Concrete Expansion Joint Fillers Market Size, Share, Growth, and Industry Analysis, By Type (Asphalt Expansion Joint, Foam Expansion Joint, Rubber Expansion Joint, Cork Expansion Joint and others), By Application (Buildings, Roads, Bridges and others), and Regional Forecast to 2027

Updated On: 08 April 2024

REPORT OVERVIEW

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The global concrete expansion joint fillers market size was USD 862.6 million in 2020. As per our research, the market is expected to reach USD 1049.1 million in 2027, exhibiting a CAGR of 2.8% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with concrete expansion joint fillers market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

A concrete expansion joint filler is a substance, generally a polymer or metal that is placed into an expansion joint to prevent leakage and to protect the surrounding components from thermal expansion. Expansion joints are used in construction to accommodate movement induced by temperature changes. Without them, a structure's materials would expand and contract at different rates, resulting in fractures and other damage. The purpose of concrete expansion joint fillers is to relieve tension induced by temperature fluctuations, concrete shrinkage, and movement. They are used to join concrete pieces with varying thermal coefficients of expansion. The joint filler can be made of a solid substance like metal or plastic, or it can be made of foam, which is the most frequent variety.

Fibreboard expansion joint fillers are used to mend fractures in fibreglass insulation while simultaneously serving as a thermal insulator. Fibreboard is formed of wood fibres that have been resin-bonded together. Polyester resin-based glass wool is the most prevalent form of fibreglass used in the production of boards. Foam expansion joint fillers are expansion joint fillers that are used to bridge gaps between two surfaces. They are often comprised of flexible foam that has been particularly engineered for use in expansion joints, and they are frequently used to fill gaps or voids in concrete, brick, or other masonry surfaces. Foam expansion joint fillers can create a watertight barrier while also preventing water intrusion and reducing vibration and noise.

COVID-19 Impact: Market Distortion Factors Affected the Market Growth

The COVID-19 epidemic had a detrimental influence on the market; several factories were forced to close because to the global lockdown. Manufacturing plants were temporarily shut down, generating a disturbance in the supply chain that hindered the market. Additionally, a scarcity of labour on the manufacturing site and a reduction in raw material import and export hindered joint fillers component production, restricting joint fillers spending in end-use sectors; such circumstances halted the market. Additionally, the epidemic has a severe influence on the enterprise's corporate operations, harming products entire market share.

LATEST TRENDS

"Advancements in the technological features to stimulate market expansion"

Companies work hard to manufacture, store, and deliver an exceptional assortment of concrete expansion joint fillers. These are used for filling expansion joints between reinforced concrete slabs at predetermined intervals and at intersections with other works in roads, platforms, runways, dams, bridges, and buildings, among other things. Furthermore, the quality testers inspect these fillers on a variety of characteristics. As a result, they are highly resilient, easy to handle, and of high quality. Thus, the process of developing new advancements in the technological features is a major trend that is creating opportunity for the industry to flourish. The market's overall expansion is primarily the result of these recent changes.

SEGMENTATION

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• By Type

The market is divided into categories based on type Asphalt Expansion Joint, Foam Expansion Joint, Rubber Expansion Joint, Cork Expansion Joint and others.

• By Application

The market is divided into Buildings, Roads, Bridges and other categories based on application.

DRIVING FACTORS

"Increasing Demand for Construction and Infrastructure that Boosts the Market"

Buildings employ concrete expansion joint fillers for a number of purposes. One purpose is to aid in the management of the concrete slab's mobility. The movement of the concrete slab might cause cracking and other structural damage to the structure. You may help regulate this movement and prevent damage by employing expansion joints. Buildings are one of the most typical areas to encounter a concrete expansion joint. They are often put between concrete pieces that differ in some way Bridges frequently employ concrete expansion joints. This is due to the fact that a bridge is continuously under stress as it carries traffic. As a result, the concrete may shift and break. You may help control this movement and avoid damage by utilising an expansion joint. 

Buildings are one of the most typical areas to encounter a concrete expansion joint. They are often put between concrete pieces that differ in some way Roads are another popular application for concrete expansion joints. They are often put between concrete pieces that differ in some way. This might be because they were poured at separate periods, or because they were made of different materials. You may help limit the movement of the concrete and avoid damage by employing an expansion joint. This might be because they were poured at separate periods, or because they were made of different materials. Consequently, during the predicted period, increased product dependence will support industry growth. As a result, the market will benefit from growth and adoption of the product in various sectors. It will help the chemicals and advanced materials sector flourish and accelerate the concrete expansion joint fillers market growth.

"Availability of product in different varieties fuelling the market expansion"

An asphalt expansion joint is a type of material that is used to fill gaps or holes between concrete slabs. Bitumen, fibreboard, and mineral wool are used to make this sort of expansion joint. To minimise cracking and damage caused by motions such as thermal expansion and contraction, an asphalt expansion joint is constructed between two concrete slabs. Asphalt expansion joints allow the pavement to expand and contract in response to temperature variations. They're often constructed of a flexible material like rubber or plastic a foam expansion joint is a type of building material that is commonly used in bridge and road construction to fill the gap between two objects.

The material is placed in a specifically engineered cavity and allowed to expand to fill the whole gap. This forms a watertight seal, preventing moisture and debris from entering and inflicting harm. As the temperature varies, the foam expands and compresses, absorbing the thermal movement of the concrete Rubber expansion joints are a type of building material that absorbs movement between two adjacent surfaces. It's constructed of an elastomeric substance, like rubber, that can be squeezed and extended without breaking. When put in a structure, it serves to protect the surrounding components from movement-induced stress or damage. Rubber Expansion Joints are frequently utilised in bridges, roadways, and other building projects where movement is expected. Together, these elements are encouraging market expansion, which is raising business revenues. As a result, the market will grow thanks to the growing availability of product in different varieties

RESTRAINING FACTORS

"Lack of Knowledge of the product Will Prevent Market Expansion"

A concrete expansion joint fillers should be able to withstand enough compression, which may be required as cracks diminish due to weathering effects. Furthermore, when compressed, they should not lose more than 5% of their weight. The compressive behaviour of the expansion joint filler in summer should be reversed in winter when the joints are opened. The material must recuperate in tandem with the joint. If it fails to do so, it may result in an empty space where water and solid objects might infiltrate and cause damage. This will be a significant impediment to market growth during the forecast period. This could be a significant issue limiting market growth. If this issue is resolved, the market will immediately begin to grow.

REGIONAL INSIGHTS

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"North America Dominates the Global Market Owing to the High Consumption in The Region"

Since this area is the largest user of the product, the market for concrete expansion joint fillers in North America has profited from the region's expanding industrial development and several driving factors that have boosted the potential sectors. The increasing demand for products in the Buildings, Roads, Bridges and other industries is one of the important factors driving the concrete expansion joint fillers market share. Rapid urbanisation trends will further strengthen the market as a whole.

KEY INDUSTRY PLAYERS

"Leading Manufacturers to Boost Product Demand"

The analysis covers data on market participants and their positions within the industry. Through appropriate research, mergers, technological development, expanding production facilities, and collaboration, data is being gathered and made available. Information on manufacturers, regions, types, applications, sales channels, distributors, traders, dealers, research findings, and more is provided in the study on materials.

List of Market Players Profiled

• GCP Applied Technologies (U.S.)
• Watson Bowman Acme (U.S.)
• EMSEAL Joint Systems (U.S.)
• MM Systems (U.S.)
• W. R. Meadows (U.S.)
• LymTal International (U.S.)
• DS Brown (U.S.)

REPORT COVERAGE

The study goes into great detail about market segmentation by type and application. The study examines a broad range of participants, including existing and potential market leaders. A considerable market expansion is anticipated as a result of several important factors. In order to provide market insights, the research additionally analyses elements that are probably to boost concrete expansion joint fillers market share. The report makes forecasts for market expansion during the projected time period. The objective of the regional study is to explain why one region dominates the worldwide market. There are a lot of issues that have all been carefully considered that prevent the industry from growing. The research also contains a market strategic analysis. It includes thorough market information.