Market Overview:
The global crack filling market is estimated to be valued at USD 2.5 billion in 2018 and is projected to reach USD 4.1 billion by 2030, at a CAGR of 5.8% from 2018 to 2030. The growth of the global crack filling market can be attributed to the increasing demand for asphalt pavement from the construction sector and the growing awareness about the benefits of crack filling among end-users. The global crack filling market has been segmented on the basis of type, application, and region. On the basis of type, it has been segmented into cold-applied thermoplastic bituminous materials and chemically cured thermosetting materials. Cold-applied thermoplastic bituminous materials are further subsegmented into hot pour fillers and cold pour fillers while chemically cured thermosetting materials are subsegmented into two types: polyurethane coatings and epoxy coatings .On the basis of application, it has been segmented into highway & ordinary road, parking lot & airport, square & residential streets ,and others .
Product Definition:
Crack filling is the process of sealing cracks in asphalt pavement. It is important because it helps to prevent water from seeping into the crack and causing further damage to the pavement.
Cold-applied Thermoplastic Bituminous Materials:
The global cold-applied thermoplastic bituminous materials market size was estimated at USD 5.5 billion in 2016 and is expected to witness a growth of 6.4% over the forecast period. The rising demand for asphalt from the construction industry coupled with increasing penetration of thermoplastic bitumen in crack filling application is anticipated to drive growth over the forecast period.
Chemically Cured Thermosetting Materials:
Chemically cured thermosetting materials are synthetic polymers that cross-link by reaction with an external heat source. The most commonly used chemicals for curing include phenol, bisphenol A (BPA), and epoxy. These materials have a high degree of stability and can be heated to very high temperatures without decomposing or melting.
Application Insights:
The others application segment accounted for the largest share of more than 50.0% in 2017. The growth is attributed to the rising demand from other applications, such as industrial and institutional parking lots, sports stadiums and playgrounds, which require a longer lifespan of asphaltic roads.
Highway & ordinary road application was the second-largest segment accounting for a market share of 19.1% in 2017 owing to increasing government expenditure on infrastructure development across countries worldwide coupled with growing emphasis on improving road connectivity between cities and rural areas has been contributing significantly to crack filling products demand over recent years globally.
Regional Analysis:
North America was the largest market for crack filling, accounting for over 35% of the global revenue in 2017. The region is expected to continue its dominance over the forecast period owing to increasing demand from various application segments such as highway and ordinary road construction, parking lot and airport construction.
The U.S., which is one of the most developed countries in terms of infrastructure, has witnessed a significant rise in infrastructure investment between 2010 and 2015 at a rate of USD X trillion per decade on average. This factor along with rising number of residential projects is anticipated to boost product demand during the forecast period.
Asia Pacific accounted for 23% share in 2017 owing to rapid growth experienced by several economies including China & India during past few years due to economic development coupled with increased infrastructural needs especially housing sector expansion resulting into high growth potential for asphalt emulsions used as Crack Filler Agent (CFA).
Growth Factors:
- Increasing demand for crack filling in the construction industry as it helps to prevent water seepage and extend the life of a structure
- Rising awareness about the benefits of crack filling among consumers
- Growing number of road and infrastructure projects across the globe
- Technological advancements in crack filling equipment that offer better performance and efficiency
- Stringent government regulations pertaining to infrastructure safety
Scope Of The Report
Report Attributes
Report Details
Report Title
Crack Filling Market Research Report
By Type
Cold-applied Thermoplastic Bituminous Materials, Chemically Cured Thermosetting Materials
By Application
Highway & Ordinary Road, Parking Lot & Airport, Square & Residential Streets, Others
By Companies
SealMaster, GemSeal (CRH), Crafco, Maxwell Products, Colas, GuardTop, Henry, Watco, Neyra, Dow, Toa Road Corporation, Sepna Adavanced Material, Go Green Industrial Shanghai, Tipco Asphalt, Henan Luda
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
123
Number of Tables & Figures
87
Customization Available
Yes, the report can be customized as per your need.
Global Crack Filling Market Report Segments:
The global Crack Filling market is segmented on the basis of:
Types
Cold-applied Thermoplastic Bituminous Materials, Chemically Cured Thermosetting Materials
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Highway & Ordinary Road, Parking Lot & Airport, Square & Residential Streets, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- SealMaster
- GemSeal (CRH)
- Crafco
- Maxwell Products
- Colas
- GuardTop
- Henry
- Watco
- Neyra
- Dow
- Toa Road Corporation
- Sepna Adavanced Material
- Go Green Industrial Shanghai
- Tipco Asphalt
- Henan Luda
Highlights of The Crack Filling Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cold-applied Thermoplastic Bituminous Materials
- Chemically Cured Thermosetting Materials
- By Application:
- Highway & Ordinary Road
- Parking Lot & Airport
- Square & Residential Streets
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Crack Filling Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Crack filling is a technique used to fill in small cracks and crevices in concrete. It is done by injecting a mixture of water, cement, and sand into the crack until it becomes solid.
Some of the key players operating in the crack filling market are SealMaster, GemSeal (CRH), Crafco, Maxwell Products, Colas, GuardTop, Henry, Watco, Neyra, Dow, Toa Road Corporation, Sepna Adavanced Material, Go Green Industrial Shanghai, Tipco Asphalt, Henan Luda.
The crack filling market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Crack Filling Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Crack Filling Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Crack Filling Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Crack Filling Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Crack Filling Market Size & Forecast, 2018-2028 4.5.1 Crack Filling Market Size and Y-o-Y Growth 4.5.2 Crack Filling Market Absolute $ Opportunity
Chapter 5 Global Crack Filling Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Crack Filling Market Size Forecast by Type
5.2.1 Cold-applied Thermoplastic Bituminous Materials
5.2.2 Chemically Cured Thermosetting Materials
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Crack Filling Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Crack Filling Market Size Forecast by Applications
6.2.1 Highway & Ordinary Road
6.2.2 Parking Lot & Airport
6.2.3 Square & Residential Streets
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Crack Filling Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Crack Filling Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Crack Filling Analysis and Forecast
9.1 Introduction
9.2 North America Crack Filling Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Crack Filling Market Size Forecast by Type
9.6.1 Cold-applied Thermoplastic Bituminous Materials
9.6.2 Chemically Cured Thermosetting Materials
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Crack Filling Market Size Forecast by Applications
9.10.1 Highway & Ordinary Road
9.10.2 Parking Lot & Airport
9.10.3 Square & Residential Streets
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Crack Filling Analysis and Forecast
10.1 Introduction
10.2 Europe Crack Filling Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Crack Filling Market Size Forecast by Type
10.6.1 Cold-applied Thermoplastic Bituminous Materials
10.6.2 Chemically Cured Thermosetting Materials
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Crack Filling Market Size Forecast by Applications
10.10.1 Highway & Ordinary Road
10.10.2 Parking Lot & Airport
10.10.3 Square & Residential Streets
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Crack Filling Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Crack Filling Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Crack Filling Market Size Forecast by Type
11.6.1 Cold-applied Thermoplastic Bituminous Materials
11.6.2 Chemically Cured Thermosetting Materials
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Crack Filling Market Size Forecast by Applications
11.10.1 Highway & Ordinary Road
11.10.2 Parking Lot & Airport
11.10.3 Square & Residential Streets
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Crack Filling Analysis and Forecast
12.1 Introduction
12.2 Latin America Crack Filling Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Crack Filling Market Size Forecast by Type
12.6.1 Cold-applied Thermoplastic Bituminous Materials
12.6.2 Chemically Cured Thermosetting Materials
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Crack Filling Market Size Forecast by Applications
12.10.1 Highway & Ordinary Road
12.10.2 Parking Lot & Airport
12.10.3 Square & Residential Streets
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Crack Filling Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Crack Filling Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Crack Filling Market Size Forecast by Type
13.6.1 Cold-applied Thermoplastic Bituminous Materials
13.6.2 Chemically Cured Thermosetting Materials
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Crack Filling Market Size Forecast by Applications
13.10.1 Highway & Ordinary Road
13.10.2 Parking Lot & Airport
13.10.3 Square & Residential Streets
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Crack Filling Market: Competitive Dashboard
14.2 Global Crack Filling Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 SealMaster
14.3.2 GemSeal (CRH)
14.3.3 Crafco
14.3.4 Maxwell Products
14.3.5 Colas
14.3.6 GuardTop
14.3.7 Henry
14.3.8 Watco
14.3.9 Neyra
14.3.10 Dow
14.3.11 Toa Road Corporation
14.3.12 Sepna Adavanced Material
14.3.13 Go Green Industrial Shanghai
14.3.14 Tipco Asphalt
14.3.15 Henan Luda