Seal Coat Market size to grow by USD 252.02 million from 2022 to 2027, Driven by the growing need for infrastructure development and maintenance - Technavio

NEW YORK, April 18, 2023 /PRNewswire/ -- The seal coat market size is forecast to increase by USD 252.02 million from 2022 to 2027, at a CAGR of 3.89%, according to the recent market study by Technavio. The growth of the market will be driven by the increasing need for infrastructure development and maintenance, rising urbanization trend, and growing environmental concerns. The report offers an up-to-date market analysis including the latest trends and drivers. Request sample report  

Global seal coat market Vendor Analysis:

The global seal coat market players have a wide product portfolio, depending on the necessity. The major players in this market invest in the R&D of new products to sustain and hold their market shares. Technavio has extensively analyzed 15 major vendors, including Asphalt Coatings Engineering Inc., BASF SE, Blancolor SA, CAP ARREGHINI Spa, Covema Vernici spa, Draco doo, Fahrner Asphalt Sealers LLC, GemSeal Pavement Products, Go Green Industrial Shanghai Co. Ltd., GoldStar Asphalt Products, Grupo Puma, GuardTop, Neyra, RaynGuard, Seal Master Corp., Star Seal Inc., The Alumasc Group plc, Vance Bros. Inc., Western Colloid, and Wolf Paving.

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Vendor Offerings -

• Asphalt Coatings Engineering Inc. - The company offers seal coat products such as Ace Seal.
• BASF SE - The company offers seal coat products such as Mastic waterproof coatings.
• Fahrner Asphalt Sealers LLC - The company offers seal coat products such as chip seal and scrub seal.

Key Benefits for Industry Players & Stakeholders – 

• The report offers information on the criticality of vendor inputs, including R&D, CAPEX, and technology.
• It also provides detailed analyses of the market's competitive landscape and vendors' product offerings.
• The report also provides a qualitative and quantitative analysis of vendors to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

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Seal Coat Market - Market Segmentation:

This seal coat market report extensively covers market segmentation by product type (coal-tar-based, asphalt-based, acrylic polymer-based, and other seal coats), application (pavements, refurbishments, and repairs), and geography (North America, Europe, APAC, South America, and Middle East and Africa).

• The market share growth by the coal-tar based segment will be significant for the market growth during the forecast period. A seal coat with a coal-tar base is the most widely used pavement sealer worldwide. It is a black, liquid sealant made from coal tar pitch, emulsifiers, and water. Coal-tar-based seal coats, which act as a barrier against the damaging effects of water, sunlight, and chemicals, protect asphalt pavements and extend their lifespan. A seal coat made of coal tar is preferred over other sealers due to its durability and resistance to wear and tear. Additionally, it provides a smooth, even surface that enhances the pavement's appearance and has excellent adhesion to asphalt pavements. Using a squeegee or sprayer, a coal tar seal coat is also inexpensive and simple to apply.

Charts & data tables about market and segment sizes for a historic period (2017-2021)
and forecast period (2023-2027) are illustrated in this report. Download The Sample PDF

Seal Coat Market - Market Dynamics:

Key DRIVERS:

• One of the major drivers for the growth of the seal coat market is the increasing need for infrastructure development and maintenance.
• The global market is being driven by the rising demand for transportation and the growing need for infrastructure development and maintenance.
• This has been growing rapidly due to urbanization. In infrastructure development projects like the construction of roads, bridges, airports, and public transportation systems, both public and private organizations are investing a significant amount of money worldwide.
• These projects require sealing a significant amount of asphalt pavement to ensure durability and safety. 
• Furthermore, many non-industrial countries put resources into the upkeep and improvement of their foundation. In India, for instance, the National Highways Authority of India (NHAI) has been making investments in the upkeep and repair of national highways by means of seal coats.
• The NHAI has been advancing the utilization of seal coats to black-top asphalts to expand their strength, lower support expenses, and increment well-being.

Major Trends:

• An emerging trend in the seal coat market that is expected to fuel the market growth is the development of eco-friendly and sustainable products.
• Due to the environmental effects of conventional goods and materials, there has been a significant rise in demand for environmentally friendly and sustainable products in recent years.
• New, harmless to the ecosystem, and manageable advancements are presently being created by organizations. One of the most recent seal coats to be developed is water-based.
• Water-based seal coats are becoming more and more common as an alternative to solvent-based products. Water-based seal coats are made with natural ingredients that don't harm the environment or release harmful substances. Because they are easier to apply and remove, they are a better option for customers.
• Hence, such factors influence the growth of the market during the forecast period.

Key Challenges:

• A major challenge for the growth of the seal coat market is the volatility of raw material prices.
• Seal coat items are produced using unrefined substances like black-top, coal tar, and acrylic polymers, and their costs can change because of different reasons like production network disturbances, international pressures, and changes popular.
• The market can be significantly affected by volatility in the prices of raw materials. For instance, a shortage of asphalt caused by production issues and weather-related disruptions, led to a price increase of more than 30% in 2022, compared to previous years.
• The result was an increase in the cost of seal coat products, which resulted in a decrease in demand and increased costs for consumers.
• Hence, such challenges are expected to impede the market growth during the forecast period.

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challenges, buy the report  

What are the key data covered in this Seal Coat Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the Seal Coat Market between 2023 and 2027
• Precise estimation of the size of the Seal Coat Market and its contribution to the market with a focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the Seal Coat Market across North America, Europe, APAC, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of Seal Coat Market vendors

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Related Reports:

• The pneumatic seal market is estimated to grow at a CAGR of 5.73% between 2022 and 2027. The size of the market is forecast to increase by USD 40.23 million from 2022 to 2027. This report extensively covers market segmentation by application (equipment manufacturing, automobile, shipping industry, and others) and geography (APAC, North America, Europe, Middle East and Africa, and South America). The increase in the application of pneumatics in food processing is notably driving the pneumatic seal market growth.
• The gasket and seal materials market is estimated to grow at a CAGR of 5.84% between 2022 and 2027. The size of the market is forecast to increase by USD 17.75 billion from 2022 to 2027. This report extensively covers market segmentation by end-user (OEMs and aftersales market), application (automotive, industrial machinery, electrical and electronics, oil and gas, and others), and geography (APAC, North America, Europe, South America, and Middle East and Africa). The growing use of gaskets and seals in improving the performance of engineering equipment is notably driving market growth.

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Table of Contents:  

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global seal coat market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global seal coat market 2017 - 2021 ($ million)

• 4.2 Product Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ million)

• 4.3 Application Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product Type

• 6.1 Market segments
• Exhibit 30: Chart on Product Type - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Product Type - Market share 2022-2027 (%)

• 6.2 Comparison by Product Type 
• Exhibit 32: Chart on Comparison by Product Type
• Exhibit 33: Data Table on Comparison by Product Type

• 6.3 Coal-tar based - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Coal-tar based - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Coal-tar based - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Coal-tar based - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Coal-tar based - Year-over-year growth 2022-2027 (%)

• 6.4 Asphalt based - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Asphalt based - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Asphalt based - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Asphalt based - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Asphalt based - Year-over-year growth 2022-2027 (%)

• 6.5 Acrylic polymer based - Market size and forecast 2022-2027 
• Exhibit 42: Chart on Acrylic polymer based - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Acrylic polymer based - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Acrylic polymer based - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Acrylic polymer based - Year-over-year growth 2022-2027 (%)

• 6.6 Other seal coats - Market size and forecast 2022-2027 
• Exhibit 46: Chart on Other seal coats - Market size and forecast 2022-2027 ($ million)
• Exhibit 47: Data Table on Other seal coats - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Chart on Other seal coats - Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on Other seal coats - Year-over-year growth 2022-2027 (%)

• 6.7 Market opportunity by Product Type 
• Exhibit 50: Market opportunity by Product Type ($ million)
• Exhibit 51: Data Table on Market opportunity by Product Type ($ million)

7 Market Segmentation by Application

• 7.1 Market segments
• Exhibit 52: Chart on Application - Market share 2022-2027 (%)
• Exhibit 53: Data Table on Application - Market share 2022-2027 (%)

• 7.2 Comparison by Application 
• Exhibit 54: Chart on Comparison by Application
• Exhibit 55: Data Table on Comparison by Application

• 7.3 Pavements - Market size and forecast 2022-2027 
• Exhibit 56: Chart on Pavements - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Data Table on Pavements - Market size and forecast 2022-2027 ($ million)
• Exhibit 58: Chart on Pavements - Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Pavements - Year-over-year growth 2022-2027 (%)

• 7.4 Refurbishments and repairs - Market size and forecast 2022-2027 
• Exhibit 60: Chart on Refurbishments and repairs - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Data Table on Refurbishments and repairs - Market size and forecast 2022-2027 ($ million)
• Exhibit 62: Chart on Refurbishments and repairs - Year-over-year growth 2022-2027 (%)
• Exhibit 63: Data Table on Refurbishments and repairs - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Application 
• Exhibit 64: Market opportunity by Application ($ million)
• Exhibit 65: Data Table on Market opportunity by Application ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 67: Chart on Market share by geography 2022-2027 (%)
• Exhibit 68: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 69: Chart on Geographic comparison
• Exhibit 70: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027 
• Exhibit 71: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027 
• Exhibit 75: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027 
• Exhibit 79: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027 
• Exhibit 83: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027 
• Exhibit 91: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 Germany - Market size and forecast 2022-2027 
• Exhibit 95: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.10 China - Market size and forecast 2022-2027 
• Exhibit 99: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.11 UK - Market size and forecast 2022-2027 
• Exhibit 103: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 104: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 105: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.12 Canada - Market size and forecast 2022-2027 
• Exhibit 107: Chart on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 108: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 109: Chart on Canada - Year-over-year growth 2022-2027 (%)
• Exhibit 110: Data Table on Canada - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 111: Market opportunity by geography ($ million)
• Exhibit 112: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 113: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 114: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 115: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 116: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 117: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 118: Matrix on vendor position and classification

• 12.3 Asphalt Coatings Engineering Inc. 
• Exhibit 119: Asphalt Coatings Engineering Inc. - Overview
• Exhibit 120: Asphalt Coatings Engineering Inc. - Product / Service
• Exhibit 121: Asphalt Coatings Engineering Inc. - Key offerings

• 12.4 BASF SE
• Exhibit 122: BASF SE - Overview
• Exhibit 123: BASF SE - Business segments
• Exhibit 124: BASF SE - Key news
• Exhibit 125: BASF SE - Key offerings
• Exhibit 126: BASF SE - Segment focus

• 12.5 Fahrner Asphalt Sealers LLC 
• Exhibit 127: Fahrner Asphalt Sealers LLC - Overview
• Exhibit 128: Fahrner Asphalt Sealers LLC - Product / Service
• Exhibit 129: Fahrner Asphalt Sealers LLC - Key offerings

• 12.6 GemSeal Pavement Products 
• Exhibit 130: GemSeal Pavement Products - Overview
• Exhibit 131: GemSeal Pavement Products - Product / Service
• Exhibit 132: GemSeal Pavement Products - Key offerings

• 12.7 Go Green Industrial Shanghai Co. Ltd. 
• Exhibit 133: Go Green Industrial Shanghai Co. Ltd. - Overview
• Exhibit 134: Go Green Industrial Shanghai Co. Ltd. - Product / Service
• Exhibit 135: Go Green Industrial Shanghai Co. Ltd. - Key offerings

• 12.8 GoldStar Asphalt Products 
• Exhibit 136: GoldStar Asphalt Products - Overview
• Exhibit 137: GoldStar Asphalt Products - Product / Service
• Exhibit 138: GoldStar Asphalt Products - Key offerings

• 12.9 GuardTop
• Exhibit 139: GuardTop - Overview
• Exhibit 140: GuardTop - Product / Service
• Exhibit 141: GuardTop - Key offerings

• 12.10 Neyra
• Exhibit 142: Neyra - Overview
• Exhibit 143: Neyra - Product / Service
• Exhibit 144: Neyra - Key offerings

• 12.11 RaynGuard
• Exhibit 145: RaynGuard - Overview
• Exhibit 146: RaynGuard - Product / Service
• Exhibit 147: RaynGuard - Key offerings

• 12.12 Seal Master Corp.
• Exhibit 148: Seal Master Corp. - Overview
• Exhibit 149: Seal Master Corp. - Product / Service
• Exhibit 150: Seal Master Corp. - Key offerings

• 12.13 Star Seal Inc.
• Exhibit 151: Star Seal Inc. - Overview
• Exhibit 152: Star Seal Inc. - Product / Service
• Exhibit 153: Star Seal Inc. - Key offerings

• 12.14 The Alumasc Group plc 
• Exhibit 154: The Alumasc Group plc - Overview
• Exhibit 155: The Alumasc Group plc - Business segments
• Exhibit 156: The Alumasc Group plc - Key offerings
• Exhibit 157: The Alumasc Group plc - Segment focus

• 12.15 Vance Bros. Inc.
• Exhibit 158: Vance Bros. Inc. - Overview
• Exhibit 159: Vance Bros. Inc. - Product / Service
• Exhibit 160: Vance Bros. Inc. - Key offerings

• 12.16 Western Colloid
• Exhibit 161: Western Colloid - Overview
• Exhibit 162: Western Colloid - Product / Service
• Exhibit 163: Western Colloid - Key offerings

• 12.17 Wolf Paving
• Exhibit 164: Wolf Paving - Overview
• Exhibit 165: Wolf Paving - Product / Service
• Exhibit 166: Wolf Paving - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 167: Inclusions checklist
• Exhibit 168: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 169: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 170: Research methodology
• Exhibit 171: Validation techniques employed for market sizing
• Exhibit 172: Information sources

• 13.5 List of abbreviations 
• Exhibit 173: List of abbreviations

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