analysis:

Residential applications dominated the construction elastomers market, accounting for approximately 48% market share in 2022. The demand in residential applications is propelled by excellent physical properties, including impact resistance, elasticity, and improved safety.

By Type

l Thermoset

l Thermoplastic

By Chemistry

l Styrene block copolymers (SBC)

l Thermoplastic Polyurethanes (TPU)

l Styrene-butadiene (SBR)

l Ethylene-propylene (EPM/EPDM)      

l Natural Rubber (NR)

l Thermoplastic polyolefin (TPO)

l Butyl Elastomer (IIR)

l Acrylic (ACM) Elastomer

l Thermoplastic vulcanizate (TPV)

l Silicon (Q) Elastomer

l Others

By Application

l Residential

l Non-residential

l Civil Engineering

Regional Development:

In 2022, APAC led in volume and value in the construction elastomers market, followed by North America and Europe. The APAC region is expected to witness the highest growth, driven by the recovery of residential construction in China, India, and Southeast Asian countries. Elastomer manufacturers are investing in APAC to strengthen their market presence. India, a significant market, is poised for growth with the government's focus on the Make in India project.

Key Takeaways:

· The construction elastomers market is set to surpass USD 8.72 billion by 2030, driven by increased demand from the recovering construction sector.

· Bio-based elastomers offer environmentally friendly solutions, supporting customer-focused activities.

· Residential applications dominate the market, benefiting from elastomers' excellent physical properties.

· APAC leads in volume and value, with India playing a crucial role in the market's growth.

Recent Developments:

· In Nov 2023, DuPont opened a new manufacturing site for DuPont™ Kalrez® in Newark, Delaware, meeting growing global customer demand.

· In Aug 2023, Covestro initiated production in its new plant for polyurethane elastomers systems in Shanghai, China.

· In Jan 2023, Teknor Apex introduced Monprene® S3 CP-15170 BLK, an eco-conscious TPE made with 35% sustainable content.

· In June 2021, Huntsman unveiled IROGRAN® A 85 P 4394 HR TPU, a new TPU grade offering significant improvements in durability and production efficiency.

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