Dublin, Sept. 22, 2023 (GLOBE NEWSWIRE) -- The "Weatherstrip Seal Market Share, Size, Trends, Industry Analysis Report, By Material Type, By Application, By End-Use, By Region, Segment Forecast, 2023 - 2032" report has been added to ResearchAndMarkets.com's offering.
The global Weatherstrip Seal market is poised to attain a substantial market size of USD 11.69 billion by 2032. This comprehensive report offers detailed insights into current market dynamics and presents an analysis of future growth prospects.
The increasing popularity of prefabricated or off-site construction projects among contractors and builders, coupled with the support of major players, has expanded the market for weatherstrip seals. Unlike conventional on-site construction projects, where all work is completed on-site, off-site construction involves the production of building components in a factory using a streamlined method and high-quality standards. These components are then assembled on the job site to create a complete structure.
In November 2022, KHS&S, a leading company in exterior finished wall panels, facades, internal framed walls, specialty, and themed construction, introduced Spek at the Design-Build Conference & Exhibition (DBIA). Under the Spek brand, KHS&S offers prefabricated facades as well as prefabricated kitchen and bathroom components. Customers utilizing digital fabrication services can view their finished Spek solution in a precise 3D model before production. Once approved, the design files are sent to the Spek Fabrication Facility for construction.
Furthermore, manufacturers are focusing on advanced sealing functionalities such as friction resistance and abrasion resistance to enhance the sustainability of plants. For example, in June 2022, Freudenberg Sealing Technologies developed advanced sealing solutions for electrolyzers. The company provides reliable plate units designed to maximize sealing performance in challenging electrolyzer conditions by bonding its sealing materials to electrolyzer stack plates.
Freudenberg is also exploring rubber-coated metal components for electrolyzers and other alternative power systems in addition to its development of innovative sealing solutions for various green power and transportation applications. Consequently, the increasing prevalence of on-site and off-site construction projects, technological advancements, and the launch of advanced sealing products are major factors driving market growth.
Additionally, the green construction industry is expected to generate high demand for weatherstrip seal products due to their enhanced efficiency. According to a Forbes Report in 2021, the construction industry is responsible for 39% of global carbon emissions. With increasing pressure from customers and business owners for more environmentally friendly structures, engineering and construction firms are facing growing demands for green solutions, which, in turn, drive the demand for weatherstrip seals.
Market Dynamics:
Drivers and Opportunities:
- Increasing importance of weatherstrip seals.
- Rise in demand for electricity consumption.
Restraints and Challenges:
- Design and installation issues.
Weatherstrip Seal Market Report Highlights:
- Windows Segment: The windows segment is anticipated to experience rapid growth over the forecast period. Weather stripping is a technique used to seal window openings and keep out the elements.
- Construction Segment: The construction segment accounted for the largest revenue share due to long-term infrastructure and development investments. Rapid urbanization has led to increased construction activity in the sector.
- Asia-Pacific Growth: The Asia-Pacific region is expected to witness a high CAGR over the projected period, driven by the rapidly rising construction industry and increasing investments in the construction sector.
Key Global Players:
Prominent global players in the Weatherstrip Seal market include Cooper Standard, Guihang Corporation, Hutchinson Corporation, Nishikawa Corporation, Qinghe Huifeng, SaarGummi, Tokai Kogyo, Toyoda Gosei, and Xiantong Limited.
Market Segmentation:
The Weatherstrip Seal market report is segmented based on material type, application, end-use, and region:
Material Type Outlook:
- PVC (Polyvinyl chloride)
- EPDM (Ethylene Propylene Diene Monomer)
- Others
Application Outlook:
- Windows
- Windshields
- Engine Hood
- Doorframe
End-Use Outlook:
- Automotive
- Construction
- Industrial
- Others
Regional Outlook:
- North America (U.S. and Canada)
- Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Malaysia)
- Latin America (Argentina, Brazil, Mexico)
- Middle East & Africa (UAE, Saudi Arabia, Israel, South Africa)
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 114 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value (USD) in 2023 | $8.75 billion |
| Forecasted Market Value (USD) by 2032 | $11.69 billion |
| Compound Annual Growth Rate | 3.3% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/gevk3j
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