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Construction Elastomers Market (Type - Styrene Block Copolymers (SBCs), Styrene-butadiene (SBR), Thermoplastic Polyurethanes (TPU), Ethylene Propylene Diene Monomer (EPDM), Natural Rubber, Acrylic Elastomer (ACM), and Butyl Elastomer (IIR); Application - Residential, Non-residential, and Civil Engineering): Global Industry Analysis, Trends, Size, Share and Forecasts to 2028

  • Published : July, 2022

  • Rep Id : CM0167

  • Category : Chemicals & Materials

  • Status : Published

A recent report published by Infinium Global Research on the construction elastomers market provides in-depth analysis of segments and sub-segments in the global as well as regional construction elastomers market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional construction elastomers market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global construction elastomers market. According to the report, the global construction elastomers market is projected to grow at a CAGR of about 6% over the forecast period of 2022-2028.

 

Market Insight

The Global Construction Elastomers Market was valued at about USD 5000 Million in 2022 and is expected to reach over USD 7000 Million in 2028, with a CAGR of about 6% during the forecast period. The rising demand for bio-based elastomers in developing countries is anticipated to promote the expansion of the worldwide construction elastomers market. Bio-based elastomers are manufactured by the utilization of sustainable assets such as unsaturated fats and vegetable oils. It offers comparable preferred properties over the normal elastomers, basically used for hardware, footwear ventures, and structure development. The assembling of elastomers works on its biodegradability and diminishes the employment of non-sustainable assets. Commercialization and therefore the persistent advancement of elastomers are creating new growth opportunities for business players. Furthermore, several engineered elastomers have moved their concentration toward creating a climate and reasonable cordial items.

 

The rising utilization of elastomers in the construction sector is enhanced because of their impact strength, good resilience, high elongation, tear resistance, and abrasion resistance ability. The growth of the market is expanding because of their tear obstruction, great versatility, high extension scraped area opposition, and high strength. The essential applications of the elastomers in the construction industry are such as climate stripping, window and climate seals, waterproofing, covering, Bitumen adjustment, safe house parts, counterfeit turf, material layers, and development joints, windows and door jambs, divider covers, and street markings. The utilization of TPE elastomers and of TPU in the infrastructure and construction development deals with better great mechanical execution, increment sturdiness, and UV security of the construction site with an enhanced feel. Furthermore, increasing usage of Bio-based elastomers in the construction industry is expected to create lucrative growth opportunities within the forecast period. Continuous commercialization and development of bio-based elastomers are expected to boost utilization. However, the high cost of the material over the traditional material will restrain the growth of the market during the forecast period. 

 

The COVID-19 impact had earlier led to restrictive containment measures involving remote working, the closure of commercial activities, and social distancing that resulted in working tasks. The wide spread of the covid-19 pandemic had drastically reduced the availability of products that were not related to the medical sector earlier in 2020. Likewise, the rapidly increasing spread of the various acute disease and chronic diseases decreased the spending on the construction industry during the covid-19 pandemic. The closure of the construction sites and delays in the completion of the project due to lockdown restrictions imposed by the government during the forecast period.

 

Based on the region, the worldwide construction elastomers market is segmented into the Asia Pacific, North America, Europe, and also the Middle East & Africa. Whereas, the Asia Pacific region is predicted to dominate the expansion during the forecast period. The market within the area is driven by the recuperation of personal construction in China, India, and Southeast Asian nations. Worldwide elastomers makers are putting resources into APAC nations to line up their creation plants to upgrade their market presence within the district. India is the biggest huge construction market and one of the largest customers of construction elastomers in the world. Furthermore supportive government regulation for a ban on the utilization of plastic will enhance the market growth within the North American region.

 

Segment Covered

The report on the global construction elastomers market covers segments such as type, and application. On the basis of type, the sub-markets include styrene block copolymers (SBCs), styrene-butadiene (SBR), thermoplastic polyurethanes (TPU), ethylene propylene diene monomer (EPDM), natural rubber, acrylic elastomer (ACM), and butyl elastomer (IIR). On the basis of application, the sub-markets include residential, non-residential, and civil engineering.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Arkema, Dow, Covestro AG, Huntsman International LLC., Teknor Apex, The Lubrizol Corporation, KRATON CORPORATION, Mitsubishi Chemical Corporation, DuPont, and Evonik.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the construction elastomers market. Moreover, the study highlights current market trends and provides forecast from 2022-2028. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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