According to the recent research report titled ‘Global Construction Elastomers Market Size study, by Type (Thermoset, Thermoplastic), by Chemistry (Styrene block copolymers, Thermoplastic polyurethanes, Styrene-butadiene, Ethylene-propylene, Natural Rubber, Thermoplastic polyolefin, Butyl Elastomer, Acrylic Elastomer, Thermoplastic vulcanizate, Silicone Elastomer, Others), by Application (Residential, Non-residential, Civil Engineering), and Regional Forecasts 2021-2027’, available with MarketStudyReport, global construction elastomers market garnered a valuation of USD 4.8 billion in 2020, and is expected to record 5.8% CAGR over 2021-2027, subsequently amassing USD 7.1 billion by the end of the forecast period.
 

Rising advancements in thermoplastic (TPE) processing sector and growing construction activities are key factors driving global construction elastomers market growth.
 

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According to Statista, total construction investment is anticipated to rise from USD 9.5 trillion in 2014 to USD 19.2 trillion in 2035. Therefore, increasing investments towards infrastructural development across the globe is likely to boost demand for and adoption of construction elastomers.
 

For the unversed, elastomers are synthetic polymers with elastic properties that are made from polymers combined by chemical bonds and have a crosslinked structure. Construction elastomers are primarily utilized in construction applications.
 

Growing demand for biobased elastomers will act as lucrative prospect for the industry progression. On the contrary, high cost of construction elastomers compared to that of traditional materials is anticipated to hamper the remuneration scope of the industry over the study period.
 

Based on type, worldwide construction elastomers industry is split into thermoplastic and thermoset. As per chemistry gamut, the industry segmentation is comprised of silicone (Q) elastomer, thermoplastic vulcanizate (TPV), acrylic (ACM) elastomer, butyl elastomer (IIR), thermoplastic polyolefin (TPO), natural rubber (NR), ethylene-propylene (EPM/EPDM), styrene-butadiene (SBR), thermoplastic polyurethanes (TPU), styrene block copolymers (SBC), and others.
 

With respect to application spectrum, the market is divided into civil engineering, non-residential, and residential.
 

Elaborating on regional landscape, the key regions covered for the regional assessment of the overall industry are Latin America, Europe, North America, and Asia Pacific. Of these, Asia Pacific presently holds considerable market share, creditable to rising investment by major players in construction elastomers, flourishing construction industry, and recovery of residential construction in economies like India, China, etc.
 

Leading organizations in global construction elastomers market sphere are Dupont de Nemours Inc., Lubrizol Corporation, Mitsubishi Chemical Corporation, Exxon Mobil Corporation, Kraton Corporation, Huntsman Corporation, Covestro AG, Arkema S.A., The Dow Chemical Company (TDCC), and BASF SE.