Seal coating, or pavement sealing, applies a protective coating to asphalt-based pavements to offer a coating of protection from elements like oils, water, and ultraviolet (UV) damage. According to BlueQuark Research and Consulting, the global Seal Coat market is expected to grow considerably during the forecasted period. Factors such as increasing commercial construction activities, pavement construction, rapid industrialization, and urbanization are expected to drive the global seal coat market in the forecasted period. Further, the expanding need for infrastructure development and maintenance, which has been increasing due to urbanization and the rising demand for transportation, drives the global seal coating market in the forecasted period. However, refined coal tar sealers, the shiny, black sealant, contain toxic compounds like PAHs (polycyclic aromatic hydrocarbons) that can negatively impact humans and the environment. This has led to banning of the product in several cities, which may hinder industry growth.

The driveways & parking lots segment is predicted to generate maximum product demand as they are more revealed to corrosive chemicals, like gasoline and other automotive liquid leaks. These external elements can weaken and eventually damage the layers of the driveways. Seal coat applications are a barrier to chemicals, UV rays, water, or corrosive material. Coat seals save money and time spent repairing damages and cracks on driveways & parking areas, thereby expanding their lifespan. Seal coatings reduce the effects of asphalt binders or other materials in parking lots or driveway construction, thereby increasing lifespan. Further, seal coatings protect by blocking harmful intrusions such as oils, water, and ultraviolet (UV) ray damage. These coatings also outcome in a slip-resistant surface and are aesthetically pleasing due to their deep black finish, which adds elegance to the parking lot or driveway. Moreover, driveways or parking lots are revealed to excessive chemicals like gasoline and water. Such external elements can weaken and eventually damage the layers of Asphalt. Applying a seal coat is a hurdle to water, chemicals, and even UV rays. It also saves finances and time spent repairing cracks and demolishing the driveway or parking lot, raising its lifespan. In North America and Europe, almost every building (small to extensive housing or high-rise buildings) has driveways and parking lots. Additionally, shopping centres, schools, hospitals, malls, theatres, airports, stadiums, etc., have driveways and parking lots. The rising construction of such buildings and other commercial institutions in these regions is predicted to propel the market for seal coats in the forecasted period.

North America is expected to be a significant regional ground for the sealing coatings market. Seal coats extend the life of pavements, roadways, driveways, racetracks, and other capital assets by protecting the pavement from the natural ageing process caused by water, debris, chemical leaks, and ultraviolet rays. These coatings add long-lasting properties and give the paved surface a clean, uniform look. Some of the critical advantages provided by sealing coating consist of improvement in skid resistance, renewed weathered pavements, restoration of a consistent cover, filling minor cracks or surface voids, prevention of the intrusion of air or moisture, reducing ravelling, and acceptable aggregate treatments can also improve street sweeping. Asphalt sealer and refined coal tar-based sealers are two important options for seal coating road surfaces. The coal tar-based sealers are recommended for most applications due to their superior performance. Other options than these two are generally less considered due to their high costs for most applications. The asphalt pavement expenditure in the country is estimated in the residential and non-residential construction segments. With the surging trend of nuclear families in the territory, apartments have become one of the significant preferences, dominating the construction of high-rise residential buildings and townships, thus extending parking spaces, walkways, and driveways in such segments. Due to several countries ' bans on refined coal tar-based sealers, the asphalt-based sealing coatings segment is predicted to grow significantly in the forecasted period. Asphalt-based sealings are seeing high adoption due to their compliance with environmental norms. Due to the ecological effects of conventional goods and materials, there has been a significant rise in the need for environmentally friendly and sustainable products in recent years. Organizations are creating new, harmless, manageable advancements in the ecosystem. One of the most recent seal coats to be developed is water-based. Water-based seal coats are becoming increasingly 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. They are a better option for customers due to they are easier to apply and remove. Therefore, these factors are predicted to enhance the demand for seal coats in North America, driving the industry's growth.

Some market key players are Basf, RaynGuard Protective Materials, Alumasc exterior building products ., and Bb fabrication Renaulac.

In August 2022, Kratos Capital acquired their client LS Systems, by Sciens Building Solutions, a portfolio company of the Carlyle Group. Based in Arbutus, MD, LS Systems is an industry leader in safety and security systems designs. They offer comprehensive solutions and customer service by combining leading technology with passionate problem-solving abilities. They specialize in safety, security, and communication needs, with services ranging from design to installation to cloud-based management.

In November 2022, Solvay launched Reactsurf 2490, a new APE-free1 polymerizable surfactant planned as a primary emulsifier for vinyl-acrylic, acrylic, and styrene-acrylic latex systems. Reactsurf 2490 enhance emulsion performance to deliver superior functional and aesthetic advantages in exterior coatings and pressure-sensitive adhesives (PSAs), compared to conventional surfactants, even at high temperatures. In addition to exterior coatings and pressure-sensitive adhesives, other general uses of Reactsurf 2490 include paint binders, adhesives & sealants, paper coatings, textile & nonwoven binders, and building & construction applications.

Global Seal Coat Market report provides deep insight into the Industrial market's current and future state across various regions. The study comprehensively analyses the Seal Coat Market by segmenting based on Product Type (coal-based, Asphalt, Acrylic, and Other Types), Application (Pavements and Repair/Refurbishment), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East & Africa). The report examines the market drivers and restraints and the impact of COVID-19 on market growth in detail. The study covers emerging market trends, development, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with prominent companies and profiles, including their market shares and projects.