Market Overview:
The global underbody seal market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X%. The growth of the market can be attributed to the increasing demand for passenger vehicles and commercial vehicles across the globe. The bitumen underbody seal segment is expected to account for a major share of the global underbody seal market during the forecast period. This can be attributed to its properties such as high resistance against water and chemicals, low thermal conductivity, and good adhesion. The wax-based underbody seal segment is projected to grow at a higher CAGR during the forecast period owing to its properties such as high resistance against water, chemicals, and heat. In terms of application, the passenger vehicle segment is anticipated to hold a dominant position in the global underbody seal market throughoutthe forecast period. This can be ascribedto rising demand for passenger cars from developing countries such as Chinaand India due tobetter economic conditionsand changing lifestyle preferencesof consumers in these regions.
Product Definition:
The underbody seal is a weather stripping that is installed around the bottom of a car door. It helps to keep out rain, snow, and debris from entering the car. It also helps to keep the interior of the car clean.
Bitumen Underbody Seal:
Bitumen is a type of petroleum liquid that is extracted from the ground up, which has been processed and refined. It's color ranges between black and brown depending on the degree of refining. Bitumen is often used as an adhesive or sealant in various applications such as concrete, wood, plastic & rubber products.
Wax-Based Underbody Seal:
Underbody seal is a device used to prevent water leakage in boats, ships, and other vessels. It's function is similar to that of gaskets or O-rings; it seals the connection between two surfaces by preventing water from getting in between them. Underbody seal consists of a flexible wax layer (or several layers) that forms an barrier over the surface it wraps around and prevents any kind of leakages.
Application Insights:
The passenger vehicle segment held the largest share of over 70.0% in 2017. The growth can be attributed to rising demand for passenger vehicles, especially in developing countries such as India and China. In addition, stringent government regulations regarding reduction in fatalities and injuries caused by rollover are expected to boost product demand over the forecast period.
Commercial vehicle underbody seal is used for sealing around pipes that carry lubricants & coolants or fuel & hydraulic fluids beneath a car¢â‚¬â„¢s bodywork panels. These seals ensure effective water-tightness at lower cost than bitumen based products which makes them suitable for heavy-duty commercial vehicles operating on dirt roads across Latin America and Asia Pacific regions where bitumen is not available naturally or has proven too costly to lay down due to its high costliness compared with other materials such as gravel, earth etcetera).
Regional Analysis:
Asia Pacific dominated the global underbody seal market in 2016 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing automotive production in countries such as China, India, Japan and South Korea. Moreover, rising disposable income coupled with a growing population will drive demand for passenger vehicles which will further propel regional growth.
The European market is anticipated to witness significant growth over the forecast period owing to stringent government regulations regarding fuel consumption along with an increase in consumer awareness about vehicle maintenance requirements. Increasing use of electric vehicles along with favorable government initiatives aimed at reducing carbon emissions from automobiles is also likely to boost product demand across this region.
In North America, Wax-Based Underbody Seal was estimated as high as USD X million in 2016 on account of large number of fleet sales including buses and trucks across countries such as Canada.
Growth Factors:
- Increasing demand for lightweight vehicles: The global trend of downsizing and weight reduction in passenger cars is expected to drive the demand for underbody seals.
- Stringent emission norms: Stringent emission norms across the globe are pushing OEMs to adopt underbody seals in order to improve fuel efficiency and reduce emissions from their vehicles.
- Proliferation of electric vehicles: The proliferation of electric vehicles is expected to create new opportunities for the growth of the underbody seal market, as these vehicles require efficient sealing systems to prevent leakage of air and fluids.
- Growing automotive production in developing countries: The increasing automotive production in developing countries is providing a boost to the global underbody seal market, as these regions are witnessing a surge in demand for automobiles.
Scope Of The Report
Report Attributes
Report Details
Report Title
Underbody Seal Market Research Report
By Type
Bitumen Underbody Seal, Wax-Based Underbody Seal
By Application
Passenger Vehicle, Commercial Vehicle
By Companies
Hammerite, Liqui Moly, Comma, JENOLITE, Tetrosyl, CarPlan, MANNOL
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
201
Number of Tables & Figures
141
Customization Available
Yes, the report can be customized as per your need.
Global Underbody Seal Market Report Segments:
The global Underbody Seal market is segmented on the basis of:
Types
Bitumen Underbody Seal, Wax-Based Underbody Seal
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Vehicle, Commercial Vehicle
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Hammerite
- Liqui Moly
- Comma
- JENOLITE
- Tetrosyl
- CarPlan
- MANNOL
Highlights of The Underbody Seal Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Bitumen Underbody Seal
- Wax-Based Underbody Seal
- By Application:
- Passenger Vehicle
- Commercial Vehicle
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Underbody Seal Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Underbody seal is a type of sealant that is applied to the underside of a vehicle. It helps protect the paint and underlying bodywork from water, dirt, and other contaminants.
Some of the major players in the underbody seal market are Hammerite, Liqui Moly, Comma, JENOLITE, Tetrosyl, CarPlan, MANNOL.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Underbody Seal Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Underbody Seal Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Underbody Seal Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Underbody Seal Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Underbody Seal Market Size & Forecast, 2020-2028
4.5.1 Underbody Seal Market Size and Y-o-Y Growth
4.5.2 Underbody Seal Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Bitumen Underbody Seal
5.2.2 Wax-Based Underbody Seal
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Passenger Vehicle
6.2.2 Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Underbody Seal Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Underbody Seal Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Bitumen Underbody Seal
9.6.2 Wax-Based Underbody Seal
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Passenger Vehicle
9.10.2 Commercial Vehicle
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Bitumen Underbody Seal
10.6.2 Wax-Based Underbody Seal
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Passenger Vehicle
10.10.2 Commercial Vehicle
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Bitumen Underbody Seal
11.6.2 Wax-Based Underbody Seal
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Passenger Vehicle
11.10.2 Commercial Vehicle
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Bitumen Underbody Seal
12.6.2 Wax-Based Underbody Seal
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Passenger Vehicle
12.10.2 Commercial Vehicle
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Bitumen Underbody Seal
13.6.2 Wax-Based Underbody Seal
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Passenger Vehicle
13.10.2 Commercial Vehicle
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Underbody Seal Market: Competitive Dashboard
14.2 Global Underbody Seal Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hammerite
14.3.2 Liqui Moly
14.3.3 Comma
14.3.4 JENOLITE
14.3.5 Tetrosyl
14.3.6 CarPlan
14.3.7 MANNOL
