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Automotive Flooring Market Regional Analysis, Trends & Forecast To 2024 By Key Players are 3M and DuPont
Automotive Flooring Market
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Growth in technological advances in flooring systems for sports utility vehicles (SUVs) as well as off-roaders to improve the vehicle sturdiness, ride-quality, comfort and safety is predictable to boost the demand for locomotive flooring. The automotive industry is also being observing significant demand for customized flooring systems for enrichment of ergonomic value of passenger cabins triggering the industry growth.
The nylon segment accounted for the major share of industry revenues in 2016. Cast products offering high impact & heat resistance, a higher strength-to-weight ratio, and optical clarity will propel the industry growth. Nylon fiber is the most frequently used material for automotive flooring owing to its light-weight, flexibility, lower cost and strength.
Polyurethane holds significant market share owing to the increased use of PU for the manufacturing of flooring products and auto components. The mechanical and superior chemical properties and rising demand for noise insulating constituents is anticipated to drive polyurethane demand in the forecast period.
The carpets segment had the larger share of industry. Floor carpets provide protection of the vehicle floor from structure-borne sounds, heat and frictions to make the car ride noiseless and comfortable. The absorption of sounds from interior factors mainly engine noises and vibrations are critical to expand overall ride quality.
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The important application segments considered in the industry analysis are light commercial vehicles (LCV), heavy commercial vehicles (HCV) and passenger cars. Cars were the leading segment in the industry, mostly on account of the more share accounted by this segment in the overall vehicle manufacture worldwide.
North America held substantial share of the overall industry revenues, chiefly due to the retrieval of the U.S. automobile industry as well as the rising vehicle production in Mexico and the U.S. Mexico is projected to fuel the regional industry growth attributed to the increasing luxury cars production.
Brazilian market is projected to mend from the industry downfall in the past some years, primarily on account of the latest treaties with Colombia, Argentina, Paraguay and Uruguay, that is predicted to drive the exports of automobiles from Brazil to the aforesaid countries of the South & Central American region.
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Key Players of automotive flooring market 3M Company, Low & Bonar, DuPont, ACC and AGM Automobile. The crucial strategies implemented by the industry players includes distribution and acquisitions agreements. AGM Automobile acquired Durmont Austria, a textile producer involved in the manufacture of carpets for locomotive applications and commercial building.
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