Sealers are designed to beautify and protect driveways, parking lots and pavement & blocks from water damages. It reduces the maintenance cost & increases the shelf life of pavements. The sealers are primarily classified on basis of composition into: coal tar, bitumen & asphalt, acrylic and others (polyurethanes, silicone, epoxy based sealers). Sealers are used at commercial and residential constructions in pavements and blocks, driveways and parking lots, airports, race tracks and sport arenas. The choice of a sealer depends upon a number of variables including compatibility with surface of application, traffic, weather conditions, and project cost.
Increase in passenger vehicle is expected to boost the demand for driveways, garages, and parking lots in North America. However, growing governmental bans for coal tar based sealers in some U.S. states and upcoming bans in other counties and cities is projected to hamper the market growth. Rising research & development activities in soybean based bio-sealers are likely to offer large opportunities for sealers in the future.
The report includes detailed analysis of market drivers and restraints affecting the growth of the market over the forecast period. It also includes value chain analysis, which gives comprehensive overview of value addition at each stage of the value chain. The report maps upcoming opportunities in the sealers market and its impact on overall market growth. The study consist of future trend analysis and market attractiveness analysis.
The study is based on demand for sealers i.e. coal tar based, acrylic based, bitumen & asphalt based and others (epoxy, polyurethane, etc.). The various applications considered in the study include pavement & blocks, parking lots & driveway and airport, race tracks, etc. Pavement & blocks includes sidewalks, gardenways, courtyards and patios. Demand for sealers used on asphalt and concrete surfaces (block pavements) except road (highway and street roads) has been considered in the study. The study is focused only on North America region with further birfurcation on country level as U.S., Mexico and Canada. Each of the country is analyzed in terms of volume (kilo tons) and revenue (US$ Mn) on product and application segment from 2015 to 2024. For the research study, 2015 is considered as a base year and forecast period between 2016 and 2024.
In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research includes a search of recent trade, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.
Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, SEC filings, National Asphalt Pavement Association (NAPA), Pavement Coating Technology Center (PCTC), Asphalt Institute, internal and external proprietary databases, and relevant patent and regulatory databases such as ICIS, Hoover’s, oneSOURCE, Factiva, and Bloomberg, national government documents, statistical databases, trade journals, market reports, news articles, press releases, and webcasts specific to companies operating in the market.
Primary interviews are conducted on an ongoing basis with industry participants and commentators to validate the data and analysis. These help validate and strengthen secondary research findings. These also help develop the analysis team’s expertise and market understanding.
The report comprises profiles of major companies operating in the North America sealer market. Key players profiled in the report include Neyra Industries, Inc., Bonsal American, Fahrner Asphalt Sealers LLC, Asphalt Coatings Engineering, Inc., RaynGuard, The Brewer Company, SealMaster, Vance Brothers, GemSeal Pavement Products and GuardTop. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments.