Global Automotive Window And Exterior Sealing Market By Vehicle Type (Passenger Car, Heavy Commercial Vehicles (HCV)), By Component Type (Glass Run Channel Seals, Roof Ditch Molding Seals), By Geographic Scope And Forecast

Automotive Window And Exterior Sealing Market Size And Forecast

Automotive Window And Exterior Sealing Market size was valued at USD 23.57 Billion in 2023 and is projected to reach USD 42.43 Billion by 2030 expanding at a CAGR of 7.54% from 2024 to 2030. The rise of lightweight sealants, the command of modified elastomers, the recent trend of thermoplastic materials in the automotive industry, spontaneous growth of the electric vehicle industry are the factors that will boost the market growth. The Global Automotive Window And Exterior Sealing Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Automotive Window And Exterior Sealing Market Overview

The necessity of lightweight sealants is expected to drive market growth. In the automotive industry, lightweight design is crucial for increased applicability and low costs, aesthetics, and meeting the consumer's expectations. The lightweight sealants are required since they are 70% lightweight. The Merbenit E20 -Lightweight SMP Sealant is used in construction and transportation activities. It has low specific gravity and aids in reducing the unladen weight and fuel consumption of vehicles. It is flexible and exhibits elastic properties, and can be used to absorb vibrating elements, isolate voids and noise, and in gasket compression.

The modifications in elastomers are anticipated to boost market growth. Kuraray helps to achieve the rise in performance, efficiency, affordability, and exterior quality with the help of experts by providing the right product for the specific condition. The Kuraray Liquid Rubber is a structural adhesive for enhancing the adhesion to metallic surfaces. Both Liquid Isoprene Rubber (LIR) and Liquid Butadiene Rubber (LBR) can be used in adhesive and sealant formulations for suitable property modifications. The upsurge of thermoplastic materials in the automation industry is creating new opportunities in the market. Thermoplastic materials have become increasingly popular, due to their several benefits such as low weight and less fuel consumption. The relevant thermoplastic materials are composed of polycarbonate, polypropylene, polyamide 6, polyurethane, and polyvinyl chloride.

The spontaneous growth of the electric vehicle industry is likely to fuel market growth. Electronic vehicle sales continue to inflate rapidly, and they grew to more than two million units globally in 2018. The sealants being replaced by laser technology is a significant restraint that will hamper the market growth. The lasers offer considerable benefits in comparison to conventional techniques. They provide enhanced flexibility and ease of automation. The volatility in the price of the exterior parts of the vehicle, the cost incurred in the design, and infrastructure procedure are the challenges that will affect the market growth.

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Global Automotive Window And Exterior Sealing Market Segmentation Analysis

The Global Automotive Window And Exterior Sealing Market is Segmented on the basis of Vehicle Type, Component Type, And Geography.

Automotive Window And Exterior Sealing Market, By Vehicle Type

• Passenger Car
• Heavy Commercial Vehicles (HCV)
• Light Commercial Vehicles (LCV)
• Electronic Vehicles (EV)

Based on Vehicle Type, the market is segmented into Passenger Car, Heavy Commercial Vehicles (HCV), Light Commercial Vehicles (LCV), and Electronic Vehicles (EV). The Passenger Car is predicted to hold for the largest market share. The factors can be credited for the increase in market share of 74% and a rise in manufacturing and production.

Automotive Window And Exterior Sealing Market, By Component Type

• Glass Run Channel Seals
• Roof Ditch Molding Seals
• Exterior Sealing

Based on Component Type, the market is bifurcated into Glass Run Channel Seals, Roof Ditch Molding Seals, and Exterior Sealing. The Glass Run Channel Seal is anticipated to obtain the highest CAGR in the forecast period. The primary advantage of using the Glass Run Channel Seals is used in all traditional passenger and commercial vehicles. The roof ditch seals are used in commercial vehicles but not in Passenger Vehicles.

Automotive Window And Exterior Sealing Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world
• On the basis of Geography, the Global Automotive Window And Exterior Sealing Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The Asia Pacific is forecasted to hold the largest market share. The attendance of swift developing regions such as China, India, and Korea, have increased the capacity of vehicle production over the years. The Original Equipment Manufacturer (OEMs), caters not only to the domestic need but to the international need as well.

Key Players

• The "Global Automotive Window And Exterior Sealing Market" study report will provide a valuable insight with an emphasis on the global market. The major players in the market are
• Cooper-Standard Automotive, Henniges Automotive Holdings, Hutchinson Sealing Systems, Lauren Plastics, Magna International, Minth Group, PPAP Automotive, Rehau Automotive S.R.O, Toyoda Gosei, Standard Profil and Saar Gummi Group.

Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

Key Developments

• In September 2020, REHAU announced the launch of the new System 190 hung-slider design with an integrated RAUSHIELDTM storm protection system for the US market. This innovation extends the proven high-performance uPVC side-load window line with an economical solution for meeting hurricane impact codes in residential and light commercial buildings.
• In January 2020, Cooper Standard declared its diversification strategy through its Advanced Technology Group (ATG) and announced three new agreements to jointly develop commercial applications of its proprietary Fortrex chemistry platform. Two agreements have been signed with consumer goods companies and the third signed with an industrial goods company.
• Henniges Automotive Holdings Inc., a leading supplier of highly engineered sealing and anti-vibration systems for the global automotive market, announced it has been acquired by AVIC Automotive Systems Holding Co., Ltd. (AVIC Auto), a wholly-owned subsidiary of Aviation Industry Corporation of China (AVIC), which is also the professional platform for the development of automotive parts for the AVIC group.
• To satisfy the developing need Toyoda Gosei Automotive Sealing Mexico, S.A. de C.V. (TGASMX) plans to build its creation limit with respect to weatherstrips to roughly 1.5 occasions the current level as vehicle creation expansions in North America, particularly in Mexico.
• In May 2016, Magna International Inc. introduced its new office, the Magna Exteriors Queretaro, to fabricate car outside items.
• In August 2016, Cooper Standard acquired AMI Industries (Michigan, U.S.) This choice is straightforwardly lined up with Cooper Standard's productive development technique. AMI works fabricating plants in Michigan and Indian in the U.S. and China.