For business leaders, corporate strategists, and growth-focused teams – this report delivers deep market intelligence, forecasts, segmentation, and competitor insights to guide your decisions through 2034._x000D_
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How does the forecasted CAGR of the construction elastomers industry compare to other sectors?_x000D_
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._x000D_
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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._x000D_
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What market trends are acting as primary growth drivers for the construction elastomers sector?_x000D_
The increase in the demand for sustainable buildings is expected to serve as a major driver of the construction elastomer market in the forecast period. The goal of sustainable construction is to reduce the industry’s environmental impact by implementing sustainable development methods, increasing energy efficiency, and adopting green technologies. Construction elastomers are environmentally benign, renewable, and secure to use for both residential and non-residential purposes. For instance, according to a recent report from the World Green Building Council in 2023, the demand for sustainable buildings continues to rise significantly. The survey revealed that 71% of global respondents indicated an increase in demand for green buildings, with a notable 75% of professionals in Europe reporting heightened interest in sustainability initiatives within the construction sector. Even in the Middle East and Africa, where demand growth was the slowest, 39% of respondents said demand had increased. This will create a significant demand for the construction elastomers and thus will aid the growth of the construction elastomers market._x000D_
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What are the fastest-growing segments in the construction elastomers market forecast period?_x000D_
The construction elastomers market covered in this report is segmented –_x000D_
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1) By Type: Thermoset, Thermoplastic_x000D_
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_x000D_
3) By Application: Residential, Non-Residential, Civil Engineering_x000D_
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Subsegments:_x000D_
1) By Thermoset: Polyurethane Elastomers, Epoxy Elastomers, Silicone Elastomers, Polyisoprene Elastomers_x000D_
2) By Thermoplastic: Thermoplastic Polyurethane (TPU), Styrenic Block Copolymers (SBC), Thermoplastic Vulcanizates (TPV), Thermoplastic Olefins (TPO)_x000D_
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How are emerging trends transforming the construction elastomers market dynamics?_x000D_
The increase in investments by key players in the R&D of elastomer processing to improve its properties and the development of new products is a major trend in the construction elastomer market. Major companies operating in the construction elastomers market are focused on investing in research and development to meet customer demand and strengthen their position. For instance, in May 2023, Mallard Creek Polymers launched Rovene 6520, an advanced all-acrylic emulsion polymer designed for high-performance elastomeric roof coatings. This new product offers enhanced durability and adhesion properties, exceeding industry standards such as ASTM D 6083.The development is part of Mallard Creek’s ongoing commitment to provide innovative solutions for the elastomeric roof coatings market, focusing on sustainability and performance._x000D_
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Which major players hold significant market share in the construction elastomers sector?_x000D_
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_x000D_
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Which regional segments are forecasted to witness the fastest growth in the construction elastomers market?_x000D_
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 include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa._x000D_
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• Develop competitive products by tracking key technology shifts and user preferences._x000D_
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