Dublin, Jan. 30, 2024 (GLOBE NEWSWIRE) -- The "Construction Elastomers Global Market Report 2024" has been added to ResearchAndMarkets.com's offering.
The global construction elastomers market is experiencing a period of significant growth, driven by a rising demand for sustainable building materials and advancements in elastomer technologies. A comprehensive market research report has been released, analyzing the current trends, growth factors, and market prospects through 2028.
In line with the growing emphasis on sustainability within the construction industry, the report highlights the accelerating adoption of green building practices as a key market driver. The versatile properties of construction elastomers, including their durability, resilience, and energy efficiency, position them as vital components in the development of environmentally conscious and energy-efficient structures.
With a keen focus on industry advancements, the report notes the significant strides made in the integration of smart building technologies and the need for renovating aging infrastructure. As a prominent trend, the adoption of cool roof systems and self-healing elastomers are gaining traction, indicating a wider implication for the construction materials sector.
Asia-Pacific leads the global market, with North America following closely behind, showcasing region-specific developments and opportunities. Such geographic insights pave the way for stakeholders to strategize their market presence effectively.
A key highlight from the report is the forecasted compound annual growth rate (CAGR) of the market, which is projected to surge at an impressive rate from its valuation in 2023 to a substantial climb by 2028. This growth trajectory is reflective of the sector's response to the demand for sturdy yet adaptable materials in various construction applications.
Industry Developments:
- Increased R&D investments by major players aimed at enhancing elastomer properties.
- Strategic acquisitions and product launches by top companies catering to evolving industry need.
Such developments signal a competitive environment where innovation and strategic partnerships define market dynamics. Noteworthy are the technological innovations, including advanced polyurea-based spray coatings, which are set to revolutionize the application of elastomers in construction.
The report thoroughly dissects different market segments based on construction elastomer types, including a diverse range of chemistries that serve residential, non-residential, and civil engineering sectors. It details the competitive landscape, profiling major players that are shaping the construction elastomers industry.
Report Scope
- Markets Covered:
- By Type: Thermoset; Thermoplastic
- By Chemistry: Styrene Block Copolymers (Sbcs); Thermoplastic Polyurethanes (Tpu); Styrene-Butadiene (Sbr); Ethylene Propylene Diene Monomer (Epdm); Natural Rubber; Acrylic Elastomer (Acm); Butyl Elastomer (Iir); Other Chemistry
- By Application: Residential; Non-Residential; Civil Engineering
- Data:
- Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations:
- Country and regional historic and forecast data, market share of competitors, market segments.
Companies Profiled
- 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
For more information about this report visit https://www.researchandmarkets.com/r/20k5zj
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