The Global Exterior Sealing Systems Market was valued at USD 19.11 billion in 2018 and is expected to grow at a CAGR of 6.4% to reach USD 31.47 billion by 2025. The increasing demand for transportation due to population growth and urbanization has led to a rise in the demand for automotive window and sealing systems. Additionally, higher disposable income, economic growth, and technological advancements have resulted in increased production of passenger and commercial vehicles.

The automobile industry is expected to grow in the forecast period due to the revival of the global economy and the financial support provided by various financing organizations to customers, leading to increased sales of cars. The use of traditional materials in the automotive sealant industry is being replaced by newer materials such as Vulcanized Thermoplastic, Thermoplastic Elastomers, and Thermoplastic Olefins, which provide better material properties and increased durability.

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One of the key challenges faced by the automotive industry is improving fuel efficiency. Original equipment manufacturers (OEMs) are focusing on reducing the weight of vehicles and improving overall motor efficiency by using lightweight components and modifying the structural design of the vehicle. The passenger car segment is expected to dominate the Exterior Sealing Systems market due to the increasing demand for personal cars and taxi services in emerging economies.

Driving factors of Exterior Sealing Systems Market

1. Increasing demand for transportation due to population growth and urbanization, resulting in a rise in the demand for automotive window and sealing systems.
2. Higher disposable income, economic growth, and technological advancements leading to increased production of passenger and commercial vehicles.
3. Revival of the global economy and financial support provided by various financing organizations to customers, resulting in increased sales of cars.
4. Replacement of traditional materials in the automotive sealant industry with newer materials such as Vulcanized Thermoplastic, Thermoplastic Elastomers, and Thermoplastic Olefins, providing better material properties and increased durability.
5. Growing demand for personal cars and taxi services in emerging economies, leading to the domination of the passenger car segment in the Exterior Sealing Systems market.

Some of the notable innovations in the Exterior Sealing Systems Market

• Smart Sealing Systems: These systems use sensors and software to detect and respond to changes in the environment, such as temperature and pressure, to maintain an optimal seal and prevent leaks.

• Advanced Materials: Newer materials such as Thermoplastic Elastomers, which provide better resistance to high impact and harsh weather conditions, and improved durability compared to traditional materials, are being increasingly used in the production of Exterior Sealing Systems.

• Integrated Sealing Solutions: Manufacturers are designing integrated sealing solutions that combine various sealing components such as weatherstrips, glass runs, and belt moldings into a single module. This helps in reducing the weight of the vehicle and simplifying the production process.

• Noise Reduction Technology: Exterior Sealing Systems now use noise reduction technology, such as laminated glass and sound-deadening materials, to reduce the noise levels inside the cabin of the vehicle, providing a more comfortable and quieter driving experience.

• Environmental-Friendly Sealing Systems: There is a growing trend towards the use of eco-friendly materials in automotive sealing systems, such as bio-based and recyclable materials, to reduce the environmental impact of the production process and end-of-life disposal of these systems.

The major players in the market are

• Cooper-Standard Automotive Inc.
• Henniges Automotive Holdings Inc.
• Dura Automotive Systems
• Hutchinson Sealing Systems
• Sumitomo Chemical Co., Ltd
• Magna International Inc.
• Lauren Plastics LLC
• PPAP Automotive
• Minth Group Ltd.
• Rehau Group
• Toyoda Gosei Co., Ltd