Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Body sealing system are protectors used in order to avoid water and rain, saving energy on heating, and air conditioning and accomplishes this by either returning or redirecting water. These systems are utilized to protect the interior of vehicle from rainwater, external noise, and dirt. Implementation of an automotive body sealing systems ensures a comfortable ride for occupants. Sealing frames prevent degradation of glass structure owing to occurrence of wind noise and water.
Increasing adoption of body sealing system in the automotive industry is a major factor expected to drive growth of the global automotive body sealing system market over the next 10 years. In addition, rising demand for automotive body sealing products from various other industries such as mechanical and construction is another factor expected to drive the global market growth. Availability of automotive body sealing system in a comprehensive range of sizes, color, and quality of the material is a factor expected to fuel demand for automotive body sealing system and in turn, expected to drive growth of the automotive body sealing system market.
However, the high cost of automotive body sealing is a key factor expected to hamper demand for this systems and in turn expected to restrain growth of the global automotive body sealing system market to the certain extent..
The global pandemic of Coronavirus (COVID-19) has triggered stock market instability, tight border controls, and worldwide lockdown, leading the chemical industry, as well as large companies and governments, to restock supply chains. The whole world is experiencing severe impact on social and financial sectors, and all global industries are facing challenges during the COVID-19 pandemic. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
The global body sealing systems market is segmented by type, application and geography. Based on different types, the global body sealing systems market can be segmented as EPDM, PVC, TPO/TPE and Other. Based on application, the global body sealing systems market can be classified as doorframe, sunroof, trunk lid, window, windshied and others. Among the product type segments, the ethylene propylene diene monomer rubber (EPDM) segment is expected to account for the significant revenue share in the global automotive body sealing system market. This is due to EPDM offer various features such as EPDM is compatible with polar substance, EPDM is an electrical insulator, and EPDM exhibits outstanding resistance to weather ozone, heat, and steam.
Among the application segments, the window segment contributes a major share in the global automotive body sealing system market in terms of revenue, owing to rising demand for windows in the body sealing system. Window is majorly used for covering interior of the vehicle from dust and noise. Windshield segment expected to account for second highest revenue share in global automotive body sealing system market.
The body sealing systems market is segmented on the basis of following geographies are North America, Europe, Asia Pacific and Rest of the World. The North America automotive body sealing system market is expected to account for highest revenue share in the global market, due to increasing adoption of these systems in the automotive industry in countries in the region. Asia Pacific market is expected to register a significant growth rate in terms of revenue in the global market over the forecast period, owing to increasing awareness regarding various benefits offered by automotive body sealing system products in countries such as Japan, India, Korea, and China in the region.
The major key vendors in Body Sealing Systems market include, Cooper Standard, Toyoda Gosei, Hutchinson, Nishikawa, SaarGummi, Henniges, Standard Profil, Kinugawa, Tokai Kogyo, Jianxin Zhao's, Guihang, Hwaseung R&A, Xiantong, Haida, and Hebei Longzhi. The key vendors of body sealing systems prefer agreements, joint ventures, contracts and partnership strategies and mergers & acquisitions to gather a larger share in the market. These players have taken various initiatives & R&D efforts to develop body sealing systems technology.
The global body sealing systems market is segmented by type, application and geography. Based on different types, the global body sealing systems market can be segmented as EPDM, PVC, TPO/TPE and Other. Based on application, the global body sealing systems market can be classified as doorframe, sunroof, trunk lid, window, windshied and others.
Among the product type segments, the ethylene propylene diene monomer rubber (EPDM) segment is expected to account for the significant revenue share in the global automotive body sealing system market. This is due to EPDM offer various features such as EPDM is compatible with polar substance, EPDM is an electrical insulator, and EPDM exhibits outstanding resistance to weather ozone, heat, and steam.
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