Reliable Data You Can Trust
Reliable Data You Can Trust
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 the 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.
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 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 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.
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.
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.
The report provides deep insights
into 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 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 insight into the market share of the leading players.
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