The report “Construction Elastomers Market by Type (Thermoset and Thermoplastic), Chemistry (Styrene block copolymers, TPU, SBR, EPDM, Natural Rubber, IIR, ACM), Application (Residential, Non-residential, and Civil Engineering), and Region – Global Forecast to 2026″, size is estimated to be USD 5.1 billion in 2021 and is projected to reach USD 6.7 billion by 2026, at a CAGR of 5.8% between 2021 and 2026.
Residential is the major application segment for construction elastomers. Growing construction sector across the world is driving the construction elastomers market during the forecast period. Moreover, the development of eco-friendly technologies for production of TPE based construction elastomers and growing demand for sustainable constructions are new opportunities in construction elastomers market.
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The residential application holds the largest share in the construction elastomers market
Residential is the largest application in the construction elastomers market. Construction elastomers are used in insulations, roofing sheets & window profiles gaskets, door handle seal, and adhesives in residential construction applications. The segment account for about 50% market share in terms of value in 2020. The sector experienced slow growth due to global economic slowdown. However, the segment is expected to recover in the forecast period. Moreover, focus on sustainable buildings and earthquake proof construction will provide new opportunities for construction elastomers manufacturer.
APAC is estimated to be the fastest-growing market for construction elastomers.
APAC accounted for the largest share in terms of volume and value of the construction elastomers market in 2020, followed by North America and Europe. The use of construction elastomers is expected to witness the highest growth in the APAC region during the forecast period. The market in this region is driven by the growth in the construction sector in China, India, and Southeast Asian countries. Global construction elastomers manufacturers are investing in APAC countries in establish their production plants to enhance their market presence in the region. China is the significant market for construction and the largest consumer of construction elastomers in the world. The growing residential construction in the region coupled with strong growth in the construction sector are expected to drive the market for construction elastomers in APAC region.
The major industry players are adopted acquisitions, expansions, joint venture, and new product development as growth strategies in the last four years. The leading players in the market are Arkema S.A (France), Asahi Kasei Corporation (Japan), BASF SE (Germany), The Dow Chemical Company (The US), Covestro AG (Germany), Huntsman Corporation (The US), Teknor Apex Company (The US), Lubrizol Corporation (The US), Tosh Corporation (Japan), Kraton Corporation (The US), China Petroleum and Chemical Corporation (China), Mitsubishi Chemical Company (Japan), DuPont (The US), SIBUR (Russia), Evonik Industries AG (Germany), Dynasol Elastomers (Spain).
TABLE OF CONTENTS
1 INTRODUCTION (Page No. – 24)
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
TABLE 1 MARKET DEFINITION, BY TYPE
FIGURE 1 CONSTRUCTION ELASTOMERS MARKET SEGMENTATION
1.2.1 REGIONS COVERED
1.2.2 YEARS CONSIDERED FOR THE STUDY
1.3 CURRENCY
1.4 UNIT CONSIDERED
1.5 LIMITATIONS
1.6 STAKEHOLDERS
2 RESEARCH METHODOLOGY (Page No. – 28)
2.1 RESEARCH DATA
FIGURE 2 CONSTRUCTION ELASTOMERS MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 List of major secondary sources
2.1.1.2 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Breakdown of primary interviews
2.2 PRIMARIES
2.2.1 CONSTRUCTION ELASTOMERS
2.3 MARKET SIZE ESTIMATION
FIGURE 3 CONSTRUCTION ELASTOMERS MARKET SIZE ESTIMATION
2.3.1 TOP-DOWN APPROACH
2.3.1.1 Approach for arriving at market size using top-down analysis
FIGURE 4 TOP-DOWN APPROACH
2.3.2 BOTTOM-UP APPROACH
2.3.2.1 Approach for arriving at market size using bottom-up analysis
FIGURE 5 BOTTOM-UP APPROACH
FIGURE 6 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH (DEMAND SIDE)
FIGURE 7 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH (SUPPLY SIDE)
2.4 DATA TRIANGULATION
FIGURE 8 CONSTRUCTION ELASTOMERS MARKET: DATA TRIANGULATION
2.5 ASSUMPTIONS
2.6 LIMITATIONS
2.7 RISKS
TABLE 2 RISKS ASSOCIATED
2.8 GROWTH RATE ASSUMPTIONS /GROWTH FORECAST
2.8.1 CONSTRUCTION ELASTOMERS MARKET
2.8.1.1 Supply side
FIGURE 9 MARKET CAGR PROJECTIONS FROM THE SUPPLY SIDE
2.8.1.2 Demand side
FIGURE 10 APPROACH FOR MARKET SIZING FROM DEMAND SIDE
2.8.1.3 Insights from primary experts
FIGURE 11 MARKET VALIDATION FROM PRIMARY EXPERTS
3 EXECUTIVE SUMMARY (Page No. – 42)
FIGURE 12 THERMOPLASTIC ELASTOMERS TO CONTINUE DOMINATING CONSTRUCTION ELASTOMERS MARKET TILL 2026
FIGURE 13 STYRENE BLOCK COPOLYMER TO REMAIN LARGEST CHEMISTRY SEGMENT TILL 2026
FIGURE 14 RESIDENTIAL APPLICATION TO CONTINUE DRIVING CONSTRUCTION ELASTOMERS MARKET
FIGURE 15 APAC TO BE FASTEST-GROWING CONSTRUCTION ELASTOMERS MARKET BETWEEN 2021 AND 2026
4 PREMIUM INSIGHTS (Page No. – 47)
4.1 EMERGING ECONOMIES TO WITNESS A RELATIVELY HIGHER DEMAND FOR CONSTRUCTION ELASTOMERS
FIGURE 16 EMERGING ECONOMIES OFFER ATTRACTIVE OPPORTUNITIES IN CONSTRUCTION ELASTOMERS MARKET
4.2 APAC: CONSTRUCTION ELASTOMERS MARKET, BY APPLICATION AND COUNTRY
FIGURE 17 CHINA WAS LARGEST MARKET FOR CONSTRUCTION ELASTOMERS IN APAC IN 2020
4.3 CONSTRUCTION ELASTOMERS MARKET, BY TYPE
FIGURE 18 THERMOPLASTIC ELASTOMERS SEGMENT TO LEAD CONSTRUCTION ELASTOMERS MARKET DURING FORECAST PERIOD
4.4 CONSTRUCTION ELASTOMERS MARKET, BY APPLICATION
FIGURE 19 STYRENE BLOCK COPOLYMER TO BE LARGEST SEGMENT BY 2026
4.5 CONSTRUCTION ELASTOMERS MARKET, BY COUNTRY
FIGURE 20 INDIA TO GROW AT HIGHEST CAGR FROM 2021 TO 2026
5 MARKET OVERVIEW (Page No. – 51)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 21 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN CONSTRUCTION ELASTOMERS MARKET
5.2.1 DRIVERS
5.2.1.1 Increasing demand from construction industry
5.2.1.2 Growth of construction industry globally
5.2.1.3 Increasing demand from emerging economies
5.2.1.4 Advancement in thermoplastic (TPE) processing industry
5.2.2 RESTRAINTS
5.2.2.1 Higher cost of construction elastomers than that of conventional materials
5.2.2.2 Economic slowdown and impact of COVID-19 on manufacturing sector
FIGURE 22 EUROPE: MANUFACTURING INDUSTRY OUTPUT INDEX
5.2.3 OPPORTUNITIES
5.2.3.1 Emerging market for biobased elastomers
5.2.4 CHALLENGES
5.2.4.1 Price volatility
5.2.4.2 Intra-elastomer segment replacement
5.3 VALUE CHAIN ANALYSIS
FIGURE 23 CONSTRUCTION ELASTOMERS: VALUE CHAIN ANALYSIS
5.3.1 PRODUCERS
5.3.2 SUPPLIERS & DISTRIBUTORS
5.3.3 END-USE INDUSTRY
