The Sealing Coatings Market size is estimated to reach USD 14.78 billion by 2027, from USD 11.38 billion in 2019, delivering a CAGR of around 4% over the forecast period. The market growth is driven by a rise in investment in infrastructural development projects and a growing focus on enhancing road connectives across the globe.
Reports and Data has recently published a novel research report on global Sealing Coatings market covering current market scenario and market developments between 2018 and 2028. The report offers in-depth analysis of historical and latest market trends along with revenue growth, market size, drivers, restraints, limitations and opportunities. The report is well curated using statistical methods such as SWOT analysis and Porter’s Five Force and presented using tables, graphs, charts, figures and other pictorial representations to help user understand the market dynamics. The data is collected using extensive primary and secondary research which is evaluated by experts and professionals in the industry.
Key Companies in the market include: Basf, RaynGuard, Alumasc exterior building products, STAR Inc., Bb fabrication renaulac, Crafco Inc Koster, Grupo puma, Draco, Coatncool, Rialto, Solomon colors, Cap arreghini, Blancolor, Kryton international, Peintures onip, Torggler, Weber building solutions, Penetron, Ronacrete and derbyshire aggregates, Sherwin-williams, Sika mortars, Technokolla, Volteco, Tassullo, Seal Master, and Neyra, among others.
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Overview: Sealing coatings are substances that extend the life of pavements, driveways, roadways, racetracks, and other capital assets by protecting the pavement from the natural aging process caused by water, debris, chemical leaks, ultra-violet rays, and other. Along with adding long-lasting properties, these coatings give a clean, uniform look to the paved surface. Some of the key advantages offered by sealing coatings include improvement in skid resistance, renewed weathered pavements, restore a uniform cover, seals small cracks or surface voids, prevents the intrusion of air or moisture, reduces raveling, and fine aggregate treatments can also improve street sweeping.
There are two essential options for seal coating road surfaces, asphalt-based sealers, and refined coal tar-based sealers. The coal tar-based sealers are highly recommended for most of the applications due to their superior performance. Other options than these two are usually less considered due to their high-costs for most applications. As per the U.S. Geological Survey, near 85 million gallons of coal tar-based sealant is laid down annually, which is enough to cover 170 square miles. Growing usage of sealants to enhance the longevity of roads and pavements across the globe will supplement the sealing coatings market share through 2027.
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By Product Type (Revenue in USD Million; Volume in Tons, 2017–2027)
- Oil-Based
- Coal Tar-based
- Refined Tar-based
- Asphalt-based
- Acrylic Polymer-based
- Others
By Application (Revenue in USD Million; Volume in Tons, 2017–2027)
- Pavements
- Driveways and Parking Lots
- Roadways & Walkways
- Racetrack & Sports
- Building Construction
- Others
Regional Outlook
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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The COVID-19 impact:
The growing COVID-19 pandemic has led to the weakening demand for coatings in electronics, automotive, construction, and white goods. The market has the capacity to bounce back, but it completely depends on the duration of the lockdown, and also the impact of the virus on the economy. Even though the overall demand of the market is falling, the demand for green coating is expected to rise in the coming years.
Key questions covered in the global Sealing Coatings market report:
- What is the expected market size of the global Sealing Coatings market during the forecast period?
- What factors are expected to hamper global Sealing Coatings market growth over the forecast period?
- What key factors are expected to drive global revenue growth between Forecast Period?
- Which application segment is expected to dominate other application segments over the forecast period?
- Which region is expected to dominate in terms of revenue during the forecast period?
- What are the key outcomes of Porter’s Five Forces analysis and SWOT analysis?
- Which leading players are operating in the global Sealing Coatings market?
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