Market Overview:
The global crack sealing market is estimated to be valued at USD 3.5 billion in 2018 and is projected to reach USD 5.8 billion by 2030, at a CAGR of 6.0% from 2018 to 2030. The growth of the global crack sealing market can be attributed to the increasing demand for asphalt pavements due to their superior properties such as low noise, long life, and high skid resistance.
Product Definition:
A process that fills and seals cracks in pavement to keep water and debris from getting into the crack and causing further damage.
Cold-applied Thermoplastic Bituminous Materials:
The global cold-applied thermoplastic bituminous materials market size was valued at USD 156.8 million in 2016 and is expected to grow at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand from major end-use industries such as transportation, construction, and oil & gas exploration sector owing to its high thermal stability & resistance towards temperature fluctuations which makes it suitable for use under extreme conditions of these industries.
Hot-applied Thermoplastic Bituminous Materials:
The global hot-applied thermoplastic bituminous materials and it's usage in crack sealing market size was valued at USD 6.5 million in 2016. The rising demand for asphalt emulsions for the construction of roads, highways, and other infrastructure is expected to drive industry growth over the forecast period.
Increasing investments by governments across various countries towards infrastructural development are projected to propel product demand over the coming years.
Application Insights:
Highway and ordinary road accounted for the largest share of more than 60.0% in 2017. The growth is attributed to the rising need for maintenance and repair work on roads, which require a high number of cracks to be sealed. Parking lot & airport, Square & residential streets are estimated to be the fastest-growing segments over the forecast period owing to increasing construction activities at airports across countries such as China, India and Japan.
Crack sealing is carried out during or after paving operations in parking lots or other public areas such as avenues, boulevards and main roads where there is heavy traffic flow due to increased usage by vehicles resulting in wear & tear on pavements caused by vehicle tires thus creating potential risks of accidents if not repaired quickly.
Regional Analysis:
North America dominated the global market in 2017. The growth of the region can be attributed to increasing demand for bituminous products from end-users such as highways, parking lots, and ordinary roads. In addition, growing construction activities in Canada and Mexico are expected to drive product demand over the forecast period.
The Asia Pacific is anticipated to witness significant growth over the forecast period owing to rising investments by governments in developing countries such as India and China for improving road infrastructure coupled with rapid urbanization is likely to boost product consumption across various applications including highway construction, parking lot paving, residential street reconstruction/paving etc., which will further propel market growth over the next eight years.
Growth Factors:
- Increasing demand for better infrastructure: The increasing population and the consequent increase in the number of vehicles has led to a rise in the demand for good roads and infrastructure. This, in turn, is driving the growth of the crack sealing market.
- Rising awareness about road safety: There is an increasing awareness among people about road safety measures such as crack sealing. This is helping to drive the growth of this market.
- Technological advancements: The technological advancements taking place in this field are helping to drive its growth further. For instance, new materials and equipment that are more efficient are being developed which is aiding in improving productivity and efficiency of crack sealing operations thereby boosting this market’s growth rate significantly.
- theUStransportationdepartmentannouncedaninvestmentofbillionover5yearsintoprovidebetterinfrastructureforthecountryincludingroadsealingandrepairingmeasuresamongotherthings .Thisishelpingtogrowthismarketfurther .
Scope Of The Report
Report Attributes
Report Details
Report Title
Crack Sealing Market Research Report
By Type
Cold-applied Thermoplastic Bituminous Materials, Hot-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
192
Number of Tables & Figures
135
Customization Available
Yes, the report can be customized as per your need.
Global Crack Sealing Market Report Segments:
The global Crack Sealing market is segmented on the basis of:
Types
Cold-applied Thermoplastic Bituminous Materials, Hot-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 Sealing 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
- Hot-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 Sealing 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
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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 sealing is a process used to create a watertight seal between two pieces of material. The seal is created by injecting a liquid resin into the crack, and then pressing the two pieces together. This creates an airtight seal that prevents moisture and other contaminants from entering or escaping the crack.
Some of the major companies in the crack sealing 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 sealing market is expected to grow at a compound annual growth rate of 6%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Crack Sealing 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 Sealing Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Crack Sealing 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 Sealing 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 Sealing Market Size & Forecast, 2018-2028
4.5.1 Crack Sealing Market Size and Y-o-Y Growth
4.5.2 Crack Sealing Market Absolute $ Opportunity
Chapter 5 Global Crack Sealing 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 Sealing Market Size Forecast by Type
5.2.1 Cold-applied Thermoplastic Bituminous Materials
5.2.2 Hot-applied Thermoplastic Bituminous Materials
5.2.3 Chemically Cured Thermosetting Materials
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Crack Sealing 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 Sealing 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 Sealing 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 Sealing 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 Sealing Analysis and Forecast
9.1 Introduction
9.2 North America Crack Sealing 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 Sealing Market Size Forecast by Type
9.6.1 Cold-applied Thermoplastic Bituminous Materials
9.6.2 Hot-applied Thermoplastic Bituminous Materials
9.6.3 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 Sealing 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 Sealing Analysis and Forecast
10.1 Introduction
10.2 Europe Crack Sealing 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 Sealing Market Size Forecast by Type
10.6.1 Cold-applied Thermoplastic Bituminous Materials
10.6.2 Hot-applied Thermoplastic Bituminous Materials
10.6.3 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 Sealing 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 Sealing Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Crack Sealing 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 Sealing Market Size Forecast by Type
11.6.1 Cold-applied Thermoplastic Bituminous Materials
11.6.2 Hot-applied Thermoplastic Bituminous Materials
11.6.3 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 Sealing 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 Sealing Analysis and Forecast
12.1 Introduction
12.2 Latin America Crack Sealing 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 Sealing Market Size Forecast by Type
12.6.1 Cold-applied Thermoplastic Bituminous Materials
12.6.2 Hot-applied Thermoplastic Bituminous Materials
12.6.3 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 Sealing 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 Sealing Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Crack Sealing 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 Sealing Market Size Forecast by Type
13.6.1 Cold-applied Thermoplastic Bituminous Materials
13.6.2 Hot-applied Thermoplastic Bituminous Materials
13.6.3 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 Sealing 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 Sealing Market: Competitive Dashboard
14.2 Global Crack Sealing 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
