The automotive window and exterior sealing systems market, in terms of value, is projected to grow at a CAGR of 7.07% from 2016 to 2021. The market is estimated to be USD 18.26 Billion in 2016, and is projected to reach USD 25.69 Billion by 2021. This increase is triggered by various factors which covers various aspects, like need for transportation ignited by increase in urbanization which leads to demand for vehicle that results in increase in demand of sealing systems.
The automotive window and exterior sealing systems market has been segmented on the basis of vehicle type (passenger vehicle, light commercial vehicle, heavy commercial vehicle and electric vehicle), component type (glass run channels, roof ditch molding, door seals, front window shield, rear window shield, hood seals, trunk seals, waist belt seals and glass encapsulation) and region (Asia pacific, Europe, North America and ROW).
In terms of vehicle type, the Electric Vehicle (EV) sealing systems market is projected to grow at the highest CAGR during the forecast period, as these are future emerging market which will propel the overall growth of automotive window and exterior sealing systems market. However passenger vehicle sealing systems market is already matured market, which shows a decent compound annual growth rate during the forecast period.
The door seal segment of the automotive window and exterior sealing systems market is estimated to account for the largest market share, in terms of value, in 2016. The door seal segment leads the automotive window and exterior sealing systems market, due to its common usage in all automotive vehicle either passenger vehicle or commercial vehicle that rolls out of manufacturing unit. The second largest in the segment are waist belt seals with largest market share, in terms of value, in 2016.
The automotive window and exterior sealing systems market is a highly matured market where, most of the vehicles (PC & CV) has to be equipped with sealing systems, in-order to avoid drag force of air, unwanted material, and particulate matter and so on. Some manufacturers are using conventional EPDM which are insoluble in water and toxic to aquatic organisms, which could cause long-term adverse effects in the aquatic environment.
- Cooper-Standard Automotive Inc.
- Dura Automotive Systems
- Henniges Automotive Holdings Inc.
- Hutchinson Sealing Systems
- Lauren Plastics LLC
- Magna International Inc.
- Minth Group Ltd.
- PPAP Automotive
- Rehau Group
- Sumitomo Chemical Co., Ltd
- Toyoda Gosei Co., Ltd
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Automotive Window and Exterior Sealing Systems Market, By Region
7 Automotive Window and Exterior Sealing Systems Market, By Vehicle Type
8 Automotive Window and Exterior Sealing Systems Market, By Component Type
9 Competitive Landscape
10 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/mjth2d/automotive_window
Laura Wood, Senior Manager
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/automotive-window-and-exterior-sealant-market-to-reach-2569-billion-by-2021---by-region-vehicle--component-type---need-for-transportation-ignited-by-increase-in-urbanization---research-and-markets-300401139.html
SOURCE Research and Markets