Construction Elastomers Market Size 2022, Share Estimation, Sales and Revenues, Future Demands, Forecast 2030 | Taiwan News | 2022-08-18 04:56:31

2022-08-21 11:59:39 By : Mr. Shaohui Zheng

Global Construction Elastomers market to reach USD 7.1 billion by 2027. Global construction elastomers market is valued approximately at USD 4.8 billion in 2020 and is anticipated to grow with a healthy growth rate of about 5.8% over the forecast period 2021-2027.

Elastomers refer to synthetic polymers that have elastic properties and are made of polymers, joined by chemical bonds, which acquires a final slightly crosslinked structure. Elastomers that are used in construction applications are known as construction elastomers. The global construction elastomers market is being driven by growth of construction industry globally and advancement in thermoplastic (TPE) processing industry.

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Furthermore, emerging market for biobased elastomers will provide new opportunities for the global construction elastomers industry. There has been increase in the construction spending across the globe. According to Statista, the total spending on construction across the globe is expected to increase from USD 9.5 trillion in 2014 to approximately USD 19.2 trillion by 2035. Such growth in the construction spending across the globe is expected to increase the demand and adoption of construction elastomers which would promote the market growth. However, higher cost of construction elastomers than that of conventional materials may impede market growth over the forecast period of 2021-2027.

The regional analysis of the global construction elastomers market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific accounts for the largest share in terms of market revenue in the global construction elastomers market over the forecast period 2021-2027. Factors such as recovery of residential construction in countries such as China, India, etc., investment by the market players in construction elastomers, growth in the construction industry of the region, etc. contribute towards the largest market share of the region in the forecast years.

Major market player included in this report are: BASF SE Dow Arkema Covestro AG Huntsman Corporation Kraton Corporation Exxon Mobil Corporation Mitsubishi Chemical Company Lubrizol Corporation Dupont De Nemours Inc.

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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Type: Thermoset Thermoplastic By Chemistry: Styrene block copolymers (SBC) Thermoplastic polyurethanes (TPU) Styrene-butadiene (SBR) Ethylene-propylene (EPM/EPDM) Natural Rubber (NR) Thermoplastic polyolefin (TPO) Butyl Elastomer (IIR) Acrylic (ACM) Elastomer Thermoplastic vulcanizate (TPV) Silicone (Q) Elastomer Others By Application: Residential Non-residential Civil Engineering By Region: North America U.S. Canada Europe UK Germany France Spain Italy ROE

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Asia Pacific China India Japan Australia South Korea RoAPAC Latin America Brazil Mexico Rest of the World

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