The global automotive window and sealing systems market is witnessing growth on account of the growing vehicle manufacturing industry. Continuous efforts by original equipment manufacturers (OEMs) to make vehicles fuel-efficient by using advanced polymers in the manufacture of automotive window and sealing systems is also helping in this regard. According to P&S Intelligence, the market is projected to reach $38.7 billion by 2025, witnessing with a CAGR of 7.6% during the forecast period (2018–2025).
Waist belt seal, glass run channel, roof ditch molding, and hood seal are some commonly used products for sealing individual automobile components. For better understanding, the automotive window and sealing systems market has been segmented by component, material, application, end use, and region. The material segment is further categorized into ethylene propylene diene monomer (EPDM), thermoplastic elastomer (TPE), thermoplastic vulcanizer (TPV), and others. Among these, EPDM held over 85% market share in 2017 in terms of sales volume; however, systems made of TPE and TPV are being increasingly bought owing to their high heat and chemical resistance.
In the past few years, the demand for advanced automotive window and sealing systems has increased due to the rise in vehicle sales. As per a Times of India report dated January 2018, car sales in India crossed the three million mark for the first time in 2017. Furthermore, sales of passenger vehicles grew by 9.2% in 2017, reaching nearly 3.2 million as against 2.9 million in 2016. Globally, light passenger vehicle sales stood at 84.24 million units according to a Business Insider report.
Another trend with respect to the automotive industry has been the worldwide demand for better fuel economy in vehicles. Since industrialization is resulting in environment degradation and subsequent global warming, the results of which are irreversible climate change and uncertain weather conditions, the demand for eco-friendly technology is on the rise. Certain polymers used in automotive window and sealing systems are lightweight, which further reduces the weight and fuel consumption of the vehicle. Thus, with the increasing use of modified polymers by OEMs, the automotive window and sealing systems market is witnessing significant growth globally.
In view of this, electric vehicles are also expected to provide OEMs with a lucrative opportunity for growth. Presently, a considerable number of people are apprehensive about e-cars because of the range limitations of these vehicles. Therefore, manufacturers are working actively towards making these vehicles lightweight to increase their fuel economy and thereby the range. Hence, the growing use automotive window and sealing systems made from lightweight polymers is expected to aid in the automotive window and sealing systems market progress in the near future.
Thus, it can be concluded that the rising demand for fuel-efficient vehicles and growth in the automotive industry are driving the domain globally.
Waist belt seal, glass run channel, roof ditch molding, and hood seal are some commonly used products for sealing individual automobile components. For better understanding, the automotive window and sealing systems market has been segmented by component, material, application, end use, and region. The material segment is further categorized into ethylene propylene diene monomer (EPDM), thermoplastic elastomer (TPE), thermoplastic vulcanizer (TPV), and others. Among these, EPDM held over 85% market share in 2017 in terms of sales volume; however, systems made of TPE and TPV are being increasingly bought owing to their high heat and chemical resistance.
In the past few years, the demand for advanced automotive window and sealing systems has increased due to the rise in vehicle sales. As per a Times of India report dated January 2018, car sales in India crossed the three million mark for the first time in 2017. Furthermore, sales of passenger vehicles grew by 9.2% in 2017, reaching nearly 3.2 million as against 2.9 million in 2016. Globally, light passenger vehicle sales stood at 84.24 million units according to a Business Insider report.
Another trend with respect to the automotive industry has been the worldwide demand for better fuel economy in vehicles. Since industrialization is resulting in environment degradation and subsequent global warming, the results of which are irreversible climate change and uncertain weather conditions, the demand for eco-friendly technology is on the rise. Certain polymers used in automotive window and sealing systems are lightweight, which further reduces the weight and fuel consumption of the vehicle. Thus, with the increasing use of modified polymers by OEMs, the automotive window and sealing systems market is witnessing significant growth globally.
In view of this, electric vehicles are also expected to provide OEMs with a lucrative opportunity for growth. Presently, a considerable number of people are apprehensive about e-cars because of the range limitations of these vehicles. Therefore, manufacturers are working actively towards making these vehicles lightweight to increase their fuel economy and thereby the range. Hence, the growing use automotive window and sealing systems made from lightweight polymers is expected to aid in the automotive window and sealing systems market progress in the near future.
Thus, it can be concluded that the rising demand for fuel-efficient vehicles and growth in the automotive industry are driving the domain globally.
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