Weatherstrip Seal Market

Weatherstrip Seal Market Outlook (2022-2032)

The Weatherstrip seal arcade is anticipated to gain a descent growth trajectory in the future period. The rising demand is due to the product penetration in western nations such as Canada and the US in the North American region accounting for one-fourth of the total share by value. The developing countries are also uplifting demand in this market. The construction industry is anticipated to drive constant demand in the longer run.

The worldwide weatherstrip seal market valuation is USD 8.6 Billion at present in 2022. The market is expected to reach a value of USD 12.13 Billion by end of 2032. Furthermore, the market is likely to gain a CAGR of 3.5% in the forecast period owing to rising demand from the construction industry.

The use of weatherstrip seals prevents heat loss. The operating window sashes can be sealed with novel weather-stripping options. The process is significant because it improves the energy efficiency of buildings and prevents air leaks. The protection from air drafts after closing the door or window determines effectivity of the weatherstrip seals used. The manufacturers are determined to reduce the heating and cooling bills of customers by 30% by choosing weatherstrip seals.

Report Attributes	Details
Market size (2022 A)	USD 8.6 Billion
Base Year for Estimation	2022
Forecast duration for this research	2022-2032
Forecasted Market value (2032 F)	USD 12.13Billion
Global Market Growth rate (2022-2032 E)	CAGR of 3.5%
Key Companies Profiled	Cooper Standard Corporation Magna International Corporation Hutchinson Corporation Guihang Corporation Toyoda Gosei Xiantong Limited Nishikawa Corporation Hubei Zhengo Corporation Qinghe Huifeng

What are the drivers for weatherstrip seal market growth?

Rapid urbanization coupled with an increase in construction and housing activities is expected to drive seal sales globally. Additionally, growing off-site or prefabrication projects in construction is gaining high traction among builders and contractors which has led to a surge in demand for weatherstrip seal.

The advanced sealing functionalities focused on by manufacturers such as friction, resistance, and abrasion are projected to improve the efficiency of sustainability of plants. This allows the sealing products to have greater efficiency hence it will ensure the green construction sector notices the highest demand for weatherstrip seal products.

The robust use of seals in the automotive industry for the prevention of dust, noise, air, and water is providing a positive outlook to the seal industry thus increasing its sales in the long run. Furthermore, the increase in demand for sustainable construction coupled with the introduction of the green building concept has given the required boost to the seal industry.

What are key trends in the weatherstrip seal industry?

Some of the key trends identified in the weatherstrip seals market are :

• Long-term infrastructure and construction-related investments are seeing a surge in the agenda of developed countries which tends to propel the demand and sales of weatherstrip seals.
• Mounting off-site construction activities along with prefabrication of components have hit the market due to its advantages over on-site construction which in turn have given an uptick to the sales of weatherstrip seal.
• Moreover, leading players are adopting strategies such as collaboration, partnership agreements, capacity utilization, technological upgradations, sales agreement, and hiring of technical expertise to expand their market share.

Regional Outlook

“North America led by the US to dominate weatherstrip seal market sales”

North America dominates the weatherstrip seal sales attributed to the constant demand from the construction and automotive industry. Additionally, the long-term infrastructure investment plans are giving a major boost to the seals' sales. For instance, in Ontario LTIP (long-term investment plan) has been proposed which includes the construction of highways and roads, promoting construction.

Moreover, with a sustainable construction picking pace, various private and government institutions in the US are promoting the green building concept. For instance, the LEED neighbourhood development project was revealed by U.S green building council in 2017.

“Asia Pacific weatherstrip seal market set to gain fastest CAGR.”

Increasing construction activities and industrial growth in countries like China & India are likely to drive the demand for weatherstrip seals. Additionally, an increase in purchasing power of people with a change in preference in terms of material and properties will propel the growth of the industry.

With a focus on mitigating CO2 emissions in countries like China, India, and Japan, the countries are investing heavily in the green business equally contributing towards the growth of weatherstrip seals. For instance, Japan is leading the race in the environmental goods and services (EGS) sector with the production of resource-efficient technology and the greening of businesses to promote environmental sustainability.

Recent developments

The industry is dominated by some prominent players including Xiantong Limited, Nishikawa Corporation, Hubei Zhengo Corporation, Qinghe Huifeng, and others. The competition in the sector is driven by key parameters such as product price, targeted customer base, and strategic marketing. Major players in the market focused on innovation by investing more in research and development. Furthermore, the industry players are focusing on the extensive usage of online distribution channels for enhanced cost-effectiveness. The sustainability in the supply chain is a decisive factor for weather-stripping seal brands leading to an impact on the margin profits of firms.

The aforementioned players mainly rely on a blend of organic and inorganic growth strategies such as product launches, collaborations, capacity expansion, partnerships, and mergers & acquisitions. For instance :

• In Toyoda Gosei Corporation in December 2019 entered into an agreement with Aeqph GmbH to dissolve its German subsidiary Toyoda Gosei Meteor.
• Magna International Inc. recently launched a series of "Crimp-on Flange" weatherstrip tools which offer numerous customized solutions such as crimping tools for weatherstrip seals.

Segment wise analysis

The weatherstrip seals products are segmented into applications such as household construction, automobiles and ships, and other industrial applications. The rise in electronic production is projected to accelerate demand over the forecast period. After the construction sector, the automotive sector is expected to drive sales of weatherstrip sealing material owing to the demand for car windows and doors. Metallic weatherstrips are gaining demand in automotive sector applications.

On the basis of material, Vinyl weatherstrip seals are the most popular and dominant in sales at present in 2022. The reason for the popularity of vinyl weatherstrips is due to moisture resistance properties. These properties of vinyl are making it a slightly expensive sealing material. The metal material is expected to gain the fastest growth in the forecast period owing to its nice finish and touch to older constructions where vinyl may not be suitable. Rubber stripping is widely adopted for covering window gaps and expected to continue dominant in the forecast period.

Key Segments

• By Material Type :

  • PVC (Polyvinyl chloride)
  • EPDM (Ethylene Propylene Diene Monomer)
  • Others

• By Application:

  • Windows
  • Windshields
  • Engine Hood
  • Doorframe

• By End-use Industry:

  • Automotive
  • Construction

• By Region:

  • North America
    • US & Canada
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Western Europe
    • EU5
    • Nordics
    • Benelux
  • Eastern Europe
  • Asia Pacific
    • Australia and New Zealand (ANZ)
    • Greater China
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Japan
  • Middle East and Africa
    • GCC Countries
    • Other Middle East
    • Northern Africa
    • South Africa
  • Other Africa