Seal Strip Market Trends, Business Overview, Industry Growth and Forecast to 2028

The global seal strip market is anticipated to grow at a significant CAGR of 4.1% during the forecast period (2022-2028). Sealing strips are used to lessen the influence of the bundle bypass stream that runs around the tube bundle's exterior. They're generally small metal strips that slide into slots in the baffles and extend outward toward the shell wall, blocking bypass flow and forcing it back into the tube bundle. They're arranged in pairs on opposing sides of the baffles that span the length of the bundle. Sealing strips are mostly employed in floating-head exchangers with significant space between the shell and tube bundle. The major factor driving the growth of the global seal strip market is the rising usage of seal strips in electrical appliances, doors & windows, furniture and transportation applications. Among all these applications, the furniture segment is expected to propel the growth of the market due to the rising demand for seal strips in doors & windows. The demand for new interior infrastructure has recently increased in both developed and developing countries. The majority of the demand comes from residential and commercial structures. In interior design, seal strips can be utilized in furniture, electrical appliances and doors & windows.

The market players are contributing significantly to the market's growth by adopting various strategies, including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in December 2019, Penrod launched new energy-efficient Weather Strip Seal & Corner Pad products to its portfolio of Hardware & Cellular PVC product lines. Built with vinyl-coated foam construction, the new weatherstrip seal holds a consistent compression and protects against air and water infiltration. Combined with a corner pad protects against wind-driven water at the corner of a door system. The new Weather Strip Seal and Corner Pad are available in 3 colours with same-day shipping.

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Market Coverage
•The market number available for - 2021-2028
•Base year- 2021
•Forecast period- 2022-2028
•Segment Covered-
•By Type
•By Application
•Regions Covered-
•North America
•Europe
•Asia-Pacific
•Rest of the World

Competitive Landscape- 3M & Co., MK Silicone Product Pvt., Midas Rubber and Plastic Products Ltd., Greenco Rubber and Polymer, Aeron Composite Pvt. Ltd., and Swift Response LLC, among others.

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Global Seal Strip Market Report by Segment
By Type
•Rubber Strips
•Silicide Strips
•Fibre Strips
•Others
By Application
•Transportation
•Furniture
•Electrical Appliances
•Others

Key questions addressed by the report
•What is the market growth rate?
•Which segment and region dominate the market in the base year?
•Which segment and region will project the fastest growth in the market?
•How has COVID-19 impacted the market?
•Deviation from the pre-COVID-19 forecast
•Most affected region and segment
•Who is the leader in the market?
•How players are addressing challenges to sustain growth?
•Where is the investment opportunity?

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Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.
 

This release was published on openPR.