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Global Automotive Window and Sealing Systems Market – Analysis and Forecast (2018-2024)

Automotive window and sealing system is the essential safety aid for the vehicle.

industry Overview

An automotive window and sealing system is the essential safety aid for the vehicle. It is of the rubber or plastic material that seals the edges of the vehicle window, doors, windshields, trunk lid, etc. The growing passenger & commercial vehicle market and mounting demand for electric vehicles are the major factors driving the growth of the global automotive window and sealing systems market. Different components contributed to the automotive window and sealing systems market size. The market has witnessed high demand for door seals in the coming years due to general usage in all automotive vehicle both passenger vehicle or commercial vehicle that revolves out of the industrial unit.

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Industry Trends

Increasing usage of thermoplastics in the automotive industry and the growing inclination of OEMs towards lightweight sealants are the trends in the automotive window and sealing systems market.

Growth Drivers

Industry moving towards lightweight sealants, growing passenger & commercial vehicle market, the mounting requirement for transportation ignited by an upsurge in urbanization, mounting demand for electric vehicles, mounting disposable income and mounting need for modified elastomers are the primary growth drivers for automotive window and sealing systems market. For instance, mounting population, and urbanization leads to increased demand for vehicles that effects the mounting need for automotive window and sealing systems. Moreover, advanced disposable income resulted in the augmented production of passenger cars and commercial vehicles.

The growing trend of using thermoplastic material in the automotive industry, mounting need for automotive window system and mounting fuel economy of vehicles are also facilitating the growth of the automotive window and sealing systems market.

Challenges

Substitute to sealants such as laser technology, design and installation issues and environmental issues related to EPDM-related volatile organic compounds are the major challenges for the growth of the automotive window and sealing systems market. For instance,

Industry Ecosystem

Globally industry players are leveraging market growth through launching new products. Moreover, the high level of capital requirement also poses a major barrier for the entry of new players. This offers an edge to the established players in the industry competition.

Geographic Overview

Geographically, Asia-Pacific is the largest automotive window and sealing systems market and is observed to witness the fastest growth in the market due to the vehicle production market. Upsurge in automotive window and exterior sealing systems volumes, upsurge in disposable income, improvement in lifestyle and availability of low-cost labour are also up surging growth of the Asia-Pacific automotive window and sealing systems market.

Competitive Insight

Key players in the automotive window and sealing systems market are catering for the demand by collaborating with small players and investing in the technologically advanced automotive window and sealing systems across the globe. In July 2018, Cooper Standard signed an agreement to acquire Lauren Manufacturing and Lauren Plastics, to expertise in sealing solutions for industrial and speciality automotive applications.

Cooper-Standard Automotive Inc., Toyoda Gosei Co., Ltd., PPAP Automotive, Hutchinson Sealing Systems, Sumitomo Chemical Co., Ltd., Rehau Group, Minth Group Ltd., Magna International Inc., Minth Group Ltd., and Dura Automotive Systems are the key players offering automotive window and sealing systems.

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