건설용 엘라스토머 시장 보고서 : 동향, 예측, 경쟁 분석(-2031년)

The future of the global construction elastomer market looks promising with opportunities in the residential and non-residential markets. The global construction elastomer market is expected to grow with a CAGR of 6.4% from 2025 to 2031. The major drivers for this market are the rising demand for durable & flexible construction materials and the growing focus on energy-efficient construction.

• Lucintel forecasts that, within the type category, thermoplastic plastic is expected to witness higher growth over the forecast period.
• Within the application category, non-residential is expected to witness higher growth.
• In terms of region, APAC is expected to witness the highest growth over the forecast period.

Emerging Trends in the Construction Elastomer Market

The construction elastomer market is transforming due to the increasing need for sustainable materials, advances in technology, and shifting industry demands. The trends are remodeling the market's future and impacting the creation of new elastomer products. The following are the emerging trends that will likely exert a strong influence on the construction elastomer market.

• Sustainability and Eco-Friendly Products: Sustainability is a key trend in the construction elastomer industry. As environmental issues grow, manufacturers are concentrating on creating elastomers from recyclable and bio-sourced raw materials. This is fueled by the necessity to minimize the ecological footprint of construction materials and adhere to strict regulations. Sustainable elastomers are also becoming increasingly popular because they come with energy-saving features like enhanced insulation properties that lead to energy-efficient buildings. The market is witnessing an increase in products that balance performance and sustainability, and therefore eco-friendly elastomers are a rapidly expanding section of the construction market.
• Intelligent and High-Performance Elastomers: With the construction market requiring higher-performance materials, research and development of smart elastomers is in full growth. Such elastomers are designed to change their properties in response to varying environment conditions like temperature and humidity, improving their performance. Elastomers in roofing or sealants, for instance, can have self-healing capabilities to ensure durability and lower maintenance cost. Such advanced materials are being incorporated into constructions and infrastructures to ensure low-maintenance, durable solutions, hence becoming a prominent trend in the construction elastomer market.
• Utilization of Digitalization and Automation: The use of digitalization and automation is becoming more prevalent in the construction business, and manufacturers of elastomers are not far behind. Digital technologies are also applied to product design, testing, and production, allowing for more accurate and efficient manufacturing processes. Automation provides faster cycles of production, decreasing expenses and boosting output. Digital tools are also being utilized to improve the understanding of elastomer material performance in actual applications, creating more optimized and trusted products. This has resulted in easier production of elastomers and easier accessibility with minimal cost in a construction project.
• Energy Efficient Building Materials: Energy-efficient building materials are emerging as the growing trend in building constructions, due to which superior thermal and acoustic insulation elastomers are being widely used. Energy efficiency is attained by the elastomers used as roofing, flooring, and wall coverings for buildings. These products lower the cost of heating and cooling through enhanced insulation and hence form a vital component of green building designs. With increased emphasis on energy efficiency in the construction sector, elastomers with performance as well as sustainability features are likely to witness greater demands in residential, commercial, as well as industrial applications.
• Prefabricated Construction Growth: Prefabrication is gaining wide acceptance as a cost-effective way of constructing buildings with reduced building times. Elastomers are a key component in the prefabrication process, particularly in pre-assembled and modular components. Elastomers are utilized for waterproofing, insulation, and sealing in pre-fabricated panels, doors, windows, and other buildings. The growth of prefabricated construction, especially in regions with high demand for low-cost housing, is a huge opportunity for elastomer producers. The materials are responsible for the speed, strength, and overall performance of prefabricated buildings.

Trends in the construction elastomer market are emerging with a focus on sustainability, performance, and technology. With the growing demand for energy-efficient, high-performance, and environmentally friendly materials, elastomers are transforming to cater to these demands. These trends are transforming the market and providing new opportunities for manufacturers and construction firms alike.

Recent Developments in the Construction Elastomer Market

The construction elastomer industry has witnessed several key developments that demonstrate the industry's quest for innovation, performance, and sustainability. These developments are defining the market and opening up new avenues for growth. Here are five key developments that have influenced the construction elastomer industry significantly.

• Development of Bio-Based Elastomers: One of the most notable developments in the construction elastomer industry is the development of bio-based elastomers. These materials are obtained from renewable sources like plants and natural rubber and provide a more sustainable option compared to conventional petroleum-based elastomers. Bio-based elastomers are becoming increasingly popular for use in applications like sealants, adhesives, and coatings since they contribute to decreasing the carbon footprint of building construction. This innovation is in line with increasing environmental consciousness and the need for environmentally friendly materials in the construction sector.
• Elastomeric Coatings and Sealants Innovation: Innovation in elastomeric coatings and sealants has significantly influenced the market for construction elastomers. Elastomeric coatings and sealants provide enhanced protection from weathering, UV degradation, and moisture penetration, which makes them suitable for use in roofing, walls, and facades. Advances in this category have resulted in the production of more resilient and longer-lasting materials, which lower building maintenance costs. More flexible and adhesive elastomeric coatings and sealants are gaining popularity in energy-efficient construction and in protection-intensive projects.
• Increase in Green Building Certifications: Growing use of green building certifications like LEED (Leadership in Energy and Environmental Design) has fueled demand for green elastomers. Builders and developers increasingly demand materials that save energy, promote sustainability, and reduce environmental footprints. Green building-qualified elastomers are now applied in various applications in construction, such as insulation, waterproofing, and sealing. This is assisting in positioning elastomers as a significant material for environmentally friendly construction.
• Elastomer Manufacturing Technological Advances: Advances in elastomer manufacturing technologies have facilitated the creation of cost-efficient, high-performance materials. New manufacturing methods, including 3D printing and automation, have enhanced product quality and uniformity and lowered the cost of production. These innovations have opened up elastomers to a broader variety of construction projects, both residential and commercial. The capacity to create elastomers with specific properties has also contributed to their expanded use in niche applications like earthquake-resistant buildings and energy-efficient structures.
• Emphasis on Waterproofing and Durability: Waterproofing and durability are primary issues in the building sector, and advances in elastomer technology have met these requirements. Elastomers with increased waterproofing characteristics are employed in foundations, basements, roofs, and other major sections of construction. They provide better resistance against water penetration, mold, and moisture-induced degradation, providing long-term building durability. The emphasis on durability and water resistance has fueled the need for high-performing elastomers in building construction activities in different environments and climates.

The advancements in the market for construction elastomers over recent times have resulted in more sustainable, long-lasting, and high-performance products. With bio-based elastomers to innovation, these new developments are revolutionizing the market, making elastomers a critical piece in today's building construction activities.

Strategic Growth Opportunities in the Construction Elastomer Market

The construction elastomer market offers various growth opportunities due to technological advancements, rising demand for green building materials, and rising infrastructure developments. These opportunities cut across several construction applications, enabling elastomer producers to increase their product range and penetrate new markets. Some of the five most important growth opportunities in the construction elastomer market are highlighted below.

• Sustainable Elastomers for Green Building Projects: Sustainable elastomers represent an emerging opportunity in the building sector, fueled by the need for green building materials. Elastomers produced from renewable, recyclable, or biodegradable sources are increasingly popular in green building applications, especially in roofing, flooring, and insulation. These products enable builders to comply with environmental regulations and green building certification requirements, making them more appealing in energy-efficient building. With the continued expansion of green building practices, manufacturers can bank on the opportunities presented by environmentally friendly elastomers in the construction industry.
• Expansion of Modular and Prefabricated Construction: The growth of prefabricated and modular construction offers a major growth prospect for elastomers. The materials are needed to seal, waterproof, and insulate pre-assembled building elements, and therefore are a vital component of the prefabrication process. As the need for quicker, more cost-effective construction grows, elastomers will have a key role in increasing the durability and performance of modular buildings. This trend is likely to generate major opportunities for elastomer producers as the prefabrication market grows.
• Elastomers in Waterproofing Applications: Waterproofing is a vital consideration in contemporary building, and elastomers are also gaining prominence for use in maximizing water resistance of buildings. Enhanced elastomers for better waterproofing are necessary for applications in foundations, basements, roofs, and facades. As demands for long-term, long-lasting waterproofing are on the rise, demand for high-performance elastomers is projected to increase. Producers can ride on the wave by designing elastomer products with greater waterproofing while keeping them flexible and long-lasting.
• Energy-Efficient Building Materials: High-thermal-insulation elastomers are in demand as the trend focuses more on energy-efficient construction. These elastomers are utilized in applications like insulation, roofing, and windows to minimize energy use in buildings. As energy-efficient buildings become more in demand, manufacturers of elastomers can take advantage of the opportunity to create products that enable greater insulation performance. This trend is expected to propel the development of elastomers with enhanced thermal insulation properties, rendering them a priority material in the green building movement.
• Technological Advances in Elastomer Production: Advances in elastomer production processes are opening up new opportunities for the construction industry to grow. The use of digital technologies, automation, and 3D printing is making it possible to produce elastomers with specific properties and improved performance. These advances are lowering production costs while improving the quality and consistency of the product. The manufacturing companies can utilize these technological improvements to capitalize on the increasing demand for tailor-made elastomers and increase their market share in both residential and commercial building projects.

The construction elastomer industry is experiencing remarkable growth prospects due to sustainable construction practices, innovation, and changing construction trends. By leveraging these opportunities, producers can diversify their product range and address increasing demand for high-performance elastomers in the construction sector.

Construction Elastomer Market Driver and Challenges

The construction elastomer market is affected by numerous technological, economic, and regulatory drivers. The key drivers are improvements in material technology, growing demand for sustainable building options, and increased emphasis on energy-efficient construction. Challenges like raw material prices, environmental laws, and competition from other materials still dominate the market. An awareness of the interplay between drivers and challenges is vital for stakeholders to make sound choices and take advantage of growth prospects in the construction elastomer market.

The factors responsible for driving the construction elastomer market include:

1. Technological Innovation in Elastomer Production: Technological advances in elastomer production greatly affect the market by allowing high-performance, affordable materials to be produced. Automation, digitalization, and new manufacturing technologies enable more accurate and cost-effective production with lower costs and better product uniformity. Further, technologies like 3D printing are facilitating elastomer manufacturers to address the increasing demand for customized materials. These technologies enable the creation of elastomers with improved properties such as improved durability, weatherability, and insulation, all of which enhance their attractiveness in building applications, especially in energy-efficient and green buildings.

2. Need for Sustainable and Eco-Friendly Materials: With growing environmental issues, sustainable construction materials such as elastomers from renewable or recyclable resources are in high demand. Green building codes, like LEED certifications, are encouraging the use of eco-friendly materials in the construction sector. Elastomers from bio-based or recycled materials are part of sustainability initiatives with enhanced performance without compromising on values related to the environment. This driver is likely to keep on expanding as the building sector makes its way towards the reduction of its carbon footprint and compliance with very strict environmental laws, boosting demand for sustainable elastomers.

3. Increase in Energy-Efficient Building: Increased emphasis on energy-efficient buildings is prompting the demand for elastomers with better thermal and acoustic insulation. Elastomers find application in various building uses, including roofing, flooring, and window seals, to enhance energy efficiency. Elastomers are used to decrease heating and cooling expenses by being more insulating. With the focus on energy-efficient construction becoming a priority for both residential and commercial buildings, elastomers that help save energy are likely to witness growing demand. This is in line with international initiatives to fight climate change and minimize energy use in buildings.

4. Urbanization and Infrastructure Development: Urbanization, especially in developing economies such as China and India, has contributed to increased infrastructure development, fueling the use of elastomers in the construction sector. With cities growing and new infrastructure developments arising, elastomers are needed for their adaptability, resilience, and performance across different applications. Elastomers are employed to waterproof, insulate, and seal, all critical to the longevity and functionality of contemporary infrastructure. Urbanization and infrastructure development will continue to drive demand for construction elastomers, especially in high-growth areas.

5. Government Regulations and Incentives for Sustainable Building: Governments across the globe are adopting stricter regulations and providing incentives to promote the adoption of sustainable building materials. Energy-efficient and green building codes and regulations are significantly impacting the elastomer market. Governments are also encouraging the use of green materials by offering incentives like tax rebates and grants. These regulatory drivers are encouraging builders and manufacturers to use elastomers that are environmentally friendly and energy efficient. As regulatory pressure continues to build, elastomer producers will find ways to develop creative solutions that address these demands.

Challenges in the construction elastomer market are:

1. High Raw Material Prices: One of the biggest challenges for the construction elastomer market is the increasing raw material price. Prices of some of the primary raw materials, including synthetic rubber, have been fluctuating based on supply chain issues and high demand. Increased raw material prices translate to increased costs of production, which can affect the general cost of elastomer products. These costs can further be transferred to the consumers, further limiting small and medium enterprises in the construction industry from being able to pay for these materials. Consequently, manufacturers are seeking new raw materials and cost-saving means of production in order to overcome this limitation.

2. Environmental and Regulatory Compliance: The construction elastomer market faces ongoing challenges related to environmental regulations. These regulations focus on reducing the environmental impact of materials used in construction, including elastomers. As a result, manufacturers must ensure that their products comply with stringent environmental standards, such as those related to carbon emissions, waste management, and recyclability. Adhering to these regulations often requires significant investment in research and development and may increase production costs. While regulations spur the use of environmentally friendly elastomers, they also present challenges for companies that need to balance compliance with profitability.

3. Competition from Alternative Materials: Elastomers have competition from other materials that can provide similar performance attributes at potentially lower cost. For example, compounds like thermoplastic elastomers (TPEs) and polyurethane are becoming more popular as alternatives to conventional elastomers because they can be shaped into various forms and withstand weathering. Growing demand for substitute materials, together with the construction industry's push for lower-cost solutions, challenges elastomer makers. In order to stay competitive, manufacturers have to keep innovating and enhancing the performance of their elastomer materials and also cater to the cost expectations of consumers.

Drivers and limitations in the construction elastomer market are diverse. Drivers include technological advancements, environmental trends, and a growing need for energy-efficient construction. Barriers to growth are high raw material prices, environmental regulations, and competition from substitute products. To be successful in such a dynamic market, the elastomer makers will need to emphasize innovation, cost-effectiveness, and answering the growing demand for sustainable, high-performance materials. These combined define the future of the market and create opportunities and challenges for construction industry stakeholders.

List of Construction Elastomer Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies construction elastomer companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the construction elastomer companies profiled in this report include-

• BASF
• Covestro
• Dow Chemicals
• Teknor Apex
• Lubrizol
• China Petroleum and Chemical Corporation
• Kraton Corporation
• Mitsubishi Chemical
• DuPont
• Evonik Industries

Construction Elastomer Market by Segment

The study includes a forecast for the global construction elastomer market by type, application, and region.

Construction Elastomer Market by Type [Value from 2019 to 2031]:

• Thermo Plastic
• Thermoset Plastic

Construction Elastomer Market by Application [Value from 2019 to 2031]:

• Residential
• Non-Residential

Construction Elastomer Market by Region [Value from 2019 to 2031]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

Country Wise Outlook for the Construction Elastomer Market

The construction elastomer industry has witnessed growth, with higher demands for new age materials within the construction sector. Elastomers are highly applicable for their malleability, longevity, and resistance to wear and tear caused by weather. They are a perfect choice for many applications within the construction segment including sealants, roofing, flooring, and waterproofing. Technological advancements, increasing infrastructure activities, and sustainability needs have all helped to boost the market. This part discusses recent trends in the United States construction elastomer market, China construction elastomer market, German construction elastomer market, Indian construction elastomer market, and Japanese construction elastomer market based on the dominant factors influencing each country's industry.

• United States: The U.S. construction elastomer market has seen tremendous growth over the years due to rising infrastructure development and innovations in elastomeric materials. There has been growing demand for elastomers with high performance in roofing, flooring, and sealants applications where resistance to weather and durability are paramount. Emerging sustainable elastomeric products such as recycled and bio-based materials are becoming popular. There has also been a drive towards energy-efficient buildings, leading to the use of elastomers with insulation properties. The American market is also driven by government policies supporting green building norms, thus increasing the demand for green construction elastomers.
• China: China has emerged as a major player in the construction elastomer market, due to rapid urbanization as well as massive infrastructure activities. Demand for elastomers to be used in construction processes like adhesives, sealants, and coatings has increased dramatically. In efforts to enhance the durability and energy efficiency of buildings, Chinese producers are creating high-end elastomer products that are internationally compliant. The Chinese government's focus on sustainable development and efficient energy use in construction is also encouraging the adoption of green elastomers. Additionally, the greater emphasis by the country on urbanization and high-quality residential and commercial properties drives elastomer demand in construction even further.
• Germany: Germany is among the most prominent markets for construction elastomers in Europe due to technological advancement and strict environmental policies. The high focus on sustainability in the country has contributed to the innovation of green elastomers that find applications in numerous construction uses including insulation, flooring, and waterproofing. Energy-efficient construction is fueling the development of elastomers with high thermal and acoustic insulation. Also, Germany's strong construction industry, which is based on green building specifications, has prompted rising adoption of high-tech elastomeric products that decrease energy use and enhance building performance.
• India: India's market for construction elastomers has experienced consistent growth, driven by the nation's urbanization and infrastructure expansion. The market for elastomers in end-use applications such as sealants, coatings, and waterproofing has been increasing as a result of the increased requirement for long-lasting, weather-resistant materials in construction activities. Furthermore, the initiative by the Indian government towards the development of low-cost housing and smart cities has also driven up the demand for high-performance elastomers. Indian producers are working towards the production of cost-efficient elastomeric products for residential as well as commercial construction activities. With increasing environmental consciousness, there is also a move towards the usage of sustainable elastomers in the construction industry.
• Japan: Japan's construction elastomer market is highly technologically innovative and possesses advanced material. The nation has a reputation for precision and quality within the construction sector that has contributed to the evolution of high-performance elastomers utilized across applications like waterproofing, sealants, and insulation. With Japan's emphasis on disaster-resilient infrastructure, elastomers are key to offering flexible and long-lasting solutions for earthquake-prone regions. In addition, Japan's dedication to sustainability has encouraged the innovation of environmentally friendly elastomer products that adhere to high environmental standards, fueling the growth of the market.

Features of the Global Construction Elastomer Market

Market Size Estimates: Construction elastomer market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2019 to 2024) and forecast (2025 to 2031) by various segments and regions.

Segmentation Analysis: Construction elastomer market size by type, application, and region in terms of value ($B).

Regional Analysis: Construction elastomer market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different type, application, and regions for the construction elastomer market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the construction elastomer market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the construction elastomer market by type (thermo plastic and thermoset plastic), application (residential and non-residential), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

Table of Contents

1. Executive Summary

2. Global Construction Elastomer Market : Market Dynamics

• 2.1: Introduction, Background, and Classifications
• 2.2: Supply Chain
• 2.3: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2019 to 2031

• 3.1. Macroeconomic Trends (2019-2024) and Forecast (2025-2031)
• 3.2. Global Construction Elastomer Market Trends (2019-2024) and Forecast (2025-2031)
• 3.3: Global Construction Elastomer Market by Type
  • 3.3.1: Thermo Plastic
  • 3.3.2: Thermoset Plastic
• 3.4: Global Construction Elastomer Market by Application
  • 3.4.1: Residential
  • 3.4.2: Non-Residential

4. Market Trends and Forecast Analysis by Region from 2019 to 2031

• 4.1: Global Construction Elastomer Market by Region
• 4.2: North American Construction Elastomer Market
  • 4.2.1: North American Market by Type: Thermo Plastic and Thermoset Plastic
  • 4.2.2: North American Market by Application: Residential and Non-Residential
• 4.3: European Construction Elastomer Market
  • 4.3.1: European Market by Type: Thermo Plastic and Thermoset Plastic
  • 4.3.2: European Market by Application: Residential and Non-Residential
• 4.4: APAC Construction Elastomer Market
  • 4.4.1: APAC Market by Type: Thermo Plastic and Thermoset Plastic
  • 4.4.2: APAC Market by Application: Residential and Non-Residential
• 4.5: ROW Construction Elastomer Market
  • 4.5.1: ROW Market by Type: Thermo Plastic and Thermoset Plastic
  • 4.5.2: ROW Market by Application: Residential and Non-Residential

5. Competitor Analysis

• 5.1: Product Portfolio Analysis
• 5.2: Operational Integration
• 5.3: Porter's Five Forces Analysis

6. Growth Opportunities and Strategic Analysis

• 6.1: Growth Opportunity Analysis
  • 6.1.1: Growth Opportunities for the Global Construction Elastomer Market by Type
  • 6.1.2: Growth Opportunities for the Global Construction Elastomer Market by Application
  • 6.1.3: Growth Opportunities for the Global Construction Elastomer Market by Region
• 6.2: Emerging Trends in the Global Construction Elastomer Market
• 6.3: Strategic Analysis
  • 6.3.1: New Product Development
  • 6.3.2: Capacity Expansion of the Global Construction Elastomer Market
  • 6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Construction Elastomer Market
  • 6.3.4: Certification and Licensing

7. Company Profiles of Leading Players

• 7.1: BASF
• 7.2: Covestro
• 7.3: Dow Chemicals
• 7.4: Teknor Apex
• 7.5: Lubrizol
• 7.6: China Petroleum and Chemical Corporation
• 7.7: Kraton Corporation
• 7.8: Mitsubishi Chemical
• 7.9: DuPont
• 7.10: Evonik Industries