| Product Code: ETC8838449 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Philippines construction elastomers import market in 2024 continued to be dominated by top exporters including South Korea, Singapore, and Taiwan, Province of China. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market landscape. The impressive compound annual growth rate (CAGR) of 29.24% from 2020 to 2024 reflects strong demand in the sector. Moreover, the growth rate of 17.0% from 2023 to 2024 highlights a significant uptick in trade activity, showcasing the resilience and potential of the Philippines construction elastomers import market.

Elastomers are used in various construction applications such as sealants, roofing membranes, and flooring due to their flexibility and durability. In the Philippines, the market is growing in response to urban expansion and the need for resilient infrastructure. Demand for thermoplastic elastomers and silicone-based materials is increasing, especially in green building projects.
Construction elastomers are witnessing growing usage in the Philippines as they provide flexibility and durability in applications like expansion joints, seals, and vibration damping. The market is supported by infrastructure growth and the increasing need for materials that can withstand environmental stresses.
The construction elastomers market faces supply chain disruptions and price volatility for raw materials like polyurethane and silicone. Local manufacturing is limited, so dependency on imports increases exposure to global market fluctuations and tariffs. Lack of technical expertise in proper application leads to performance issues, reducing confidence among end-users. Furthermore, awareness of advanced elastomer benefits in waterproofing, vibration damping, and sealing is relatively low, slowing the transition from traditional materials. Regulatory clarity regarding environmental compliance and product standards is also lacking.
Elastomers improve flexibility and durability in construction applications such as sealants, expansion joints, and coatings. Investments in producing high-performance elastomeric materials suited for tropical climates can capture demand from infrastructure and residential construction sectors. Research into environmentally friendly elastomer formulations can also meet rising sustainability expectations.
Elastomers used in construction are regulated for chemical safety and environmental impact by the DENR. The government mandates compliance with material standards that ensure durability and safety in structural applications. Trade and industrial policies promote the development of local elastomer production to support the construction sector and reduce import reliance.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Construction Elastomers Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Construction Elastomers Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Construction Elastomers Market - Industry Life Cycle |
3.4 Philippines Construction Elastomers Market - Porter's Five Forces |
3.5 Philippines Construction Elastomers Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Philippines Construction Elastomers Market Revenues & Volume Share, By Chemistry, 2021 & 2031F |
3.7 Philippines Construction Elastomers Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Philippines Construction Elastomers Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Construction Elastomers Market Trends |
6 Philippines Construction Elastomers Market, By Types |
6.1 Philippines Construction Elastomers Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Construction Elastomers Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Philippines Construction Elastomers Market Revenues & Volume, By Thermoset, 2021- 2031F |
6.1.4 Philippines Construction Elastomers Market Revenues & Volume, By Thermoplastic, 2021- 2031F |
6.2 Philippines Construction Elastomers Market, By Chemistry |
6.2.1 Overview and Analysis |
6.2.2 Philippines Construction Elastomers Market Revenues & Volume, By Tyrene Block Copolymers (SBC), 2021- 2031F |
6.2.3 Philippines Construction Elastomers Market Revenues & Volume, By Thermoplastic Polyurethanes (TPU), 2021- 2031F |
6.2.4 Philippines Construction Elastomers Market Revenues & Volume, By Styrene-Butadiene (SBR), 2021- 2031F |
6.2.5 Philippines Construction Elastomers Market Revenues & Volume, By Ethylene-Propylene (EPM/EPDM), 2021- 2031F |
6.2.6 Philippines Construction Elastomers Market Revenues & Volume, By Natural Rubber (NR), 2021- 2031F |
6.2.7 Philippines Construction Elastomers Market Revenues & Volume, By Thermoplastic Polyolefin (TPO), 2021- 2031F |
6.3 Philippines Construction Elastomers Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Philippines Construction Elastomers Market Revenues & Volume, By Residential, 2021- 2031F |
6.3.3 Philippines Construction Elastomers Market Revenues & Volume, By Non-Residential, 2021- 2031F |
6.3.4 Philippines Construction Elastomers Market Revenues & Volume, By Civil Engineering, 2021- 2031F |
7 Philippines Construction Elastomers Market Import-Export Trade Statistics |
7.1 Philippines Construction Elastomers Market Export to Major Countries |
7.2 Philippines Construction Elastomers Market Imports from Major Countries |
8 Philippines Construction Elastomers Market Key Performance Indicators |
9 Philippines Construction Elastomers Market - Opportunity Assessment |
9.1 Philippines Construction Elastomers Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Philippines Construction Elastomers Market Opportunity Assessment, By Chemistry, 2021 & 2031F |
9.3 Philippines Construction Elastomers Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Philippines Construction Elastomers Market - Competitive Landscape |
10.1 Philippines Construction Elastomers Market Revenue Share, By Companies, 2024 |
10.2 Philippines Construction Elastomers Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |