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.
Get
PDF Brochure for more Professional and Technical insights :
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.
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.
Browse
Market Research Report with ToC & Analysis :
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
- 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.)
About
Us
Transparency Market Research (TMR) is a global market intelligence
company providing business information reports and services. The
company’s exclusive blend of quantitative forecasting and trend
analysis provides forward-looking insight for thousands of decision
makers. TMR’s experienced team of analysts, researchers, and
consultants use proprietary data sources and various tools and
techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team
of research experts so that it always reflects the latest trends and
information. With extensive research and analysis capabilities,
Transparency Market Research employs rigorous primary and secondary
research techniques to develop distinctive data sets and research
material for business reports.
Contact
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
No comments:
Post a Comment