Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Construction Elastomers Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Are the Expected Market Growth Rates for the Construction Elastomers Market?
The Construction Elastomers market has seen strong growth in recent years. The market size is projected to increase from $6.27 billion in 2024 to $6.72 billion in 2025, with a compound annual growth rate (CAGR) of 7.1%.
What Are the Expected Market Growth Trends for the Construction Elastomers Market Through 2029?
The market size for construction elastomers is anticipated to expand significantly in the forthcoming years, with the 2029 projections estimating the market to be worth $9.57 billion. The compound annual growth rate (CAG
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What Are the Key Business Drivers in the Construction Elastomers Market Landscape?
The key Drivers in the construction elastomers market are:
• Increase in demand for sustainable buildings
• Reduction of environmental impact through sustainable construction methods
• Adoption of green technologies in the construction industry
• Use of construction elastomers for both residential and non-residential purposes due to their environmentally benign and renewable attributes
How Is the Construction Elastomers Market Divided Across Key Categories?
The construction elastomersmarket covered in this report is segmented –
1) By Type: Thermoset, Thermoplastic
2) By Chemistry: Styrene Block Copolymers (SBCS), Thermoplastic Polyurethanes (TPU), Styrene-Butadiene (SBR), Ethylene Propylene Diene Monomer (EPDM), Natural Rubber, Acrylic Elastomer (ACM), Butyl Elastomer, Other Chemistry
3) By Application: Residential, Non-Residential, Civil Engineering
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What Are the Ongoing Trends in the Construction Elastomers Market?
The key trends in the construction elastomers market are:
• Emerging trend exists in the increase of R&D investments by key players to enhance elastomer properties and innovate new products.
• Significant focus is placed on meeting customer demands and solidifying market position through research and development.
• Expansion into high-performance elastomeric products for niche sectors like roof coatings is a developing trend.
• Contributing to sustainability and performance in construction elastomers market is becoming increasingly crucial for businesses.
Which Companies are Expanding in the Construction Elastomers Industry?
The key players in the construction elastomers market are:
• 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
Which is the Largest Region the Global Construction Elastomers Market?
Asia-Pacific was the largest region in the construction elastomers market in 2024
