Global Construction Elastomers Market Report 2022

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Major players in the construction elastomers market are The Dow Chemical Company, Arkema S. A, BASF SE, Covestro AG, Huntsman Corporation, Tosoh Corporation, Evonik Industries AG, Mitsubishi Chemical Company, The Lubrizol Corporation, SIBUR, Teknor Apex Company, Dynasol Elastomers, Kraton Corporation, Asahi Kasei Corporation, Exxon Mobil Corporation and Lanxess Ag.

New York, March 15, 2022 (GLOBE NEWSWIRE) — Reportlinker.com Announces Release of “Construction Elastomers Global Market Report 2022” – https://www.reportlinker.com/p06244987/?utm_source=GNW

The global construction elastomers market is expected to grow from $4.75 billion in 2021 to $5.27 billion in 2022 at a compound annual growth rate (CAGR) of 10.9%. The growth is primarily due to businesses resuming operations and adjusting to the new normal while recovering from the impact of COVID-19, which previously led to restrictive lockdown measures involving social distancing, remote work and the closure of business activities that have resulted in operational challenges. The market is expected to reach $6.89 billion in 2026 with a CAGR of 6.9%.

The construction elastomers market consists of the sale of elastomers by entities (organizations, independent traders and partnerships) which are synthetic polymers with elastic properties used in the construction industry. distances and always return to their original shape.

Elastomers combine the benefits of plastics and rubber, resulting in a new shape that is used in a variety of construction applications. The high impact and tear resistance of construction elastomers is used for roofing sheets and window profiles, building insulation, adhesives, gaskets and door handle gaskets.

The main types of construction elastomers are thermosets and thermoplastics. Thermosets are made of elastomeric materials that do not melt when heated.

Major applications of thermoset elastomers in building and construction include adhesives and sealants, thermal insulation, roofing, flooring, piping, bridge structures, grouting and repair and rehabilitation of civil structures. The different types of chemistry include styrene block copolymers (SBC), thermoplastic polyurethanes (TPU), styrene-butadiene (SBR), ethylene propylene diene monomer (EPDM), natural rubber, acrylic elastomer (ACM), butyl elastomer (IIR), others and is used in various applications such as residential, non-residential civil engineering.

Asia-Pacific was the largest region in the construction elastomers market in 2021. North America was the second largest market in the construction elastomers market.

Regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Rising demand for durable buildings is expected to be a major driver for the construction elastomers market over the forecast period. The goal of sustainable construction is to reduce the environmental impact of industry by implementing sustainable development methods, increasing energy efficiency and adopting green technologies.

Construction elastomers are environmentally friendly, renewable and safe to use for residential and non-residential purposes. For example, according to a survey conducted by the Royal Institution of Chartered Surveyors (RICS) and the World Built Environment Forum in 2021, 55% of respondents said that demand for buildings considered “green” or “sustainable” had increased.

Additionally, Europe has seen the greatest increase in demand, with 69% of respondents reporting higher demand. Even in the Middle East and Africa, where demand growth has been the slowest, 39% of respondents said demand has increased.

This will create a large demand for construction elastomers and thus contribute to the growth of the market.

Increasing investment by key players in R&D of elastomer processing to improve its properties and development of the new product is a major trend in the construction elastomers market. Major companies operating in the construction elastomers market are focusing on investment in research and development to meet customer demand and strengthen their position.

For example, in January 2020, Mallard Creek Polymers, a U.S. producer of styrene acrylic emulsion polymers for the elastomeric roof coatings market launched Rovene 6120, an all-acrylic emulsion polymer for highly durable, adherent elastomeric roof coatings. to ASTM D 6083. In the same year, MCP obtained third party confirmation that Rovene 6120 can be prepared to meet or exceed ASTM D6083, the standard specification for liquid applied acrylic coating used in roofing.

In December 2021, Pexco LLC, a Georgia-based specialty plastics extruder, acquired Performance Elastomers Corporation (PEC) for an undisclosed amount. Through this acquisition, Pexco plans to expand its silicone and thermoplastic elastomer product lines, as well as expand its capabilities to include other high performance polymer solutions, to deliver even more value to their customers. in the mobility, recreational vehicle and truck markets, as well as improving in other businesses where these types of specialized products are needed.

Performance Elastomers Corporation (PEC) is an American company that manufactures construction elastomers.

The countries covered in the Construction Elastomers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK United and the United States.

Read the full report: https://www.reportlinker.com/p06244987/?utm_source=GNW

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