Sealing Coatings for Building Construction Market Competitive Analysis, Future Growth Prospects and Forecast 2027
The Sealing Coatings for Building Construction 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.
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.
Top Companies Operating in the Global Sealing Coatings for Building Construction Market:
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
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The factors that drive the industry's growth are highlighted in the report. The report divides the Sealing Coatings for Building Construction Market into main categories such as forms, applications, end-users, technology, and others for a better understanding. These segments are thoroughly examined in order to provide a more accurate outlook for the global and regional markets. The report also examines the industry's major players, including their product portfolios, company overviews, strategic growth strategies, revenue generation, market share and market size, geographic presence, and development and manufacturing capabilities.
Market Overview:
Consumers are placing a higher importance on sustainability and, as a result, are choosing items based on factors like circularity and carbon footprint. Furthermore, consumer concern about carbon emissions has prompted increased investment in renewable energy, energy efficiency, and transportation decarbonization. These developments have had considerable impact on chemical end sectors, particularly in the automobile and construction industries. COVID-19 has exacerbated the situation by lowering the automobile and construction industries (as well as many others) and disrupting current supply lines.
The adoption of digital technologies by oil, gas, and chemical firms has been fueled primarily by cost savings and greater reliability. Many organizations in these areas saw excellent benefits from advanced market sensing, improved operational optimization, and expanded usage of "in silico" simulations. Companies' existing digital technologies provided an advantage with the abrupt entrance of COVID-19 and the accompanying shutdown of facilities and work sites, but they were often insufficient for the level of remote working and cybersecurity that was suddenly required.
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Sealing Coatings for Building Construction Market Segmentation
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
The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.
The Sealing Coatings for Building Construction Market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Sealing Coatings for Building Construction Market.
The global Sealing Coatings for Building Construction Market is segmented into:
· North America (U.S.A., Canada, Mexico)
· Europe (Italy, U.K., Germany, France, Rest of Europe)
· Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
· Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
· Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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