Weather Strip Market Report Overview
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The global weather strip market size was USD 8338.3 million in 2022 and market is projected to touch USD 11068 million in 2031, exhibiting a compound annual growth rate (CAGR) of 3.2% during the forecast period.
Weather stripping is a stretch of material used to seal up the gap between a door or window and a sill, casing, or threshold to keep out rain, frost, and chilly air. The resources used to carry out such sealing processes might also be referred to by this word. It shields the inner environment from damaging weather conditions. The term "weather stripping" is essentially used to refer to a variety of materials and seals that carry out identical fundamental functions. It exists in a variety of shapes and sizes and may be fashioned out of a variety of materials, including foam, rubber, vinyl, metal, and wood. Every material type has strengths and limitations, while some are preferred in particular circumstances and others in circumstances.
EPDM rubber and TPE/TPO, a thermoplastic elastomer (TPE) mixture of plastic and rubber and a thermoplastic olefin (TPO) polymer/filler mixture, are the two materials most frequently used to make weather strip. Actually, the weather strip significant was used in the automobile, building, mechanical, and other fields. Olney accounted for the automotive weather strip in this report. The edges of a car's windshield, windows, doors, engine hood, trunk lid, etc. constitute the automobile weather strip seal. Typically, weather strip is formed into a hollow sponge tube of foam. For many purposes, weather stripping is crucial. They shield other automotive parts by preventing metal-on-metal or metal-on-glass contact. They additionally shield the inside from the elements and traffic.
COVID-19 Impact: Market Contracted Due To The Reduced Demand
COVID-19 was an unprecedented event that had an impact on every aspect of human society. Unprecedented steps were done to stop the pandemic, which was amazing. Work from home became the norm, lockdowns were implemented, mobility was restricted, and several industries were stopped. Such trying circumstances caused society to turn its attention to the welfare and safety of its members. The weather strip industry suffered greatly during these times, negatively impacting demand for weather strip. The market for weather strips during the pandemic plummeted as a consequence of this.
Latest Trends
"Multiple Alternative Materials To Contribute To The Rising Demand "
Weather strips can be produced using a variety of materials, including foam, rubber, metal, vinyl, and wood. Every material type has strengths and limitations, and some are better suited for use in particular circumstances. Felt and open-cell foams are frequently affordable, vulnerable to the elements, noticeable, and ineffective at obstructing airflow. These materials may, however, be useful in places with little traffic because of how simple it is to apply them. Vinyl adapts well and prevents dampness while being slightly more expensive. Metallic weather strips are durable and reasonably priced. Such widespread availability of choices is expected to increase weather strip market share.
Weather Strip Market Segmentation
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- By Type Analysis
According to type, the market can be segmented into EPDM, TPE or TPO and others. The EPDM segment holds the major market share by type segment.
- By Application Analysis
Based on application, the market can be divided into Doorframe, Windows, Windshield, Engine Hood and others. The leading segment by application is the doorframe segment.
Driving Factors
"Cutting-Edge Weather Strips To Propel The Market Growth"
The automobile flexes as it traverses, and shocks shift the body's position relative doors, windows, and sunroofs. It is essential that weather strip performs identically despite the car is moving at full speed or it is stationary; must be adaptable to motion shocks. It must withstand hot and cold temperatures, prolonged sun exposure, and automotive fluids like oil, gasoline, and windshield washer fluid (methanol). By using silicone to withstand intense heat and specialized coatings during manufacturing, the effectiveness of strips can be considerably improved. The weather strip market growth is expected to be driven by the rising demand for such cutting-edge strips.
"Industrial Expansion And Growth Of Automotive Sector To Drive The Demand"
The global economy is expanding steadily as society rebounds towards its pre-pandemic levels and the market sentiment is optimistic. Investors are funneling capital into the market, which is driving a surge in industrial investment and an expansion of the weather strip industry. The demand for automobiles is also gradually increasing as the industrial sector seems to have a favourable outlook. The expanding demand in the automotive industry is anticipated to significantly fuel the demand for weather strips, which have become a necessary component of automobiles.
Restraining Factors
"Inconsistency In The Input Cost To Harm The Market Growth"
The raw materials necessary to develop weather strips are supplied from the international market. Since the prices of these raw materials are continuously fluctuating, it adds risk to production processes. The unpredictability in the price of raw materials for the weather strips for the automotive industry has evolved into a key problem for the weather strip industry and reduced the market size for weather strips.
Weather Strip Market Regional Insights
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"Asia Pacific Region To Lead The Market Owing To Manufacturing Capabilities"
Owing to the fact that Asia Pacific is one of the world's top centres for manufacturing most of the weather strip market players are concentrated in this region itself. As a result, the Asia Pacific is the dominating region in the weather strip market. Further, as the standard of living is rising in the region, there is a steady growth in the demand for automobiles. After Asia Pacific, the Europe region is the leading market for the weather strips.
Key Industry Players
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by collaborating with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
List of Market Players Profiled
- Cooper Standard (U.S.)
- Toyoda Gosei (Japan)
- Hutchinson (France)
- Henniges (U.S.)
- Nishikawa Rubber (Japan)
- SaarGummi (Luxemberg)
- Kinugawa Rubber (Japan)
- Magna (Canada)
- Hwaseung (South Korea)
- Tokai Kogyo (Japan)
- Guihang (China)
- Jianxin Zhao’s (China)
- Xiantong (China)
- Haida (China)
- Hebei Longzhi (China)
- Qinghe Yongxin (China)
- Hubei Zhengao (China)
Report Coverage
This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 8338.3 Million in 2022 |
Market Size Value By |
US$ 11068 Million by 2031 |
Growth Rate |
CAGR of 3.2% from 2022 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the global weather strip market expected to touch by 2031?
The global weather strip market is expected to touch USD 11068 million by 2031.
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What CAGR is the weather strip market expected to exhibit during 2031?
The weather strip market is expected to exhibit a CAGR of 3.2% over 2031.
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Which are the driving factors of the weather strip market?
Cutting-edge weather strips and growth of the automotive industry are the driving factors of the weather strip market.
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Which are the top companies operating in the weather strip market?
Some of the top companies operating in the weather strip market are Cooper Standard (U.S.), Toyoda Gosei (Japan), Hutchinson (France), Henniges (U.S.) and Nishikawa Rubber (Japan)