As the automotive industry incurs transition based on rapid and ongoing innovation, OEMs are emphasizing on employing technologies that make the vehicles more efficient in terms of production, fuel consumption, safety, and smart maneuverability. Considering this background, companies manufacturing vehicles and the consumers owning them are using effective sealing solutions. The demand for automotive sealants, particularly for window and exterior applications, continues to witness an upsurge. In few years down the line, brimming sales of SUVs and commercial vehicles will drive the global production of automotive window and exterior seals. Car owners will be inclined towards purchasing advanced seals that can tackle extreme temperatures and resist natural oxidation for the longest of time.
However, the global automotive window and exterior sealing market continues to witness challenges with respect to manufacturing. Predominant use of rubber in the production of automotive window & exterior seals and sealants aggravates the stringent intervention on environmental protection agencies that are constraining manufacturers from extending their capacities. According to Transparency Market Research’s research forecast study, the global automotive window & exterior sealing market is poised to witness a steadfast growth in the foreseeable future.
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Despite the rising pressure on manufacturers with respect to recycling of rubber seals and observing highest degree of environmental compliance, the global market for automotive window & exterior sealing is pegged to reach a value of US$ 15.5 Bn by the end of 2026. Key findings from the study further asses that during the forecast period, 2017-2026, the global automotive window & exterior sealing market will expand robustly at a CAGR of 6.5%.
Majority of Seals will be used for Glass Run Channels; Sealing of Doors to Register Fast Revenue Growth through 2026
The report projects that the demand for automotive window & exterior seals will be high for sealing of glass run channels. In 2017, nearly US$ 2 Bn worth of automotive window & exterior seals will be used for sealing this component. The predominant use of automotive window & exterior seals in sealing the glass run channels is closely associated with their role in boosting driver safety and maintaining the interior vehicle temperatures. Furthermore, doors as a components will also register a high revenue growth, exhibiting a CAGR of 7.1% over the forecast period.
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Seals to be Predominantly Used in Passenger Cars; Aftermarket to Represent Largest Sales Channel during the forecast period
The overall seals produced in the global automotive window & exterior sealing market will be used for passenger cars. In 2017, more than US$ 6.4 Bn worth of automotive window & exterior seals have been used for sealing the exteriors and windows of passenger cars. The report findings also reveals that passenger cars will register fastest revenue growth over the forecast period. In addition, the report estimates that aftermarket sales of automotive window & exterior seals will account for more than half of the global market revenues in 2017 and beyond. OEMs will register an impressive sales growth, while aftermarket sales will dominate the global automotive window & exterior sealing market value by the end of 2026.
Key Manufacturers of Automotive Window and Exterior Seals
The report has profiled leading manufacturers of automotive window & exterior seals, which include Cooper-Standard Automotive Inc., Henniges Automotive Holdings Inc., Hutchinson Sealing Systems, Lauren Plastics LLC, Magna International Inc., Minth Group Ltd., PPAP Automotive, Rehau Automotive S.R.O, Toyoda Gosei Co., Ltd, Standard Profil, and Saar Gummi Group. These companies are poised to remain active in the expansion of the global automotive window & exterior sealing market through 2026.