Infinium Global Research’s recent report on the “Global Construction Elastomers Market ((By Type (Styrene Block Copolymers, Styrene-Butadiene, Thermoplastic Polyurethanes, Ethylene Propylene Diene Monomer, Natural Rubber, Acrylic Elastomer, and Butyl Elastomer) By Application (Residential, Non-Residential, and Civil Engineering)) Global Industry Analysis, Trends, Market Size & Forecasts to 2028” provides a comprehensive outline of the factors responsible for the growth of the market. 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.

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Rise in Demand for Elastomers from the Construction Industry is the Key Factor Driving the Market Growth

The rise in demand for elastomers from the construction industry is the key factor driving the market growth. The growing consumption of elastomers in the construction industry is increasing owing to their tear resistance, abrasion resistance, impact strength, high elongation, and good resilience. It is used in the construction industry for various applications which include bitumen modification, wall coverings, waterproofing, carpeting, windows & door frames, artificial turf, window & weather seals, expansion joints, road markings, and shelter components. The emerging demand for bio-based elastomers is holding a potential growth opportunity for construction elastomers which is further anticipated to drive the market growth.

The outbreak of covid-19 had negative effects on the Construction Elastomers Market during the forecast period. The COVID-19 disaster is crafting vagueness and resulted in massive slowdowns in supply chains, declining business confidence, and growing panic in the customer sector. The effect of the epidemic is disturbing the manufacturing of elastomers. The economic slowdown and decreased investment in the construction industry are anticipated to restrain the growth of the market due to restrictions imposed by the governments to prevent the spread of the covid-19 pandemic.

The Thermoplastic Polyurethanes Segment is Expected to Dominate the Market

The Global Construction Elastomers Market is bifurcated By Type and Application. By Type, the segment is further bifurcated into Styrene Block Copolymers, Styrene-Butadiene, Thermoplastic Polyurethanes, Ethylene Propylene Diene Monomer, Natural Rubber, Acrylic Elastomer, and Butyl Elastomer. The Thermoplastic Polyurethanes segment is anticipated to dominate the market growth during the forecast period. Thermoplastic polyurethane is a melt-processable thermoplastic elastomer with high flexibility and high durability. Thermoplastic polyurethane provides many chemical and physical properties for the most demanding construction industry. The additional feature of TPU such as Good load bearing capacity, high elongation at break, and excellent tensile strength is increasing the demand for the segment during the forecast period.

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The North America Region is Expected to be Fastest Growing Region in the Global Construction Elastomers Market

The Global Construction Elastomers Market is segmented into the Asia Pacific, North America, Europe, the Middle East & Africa, and South America. North America is projected to be the fastest growing region in Construction Elastomers Market because of the rising investments by major market players in the Research and Development of elastomers dispensation to advance its properties. The development of the advanced featured product is an enhancing trend in the construction elastomer market during the forecast period. For instance, in January 2020, Mallard Creek Polymers, a US-based producer of elastomeric roof coatings launched a new product Rovene 6120. It is an all-acrylic emulsion polymer utilized for heavy-duty elastomeric roof coatings following ASTM D 6083.

Key Players Focus to Increase the Production Capacity by Collaborating with other Companies

The Global Construction Elastomers Market is intensely competitive with several multinational and local players. The major players are Arkema, Dow, Covestro AG, Huntsman International LLC., Teknor Apex, The Lubrizol Corporation, KRATON CORPORATION, and Mitsubishi Chemical Corporation, DuPont, Evonik, and several others are constantly focusing on developing products to gain a competitive edge in the market. The companies are applying various market strategies to sustain the market during the forecast period.

For instance, In December 2021, a Georgia-based specialty plastics extruder company Pexco LLC acquired Performance Elastomers Corporation. Infinium Global Research’s recent report on the Global Construction Elastomers Market is an encompassment of such recent developments in the marketplace. The report delivers insights into the recent developments by leading players that have contributed to the growth of the Global Construction Elastomers Market and also estimates the impact of recent developments in the market.

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=> Comprehensive analysis of global as well as regional markets of the Construction Elastomers.

=> Complete coverage of all the product types and applications segments to analyze the trends, developments, and forecast of market size up to 2028.

=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.

=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand and/or diversify.