According to a market research report, the “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.
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214 Market data Tables
228 Pages and in-depth TOC on “Construction Elastomers Market – Global Forecast to 2026”
This report also provides a comprehensive analysis of the companies listed below:
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).
Merger & acquisitions, investments & expansions, partnerships & collaborations, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the Construction Elastomers Market.
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Arkema is involved in the manufacturing and sales of several chemical products that find applications in consumer goods, paint & coatings, building & construction, and other industries. The company operates business through four segments: adhesive solutions, advanced materials, coating solutions, and intermediates. The company offers construction elastomers under the advanced materials division. Arkema has 144 production facilities and presence across 55 countries.
BASF SE is chemical conglomerate and has a strong presence across the globe. The company supplies its products through 11 divisions, which are grouped into six segments: chemical, materials, industrial solutions, surface technologies, nutrition & care, and agriculture solutions. The company has a broad portfolio comprising 75 strategic business units. It produces construction elastomers under the performance material division, within the materials segment. The company operates 6 Verbund sites and 241 production sites across 90 countries. The Verbund concept allows the company to fully integrate the production process, technology, distribution channel, and recently the digital channel; to create efficient value chains that help in saving raw material cost, improve product yield, minimize emission, and lower logistic costs.
The construction elastomer market in 2020 declined by -0.05%, in terms of volume, compared to 2019 due to the COVID-19 pandemic. Import and export of elastomer decline due to government restriction and decline in the demand. The construction activities was halted due to disruption in the supply chain. With the declining construction activities, the demand for construction elastomers also decreased.
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