Sealers Market

Transparency Market
Research
Sealers Market - North America Industry Analysis, Size,
Share, Growth, Trends, and Forecast 2016 - 2024
Published Date
30-Aug-2016
99 Page Report
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Press Release
Demand for Sealers in North America to Cross 570 Kilo Tons
by 2024 despite Government Bans and Restrictions, predicts
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Sealers Market
REPORT DESCRIPTION
Sealers Market - North America Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 2024
The sealers market in North America is characterized by the presence of a large number of players and a
fragmented competitive landscape. Transparency Market Research has noted that some of the top companies
in this market have been depending on high product differentiation and extensive research and development to
expand their businesses and maintain their share in the North America sealers market.
“New players are focused on the development of bio-based and acrylic sealers, while existing players are
engaged in the development of next-gen, highly efficient, and inexpensive sealers,” the author of the study
observes. Companies have also been focusing on expanding their businesses through strategic mergers and
acquisitions. GuardTop, for instance, acquired Rockmart of Blacklidge Emulsion Inc. in January 2015 to
expand its footprint in Southeast America. The company now has access to the emerging markets of Alabama,
Georgia, Mississippi, Florida, Tennessee, and the Carolinas.
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The opportunity in the sealers market in North America stood at US$405.7 mn in 2015 and is estimated to be
worth US$609.3 mn by 2024, registering a 4.7% CAGR from 2016 to 2024. The demand, on the other hand, is
projected to reach 572.9 kilo tons by the end of the forecast period.
U.S. Emerges as Leading Market for Sealers in North America
Accounting for a share of over 86% in 2015, the U.S. was the leading country-wise market for sealers in the
region. In terms of revenue, the sealers market in the U.S. is projected to expand at a 4.9% CAGR from 2016
to 2024.
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On the basis of application, sealers are largely used in driveways and parking lots. Based on product, bitumen
and asphalt held the leading share of over 43% at the start of the forecast period. Although coal tar will
continue to hold a significant share in the overall sealers market, its demand is projected to decrease over the
coming years with recent bans on its usage in several states in the U.S.
Increase in Vehicle Footprint Spurs Demand for Sealers
Sealers are extensively used in driveways and parking lots as offer a host of advantages, including lower fuel
and water infiltration, added aesthetics, and improved lifecycle of the paved material. “The growth of the
sealers market in North America is primarily dependent on the growth of the automotive industry,” the lead
analyst states. “The rising presence of vehicles in the region has warranted the demand for parking lots,
driveways, and garages, thereby driving the demand for sealers.”
The demand is likely to witness a consistent rise over the years with the need to maintain the superior
performance and appearance of such construction projects.
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On the other hand, the sealers market in North America is projected to be hampered by the ban on coal tar
sealers in several states across the U.S. Coal tar sealers are one of the leading and most potent sources of
polycyclic aromatic hydrocarbons (PAH), the presence of which is known to harm living organisms in the
vicinity. As a result, several organizations in the region have banned their usage in many applications. The
decreasing consumption of coal tar sealers is thus adversely impacting the market in North America.
This review is based on the findings of a TMR report titled “Sealers Market: North America Industry
Analysis, Size, Share, Growth, Trends, and Forecast 2016-2024.”
North America Sealers Market, by Product
•
Coal Tar
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Sealers Market
•
Acrylic
•
Bitumen & Asphalt
•
Others (Including polyurethanes, silicone, epoxy based sealers)
North America Sealers Market, by Application
•
Pavement & Blocks
•
Driveway & Parking Lots
•
Other (Including airport, sports track, etc.)
North America Sealer Market, by Country
•
U.S.
•
Canada
•
Mexico
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TABLE OF CONTENT
1. Preface
1.1. Report Description
1.2. Market Segmentation
1.3. Report Scope
1.4. Assumptions
1.5. Research Methodology
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2. Executive Summary
2.1. North America Sealer Market, (Kilo Tons) (US$ Mn), 2015–2024
2.2. North America Sealer Market: Snapshot
3. North America Sealer Market – Industry Analysis
3.1. Introduction
3.2. Value Chain Analysis
3.3. Market Drivers
3.3.1. Increasing Number of Vehicles to boost demand for Driveways and Parking lot Sealers
3.4. Restraints
3.4.1. Ban on Coal Tar Sealers
3.5. Opportunity
3.5.1. Soybean-based biodegradable Sealers offer environmentally feasible product lines
3.6. Porter’s Five Forces Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of New Entrants
3.6.4. Threat of Substitutes
3.6.5. Degree of Competition
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4. North America Sealer Market Attractiveness, by Application, 2015
5. Future Market Trends
6. Technology Analysis
7. Price Trend Analysis
7.1. North America Sealer Price Trend, 2015–2024 (US$/Ton)
8. North America Sealer Market – Product Segment Analysis
8.1. North America Sealer Market: Product Segment Overview
8.2. North America Sealer Market for Coal Tar (Kilo Tons) (US$ Mn), 2015–2024
8.3. North America Sealer Market for Acrylic (Kilo Tons) (US$ Mn), 2015–2024
8.4. North America Sealer Market for Bitumen & Asphalt (Kilo Tons) (US$ Mn), 2015–2024
8.5. North America Sealer Market for Others (Kilo Tons) (US$ Mn), 2015–2024
9. North America Sealer Market – Application Analysis
9.1. North America Sealer Market: Application Overview
9.2. North America Sealer Market for Pavements & Blocks (Kilo Tons) (US$ Mn), 2015–2024
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9.3. North America Sealer Market for Driveways & Parking Lots (Kilo Tons) (US$ Mn), 2015–2024
9.4. North America Sealer Market for Others (Kilo Tons) (US$ Mn), 2015–2024
10. North America Sealer Market - Regional Analysis
10.1. U.S. Sealer Market, by Product (Kilo Tons), 2015–2024
10.2. U.S. Sealer Market, by Product (US$ Mn), 2015–2024
10.3. U.S. Sealer Market, by Application (Kilo Tons), 2015–2024
10.4. U.S. Sealer Market, by Application (US$ Mn), 2015–2024
10.5. Canada Sealer Market, by Product (Kilo Tons), 2015–2024
10.6. Canada Sealer Market, by Product (US$ Mn), 2015–2024
10.7. Canada Sealer Market, by Application (Kilo Tons), 2015–2024
10.8. Canada Sealer Market, by Application (US$ Mn), 2015–2024
10.9. Mexico Sealer Market, by Product (Kilo Tons), 2015–2024
10.10. Mexico Sealer Market, by Product (US$ Mn), 2015–2024
10.11. Mexico Sealer Market, by Application (Kilo Tons), 2015–2024
10.12. Mexico Sealer Market, by Application (US$ Mn), 2015–2024
11. North America Sealer Market: List of Customers
12. Company Profiles
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12.1. Sealmaster
12.1.1. Company Details
12.1.2. Business Overview
12.1.3. Recent Developments
12.1.4. Business Strategy
12.2. Neyra
12.2.1. Company Details
12.2.2. Business Overview
12.2.3. Business Strategy
12.3. The Brewer Company
12.3.1. Company Details
12.3.2. Business Overview
12.3.3. Business Strategy
12.4. Bonsal American
12.4.1. Company Details
12.4.2. Business Overview
12.4.3. Recent Developments
12.4.4. Business Strategy
12.5. GemSeal Pavement Products
12.5.1. Company Details
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12.5.2. Business Overview
12.5.3. Recent Developments
12.5.4. Business Strategy
12.6. Vance Brothers
12.6.1. Company Details
12.6.2. Business Overview
12.6.3. Business Strategy
12.7. GuardTop
12.7.1. Company Details
12.7.2. Business Overview
12.7.3. Recent Developments
12.7.4. Business Strategy
12.8. Fahrner Asphalt Sealers LLC
12.8.1. Company Details
12.8.2. Business Overview
12.8.3. Business Strategy
12.9. Asphalt Coatings Engineering, Inc.
12.9.1. Company Details
12.9.2. Business Overview
12.9.3. Business Strategy
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12.10. RaynGuard
12.10.1. Company Details
12.10.2. Business Overview
12.10.3. Business Strategy
13. Primary Research- Key Findings
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