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Construction Elastomers Market Trends

Report ID: GMI8650
Published Date: Mar 2024
Report Format: PDF

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Construction Elastomers Market Trends

There are a number of noteworthy trends in the market for construction elastomers. Demand for sustainable elastomers is rising as people become more conscious of environmental issues. Furthermore, the development of sophisticated elastomers with greater usefulness and endurance is being fueled by technological advancement. Furthermore, elastomers are being more widely used in contemporary building methods like eco-friendly building practices and modular construction. Furthermore, the need for construction elastomers is being driven by infrastructure developments and worldwide urbanization, particularly in critical applications like adhesives, roofing materials, and sealants.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Global market for construction elastomers was valued at around USD 5.7 billion in 2023 and is expected to reach a value of USD 9.6 billion by 2032, driven by the product’s properties like flexibility, resilience to weather, and ability to absorb impact.

Thermoset construction elastomers market accounted for USD 4.1 billion and is expected to reach about USD 6.9 billion in 2032, due to weather resistance, thermal stability, and durability of the material.

Asia Pacific market was assessed at USD 1.5 billion in 2023 and is expected to be worth USD 2.2 million by 2032, attributed to rapid urbanization and infrastructure, alongside shift toward eco-friendly elastomers due to advancements in technology and growing environmental concern.

Bridgestone Corporation, BASF SE, Continental AG, Dow Inc., ExxonMobil Chemical, Lanxess AG, Michelin Group, Nizhnekamskneftekhim, Sumitomo Chemical Co., Ltd., Synthos S.A., The Goodyear Tire & Rubber Company, and Trelleborg AB.