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Title Rapid Urbanization Driving Adoption of Automotive Window and Sealing Systems
Category Automotive --> Automotive Parts
Meta Keywords Automotive,armor,cars
Owner industrytrends
Description
The increasing adoption of vehicles will boost the sales of automotive window and sealing systems in the coming years. The rapid urbanization in emerging economies, such as China, Indonesia, and India, has fueled the adoption of commercial and passenger vehicles in these countries. Moreover, the soaring disposable income of people in developed and developing nations will also propel vehicle sales in the coming years. Owing to this reason, the adoption of such systems will escalate in the near future.

In recent years, original equipment manufacturers (OEMs) have shown a great inclination toward lightweight sealants, due to the amplifying focus on lightweight vehicles. Such sealants help in increasing the fuel efficiency of vehicles, as weight reduction directly lowers the fuel usage. Moreover, advancements in the sealing technology have resulted in the production of high-performance engineered solutions for industrial, aerospace, and automotive sealing applications. These developments will accelerate the automotive window and sealing systems market growth at a CAGR of 7.6% during 2018–2025. The market has the potential to grow from $21.7 billion in 2017 to $38.7 billion by 2025.

As a result, key auto component companies, such as Toyoda Gosei Co. Ltd., Cooper Standard Holdings Inc., DURA Automotive Systems, and Hutchinson Sealing Systems Inc., are focusing on facility expansions and partnerships to expand their presence. For example, Cooper Standard Holdings Inc. revealed its plan to construct a 100,000-square-foot rubber manufacturing plant in Aguascalientes, Mexico, in June 2018. The company has localized its elastomer mixing capabilities and grown in the country through its new facility.

Automotive window and sealing systems include glass run channels, waist belt seals, roof ditch moldings, hood seals, trunk seals, front windshield seals, door seals, rear windshield seals, sunroof seals, encapsulated glass, corner moldings, and end caps. Over the years, the usage of glass run channels has notably increased among aftermarket entities and OEMs due to a surge in the research and development (R&D) activities for substitute materials, to meet the demand from the automotive cockpit industry.

Growing inclination of original equipment manufacturers (OEMs) toward lightweight sealants is the latest trend observed in the automotive window and sealing systems market. Lightweight sealants help increase fuel efficiency of automobiles, as the reduction in vehicle’s weight directly lowers the fuel usage. With advancements in sealing technology, the OEMs are now able to produce high-performance engineered solutions for aerospace, automotive, and industrial sealing applications.

Increasing vehicle market is one of the key factors boosting the automotive window and sealing systems market growth. With the growing urbanization in developing economies across the world, such as China, India, and Indonesia, the demand for passenger and commercial vehicles is on the rise. Disposable income has increased in both developing and developed economies, leading to better living standard.

The aforementioned components of automotive window and sealing systems are made up of ethylene propylene diene monomer (EPDM), thermoplastic vulcanizates (TPVs), and thermoplastic elastomers (TPEs). Over the years, the usage of EPDM has surpassed the consumption of TPEs and TPVs due to its ease of use in weather-stripping applications and high utilization in passenger cars. EPDM, a synthetic rubber, is a polymer that is both elastic and viscous. It is composed of propylene and ethylene, which are derived from natural gas and oil.

Thus, the surging adoption of passenger and commercial vehicles will accelerate the adoption of automotive widow and sealing systems in the coming years.