Global Construction Elastomers Market – Industry Trends and Forecast to 2029

Construction Elastomers Market Analysis and Size

The construction elastomers market is growing over the forecasted period due to the variety of construction applications provided by the elastomers such as combining features provided by both plastic and rubber. These elastomers have generated huge advantages amongst the industries. Thus, the market is projected to witness substantial growth throughout forecast period.

Global construction elastomers market was valued at USD 5266.80 million in 2021 and is expected to reach USD 8651.27 million by 2029, registering a CAGR of 6.40% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Report Scope and Market Segmentation

Market Definition

Construction elastomers are the synthetic polymers having elastic properties used in the construction industry. Elastomers are the rubbery materials comprised of lengthy chain-like molecules which can be stretched up to vast diameters and still can attain their original shape. The strong impact and tear resistance of the elastomers are utilized for various applications such as rooftop sheets, window profiles, adhesives and others. Considering environmentally benign elastomers and their properties, the construction elastomers are thereby, projected to create a significant growth for the market.

Global Construction Elastomers Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

• Benefits Over Construction Area

The construction elastomers provide a significant growth in the construction sector due to its enhanced durability and chemical and physical characteristics and attributes. The major quality it provides are resistance to weather and chemicals generated in the industries as it comprises the characteristics of both plastic and rubber. The strong impact and tear resistance of the elastomers are utilized for various applications such as rooftop sheets, window profiles, adhesives and others in the construction sectors thereby, increasing the growth of the market.

Opportunities

• Bio-Based Elastomers

Bio-based elastomers are made from renewable resources such as vegetable oils and fatty acids. It provides varied properties than the basic elastomers as they are generated by certain biological processes and bioactive compounds that increases the biodegradability and reduces the use of non-renewable products. The requirement for bio-based elastomers is getting of utmost importance as they support customer-focused activities. These are environment friendly solutions and hence, attain traction across the globe and also enhance the properties of the construction elastomers.

• Applications in Power Generation Sector

Additionally, the applications generated in the elastomers market further offer numerous growth opportunities within the market. Dielectric elastomers (DE) is one of the most promising artificial muscle that is used in generating power by transducing mechanical energy into electrical energy generators which use dielectric elastomers have been found working more efficiently, with higher energy densities and with lower frequencies.

Restraints/Challenges

• Fluctuating raw material and crude oil prices

The fluctuating raw material and crude oil prices are a major restrain in the construction elastomers market as many industries are reluctant in generating such high revenues. Factors such as demand and supply, natural disasters, production costs and political instability are some of the major causes in oil and raw material price fluctuation. Crude oil prices are rising consistently to withstand the increasing demand from consumers, thus causing textile raw material prices to increase and hence, affecting the growth of the market in the negative way.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Global Construction Elastomers Market

The rapid COVID-19 proliferation has a negative impact on the market for construction elastomers. Firm closures and strict lockdowns have badly impacted nearly every industry in the world and the construction elastomers market as well. The production of construction and civil engineering sectors showed a major rapid downfall. The downfall in the construction sector have turned to be the major restraint amidst the pandemic. Companies have developed effective solutions in a matter of months as a result of the abrupt shift in working conditions. The construction sector is in huge demand and thus is projected to show a significant growth in the market.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Developments   

• In 2020, Arkema SA acquired LIP Bygningsartikler AS (Denmark), the Danish leader in tile      adhesives, waterproofing systems, and floor preparation solutions. The acquisition will strengthen Arkema’s strategy to continuously grow its adhesives business.
• In 2020, BASF acquired the global, non-European PA6.6 business from Solvay (Belgium) including its 50% share in Butachimie’s adipodinitrile (ADN) production. The price of the acquisition was USD 1.53 billion. The acquisition will broaden BASF’s polyamide capabilities with innovative and well-known products such as Technyl.

Global Construction Elastomers Market Scope

The construction elastomers market is segmented on the basis of type, chemistry and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Thermoset
• Thermoplastic

Chemistry

• Tyrene Block Copolymers (SBC)
• Thermoplastic Polyurethanes (TPU)
• Styrene-Butadiene (SBR)
• Ethylene-Propylene (EPM/EPDM)
• Natural Rubber (NR)
• Thermoplastic Polyolefin (TPO)
• Butyl Elastomer (IIR)
• Acrylic (ACM) Elastomer
• Thermoplastic Vulcanizate (TPV)
• Silicone (Q) Elastomer
• Others
• Butadiene (BR) (polybutadiene)
• Polyisoprene (IR)
• Nitrile (NBR)
• Polychloroprene (CR) (Neoprene)

Application

• Residential
• Non-Residential
• Civil Engineering

Global Construction Elastomers Market Regional Analysis/Insights

The construction elastomers market is analyzed and market size insights and trends are provided by type, chemistry and application as referenced above.

The countries covered in the construction elastomers market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa.

Asia-Pacific dominates the construction elastomers market because of recuperation of private construction in China, India, and Southeast Asian nations.

North America is expected to grow during the forecast period of 2022 to 2029 due to rapid utilization of construction elastomers and increased construction sites.  

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Global Construction Elastomers Market Share Analysis

The construction elastomers market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to construction elastomers market.

Some of the major players operating in global construction elastomers market are:

• Arkem (France)
• BASF SE (Germany)
• Dow (U.S.)
• Covestro AG (Germany)
• Huntsman International LLC (U.S.)
• Teknor Apex (U.S.)
• The Lubrizol Corporation (U.S.)
• Tosh Corporation (Japan)
• Kraton Corporation (U.S.)
• China Petrochemical Corporation (China)
• Mitsubishi Chemical Corporation (Japan)
• DuPont (U.S.)
• Evonik Industries AG (Germany)
• Dynasol Elastomers (Spain)
• Coim Group (Italy)
• SIBUR Holding PJSC (Russia)
• ZEON CORPORATION (Japan)
• LANXESS (Germany)

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