Construction Elastomers Market Report 2025

The construction elastomers market size has grown strongly in recent years. It will grow from $6.27 billion in 2024 to $6.82 billion in 2025 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to urbanization, energy efficiency, weather resistance, sustainable construction, infrastructure development.

The construction elastomers market size is expected to see strong growth in the next few years. It will grow to $9.84 billion in 2029 at a compound annual growth rate (CAGR) of 9.6%. The growth in the forecast period can be attributed to resilient and disaster-resistant buildings, energy-efficient green buildings, smart building technologies, aging infrastructure renovation, urban regeneration. Major trends in the forecast period include seismic resilience, cool roof systems, self-healing elastomers, 3D printing and customization, elastomeric roof coatings.

The growing demand for sustainable buildings is expected to be a key driver of the construction elastomer market during the forecast period. The objective of sustainable construction is to minimize the industry's environmental impact by implementing sustainable development practices, enhancing energy efficiency, and adopting green technologies. Construction elastomers are environmentally friendly, renewable, and safe to use for both residential and non-residential applications. For example, a recent report from the World Green Building Council in 2023 indicated that the demand for sustainable buildings is rising significantly. The survey found that 71% of global respondents reported an increased demand for green buildings, with 75% of professionals in Europe noting a heightened interest in sustainability initiatives within the construction sector. Even in the Middle East and Africa, where demand growth has been the slowest, 39% of respondents indicated that demand had increased. This trend will create substantial demand for construction elastomers, thereby supporting the growth of the construction elastomers market.

The increasing demand for residential projects is anticipated to propel the growth of the construction elastomer market. Residential projects encompass various construction endeavors focused on creating living spaces. Construction elastomers play a vital role in residential projects, providing effective solutions for sealing, insulating, and protecting various components of homes, ensuring structural integrity, comfort, and durability. Notably, in February 2023, the US homeownership rate increased from 65.6% in 2021 to 66% in 2022, constituting 10% of recent home sales in the same year. Additionally, 1,382,000 new homes began construction in December 2022. This surge in demand for residential projects is expected to be a significant driver for the construction elastomer market.

The rise in investments by key players in the research and development of elastomer processing to enhance its properties and create new products is a significant trend in the construction elastomer market. Major companies in this market are concentrating on investing in R&D to meet customer demand and bolster their market position. For example, in May 2023, Mallard Creek Polymers introduced Rovene 6520, an advanced all-acrylic emulsion polymer designed for high-performance elastomeric roof coatings. This new product provides improved durability and adhesion properties, surpassing industry standards such as ASTM D 6083. This development reflects Mallard Creek's ongoing commitment to delivering innovative solutions for the elastomeric roof coatings market, with a focus on sustainability and performance.

Major players in the construction elastomer market are strategically focusing on product launches, exemplified by initiatives such as the introduction of the DuraPearl Elastomer System, to cater to the increasing demand in the construction sector. The DuraPearl Elastomer System is an advanced polyurea-based spray coating solution designed to address a diverse range of industrial applications. Notably, in March 2023, Pearl Polyurethane Systems, a chemical manufacturer based in the UAE, unveiled the DuraPearl Elastomer System. This innovative solution offers multiple benefits compared to traditional options like standard membranes, epoxy, and regular polyurethane systems.

In June 2023, Ravago Group, a global leader in plastic distribution and recycling, announced its acquisition of Compound Solutions, Inc., a provider of specialty compounds and materials. This acquisition strengthens Ravago's ability to offer advanced polymer solutions and broadens its presence in the specialty materials market, serving industries such as automotive and consumer goods. Compound Solutions, Inc. is a specialty compounds and materials provider based in the United States.

Major companies operating in the construction elastomers market include Dow Chemical Company, Arkema SA, BASF SE, Covestro AG, Huntsman Corporation, Tosoh Corporation, Evonik Industries AG, Mitsubishi Chemical Company, The Lubrizol Corporation, PJSC SIBUR Holding, Teknor Apex Company, Dynasol Group, Kraton Corporation, Asahi Kasei Corporation, Exxon Mobil Corporation, Lanxess AG, Zeon Corporation, JSR Corporation, LG Chem Ltd., Kuraray Co. Ltd., Momentive Performance Materials Inc., Wacker Chemie AG, Bridgestone Corporation, Continental AG, Eastman Chemical Company, Compagnie Générale des Établissements Michelin, Shin-Etsu Chemical Co. Ltd., Sumitomo Chemical Co. Ltd., The Goodyear Tire & Rubber Company, Trinseo LLC.

Construction elastomers, synthetic polymers with elastic properties, play a crucial role in the building industry. These rubbery materials, composed of lengthy chainlike molecules or polymers, can be stretched over considerable distances and still return to their original shape. Combining the advantages of plastics and rubber, construction elastomers find applications in various construction scenarios. Their robust impact and tear resistance make them valuable in roofing sheets, window profiles, building insulation, adhesives, gaskets, and door handle seals.

The primary types of construction elastomers are thermoset and thermoplastic. Thermosets consist of elastomeric materials that do not melt when heated. In the building and construction sector, thermoset elastomers are utilized in applications such as adhesives and sealants, thermal insulation, roofing, flooring, piping, bridge structures, cementing, and the repair and rehabilitation of civil structures. Various types of chemistry, including styrene block copolymers (SBC), thermoplastic polyurethanes (TPU), styrene-butadiene (SBR), ethylene propylene diene monomer (EPDM), natural rubber, acrylic elastomers (ACM), butyl elastomers (IIR), and others, cater to different applications in residential, non-residential, and civil engineering contexts.

The construction elastomers market research report is one of a series of new reports that provides construction elastomers market statistics, including construction elastomers industry global market size, regional shares, competitors with a construction elastomers market share, detailed construction elastomers market segments, market trends and opportunities, and any further data you may need to thrive in the construction elastomers industry. This construction elastomers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Asia-Pacific was the largest region in the construction elastomers market in 2024. North America was the second-largest market in the construction elastomers market share. The regions covered in the construction elastomers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The countries covered in the construction elastomers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA.

The construction elastomers market consists of sales of construction elastomers by types of chemistry, including silicone, neoprene, and polybutadiene. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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