Global Sealing Coatings Market - 2020-2027
|出版日期||內容資訊||英文 180 Pages
|密封塗料的全球市場 (2020年∼2027年) Global Sealing Coatings Market - 2020-2027|
|出版日期: 2021年04月01日||內容資訊: 英文 180 Pages||
預計未來全球密封塗料市場將以 3.6% 的複合年增長率增長。密封塗料應用於廣泛的建築領域，但伴隨工業化和城市化進程的基礎設施和道路建設的擴張是市場需求的主要驅動因素。從產品類型來看，瀝青基產品佔有率較高，從地區來看，北美國家引領全球市場。
Sealing coating is the procedure of applying a protective coating to asphalt-based pavements to apply a layer of safety from the elements: water, oils, and U.V. damage. The global sealing coatings market is expected to grow at a CAGR of 3.6%. There are three types of pavement sealers. They are known as coal tar based, petroleum-based and asphalt-based. All three have their advantages but are chosen by the contractors' preference unless otherwise specified. Sealing coatings denotes to the coating formed by the coating to prevent rain or leakage of a coating. These coatings also result in a slip-resistance surface and are aesthetically pleasing owing to their deep black finish, which adds a level of magnificence to the parking lot or driveway.
It can be widely used in building roofing, basement, underground garage, indoor kitchen and toilet, water room, balcony, facade, slit, window, pillar, pipe channel and grain, water tower, steel structure plant roof, swimming pool, and power plant cooling tower wall waterproof. The process of sealing the coating is not difficult. Most manufacturers can guarantee the high quality of their products so that their products can meet the needs of high-end consumers.
The global sealing coatings market size was worth US$ XX billion in 2019 and is further expected to reach US$ XX billion by 2027, at a CAGR of XX% during the forecast period (2020-2027).
Currently sealing coatings have a wide range of applications in the construction field. With the continuous development of industries related to sealing coating applications, the demand for sealing coatings is also increasing. Since the application of seal coating in bridge tunnel construction has not been clearly recognized by the state, its application is still relatively small.
Increasing investments in infrastructure and road connectives
The growth of sealing coating market is expected to increase by the rising investments in infrastructure and road connectives due to rapid growth in industrialization and urbanization, and therefore fueling the demand for sealing coating in pavement construction sector. Moreover, shopping centers, schools, hospitals, malls, multiplexes, stadiums, airports and others have their own driveways and parking lots. Increasing the construction of such buildings and other commercial institutions in these regions is expected to drive the market for sealing coatings coat through the years to come.
Increased trend of nuclear families in the country
With the increased trend of nuclear families in the country, apartments have become one of the major preferences, leading to the construction of high-rise residential buildings and townships, thus, increasing the requirement of parking spaces, walkways, and driveways in such segments.
COVID-19 Impact Analysis
COVID-19 pandemic has affected the global economy in many terms, such as directly affecting production and demand, supply chain disruption, and financial impact. COVID-19 has directly impacted the manufacturers' supply chain across the globe and shut down the production facilities to minimize the risk of virus spread. The global sealing coating market is hindered by the COVID-19 pandemic, as construction industry was affected badly resulting in an unavailability of raw materials, shortage of laborers, and disruption in supply chain. The decline in the repair works from the construction industry had also decreased the demand growth for sealing coatings in 2020. Moreover,the global construction sector is anticipated to witness a period of negative/low growth. However, after gaining normalcy, the construction sector can revive to its full potential.
The global sealing coating market is hampered by the COVID-19 pandemic, as construction industry came to standstill owing to unavailability of raw materials, shortage of laborers, and disruption in supply chain. The slowdown in the repair works from the construction industry had a key role in making the demand growth harder to achieve for sealing coating in 2020. The global construction sector is expected to witness a period of negative/low growth over the next two years, driven by economic downturn triggered due to the outbreak.
Over the medium term, the growth of sealing coating market is likely to be driven by the increasing investments in infrastructure and road connectives due to rapid industrialization and urbanization, thus fueling the demand for sealing coating in the pavement construction sector.
Based on the product type, the sealing coatings market has been classified into coal tar-based, asphalt-based, acrylic polymer-based and other product types.
Asphalt-Based Sealing Coatings Segment Accounted For The Highest Share In The Global Market
The asphalt-based sealing coatings segment is anticipated to witness major growth over the period due to the ban on refined coal tar-based sealers in various countries. Also, asphalt-based sealings are witnessing high growth due to its compliance with environmental norms. Moreover, according to the National Asphalt Pavement Association, approximetely 90% of the surface parking zones are covered with asphalt pavement in the U.S. this will lead to rise in demand of the asphalt. Moreover, the increase in construction and refurbishment projects in the U.S. and various other countries will further boost the product demand. The coal tar-based sealers are recommended for most of the applications due to their superior performance. Growing usage of sealants to increase the longevity of roads and pavements across the world will supplement the sealing coatings market share during forecast period.
However, refined coal tar-based sealers, black sealant contains certain toxic compounds like PAHs (polycyclic aromatic hydrocarbons)that can have negative impact on both humans and the environment. This has resulted in banning of the product in several cities, which may hamper industry growth.
Based on the application, the sealing coatings market has been classified into road construction, building construction, house construction, bridge and tunnel construction and others.
In terms of application, road construction & parking lots segment is estimated to generate maximum product demand through the forecast period as they are exposed to corrosive chemicals, like gasoline and other automotive liquid leaks. These external elements can weaken and in time can destroy the layers of the roadways. However, sealing coating applications can overcome the problems which is created by chemicals, UV rays, water, or any corrosive material. Moreover, coat-seals saves both money and time spent in repairing damages and cracks on driveways & parking lots, thereby expanding its lifespan. Therefore, sealing coatings is anticipated to have a positive growth in the near future.
Based on geography, the study analyzes the global sealing coatings market, including North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.
North America Leads The Global Market Throughout The Forecast Period
North America is expected to have a major share for sealing coatings market growth through the forecast period. This region has invested heavily for infrastructure which includes development of various airports. This could result in the growth of the sealing coatings market. Moreover, U.S. aviation industry also invested for Airport Improvement Program which further propels the revenue share during the forecast period.
The sealing coatings market is highly competitive, owing to the presence of sealing coatings brands. The key sealing coatings players which are contributing to the growth of the global market include BASF, RaynGuard, STAR Inc., Bb fabrication renaulac, Crafco Inc Koster, Grupo Puma, Draco, Coatncool, Rialto, and others.
Overview: RaynGuard is one of the recognized leader in innovative asphalt preservation technology. It provides quality, cost effective solutions for protecting and maintaining customers pavement assets. Its premium materials can be found on parking lots, roadways and airfields in different countries around the world. Few distributors of the company are Steelguard and Overkote distributors.
Product Portfolio: The company's portfolio comprises of premium asphalt coatings, crack fillers and loop fillers, tools & supplies, delivery and storage equipment sales and rentals and others
The global sealing coatings market report would provide access to an approx. 46 market data table, 46 figures and 220 pages.
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