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© 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Fuel Cell Market size worth $25.5bn by 2024 Automotive Flooring Industry, Business Development Analysis and Future Challenges by 2024 : Global Market Insights Inc.
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© 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com 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. Increasing manufacture of HCV and LCV in Asia Pacific region is anticipated to propel the product demand in commercial automobiles, mostly on account of the occurrence of a huge number of foremost OEMs in economies including China and India. The rising demand for automobiles in emerging countries can be ascribed to the swift industrialization, growing working population, and increasing middle-income level groups. Regional Analysis of Automotive Flooring Market :
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© 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Application Analysis of Automotive Flooring A Market : 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.
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© 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com 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. Competitive Market Share of Automotive Flooring Market :
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© 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Browse Full Market Research Report On Automotive Flooring Market @ http://bit.ly/2zsotYihttp://bit.ly/2zsotYi Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/2149 ing Console Market
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© 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Stay In Touch Website: www.gminsights.comwww.gminsights.com Social Media:
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