Weatherstrip Seal Market Size, Growth Analysis Report, 2023-2032
Weatherstrip Seal Market Size, Growth Analysis Report, 2023-2032

Weatherstrip Seal Market Share, Size, Trends, Industry Analysis Report, By Material Type (PVC (Polyvinyl chloride), EPDM (Ethylene Propylene Diene Monomer), and Others); By Application; By End-Use; By Region; Segment Forecast, 2023 - 2032

  • Published Date:Jun-2023
  • Pages: 114
  • Format: PDF
  • Report ID: PM3349
  • Base Year: 2022
  • Historical Data: 2019-2021

Report Outlook

The global weatherstrip seal market was valued at USD 8.50 billion in 2022 and is expected to grow at a CAGR of 3.3% during the forecast period. Weatherstrip sealing is the procedure of securing openings in windows, trunks, and doors from above the water. The term can be used to describe the materials employed in such sealing procedures. This procedure reroutes or returns the water to achieve the goal of preventing rain and water from entering any quantity. It also aims to preserve interior air quality while reducing energy consumption for heating and cooling. It is utilized in cars and is conveniently located on the inside, which must be sealed off from the outside environment.

Weatherstrip Seal Market Size

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The weatherstrip seal industry has also received the necessary boost as a result of the rise in demand for sustainable building practices, rising government regulations, and the adoption of the green building concept. As per the Forbes Report, the United Nations has set several courageous goals for sustainable building. For instance, as per the United Nations Environment Programme, the Paris Agreement specifies that by 2030, the objective reduction rate for energy intensity per square meter in buildings will be about 30%. Engineering and construction firms are being compelled by stricter requirements to seek out more circular and sustainable solutions.

Further, the widespread use of seals in the automotive sector to block the passage of dust, noise, air, and water is giving the seal industry a positive outlook and, in turn, boosting its long-term sales. The increased importance of long-term infrastructure and construction-related spending on industrialized nations' agendas tends to drive up demand for and sales of weatherstrip seals. As a result of the advantages over the on-site building, mounting off-site construction activities and prefabricating components have gained popularity, which has increased demand for weatherstrip seals.

Due to the expanding urbanization, rising property prices, and increased building activity, seal sales are expected to increase globally. The expansion of off-site projects in the construction sector has raised the demand for weatherstrip seals, and this trend is anticipated to get strong support from developers and contractors. These elements are projected to fuel the market growth for weatherstrip seals.

During the pandemic outbreak, which rarely benefited any markets, the auto beauty sector was exceptional. The unexpected pandemic outbreak prevented the Weatherstrip Seal Market from growing. The market and transportation were suspended, which resulted in a significant drop in the car industry. The market closure affected the expected sales increase in the automotive sector. Less individuals traveled by automobile as a result of the ban on going outside, which reduced the need for automotive beauty products. There was a decline in the supply of the good as well as its demand because the pandemic caused the producing sectors to shut down.

Weatherstrip Seal Market Size

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Industry Dynamics

Growth Drivers
The growing urbanization and rising building and housing activities are expected to lead to an increase in seal sales on a worldwide scale. The rapidly increasing construction sector is the major factor driving the growth of the market. As per the National Investment Promotion & Facilitation Agency, by 2025, it is anticipated that India's construction market will be worth $1.4 Tn. In India, where urbanization is expected to increase from 33% to over 40% of the population by 2030, there will be a need for 25 Mn more mid-range and affordable housing units.

India has a $1.4 trillion investment budget for infrastructure under the National Investment Plan (NIP), with 24% going to renewable energy, 18% to roads and highways, 17% to urban infrastructure, and 12% to railroads. Urban planning that is more relevant and technology-driven is expected to enhance living standards in programs like the ground-breaking Smart City Mission (target 100 cities). To begin an exciting era in the Indian construction technology sector, 54 innovative and dynamic construction technologies were identified under a Technology Sub-Mission of PMAY-U.

Further, heat loss may be stopped by using weatherstrip seals. Innovative weather-stripping alternatives can be used to seal the moving window sashes. The procedure is important because it increases buildings' energy efficiency and stops air leaks. Weatherstripping is useful because it can survive wear and tear, rubbing, weather, temperature variations, and other factors specific to its location.

Weatherstripping may drag on carpeting or deteriorate from foot activity when used on a door threshold or bottom. Although allowing the door or windows to open easily, the weatherstripping should provide a tight seal whenever closed. These materials might, however, be useful in places with little traffic because of how simple it is to apply them. Vinyl holds up well and prevents moisture while being slightly more costly. An attractive finishing touch for older homes where vinyl would look out of place is metal weatherstripping. Therefore, the rising construction industry is assisting the market to grow rapidly.

Report Segmentation

The market is primarily segmented based on material type, application, end-use, and region.

By Material Type

By Application

By End-Use

By Region

  • PVC (Polyvinyl chloride)
  • EPDM (Ethylene Propylene Diene Monomer)
  • Others
  • Windows
  • Windshields
  • Engine Hood
  • Doorframe
  • Automotive
  • Construction
  • Industrial
  • Others
  • North America (U.S., Canada)
  • Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
  • Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
  • Latin America (Brazil, Mexico, Argentina)
  • Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

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The automotive segment is expected to witness the fastest growth over the forecast period

Demand is expected to increase over the projection period due to the increase in automated production. Due to the high demand for automobile windows and doors, the automotive industry is anticipated to lead weatherstrip sealing material sales after the building industry. Even while stopped or moving at top speed, a vehicle's weatherstrip seal performs the same function.

Extreme cold and heat can be endured, motion vibration can be accommodated, it can withstand longer prolonged exposure to light, and it can withstand vehicle chemicals including oil, gasoline, and windscreen washer fluid. It contributes significantly to maintaining the comfort of the ride because it helps keep noise inside the compartment by partially sealing it. When driving over bumps, it is utilized in cars to prevent water from entering the car. Metallic weatherstrips are becoming more and more popular in automobile industry applications.

Further, the construction industry is also driving segmental growth. The entrance, windows, and windscreens are all sealed. It delivers a long-lasting service and great weather protection, which is expected to attract customers on the international market. For PVC windows and doors as well as aluminum sliding windows, it can be used around the edges of the doors. It traps the chilly air inside the structure and stops it from escaping. It keeps the air from leaving, which is anticipated to help the global market expansion.

PVC (Polyvinyl chloride) segment industry accounted for the largest share in 2022

PVC weatherstrip seal is holding the largest market share. For more than 50 years, PVC has been widely utilized in a variety of construction-related items. Due to its inherent flame resistance and strong electrical insulating capabilities, PVC is ideal for cabling applications. Due to their ability to endure moisture, vinyl weatherstrips are preferred. These characteristics can make vinyl a costly sealing material. Throughout the projected term, metal is anticipated to expand at the quickest rate due to its attractive finish and ability to be used in older projects where vinyl would not be appropriate.

North America dominated the industry in 2022

Sales of weatherstrip seals are dominated by North America, which can be attributable to the ongoing demand from the construction and automobile industries. The long-term infrastructure improvement plans are also significantly boosting sales of seals. Also, different business and governmental institutions in the US are advancing the idea of green building as the trend towards sustainable development accelerates.

Further, The need for weatherstrip seals is probably being driven by rising industrial activity and construction activity in nations. The growth of the industry will also be fueled by an increase in consumer spending power and a shift in material and property preferences. For instance, in February 2023, In 2030, if the Lifestyles for the Environment (LiFE) project, put out by India, is widely adopted, it might result in a reduction of more than 2 billion tonnes of carbon dioxide emissions through behavioral change and sustainable consumption. With an emphasis on reducing CO2 emissions, developing nations are spending extensively on the green industry, which is also assisting in the expansion of weatherstrip sealing.

Competitive Insight

Some of the major players operating in the global market include Cooper Standard Corporation, Guihang Corporation, Hutchinson Corporation, Henniges Incorporation, Haida Corp., Hubei Zhengo Corporation, Kinugawa Rubber Pvt. Ltd., Magna International Corporation, Nishikawa Corporation, Qinghe Huifeng, SaarGummi GmbH, Tokai Kogyo Inc., Toyoda Gosei, and Xiantong Limited

Recent Developments

  • In August 2020, Weatherstrips from Toyoda Gosei are found on the Lexus LC 500 Convertible, which debuted in July 2020. Rubber and plastic components called weatherstrips are used to seal door and window trims to keep out dust, wind, and rain.

Weatherstrip Seal Market Report Scope

Report Attributes

Details

Market size value in 2023

USD 8.75 billion

Revenue forecast in 2032

USD 11.69 billion

CAGR

3.3% from 2023- 2032

Base year

2022

Historical data

2019 – 2021

Forecast period

2023 – 2032

Quantitative units

Revenue in USD billion and CAGR from 2023 to 2032

Segments Covered

By Material Type, By Application, By End-Use Industry, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Key Companies

Cooper Standard Corporation, Guihang Corporation, Hutchinson Corporation, Henniges Incorporation, Haida Corp., Hubei Zhengo Corporation, Kinugawa Rubber Pvt. Ltd., Magna International Corporation, Nishikawa Corporation, Qinghe Huifeng, SaarGummi GmbH, Tokai Kogyo Inc., Toyoda Gosei, and Xiantong Limited

FAQ's

The global Weatherstrip Seal market size is expected to reach USD 11.69 billion by 2032.

Top Market Players in the Weatherstrip Seal Market are Cooper Standard Corporation, Guihang Corporation, Hutchinson Corporation, Henniges Incorporation, Haida Corp., Hubei Zhengo Corporation, Kinugawa Rubber Pvt. Ltd.

North America contribute notably towards the global Weatherstrip Seal Market.

The global weatherstrip seal market expected to grow at a CAGR of 3.3% during the forecast period.

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