Automotive Windows and Exterior Sealing - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Automotive Windows and Exterior Sealing Market is accounted for $20.93 billion in 2018 and is expected to reach $42.09 billion by 2027 growing at a CAGR of 8%. Rising demand for modified elastomers and increasing passenger & commercial vehicle market is likely to boost the growth of the market. However, EPDM material’s environmental issues are likely to hamper the profit boundaries.
Automotive window and exterior sealing systems are the rubber/plastic material that seals the edges of a vehicle's windshield, windows, doors, engine hood, trunk lid, etc. The specific force heralding the high sales of automotive windows and exterior sealing is their short lifespan, which demands frequent replacement. Since 'comfort' is no longer a USP, but a viable feature in the automotive industry, carmakers are dedicating their efforts has been creating opportunities for the manufacturers of automotive windows and exterior sealing, to offer qualitative sealing that offers protection against weather extremities and external noise.
Based on the component type, the glass run channels are the most widely used due to the low cost of production. The plastic reinforced glass that is preferred in the automotive industry can easily mass produce and the cost of production increases. The window sealant system is very effective in insulating the interior of the automobile from the onslaught of heat and dust particles, thus acting as thermal and physical insulator providing airtight protection to the vehicle interiors.
By geography, the Asia Pacific region is estimated to account for the largest share, in terms of value, of the global automotive window and exterior sealing systems. The region comprises some of the fastest developing economies in the world. This has led to an increase in vehicle production volumes over the years, with OEMs catering not only to the domestic demand but to overseas demand as well.
Some of the key players in the Automotive Windows and Exterior Sealing Market include Toyoda Gosei Co Ltd, Sumitomo Chemical Co Ltd, Rehau Group, PPAP Automotive, Minth Group Ltd, Magna International Inc, Hutchinson Sealing Systems, Henniges Automotive Holdings Inc, Dura Automotive Systems, Cooper-Standard Automotive Inc, Standard Profil, SaarGummi, Nishikawa Rubber, Hwaseung and Kinugawa.
Vehicle Types Covered:
• Passenger Car
• Light Commercial Vehicle (LCV)
• Heavy Commercial Vehicle (HCV)
• Electric Vehicles (EV)
Component Types Covered:
• Glass Run Channel
• Waist Belt Seals
• Trunk Seals
• Inner & Outer Belts
• Roof Ditch Molding
• Rear Windshield Seals
• Hood Seals
• Glass Encapsulation
• Front Windshield Seals
• Door Seals
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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