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Construction Elastomers Market - By Type (Thermoset, Thermoplastic), By Chemistry, By Application (Residential, Non-Residential) & Forecast, 2024 – 2032

  • Report ID: GMI8650
  • Published Date: Mar 2024
  • Report Format: PDF

Construction Elastomers Market Size

Construction Elastomers Market was valued at around USD 5.7 billion in 2023 and is expected to register a CAGR of over 5.9% between 2024 and 2032.

Construction elastomers, a category of specialty polymers, find extensive use in diverse construction contexts due to their durability and strength. They offer desirable attributes such as flexibility, resilience to weather, and ability to absorb impact. EPDM, SBR, and thermoplastic polyurethane are typical examples. Their incorporation is crucial in ensuring enduring performance in sealants, roofing materials, adhesives, and various structural elements. The market for construction elastomers has promising growth potential since there is an increasing need for durable building materials. These elastomers offer flexibility, weather durability, and impact absorption and are used in a variety of applications such as sealants and roofing materials. As a result, their adoption rate rises, resulting in a larger market.

Urbanization patterns and sustainability drives are the primary forces propelling the building elastomers market forward. With a rising emphasis on eco-friendly solutions without compromising performance, more individuals opt for sustainable elastomers. Simultaneously, the rapid urbanization globally fuels infrastructure development, relying on resilient materials like elastomers. These dynamics stimulate the innovation of recyclable and renewable elastomers meeting performance and environmental criteria. Additionally, advancements in construction methodologies like modular buildings and green techniques further boost elastomer demand, contributing to market growth.

The building elastomers market faces two primary challenges such as unpredictable raw material costs and stringent regulatory frameworks. Variations in the prices of crucial inputs like petrochemicals can significantly impact manufacturers profitability and operational expenses. Moreover, navigating complex regulations regarding safety, environmental standards, and certifications incurs additional compliance costs. Failure to effectively address these obstacles may hinder market growth and stability, leading to reduced competitiveness, limited innovation, and lower profitability across the construction elastomers industry.

Construction Elastomers Market Trends

There are a number of noteworthy trends in the market for construction elastomers. Demand for sustainable elastomers is rising as people become more conscious of environmental issues. Furthermore, the development of sophisticated elastomers with greater usefulness and endurance is being fueled by technological advancement. Furthermore, elastomers are being more widely used in contemporary building methods like eco-friendly building practices and modular construction. Furthermore, the need for construction elastomers is being driven by infrastructure developments and worldwide urbanization, particularly in critical applications like adhesives, roofing materials, and sealants.

Construction Elastomers Market Analysis

Construction Elastomers Market Size, By Type, 2021 - 2032 (USD Billion)

Based on the type, the market is segmented into thermoset, and thermoplastics. Thermoset stands out in the construction elastomers industry with a market size of USD 4.1 billion and is expected to reach over USD 6.9 billion by 2032. Thermoset materials play an important role in the construction industry as elastomers because of their exceptional weather resistance, thermal stability, and durability, which make them ideal for a variety of construction applications. Superior performance in sealing, insulation, and structural elements is ensured by their capacity to retain resilience and shape in challenging circumstances. Their outstanding chemical resistance further broadens the range of situations in which they can be used. Thermoset elastomers are in a position to meet the industry's high-performance requirements as the need for long-lasting building materials grows, advancing construction projects all over the world.

Construction Elastomers Market Revenue Share, By Chemistry, (2023)

Based on chemistry, the construction elastomers market can be further segmented into styrene block copolymers (SBC), thermoplastic polyurethane, styrene-butadiene (SBR), ethylene-propylene (EPM/EPDM), natural rubber (NR), thermoplastic polyolefin (TPO), butyl elastomer (IIR), acrylic (ACM) elastomer, thermoplastic vulcanizate (TPV), silicone, others. Styrene block copolymers segment dominates the market with a market share of about 28% and is expected to hold a revenue share of about 30% by 2032. The construction elastomers industry might benefit greatly from the versatile qualities of styrene block copolymers (SBCs), which include adhesion, toughness, and flexibility. They provide resilience in a range of climatic conditions and are used in a variety of applications, including sealants, adhesives, roofing materials, and insulation. In addition, SBCs offer opportunities for innovation, such as environmentally friendly formulas and cutting-edge technology, which makes them essential for meeting the evolving needs of the building sector for premium elastomeric materials.

Based on application, the market can be further classified into residential, non-residential. The residential segment dominated the market with a market size of about USD 3.6 million in 2023 and is anticipated to hold a revenue size of about USD 5.9 million by 2032. Construction elastomers, which are renowned for their flexibility, resilience to weather, and durability, are advantageous in residential applications. They are frequently used to seal seams, windows, and doors in order to stop air and water leaks, enhancing structural integrity and energy efficiency. Elastomers, which provide insulation and waterproofing against inclement weather, are also essential components of roofing materials. Moreover, they improve safety and comfort by offering impact resistance and cushioning in flooring. Additionally, elastomeric adhesives and coatings contribute to the strength and aesthetics of residential surfaces, ultimately enhancing the quality and longevity of residential structures.

Asia Pacific Construction Elastomers Market Size, 2021- 2032 (USD Billion)

Asia Pacific had a significant position in the global construction elastomers market with a market size of USD 1.5 billion in 2023 and is expected to surpass USD 2.2 million by 2032. Rapid urbanization and infrastructural growth in Asia-Pacific have a significant impact on construction elastomers. In the domestic, commercial, and industrial domains, they are frequently used in sealants, adhesives, roofing, and insulation. Growing building projects in countries like China, India, and Southeast Asia are driving up demand for durable elastomeric materials. In addition, the market is moving toward eco-friendly elastomers due to advancements in technology and growing environmental concern. All things considered, the Asia-Pacific area has many opportunities for innovation and progress in the building elastomers industry.

Construction Elastomers Market Share

Construction Elastomers Market Company Share, (2023)

The key market players include Bridgestone Corporation, BASF SE, Continental AG, Dow Inc., ExxonMobil Chemical, Lanxess AG, Michelin Group, Sumitomo Chemical Co., Ltd., Synthos S.A., The Goodyear Tire & Rubber Company, Trelleborg AB, Zeon Corporation.


Construction elastomers companies use a variety of strategies, including as product innovation, geographic expansion, and strategic partner formation, to stay competitive. They focus on enhancing the properties of elastomers, such as their resilience to weather, sturdiness, and environmental friendliness. Additionally, they enter emerging markets by joint ventures or acquisitions, concentrating on areas with strong building industries. They also use powerful marketing techniques to emphasize the benefits of elastomers in the building industry. Moreover, they prioritize client engagement and customized solution delivery to strengthen bonds and expand their market share.

Dow Inc. focuses on product innovation, launching elastomers with enhanced functionality and environmentally beneficial features. ExxonMobil Chemical places a high priority on entering new markets with the goal of being a global leader in the building industry. By using complementary skills and resources, Lanxess AG seeks to strengthen its position and product offering in the building elastomers sector through the formation of strategic alliances and business acquisitions.

Construction Elastomers Market Companies

Major players operating in the market include:

  • Bridgestone Corporation
  • Continental AG
  • Dow Inc.
  • ExxonMobil Chemical
  • Lanxess AG
  • Michelin Group
  • Nizhnekamskneftekhim
  • Sumitomo Chemical Co., Ltd.
  • Synthos S.A.
  • The Goodyear Tire & Rubber Company
  • Trelleborg AB
  • Zeon Corporation.

Construction Elastomers Industry News

  • In January 2020, Arkema SA completed the acquisition of LIP Bygningsartikler AS (Denmark), a leading Danish provider of tile adhesives, waterproofing systems, and floor preparation solutions. This acquisition aligns with Arkema's strategy to expand its adhesives business continuously.
  • in January 2020, BASF acquired Solvay's global non-European PA6.6 business, including its 50% share in Butachimie's adipodinitrile (ADN) production, for USD 1.53 billion. This move aims to enhance BASF's polyamide capabilities by integrating innovative products like Techny into its portfolio.

The construction elastomers market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue and volume (USD Billion) (Kilo Tons) from 2018 to 2032, for the following segments:

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Market, By Type

  • Thermoset
  • Thermoplastic

Market, By Chemistry

  • Styrene block copolymers (SBC)
  • Thermoplastic polyurethane
  • Styrene-butadiene (SBR)
  • Ethylene-propylene (EPM/EPDM)
  • Natural Rubber (NR)
  • Thermoplastic polyolefin (TPO)
  • Butyl Elastomer (IIR)
  • Acrylic (ACM) Elastomer
  • Thermoplastic vulcanizate (TPV)
  • Silicone
  • Others

Market, By Application

  • Residential
  • Non-Residential

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada 
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • MEA
    • Saudi Arabia
    • UAE
    • South Africa
    • Rest of MEA


Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Global market for construction elastomers was valued at around USD 5.7 billion in 2023 and is expected to reach a value of USD 9.6 billion by 2032, driven by the product’s properties like flexibility, resilience to weather, and ability to absorb impact.

Thermoset construction elastomers market accounted for USD 4.1 billion and is expected to reach about USD 6.9 billion in 2032, due to weather resistance, thermal stability, and durability of the material.

Asia Pacific market was assessed at USD 1.5 billion in 2023 and is expected to be worth USD 2.2 million by 2032, attributed to rapid urbanization and infrastructure, alongside shift toward eco-friendly elastomers due to advancements in technology and growing environmental concern.

Bridgestone Corporation, BASF SE, Continental AG, Dow Inc., ExxonMobil Chemical, Lanxess AG, Michelin Group, Nizhnekamskneftekhim, Sumitomo Chemical Co., Ltd., Synthos S.A., The Goodyear Tire & Rubber Company, and Trelleborg AB.

Construction Elastomers Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 12
  • Tables & Figures: 530
  • Countries covered: 21
  • Pages: 350
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