North America Sealers Market: Snapshot
The sealers market in North America is projected to experience moderate growth over the course of the forecast period, driven primarily by the demand for sealers to be used in driveways and parking lots. The increased usage of acrylic sealers with added benefits such as low volatile emissions are likely to offer significant opportunities for growth in the future.
Transparency Market Research projects that the sealers market in North America will rise from a value of US$ 465.6 Mn in 2018 to US$ 716.2 Mn by 2027, expanding at a CAGR of 4.9% therein.
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Increased Use of Sealers Anticipated in Driveways and Parking Lots
Driveways and parking lots formed the leading application segment of the North America sealers market, in terms of volume, accounting for a share of more than 80% in 2018. The use of coal tar and asphalt sealers in driveways and parking lots lends a sheen to the surface and provides protection against damage by water, lubricants, and external agents. Pavements and blocks will likely form the fastest-growing application segment of the sealer market between 2019 and 2027. Other applications of sealers include race tracks, airports, industrial constructions, and sport arenas.
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By product, bitumen and asphalt-based sealers were the leading revenue generators in the North America sealers market in 2018. Rising bans on coal tar-based sealers, the improved performance of asphalt-based sealers, and competitive pricing strategies are expected to result in the increased consumption of bitumen and asphalt sealers in North America from 2019 to 2027.
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Acrylic sealers are projected to expand at a significant pace during the forecast period, fueled by their superior product quality and increased penetration in the decorative concrete segment.
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Consumer Preference for Bitumen and Asphalt-based Sealers Rises in U.S.
The North America sealers market comprises the U.S., Canada, and Mexico. In terms of volume, the U.S. held the leading share of more than 85% in 2018. This market has been undergoing a transition in demand from coal tar sealers to bitumen and asphalt-based sealers. Increasing awareness regarding PAH (poly-cyclic aromatic hydrocarbons) emissions from coal tar sealers has driven several states in the country to implement a ban on coal tar sealers. Several contractors and hardware stores, including Lowe’s, Home Depot, and Ace Hardware, have also ceased applying and retailing coal tar-based sealers across the country. In the U.S., the acrylic segment is projected to expand at a significant pace during the forecast period, with the bitumen and asphalt segment accounting for a key share in the overall market in 2018.
Canada also held a considerable share in the sealers market in North America. The country is likely to witness a steady growth in the application of asphalt and bitumen as well as coal tar sealers in the future. Considering that currently Canada has no legislations or bans pertaining to the use of coal tar sealers, this market is expected to witness steady growth in the coming years. The demand for sealers in Canada stems from the driveway and parking lots application segment and the pavement and blocks segment is projected to present considerable scope for growth as well.
Key Players in the North America Sealers Market
Key players in the North America sealers market include
- Neyra Industries, Inc.
- Bonsal American
- Fahrner Asphalt Sealers LLC
- Asphalt Coatings Engineering, Inc.
- RaynGuard
- The Brewer Company
- SealMaster
- Vance Brothers
- GemSeal Pavement Pro
Chemicals & Materials Industry battles Tangible Impact of Economic and Cultural changes, Stay Updated on the Latest Trends in Chemicals & Materials Market @ https://www.transparencymarketresearch.com/chemical-market-reports-2.html
About Us
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact
Transparency Market Research
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90 State Street,
Suite 700,
Albany NY – 12207
United States
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
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North America Sealers Market: Snapshot
The sealers market in North America is projected to experience moderate growth over the course of the forecast period, driven primarily by the demand for sealers to be used in driveways and parking lots. The increased usage of acrylic sealers with added benefits such as low volatile emissions are likely to offer significant opportunities for growth in the future.
Transparency Market Research projects that the sealers market in North America will rise from a value of US$ 465.6 Mn in 2018 to US$ 716.2 Mn by 2027, expanding at a CAGR of 4.9% therein.
Strong expertise with attention to detail makes our market research reports stand apart. Download PDF Brochure –
Increased Use of Sealers Anticipated in Driveways and Parking Lots
Driveways and parking lots formed the leading application segment of the North America sealers market, in terms of volume, accounting for a share of more than 80% in 2018. The use of coal tar and asphalt sealers in driveways and parking lots lends a sheen to the surface and provides protection against damage by water, lubricants, and external agents. Pavements and blocks will likely form the fastest-growing application segment of the sealer market between 2019 and 2027. Other applications of sealers include race tracks, airports, industrial constructions, and sport arenas.
Request for Covid-19 Impact Analysis on Sealers Market:
By product, bitumen and asphalt-based sealers were the leading revenue generators in the North America sealers market in 2018. Rising bans on coal tar-based sealers, the improved performance of asphalt-based sealers, and competitive pricing strategies are expected to result in the increased consumption of bitumen and asphalt sealers in North America from 2019 to 2027.
Buy our Premium Research Report on Sealers Market@
Acrylic sealers are projected to expand at a significant pace during the forecast period, fueled by their superior product quality and increased penetration in the decorative concrete segment.
More Trending Reports by Transparency Market Research –
Consumer Preference for Bitumen and Asphalt-based Sealers Rises in U.S.
The North America sealers market comprises the U.S., Canada, and Mexico. In terms of volume, the U.S. held the leading share of more than 85% in 2018. This market has been undergoing a transition in demand from coal tar sealers to bitumen and asphalt-based sealers. Increasing awareness regarding PAH (poly-cyclic aromatic hydrocarbons) emissions from coal tar sealers has driven several states in the country to implement a ban on coal tar sealers. Several contractors and hardware stores, including Lowe’s, Home Depot, and Ace Hardware, have also ceased applying and retailing coal tar-based sealers across the country. In the U.S., the acrylic segment is projected to expand at a significant pace during the forecast period, with the bitumen and asphalt segment accounting for a key share in the overall market in 2018.
Canada also held a considerable share in the sealers market in North America. The country is likely to witness a steady growth in the application of asphalt and bitumen as well as coal tar sealers in the future. Considering that currently Canada has no legislations or bans pertaining to the use of coal tar sealers, this market is expected to witness steady growth in the coming years. The demand for sealers in Canada stems from the driveway and parking lots application segment and the pavement and blocks segment is projected to present considerable scope for growth as well.
Key Players in the North America Sealers Market
Key players in the North America sealers market include
- Neyra Industries, Inc.
- Bonsal American
- Fahrner Asphalt Sealers LLC
- Asphalt Coatings Engineering, Inc.
- RaynGuard
- The Brewer Company
- SealMaster
- Vance Brothers
- GemSeal Pavement Pro
Chemicals & Materials Industry battles Tangible Impact of Economic and Cultural changes, Stay Updated on the Latest Trends in Chemicals & Materials Market @ https://www.transparencymarketresearch.com/chemical-market-reports-2.html
About Us
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY – 12207
United States
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Follow Us: Twitter | LinkedIn
Blog: https://tmrblog.com
