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North America Sealers Market will rise from a value of US$405.7 mn in 2015 to US$609.3 mn by 2024, expanding at a CAGR of 4.7%; Consumer Preference for Bitumen and Asphalt-based Sealers Rises in the U.S.
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Transparency Market Research Sealers Market - North America Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024 Published Date 30-Aug-2016 99 Page Report Request Sample Buy Now Press Release Demand for Sealers in North America to Cross 570 Kilo Tons by 2024 despite Government Bans and Restrictions, predicts TMR Transparency Market Research State Tower, 90, State Street, Suite 700. Albany, NY 12207 United States www.transparencymarketresearch.com sales@transparencymarketresearch.com
Sealers Market REPORT DESCRIPTION Sealers Market - North America Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024 The sealers market in North America is characterized by the presence of a large number of players and a fragmented competitive landscape. Transparency Market Research has noted that some of the top companies in this market have been depending on high product differentiation and extensive research and development to expand their businesses and maintain their share in the North America sealers market. “New players are focused on the development of bio-based and acrylic sealers, while existing players are engaged in the development of next-gen, highly efficient, and inexpensive sealers,” the author of the study observes. Companies have also been focusing on expanding their businesses through strategic mergers and acquisitions. GuardTop, for instance, acquired Rockmart of Blacklidge Emulsion Inc. in January 2015 to expand its footprint in Southeast America. The company now has access to the emerging markets of Alabama, Georgia, Mississippi, Florida, Tennessee, and the Carolinas. Get PDF Brochure for more Professional and Technical insights : http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=13982 The opportunity in the sealers market in North America stood at US$405.7 mn in 2015 and is estimated to be worth US$609.3 mn by 2024, registering a 4.7% CAGR from 2016 to 2024. The demand, on the other hand, is projected to reach 572.9 kilo tons by the end of the forecast period. U.S.Emerges as Leading Market for Sealers in North America 2 Transparency Market Research
Sealers Market Accounting for a share of over 86% in 2015, the U.S. was the leading country-wise market for sealers in the region. In terms of revenue, the sealers market in the U.S. is projected to expand at a 4.9% CAGR from 2016 to 2024. On the basis of application, sealers are largely used in driveways and parking lots. Based on product, bitumen and asphalt held the leading share of over 43% at the start of the forecast period. Although coal tar will continue to hold a significant share in the overall sealers market, its demand is projected to decrease over the coming years with recent bans on its usage in several states in the U.S. Increase in Vehicle Footprint Spurs Demand for Sealers Sealers are extensively used in driveways and parking lots as offer a host of advantages, including lower fuel and water infiltration, added aesthetics, and improved lifecycle of the paved material. “The growth of the sealers market in North America is primarily dependent on the growth of the automotive industry,” the lead analyst states. “The rising presence of vehicles in the region has warranted the demand for parking lots, driveways, and garages, thereby driving the demand for sealers.” The demand is likely to witness a consistent rise over the years with the need to maintain the superior performance and appearance of such construction projects. Browse Market Research Report with ToC & Analysis : http://www.transparencymarketresearch.com/north-america-sealers-market.html On the other hand, the sealers market in North America is projected to be hampered by the ban on coal tar sealers in several states across the U.S. Coal tar sealers are one of the leading and most potent sources of polycyclic aromatic hydrocarbons (PAH), the presence of which is known to harm living organisms in the vicinity. As a result, several organizations in the region have banned their usage in many applications. The decreasing consumption of coal tar sealers is thus adversely impacting the market in North America. 3 Transparency Market Research
Sealers Market This review is based on the findings of a TMR report titled “Sealers Market: North America Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016-2024.” North America Sealers Market, by Product • Coal Tar • Acrylic • Bitumen & Asphalt • Others (Including polyurethanes, silicone, epoxy based sealers) North America Sealers Market, by Application • Pavement & Blocks • Driveway & Parking Lots • Other (Including airport, sports track, etc.) North America Sealer Market, by Country • U.S. • Canada • Mexico Browse All Chemical & Materials Market Research Reports: http://www.transparencymarketresearch.com/chemical-market-reports-2.html About Us Transparency Market Research is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. 4 Transparency Market Research
Sealers Market We are privileged with highly experienced team of Analysts, Researchers and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge. Contact Transparency Market Research 90 State Street, Suite 700 Albany, NY 12207 Tel: +1-518-618-1030 USA - Canada Toll Free: 866-552-3453 Email: sales@transparencymarketresearch.com Website: http://www.transparencymarketresearch.com/ Visit Blog : http://depthresearchreport.blogspot.in/ 5 Transparency Market Research