Construction Elastomers Market SWOT and PEST Analysis 2021-2031
The Construction Elastomers Market is expected to register a CAGR of 5.8% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by Type (Thermoset and Thermoplastic). The report is also segmented by End User (Residential, Commercial, Industrial, Civil Infrastructure, and Others). The report scope covers 5 regions: North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America and key countries under each region. The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Construction Elastomers Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Construction Elastomers Market Segmentation
Type- Thermoset and Thermoplastic
- Residential
- Commercial
- Industrial
- Civil Infrastructure
Strategic Insights
Construction Elastomers Market Growth Drivers- Urbanization Boosting Construction Elastomers Demand: The construction elastomers market is majorly leveraged by factors like rapid urbanization and ongoing infrastructural activities. Urban centers being populated necessitate the building of structures which leads to the need for these materials that can withstand tearing and bending. Some of the reasons as to why elastomers are well suited for several construction solutions such as roofing and thermal insulation is their abrasion and tearing resistant characteristics.
- Increasing Demand for Eco-Friendly Elastomers in Developing Countries: Developing Countries are also witnessing rise in elasticity properties as most elastomers have to conform to environmental requirements. Manufacturers are diversifying their olefin elastomers consideration in that they also commercially concentrate on producing them at a lower cost and with less effects to the environment. This growing use of these materials is encouraged by the concern for the environment which is dominated by the foremost desires existing in the world today.
- Technological Advancements: The technology used in producing elastomers has been changing, and this has led to improvements in the properties of elastomers, including range of impact strength and elongation. These developments only enhance the desirability of elastomers for construction purposes since they can be subjected to tough conditions and remain effective for a long time. As the world changes and technology becomes advanced, the need and market for construction elastomers is growing tremendously.
- Durability Driving Construction Elastomers Growth: One of the most notable trends in the construction elastomers market is the particular attention given to the durability and ability to withstand weather effects. Polymer materials of today are produced to cope with extreme temperatures, therefore they are applicable in areas such as roofs and sealants. This upgrade improves the chances for those builders who are looking for high-end products for a durable construction.
- Eco-friendly Elastomers: The construction industry is becoming more sustainable, there is an emerging trend where elastomers are created with materials derived from recycled or bio-based sources. This not only adheres to the ecological demands but also the quest by the consumers for such alternatives. Thus, such elastomers which are environmentally friendly are being preferred in construction works.
- Elastomers Driving Prefabricated Construction Growth: The rise of prefabricated Construction is increasing the consumption of elastomers since they are easy to install and flexible. The desire for efficient construction methods by builders has enhanced the properties of elastomers for quick assembly and modular designs. This trend is revolutionizing the use of materials in the construction industry.
- Sustainable Elastomers for Green Building: The escalating focus on eco-friendly construction works is a great boost to the market for elastomers. As builders turn to green building practices, there is a growing need for environmentally friendly elastomers that are produced using recycled or bio-based materials. This is in line with environmental legislations and the market demand for sustainable construction solutions.
- Increasing Infrastructure Activities: As urbanization and infrastructural development continue to take place, the demand for elastomers in a range of applications including roads, bridges, waterproofing, and so on presents a great opportunity. Additionally, their characteristics, such as very high durability and flexibility make them suitable for such projects. Such demand is anticipated to foster growth and advancement in the formulations of elastomer coatings.
- Innovative Elastomers in Construction: There is a growing elastomer technology development that makes the production of complex materials for construction applications a possibility. Modified lack of easy wear and enhancements in protection from aging are both contributors to diversification of use. With developments in technology, suppliers are able to make provision for custom made elastomers with different applications in the construction industry.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Construction Elastomers Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Construction Elastomers Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Based on geography, Asia Pacific is expected to register the fastest CAGR from 2023 to 2031.
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
Expansion in green building initiatives is one of the key opportunities for the market growth.
BASF SE, Dow, Covestro AG, Huntsman Corporation, Teknor Apex Company, Lubrizol Corporation, Tosh Corporation, Kraton Corporation, China Petroleum and Chemical Corporation, and Mitsubishi Chemical Company are among the leading players operating in the construction elastomers market.
Advancements in material technology is driving the market growth
The Construction Elastomers Market is estimated to witness a CAGR of 5.8% from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Construction Elastomers Market - By Type
1.3.2 Construction Elastomers Market - By Application
1.3.3 Construction Elastomers Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. CONSTRUCTION ELASTOMERS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. CONSTRUCTION ELASTOMERS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. CONSTRUCTION ELASTOMERS MARKET - GLOBAL MARKET ANALYSIS
6.1. CONSTRUCTION ELASTOMERS - GLOBAL MARKET OVERVIEW
6.2. CONSTRUCTION ELASTOMERS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. CONSTRUCTION ELASTOMERS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. THERMOSET
7.3.1. Overview
7.3.2. Thermoset Market Forecast and Analysis
7.4. THERMOPLASTIC
7.4.1. Overview
7.4.2. Thermoplastic Market Forecast and Analysis
8. CONSTRUCTION ELASTOMERS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. RESIDENTIAL
8.3.1. Overview
8.3.2. Residential Market Forecast and Analysis
8.4. NON-RESIDENTIAL
8.4.1. Overview
8.4.2. Non-Residential Market Forecast and Analysis
8.5. CIVIL ENGINEERING
8.5.1. Overview
8.5.2. Civil Engineering Market Forecast and Analysis
9. CONSTRUCTION ELASTOMERS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Construction Elastomers Market Overview
9.1.2 North America Construction Elastomers Market Forecasts and Analysis
9.1.3 North America Construction Elastomers Market Forecasts and Analysis - By Type
9.1.4 North America Construction Elastomers Market Forecasts and Analysis - By Application
9.1.5 North America Construction Elastomers Market Forecasts and Analysis - By Countries
9.1.5.1 United States Construction Elastomers Market
9.1.5.1.1 United States Construction Elastomers Market by Type
9.1.5.1.2 United States Construction Elastomers Market by Application
9.1.5.2 Canada Construction Elastomers Market
9.1.5.2.1 Canada Construction Elastomers Market by Type
9.1.5.2.2 Canada Construction Elastomers Market by Application
9.1.5.3 Mexico Construction Elastomers Market
9.1.5.3.1 Mexico Construction Elastomers Market by Type
9.1.5.3.2 Mexico Construction Elastomers Market by Application
9.2. EUROPE
9.2.1 Europe Construction Elastomers Market Overview
9.2.2 Europe Construction Elastomers Market Forecasts and Analysis
9.2.3 Europe Construction Elastomers Market Forecasts and Analysis - By Type
9.2.4 Europe Construction Elastomers Market Forecasts and Analysis - By Application
9.2.5 Europe Construction Elastomers Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Construction Elastomers Market
9.2.5.1.1 Germany Construction Elastomers Market by Type
9.2.5.1.2 Germany Construction Elastomers Market by Application
9.2.5.2 France Construction Elastomers Market
9.2.5.2.1 France Construction Elastomers Market by Type
9.2.5.2.2 France Construction Elastomers Market by Application
9.2.5.3 Italy Construction Elastomers Market
9.2.5.3.1 Italy Construction Elastomers Market by Type
9.2.5.3.2 Italy Construction Elastomers Market by Application
9.2.5.4 Spain Construction Elastomers Market
9.2.5.4.1 Spain Construction Elastomers Market by Type
9.2.5.4.2 Spain Construction Elastomers Market by Application
9.2.5.5 United Kingdom Construction Elastomers Market
9.2.5.5.1 United Kingdom Construction Elastomers Market by Type
9.2.5.5.2 United Kingdom Construction Elastomers Market by Application
9.2.5.6 Russia Construction Elastomers Market
9.2.5.6.1 Russia Construction Elastomers Market by Type
9.2.5.6.2 Russia Construction Elastomers Market by Application
9.2.5.7 Rest of Europe Construction Elastomers Market
9.2.5.7.1 Rest of Europe Construction Elastomers Market by Type
9.2.5.7.2 Rest of Europe Construction Elastomers Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Construction Elastomers Market Overview
9.3.2 Asia-Pacific Construction Elastomers Market Forecasts and Analysis
9.3.3 Asia-Pacific Construction Elastomers Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Construction Elastomers Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Construction Elastomers Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Construction Elastomers Market
9.3.5.1.1 Australia Construction Elastomers Market by Type
9.3.5.1.2 Australia Construction Elastomers Market by Application
9.3.5.2 China Construction Elastomers Market
9.3.5.2.1 China Construction Elastomers Market by Type
9.3.5.2.2 China Construction Elastomers Market by Application
9.3.5.3 India Construction Elastomers Market
9.3.5.3.1 India Construction Elastomers Market by Type
9.3.5.3.2 India Construction Elastomers Market by Application
9.3.5.4 Japan Construction Elastomers Market
9.3.5.4.1 Japan Construction Elastomers Market by Type
9.3.5.4.2 Japan Construction Elastomers Market by Application
9.3.5.5 South Korea Construction Elastomers Market
9.3.5.5.1 South Korea Construction Elastomers Market by Type
9.3.5.5.2 South Korea Construction Elastomers Market by Application
9.3.5.6 Rest of Asia-Pacific Construction Elastomers Market
9.3.5.6.1 Rest of Asia-Pacific Construction Elastomers Market by Type
9.3.5.6.2 Rest of Asia-Pacific Construction Elastomers Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Construction Elastomers Market Overview
9.4.2 Middle East and Africa Construction Elastomers Market Forecasts and Analysis
9.4.3 Middle East and Africa Construction Elastomers Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Construction Elastomers Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Construction Elastomers Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Construction Elastomers Market
9.4.5.1.1 South Africa Construction Elastomers Market by Type
9.4.5.1.2 South Africa Construction Elastomers Market by Application
9.4.5.2 Saudi Arabia Construction Elastomers Market
9.4.5.2.1 Saudi Arabia Construction Elastomers Market by Type
9.4.5.2.2 Saudi Arabia Construction Elastomers Market by Application
9.4.5.3 U.A.E Construction Elastomers Market
9.4.5.3.1 U.A.E Construction Elastomers Market by Type
9.4.5.3.2 U.A.E Construction Elastomers Market by Application
9.4.5.4 Rest of Middle East and Africa Construction Elastomers Market
9.4.5.4.1 Rest of Middle East and Africa Construction Elastomers Market by Type
9.4.5.4.2 Rest of Middle East and Africa Construction Elastomers Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Construction Elastomers Market Overview
9.5.2 South and Central America Construction Elastomers Market Forecasts and Analysis
9.5.3 South and Central America Construction Elastomers Market Forecasts and Analysis - By Type
9.5.4 South and Central America Construction Elastomers Market Forecasts and Analysis - By Application
9.5.5 South and Central America Construction Elastomers Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Construction Elastomers Market
9.5.5.1.1 Brazil Construction Elastomers Market by Type
9.5.5.1.2 Brazil Construction Elastomers Market by Application
9.5.5.2 Argentina Construction Elastomers Market
9.5.5.2.1 Argentina Construction Elastomers Market by Type
9.5.5.2.2 Argentina Construction Elastomers Market by Application
9.5.5.3 Rest of South and Central America Construction Elastomers Market
9.5.5.3.1 Rest of South and Central America Construction Elastomers Market by Type
9.5.5.3.2 Rest of South and Central America Construction Elastomers Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. CONSTRUCTION ELASTOMERS MARKET, KEY COMPANY PROFILES
11.1. ARKEMA
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. DOW
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. COVESTRO AG
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. HUNTSMAN INTERNATIONAL LLC.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. TEKNOR APEX
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. THE LUBRIZOL CORPORATION
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. KRATON CORPORATION
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. MITSUBISHI CHEMICAL CORPORATION
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. DUPONT
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. EVONIK
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Arkema
2. Dow
3. Covestro AG
4. Huntsman International LLC.
5. Teknor Apex
6. The Lubrizol Corporation
7. KRATON CORPORATION
8. Mitsubishi Chemical Corporation
9. DuPont
10. Evonik
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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