#Automotive Floor Mat Market Share

[rushikesh-d]

Automotive Floor Mat Market Analysis: Forecasted Market Size, Top Segments, And Largest Region

The latest report by Fortune Business Insight Research Company Insights, titled Global Automotive Floor Mat Market - Size, Trends, Share, Growth, Dynamics, Competition, and Opportunity Forecast Period, provides a thorough analysis of the global Automotive Floor Mat Market. The report meticulously examines both macro and micro trends, offering insights into the dynamic factors influencing the market. It encompasses a detailed exploration of qualitative and quantitative aspects, delivering a precise depiction of market size, growth rates, annual progression, prevailing trends, key drivers, promising opportunities, and potential challenges. Additionally, the report highlights the impact of crucial events such as new product launches or approvals, as well as the influence of external factors such as technological advancements and consumer preferences on the automotive carbon wheels market landscape. This exhaustive examination equips businesses and stakeholders with invaluable intelligence for making informed decisions in the evolving automotive industry. 

The global automotive floor mat market size was valued at USD 11.38 billion in 2022. The market is anticipated to grow from USD 11.80 billion in 2023 to USD 15.75 billion by 2030, exhibiting a CAGR of 4.2% during the forecast period.

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Market Size And Growth Forecast:

The automotive Automotive Floor Mat Market size has grown strongly in recent years. in the historic period can be attributed to vehicle production growth, stringent automotive safety standards, consumer demand for noise reduction, increasing emphasis on vehicle aesthetics, and globalization of automotive supply chains.

The Automotive Floor Mat Market size is expected to see strong growth in the next few years. It will grow in the forecast period & can be attributed to rise in autonomous vehicle adoption, stringent environmental regulations, demand for enhanced weather resistance, focus on energy-efficient vehicles, and innovations in seal manufacturing processes. Major trends in the forecast period include advancements in sealing technologies, the development of self-healing seals, customization for luxury and premium vehicles, integration of advanced materials, and collaborations for innovation.

Major Automotive Floor Mat Market Manufacturers covered in the market report include:

Husky Liners, Inc. (U.S.)

3M (U.S.)

Autotech Nonwovens Pvt Ltd. (India)

Lloyd Mats Inc. (U.S.)

Thermoflex (U.S.)

Walser GmbH (Austria)

RACEMARK International (U.S.)

MaxLiners (Thailand)

Covercraft (U.S.)

Auto Custom Carpet Inc. (U.S.)

Toyota Boshoku Corporation (Japan)

Low & Bonar PLC (U.K.)

Suminoe Textile Co., Ltd. (Japan)

MacNeil IP LLC (U.S.)

The availability of aftermarket accessories through various retail channels, including online platforms, makes it easier for customers to purchase floor liners and mats, further boosting the demand.

What is the anticipated market size in 2030, along with the major drivers, restraints, and opportunities?

The market is driven by factors such as the increasing demand for lightweight and high-performance automotive components to enhance fuel efficiency and reduce carbon emissions. Advancements in carbon fibre technology, coupled with growing consumer preference for premium and customized vehicles, are also significant drivers. However, challenges such as high manufacturing costs and limited adoption in mass-market vehicles may hinder market growth. Opportunities lie in collaborations between automotive manufacturers and carbon fibre suppliers to develop innovative and cost-effective solutions for various vehicle segments.

Scope of the Report:

► Executive Summary

► Demand and Supply-side Trends

► Market Drivers, Restraints, Opportunities, and Challenges

► Value Chain Analysis

► Porter's Five Forces Analysis

► Industry SWOT Analysis

► COVID-19 Impact Assessment

► PESTLE Analysis

► Global Market Size and Forecast

► Regional Market Size and Forecast (Cross-country Analysis)

► Competition Landscape

► Company Profiles

Market Segmentation by Geography includes:

∆ North America: U.S., Canada, and Mexico

∆ Europe: Germany, France, U.K., Italy, Spain, and Rest of Europe

∆ Asia Pacific: China, India, Japan, South Korea, Southeast Asia, and Rest of Asia Pacific

∆ South America: Brazil, Argentina, and Rest of Latin America

∆ Middle East & Africa: GCC Countries, South Africa, and the Rest of Middle East & Africa

Frequently Asked Questions (FAQs):

► What is the current market scenario?

► What was the historical demand scenario, and forecast outlook from 2024 to 2030?

► What are the key market dynamics influencing growth in the Global Automotive Floor Mat Market?

► Who are the prominent players in the Global Automotive Floor Mat Market?

► What is the consumer perspective in the Global Automotive Floor Mat Market?

► What are the key demand-side and supply-side trends in the Global Automotive Floor Mat Market?

► What are the largest and the fastest-growing geographies?

► Which segment dominated and which segment is expected to grow fastest?

► What was the COVID-19 impact on the Global Automotive Floor Mat Market?

Table Of Contents:

1 Market Overview

1.1 Automotive Floor Mat Market Introduction

1.2 Market Analysis by Type

1.3 Market Analysis by Applications

1.4 Market Analysis by Regions

1.4.1 North America (United States, Canada and Mexico)

1.4.1.1 United States Market States and Outlook 

1.4.1.2 Canada Market States and Outlook 

1.4.1.3 Mexico Market States and Outlook 

1.4.2 Europe (Germany, France, UK, Russia and Italy)

1.4.2.1 Germany Market States and Outlook

1.4.2.2 France Market States and Outlook 

1.4.2.3 UK Market States and Outlook

1.4.2.4 Russia Market States and Outlook 

1.4.2.5 Italy Market States and Outlook 

1.4.3 Asia-Pacific (China, Japan, Korea, India and Southeast Asia)

1.4.3.1 China Market States and Outlook

1.4.3.2 Japan Market States and Outlook 

1.4.3.3 Korea Market States and Outlook 

1.4.3.4 India Market States and Outlook 

1.4.3.5 Southeast Asia Market States and Outlook 

1.4.4 South America, Middle East and Africa

1.4.4.1 Brazil Market States and Outlook

1.4.4.2 Egypt Market States and Outlook 

1.4.4.3 Saudi Arabia Market States and Outlook 

1.4.4.4 South Africa Market States and Outlook 

1.5 Market Dynamics

1.5.1 Market Opportunities

1.5.2 Market Risk

1.5.3 Market Driving Force

2 Manufacturers Profiles

Continued…

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United States Styrene Butadiene Rubber (SBR) Market Industry Trends, Share, Forecast 2022-2029

 BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the United States styrene butadiene rubber (SBR) market size at USD 1.41 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects United States styrene butadiene rubber (SBR) market size to grow at a significant CAGR of 6.45% reaching a value of USD 2.06 billion by 2029. Major growth drivers for the United States styrene butadiene rubber (SBR) market include an increasing interlinking of polymer chains brought on by oxidation. Unlike natural rubber, which tends to harden with time, SBR retains its softness due to this cross-linking, rendering it a favorable material for manufacturing tires. This distinctive property underscores SBR's prominence as a preferred option within the market. The demand for SBR is particularly significant in the tire industry due to these attributes. Also, as the population grows, leading to higher vehicle demand and subsequently increased tire production, the demand for SBR is expected to rise in the USA. Also, its non-slip attributes make SBR suitable for producing footwear soles and heels, contributing notably to market expansion. It is projected that the USA's styrene butadiene rubber (SBR) market will likely reach a volume of 1500 thousand tons throughout the forecast period. However, fluctuations in prices of raw materials and limited supplies of natural rubber are anticipated to restrain the overall market growth during the forecast period.

United States Styrene butadiene rubber (SBR) Market – Overview

Styrene butadiene rubber (SBR) is a synthetic rubber derived from the copolymerization of styrene and butadiene. The predominant method for its production is emulsion polymerization. SBR boasts exceptional mechanical attributes, including high heat resistance, strong tensile strength, resistance to cracking and tearing, and notable resilience. Consequently, it finds widespread application, notably in tire manufacturing. Often combined with natural rubber for enhanced resilience, SBR is employed in various industries, such as tire production, conveyor belts, foam articles, adhesives, sealants, domestic mats, footwear soles, chewy candy, food container adhesives, car mats, brake pads, tubing, V-belts, floor coverings, military tank pads, and rubberized battery box cases.

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Impact of COVID-19 on United States Styrene butadiene rubber (SBR) Market

COVID-19 pandemic adversely affected the United States styrene butadiene rubber (SBR) market. It led to disruptions in supply chains, reduced manufacturing capacities, and shifts in consumer demand. Lockdown measures and reduced economic activity during the pandemic's peak resulted in decreased demand for automotive and industrial products, influencing SBR utilization. While the gradual recovery in economic activities led to a rebound in demand, challenges remained due to supply chain bottlenecks and labor shortages. The pandemic emphasized the need for resilient supply chains and adaptive production strategies to navigate uncertainties and ensure the United States SBR market's sustained growth amidst such unprecedented challenges.

United States Styrene butadiene rubber (SBR) Market – By Application

Based on application, the United States styrene butadiene rubber (SBR) market is divided into Tires, Industrial, Footwear, Polymer Modification, and Adhesives segments. The tires segment held the highest share in the United States styrene butadiene rubber (SBR) market by application. SBR's unique blend of mechanical properties, such as durability, abrasion resistance, and high tensile strength, make it a preferred material for tire production. As the automotive sector continues to grow, the demand for high-quality, long-lasting tires has surged. SBR's ability to enhance tire performance and safety while meeting stringent industry standards has propelled its widespread adoption. This strong alignment between SBR's properties and tire manufacturing requirements underscores its dominant position in the United States SBR market within the tires application segment.

Competitive Landscape

Major players operating in the United States styrene butadiene rubber (SBR) market include Goodyear Tire and Rubber, LANXESS AG, Lion Elastomers, Bridgestone Corporation, Trinseo, Zeon Chemical, Dow Chemical, INEOS Styrolution, Chevron Phillips Chemical Company, and Sinopec. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

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1 The year-to-date return of OReilly Group stock is 11.11% while the three-month return is +0.36% 2 OReilly stock price trades below the major 20 day and 50 daily moving averages, but is above the dominant upward trendline. 3 OReilly Automotive Inc. (NASDAQ: ORLY) stock’s 52-week price range is around $424 – $975. ORLY Automotive, Inc. is a company that sells car parts and accessories in the U.S. It has many stores across the country where customers can buy products for their vehicles.  O’Reilly offers both new and remanufactured parts, such as the Parts that make the car run, like alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature controls, chassis parts and engine parts. Moreover, Parts that help with maintenance like oil, antifreeze products, fluids, filters, lighting products, engine additives, and appearance products and Parts that add style or functionality, like floor mats, seat covers, and truck accessories. The company serves two types of customers such as professional installers who fix cars for a living and do-it-yourself customers who fix their own cars. O’Reilly Automotive, Inc. aims to provide high-quality products at affordable prices for both groups of customers. The ORLY stock has a float of 59.672 Million shares and a market cap of $56.403 Billion. The OReilly stock’s earnings per share (EPS) for the trailing twelve months (TTM) is 36.37 and its price-to-earnings ratio (P/E) for the same period is 25.70. The ORLY stock’s latest quarterly report for the period ending June 2023 showed a revenue of $4.07 Billion, a net income of $627.37 Million, and a profit margin of 15.42%. The next quarter’s revenue is estimated to be 4.058 Billion. The O’Reilly stock’s most recent quarterly balance sheet for the period ending June 2023 showed total assets at $13.28 Billion and total liabilities at $14.90 Billion. Based on recent data, the ORLY stock reported an EPS of $10.22 for the second quarter, beating the analysts’ estimate of $10.084 by 1.35%. The next quarter’s EPS is estimated to be 10.313. O’Reilly Group will announce its financial results for the third quarter of 2023 on Wednesday, October 25th, 2023, before the market opens. The O’Reilly stock has a CMP of $936.02 and an intraday gain of 1.03%. The stock’s average volume for the last 10 days is 366.233 K and its current volume is 399.8 K. ORLY Stock Price Technical Analysis in 1-D Time Frame Source: ORLY.1D.NASDAQ by TradingView The O’Reilly stock has shown a fabulous performance in its share price journey over the past years, with a major bullish run that started in March 2020 from $248 and progressed upwards with the help of trendline support. Over the past couple of years, showing growth and ascending, the stock displayed positive performance with year-to-date growth of 11.11% and a modest six-month increase of 15.37%. Major moving averages show that the price was beneath the 20-day and 50-day MAs at press time. The MACD highlights a bearish cross and RSI is also taking resistance at 49. However, the stock ratings for OReilly stock are positive and highly recommended by 27 analysts who have evaluated it in the last three months. The 1-year price forecasts for O’Reilly stock by 20 analysts range from $940 to $1075, with a high potential for growth. Summary The OReilly Automotive Inc. (NASDAQ: ORLY) chart indicates that the traders and investors of the ORLY stock price are bearish in the short term, but bullish in the overall trend on the 1-D time frame. The price action shows a bullish outlook at the time of publishing. However, technical analysis of OReilly stock price suggests bearishness. Technical Levels Support Levels: $928 and $915 Resistance Levels: $958 and $971 Disclaimer In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice.

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[sudeepkedar]

Automotive Flooring Market to surpass USD 2 bn by 2032

As per a recent research report, Automotive Flooring Market to surpass USD 2 Bn by 2032.

Automotive Flooring Market is slated to grow steadily through 2032, owing to the rising demand for the strong automotive aftermarket and growing preference for superior interiors. Globally, Asia Pacific is expected to be one of the leading markets for vehicle and auto-related components and accessories. Rising demand for enhancing car appearance in the region will create growth prospects for the aftermarket players.

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Besides, the growing inclination toward aftermarket vendors when replacing goods and services after the warranty has expired is further expected to result in market expansion. Moreover, the automotive flooring industry has great potential for expansion as customer awareness of the noise and vibration caused by the vehicle body, chassis, and components is growing.

 Overall, the automotive flooring market is bifurcated in terms of materials, products, vehicles, distribution channels, and regional outlook.

In terms of material, the nylon-based flooring products segment is expected to grow at more than 2% CAGR by 2032. The growth can be credited to nylon's increased product strength and high resistance to abrasion and stains. Due to their low maintenance requirements and ease of handling, nylon mats and carpets are frequently used in vehicle interiors, increasing the industry share throughout the estimated timeframe. In addition, superior heat and great impact resistance contributes to improved thermal insulation within the car, which will positively affect segmental growth.

Based on the product, the mat segment is anticipated to expand considerably through the forecast timeline considering that there are flooring materials, which are used to cover the carpet to protect it from dirt and prevent wear and corrosion. Additionally, different floor mats offered by aftermarket players for several vehicle models are expected to accentuate the industry size. Besides, the high availability of floor mats in different raw materials, including leather, rubber, and nylon, to satisfy consumer usage and preferences will further propel the automotive flooring market share.

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Considering the vehicle, the High Commercial Vehicle (HCV) segment was valued at USD 60 million in 2022. The segment is slated to demonstrate high growth owing to the proliferating logistics and construction sectors across the globe. Besides, the rising requirement for HCVs owing to high ground clearance and payload capacity for passenger and cargo transport in various terrains will further spur the segment's growth.

Regionally, the North America automotive flooring market is poised to witness positive expansion from 2023 to 2032. The large income share will be credited to the region's technological advancement in product manufacturing. In addition, rising consumer preferences for SUVs and luxury cars are estimated to drive revenue generation over the projected timeframe.

Partial chapters of report table of contents (TOC):

Chapter 2   Executive Summary

2.1    Automotive flooring industry 3600 synopsis, 2018 - 2032

2.1.1    Business trends

2.1.2    Material trends

2.1.3    Product trends

2.1.4    Vehicle trends

2.1.5    Distribution channel trends

2.1.6    Regional trends

Chapter 3   Automotive Flooring Industry Insights

3.1    Industry segmentation

3.2    Impact of covid-19 on world economy

3.3    Industry ecosystem analysis

3.3.1    Raw material suppliers

3.3.2    Manufacturers

3.3.3    Value addition at each stage

3.3.4    Profit margin analysis

3.3.5    Distribution channel analysis

3.3.5.1    OEM

3.3.5.2    Aftermarket

3.3.6    End-users

3.3.7    Vendor matrix

3.3.8    Covid-19 impact on supply chain

3.4    Technology landscape

3.4.1    Production process

3.4.1.1    Matched-mold thermoforming

3.4.2    Future trends

3.4.2.1    Floor carpets with acoustic optimization

3.5    Industry impact forces

3.5.1    Growth drivers by region

3.5.1.1    North America

3.5.1.1.1    Increasing automotive e-commerce influencing consumer buying behavior

3.5.1.2    Europe

3.5.1.2.1    Presence of major premium car manufacturers and component suppliers

3.5.1.3    Asia Pacific

3.5.1.3.1    Strong automotive aftermarket and preference for superior interiors

3.5.1.4    Latin America

3.5.1.4.1    Recovering economies along with increasing demand for commercial vehicles

3.5.1.5    MEA

3.5.1.5.1    Rising consumer inclination for high-end & luxury vehicles and increasing presence of distributors

3.5.2    Industry pitfall & challenges

3.5.2.1    Fluctuating vehicle sales in major regions

3.6    Regulatory landscape

3.6.1    North America

3.6.1.1    Code of Federal Regulations (CFR)

3.6.2    Europe

3.6.2.1    NF ISO 3795/ Federal Motor Vehicle Safety Standard (FMVSS)

3.6.3    Asia Pacific

3.6.3.1    AS 2001.2.28-1992

3.6.4    Latin America

3.7    Growth potential analysis, 2021

3.8    Porter’s analysis

3.9    Porter’s analysis

3.10    Russia-Ukraine war impact on precision gearbox market

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[techninja]

Automotive Floor Mats Market: Key Players, Trends, and Strategies for Success

The automotive floor mats market is expected to witness significant growth over the forecast period. This is owing to increasing preference for lighter, more efficient, and aesthetically-pleasing automotive floor mats in the automotive industry.

The global automotive floor mats market was valued at US$ 11.7 million in 2022, and is expected to witness a CAGR of 4.5 % to reach US$ 16.6 million by 2030.

The growth of the automotive floor mats market is driven by a number of factors, including:

Increasing production of automobiles across various countries

Increasing consumer demand for safety and comfort in vehicle cabins

Rising demand for passenger vehicles

The development of automobile aftermarket services

Increasing consumer preference towards comfort and quality

However, the growth of the automotive floor mats market is restrained by a number of factors, including:

Stringent government policies

Fluctuating raw material prices

The automotive floor mats market is segmented on the basis of material type, end-user, and region.

On the basis of material type, the market is segmented into rubber, carpet, and leather. Rubber is the most dominant segment of the market, followed by carpet and leather. Rubber floor mats are the most preferred choice of consumers due to their durability and resistance to wear and tear. Carpet floor mats are preferred for their comfort and aesthetic appeal. Leather floor mats are preferred for their luxury and premium look.

On the basis of end-user, the market is segmented into passenger vehicles and commercial vehicles. Passenger vehicles are the largest segment of the market, followed by commercial vehicles. Passenger vehicles account for the majority of the market share due to the increasing demand for passenger vehicles across the globe. Commercial vehicles are also expected to witness significant growth in the coming years due to the increasing demand for logistics and transportation services.

On the basis of region, the market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Asia Pacific is the largest market for automotive floor mats, followed by North America and Europe. Asia Pacific is expected to continue to be the fastest-growing market for automotive floor mats in the coming years due to the increasing production of automobiles in the region.

The key players operating in the automotive floor mats market are Toyoda Gosei, Tristar Products, Husky Liners, WeatherTech, Lloyd Mats, and Eagle Industries. These players are focusing on product innovation and expansion into new markets to gain a competitive edge in the market.

The automotive floor mats market is a fragmented market with a large number of small and medium-sized players. The market is characterized by high competition and frequent product launches. The key players in the market are focusing on product innovation and expansion into new markets to gain a competitive edge.

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Grypmat Reviews

You may risk putting them down on some part of the aircraft that’s close to to the duty, however there’s all the time the hazard of marking or damaging surfaces. That’s improbable whenever you may be that individual and when it aligns together with your vision for your life. The Grypmat is the world’s best non-slip device tray that’s available on the market proper now. Since premiering on SharkTank, Grypmat has doubled its workforce and gross sales, has landed partnerships with leaders in the instrument truck business, and not too long ago, has been named one among TIME magazine’s Greatest Inventions of the Year. Starting his pitch by stating that he's an F16 mechanic in the United States Air Force, he tells them that he runs into issues “time and time again” throughout his work. After promoting his home and a lot of his belongings to afford to take his invention to EAA AirVenture for the primary time in 2015, he was finally capable of share his invention with the aviation world. Grypmats have been a big vendor in the military and industrial aerospace markets and the final aviation group. Elaborating, he tells them that they’re about to move from the aviation to the automotive industry.

Any advice I would give is that there is no such thing as a “big break”, there are “breaks” — but don’t assume that one break means you have to cease working. For every working man and woman, their instruments are vital to them performing their job efficiently. I was bored with my instruments slinging off the aircraft and probably not having a place to set them,” he says. The Bigger GrypMat 12" x 22" is for the heavy obligation GA Mechanic who wants extra; extra devoted area and more group, identical to having an additional set of arms on site with you. Whether or not you're engaged on a sizzling engine, a high-wing airplane, or on the inside of a marine vessel, The Grypmat offers a protected area so that you can set your instruments. We found that Grypmats follow any floor we tried them on-body, glass, the intake manifold, even inside carpeting-whereas still permitting easy placement and removing if you lift up an edge. We've got discovered the massive Grypmat to be an excellent instrument caddy/platform when performing maintenance on helicopters. GrypMat works the place other tool trays wont, such because the curved surfaces discovered on aircraft wings and our bodies.

Burden was creating the first prototypes of the Grypmat when he was accepted into Wisconsin-based mostly seed fund and mentoring program Ideadvance. It was absolutely funded in the primary 10 hours,” Burden says. The first hybrid of its sort, the bilevel equalizer successfully combines the excessive efficiency of an lively equalizer with the low cost of the passive equalizer. It may appear a little bit dear, especially contemplating the simplicity of the design, however a non-slip tray that won’t mark up a paint job is probably value its weight in gold. You may be able to complete the job on-time with out breaking a sweat. Keep your instruments shut and get the job completed right. Plus, the extremely visible orange shade presents a pleasant, stark distinction to monochromatic instruments and fasteners, which improves visibility. To suit a wide range of wants, the vivid orange Grypmat is on the market in three sizes: giant, medium and small. To resolve this problem he explains, he invented the Grypmat.

Respect Your Workflow With Grypmat you’ll expertise an entire new workflow. The GrypMat by Grypshon Industries is made from a rubberized, flexible, non-marring, non-slip, anti-static material. Kickstarter efforts. Grypshon developed a proprietary mix of polymers and silicon rubber which is utilized in all Grypmats and which supplies them unique properties. In the future, Tom was riding along with his Mother and noted a bit rubber pad on her automotive's dashboard. Sooner or later he seen his mothers sticky sprint-board phone holder mat and he knew he had an concept to keep his instruments from sliding. The large Grypmat is designed for extra involved jobs, the place a handful of tools just won't cut it. MEASUREMENT SYSTEM: The big and medium Grypmats include a built in ruler. Until you watch ABC’s Shark Tank, of course, which provided a huge financial enhance and nationwide publicity grypmat to propel Grypmat development after Burden’s product was featured on the popular tv present. Sarit Bhaduri, PhD, professor of mechanical, industrial and manufacturing engineering, led improvement of a brand new, moldable bone substitute that fills gaps in bone and encourages new bone progress in difficult fractures that can’t heal on their very own.

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Industrial Rubber Products Market worth US$ 174 Bn by 2027

The global industrial rubber products market was valued at ~US$ 106 Bn in 2018, and is anticipated to expand at a CAGR of ~6% from 2019 to 2027. The demand for synthetic rubber has increased in industrial, automotive, and performance-demanding applications due to their unique properties. In terms of volume, the automotive industry is a major consumer of industrial rubber products, which are used in various dynamic and static seals, belts, and hoses. Thus, rise in the demand for rubber products in various industries is driving the global industrial rubber products market.

Key Drivers of Global Industrial Rubber Products Market

According to the European Construction Industry Federation (FIEC), the global construction sector is expected to reach US$ 8 Trn by 2030. China, the U.S., and India account for more than 50% share of the global construction sector.

Rubber is widely used in construction in the production of window seals, bearings, expansion joints, facade seals, belts, sheets, floorings, and mountings, due to its excellent physical properties such as temperature resistance, flame retardancy, low smoke & toxicity, absorption, environmental resistance, and water resistance.

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Growth of the construction & infrastructure industry is driving the global industrial rubber products market.

Increase in Recycling Rate of Rubber to Create Opportunities in Global Market

Recycled rubber is environment-friendly. Commonly recycled rubber is used in the manufacturing of tires, tennis shoes, rubber beach balls, and hot water bottles, etc.

Environment-friendly rubber products can be used in the automotive and construction sectors. They are commonly used as a type of flooring product, such as rubber flooring, playground surfaces, rubber matting, recycled rubber mulch, and rubber pavers. These factors are likely to create lucrative opportunities for the global industrial rubber products market.

Government Regulations and Health Hazards Associated with Industrial Rubber to Hamper Market

The production of rubber products entails heterogeneous mixtures of numerous chemicals to carry out heat, pressure, and catalytic actions during various manufacturing processes. As a result, the work environment may be contaminated with dust, gases, vapors, fumes, and chemical byproducts. Workers may be exposed to these hazards through inhalation and skin absorption during rubber processing and product manufacturing.

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Competition from suppliers in low-cost countries is expected to adversely affect the prices of a majority of industrial rubber products, thereby limiting value gains. Thus, overdependence on suppliers, uncertain raw material prices, import duties, health hazards, and stringent government regulations are anticipated to hamper the global industrial rubber products market.

Asia Pacific Dominates Global Industrial Rubber Products Market

The industrial rubber products market in China is driven by significant increase in the number of automobiles in the country. Growth of the automotive industry in China and the availability of low-cost labor in the region are major factors driving the automotive parts & components sector in Asia Pacific. Rubber is commonly used to manufacture various automotive parts, such as washers, wipers, and belts. Thus, the expanding automotive industry in Asia Pacific is driving the industrial rubber products market in the region.

Natural Rubber Held Major Share of Global Industrial Rubber Products Market

Natural rubber is expected to be a highly attractive rubber type segment of the industrial rubber products market. Natural rubber has low hysteresis, which leads to low heat generation, maintains the integrity of belts and hoses, and extends retreadability. Moreover, natural rubber has low rolling resistance, which results in enhanced fuel economy.

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The styrene-butadiene rubber sub-segment accounted for a considerable share of the synthetic rubber segment in the global industrial rubber products market in 2018. SBR possesses high strength, abrasion resistance, and blend capability. SBR is comparatively less expensive than other synthetic rubber products

Molded Process Prominent in Global Industrial Rubber Products Market

In terms of process, molded is likely to be a highly attractive segment of the global industrial rubber products market during the forecast period. Transfer molding offers design flexibility and allows for sharper edges. The molded process provides tighter control of dimensional tolerance and economical process for medium to high precision components. Top Players Account for Major Market Share

Prominent players operating in the global industrial rubber products market are Bridgestone Corporation, Goodyear Tire and Rubber Company, Continental AG, and Sumitomo Riko Company Limited. Key industrial rubber product manufacturers accounted for approximately 40% to 50% share of total global market in 2018.

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On April 1, 2019, Parker Hannifin Corporation extended its hose range with the introduction of R50TC/R56TC ParLock multi-spiral hoses, which are available with four or six spirals. ParLock R50TC/R56TC offers a tight bend radius, not greater than R15 hose specification. Additionally, it has been tested for one million cycles at 120% working pressure. The range has also been approved with 8,000 psi flanges in straight, 45° and 90° configurations.

In March 2017, Yokohoma Rubber Co., Ltd. acquired Aichi Tire Industry, which manufactures and markets tires for use in forklifts and other industrial machinery.

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[marketresearchs]

Fiberglass Fabric Market Size Forecast to Reach $8.5 Billion by 2025

Fiberglass Fabric Market size is forecast to reach $8.5 billion by 2025, after growing at a CAGR of 5.4% during 2020-2025, owing to the rising demand of fiberglass fabric from various end-use industries such as building & construction, automotive & transportation, wind energy, aerospace & defense, chemical, and more. The demand for fiberglass fabrics is increasing in varied industries due to their extensive set of characteristics such as high tensile strength, dimensional stability, high heat resistance, fire resistance, excellent thermal conductivity, good chemical resistance, and more. In addition, fiberglass fabrics are being extensively used in the electrical & electronics applications because of its lightweight, electrical, and durable properties, which is anticipated to boost the fiberglass fabric market during the forecast period.

By Fiberglass Type – Segment Analysis

The E-glass fiberglass segment held the largest share in the fiberglass fabric market in 2019, owing to its superior properties such as inorganic, good abrasion resistance, low thermal conductivity, excellent dielectric strength, and more. They are also characterized by their resistance to continuous high temperatures of up to 550°C and their excellent electrical insulation properties. E-glass fiber is rot-proof, can withstand the main chemical agents, and remains dimensionally stable, even under intense variations of humidity and temperature. In addition, E-glass fiber is much stronger than steel in tensile strength and almost as strong as industrial-grade carbon fiber. Thus, the extensive characteristics and cost efficiency of E-glass fiberglass are anticipated to boost the demand for E-glass fiberglass during the forecast period.

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By Fabric Type – Segment Analysis

The woven fabric segment held the largest share in the fiberglass fabric market in 2019, as they offer superior performance as compared to the nonwoven type. It is manufactured from chopped strand mats and can bring several structural advantages. The woven fabrics are superior to non-woven type due to its feature of interlocked layers that prevent delimitation, offers high impact resistance, and create a strong barrier. This extensive characteristic of woven fabric is anticipated to boost the demand for woven fabrics during the forecast period.

By End-Use Industry – Segment Analysis

The building and construction sector held the largest share in the fiberglass fabric market in 2019 and is growing at a CAGR of 6.56%, owing to the increasing demand of fiberglass fabrics as a raw material from the building and construction industries for construction applications such as the insulation panels, roof panels, façade, roof plates, and more. They are preferred in the construction area because of their properties to withstand longitudinal & transverse load, and chemical & corrosion resistance. They are used as a highly effective insulation material in exterior and roof panel applications due to their waterproof properties. Also, they are used in construction applications such as mesh fabrics, drywall tapes, wall coverings, flooring, and more as they are durable, naturally fire-resistant, and they do not elongate or shrink. Thus, with the increasing building and construction sector, the demand for fiberglass fabric will also increase, which will boost the fiberglass fabric market in the building and construction sector during the forecast period.

By Geography – Segment Analysis

Asia Pacific region held the largest share in the fiberglass fabric market in 2019 up to 31%, owing to the increasing building and construction industry in the APAC region. The building and construction activities are increasing in countries, such as India, China, and Singapore due to economic reforms and rising per capita income of the individuals. The population growth is resulting in the need for more residential and commercial sectors. In India, the government has initiated projects, such as ‘100 smart cities’ and ‘Housing for All by 2022,’ which are expected to drive the Indian residential construction market over the forecast period. According to the International Trade Administration (ITA), the construction value of China in 2018 was USD 893.58 and it is forecasted to reach USD 968.06 by 2019. Also, the Chinese construction industry is forecasted to grow at an annual average of 5% in real terms between 2019 and 2023. According to the Australian trade and investment commission, the government projected Singapore’s average construction demand for 2018 and 2019 between S$26 billion to S$35 billion. Such initiatives are leading to increased building and construction activities by the government in the region, which is further anticipated to drive the fiberglass fabric market in the Asia Pacific during the forecast period.

Drivers – Fiberglass Fabric Market

Increasing Aerospace Industry

Fiberglass is used in both military and civilian aerospace industry for manufacturing parts such as test equipment, ducting, enclosures, and others due to its superior tensile strength and compressive strength qualities. They are extensively used to reduce weight (up to 20% over aluminum), improve fuel economy, and increase the flying range of aerospace. According to the International Trade Administration (ITA), in 2019 China was the world’s second-largest civil aerospace and aviation services markets and one of the fastest-growing markets. In 2016, according to Boeing, China is estimated to require around 6,810 new commercial aircraft, valued at USD 1 trillion, over the next two decades. By the end of 2018, China had more than 59 airlines and 3,615 civil aircraft, an increase of 10% over 2017. According to China’s 13th Five Year Plan (2016-2020), by 2018, the number of Chinese civil airports had grown to 235. According to the International Trade Administration (ITA), in 2018 the Indian government spent a total of $645 in the civil aviation sector. Also, according to Boeing India is expected to drive the demand for 2,300 aircrafts worth US$320 billion over the next 20 years. Thus, with increasing aerospace industry the demand for fiberglass fabric will also increase, which acts as a driver for the fiberglass fabric market.

Increasing Automotive Production

In the modern world, there are many vehicle parts currently being made of fiberglass fabric, where weighing is crucial. Fiberglass is mainly used in the front and rear bumpers, hoods, doors, casings, timing belts, and V-belts, due to the high tensile strength, temperature resistance, and dimensional stability of the fiberglass fabric. According to the International Trade Administration (ITA), China is the world’s largest vehicle market and the Chinese government is expecting that automobile production will reach 35 million by 2025. According to the China Association of Automobile Manufacturers, in 2018 over 27 million vehicles were sold. In 2017, according to the International Trade Administration (ITA), 1.2 million new passenger cars, SUVs, and commercial vehicles were sold in the Australian market, an increase of 0.9% from 2016. Also, according to OICA, the production of light commercial vehicles has increased by 10.2 % in 2018 in the APAC region. Also, automotive parts such as clutch discs and brake pads are reinforced with woven fiberglass fabrics to maintain the integrity of the composite in a hot and abrasive environment. Thus, the increasing automation production will require more fiberglass fabric for manufacturing various automotive parts, which will act as a driver for the fiberglass fabric market during the forecast period.

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Challenges – Fiberglass Fabric Market

High Production Cost of Fiberglass Fabric

The product is highly capital-intensive with the high cost of the furnace and other machinery. Furthermore, manufacturing methods such as Vacuum Assisted Transfer Molding (VARTM) and autoclaving are both time consuming and labor-intensive. The fiber production process is time-consuming and complicated. More importantly, it requires a tremendous amount of energy. The energy costs alone make up a good portion of the total cost of fiber production. In terms of labor, it is practically expensive given that composite manufacturing is a highly specialized field. The same is true for machining. The more advanced the products, the more expensive the labor and machining costs. Thus, handling of raw material and final product requires skilled labor, thereby increasing the cost of production.

Covid-19 Impact on The Fiberglass Fabric Market

Due to the Covid-19 outbreak, all the building and construction activities are stopped until the pandemic, and no new orders can be taken over neither the existing order production could be completed, which is heavily affecting the fiberglass fabric market. In addition, COVID-19 pandemic is having a huge impact on the aviation industry. The production of aircraft has been disruptively stopped, contributing to a major loss in the total aerospace sectors. According to the Welsh Government services and information, global demand for production of short-haul sized aircraft is likely to drop by 15% (around 1,500 fewer aircraft out of 10,000) and by 30 - 65% for long haul sized craft, by the end of 2025, (around 600 - 1,300 fewer aircraft out of 2,000).

Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the fiberglass fabric market. In 2019, the market of fiberglass fabric has been consolidated by the top five players accounting for xx% of the share. Major players in the fiberglass fabric market are Owens Corning, Gurit, Jushi Group Co., Ltd., Chomarat Textile Industries, Saertex GmbH & Co.KG., Tah Tong Textile Co. Ltd, Auburn Manufacturing Inc., BGF Industries Inc., Nitto Boseki Co. Ltd., and Taiwan Electric Insulator Co. Ltd.

Acquisitions/Technology Launches

In January 2016, Owens Corning acquired the glass non-wovens and fabrics businesses of Ahlstrom, to strengthen its position as a global leader in the non-wovens and wind energy, high-modulus glass, and specialty fabrics segments.

In June 2018, Owens Corning entered into a strategic cooperation and supply agreement with Chongqing Polycomp International Corp. (CPIC) for joint investment in technology, and construction and operation by CPIC of a new facility dedicated to the manufacture of high-modulus glass fiber products in China.

In December 2018, Jushi India Fiberglass, part of China’s Jushi Group, set up a fiberglass manufacturing plant in Maharashtra at an investment of $246 million.

In April 2019, Nitto Boseki Co. acquired Taiwan's Baotek Industrial Materials Ltd. to strengthen its glass fiber supply chain amid growing demand from the electronics sector.

Key Takeaways

Asia Pacific dominates the fiberglass fabric market, owing to increased manufacturing & construction activities due to various government initiatives in the region such as 100 smart cities and Housing for all by 2022.

The fiberglass fabrics are used in lightweight constructions of the globally growing wind energy industry, where they have been integrated into multiple wind energy applications such as composite manufacturing of rotor blades and nacelles for wind generation.

The fiberglass fabrics are resistant to aggressive chemicals, liquids, and alkalis. This makes them ideal for applications such as wastewater treatment plants, swimming pools, cooling towers, and construction, where there is a risk of corrosion.

Fiberglass and hemp, in the form of fabrics, are extensively used to reinforce the thermosetting polymers matrix, which includes a traditional epoxy resin or polyester resin and a linseed oil-based bio-resin (UVL).

Due to the COVID-19 Pandemic, most of the countries have gone under lockdown, due to which operations of various industries such as automotive and aerospace have been negatively affected, which is hampering the fiberglass fabric market growth.

Related Reports :

A. Performance Fabric Market

https://www.industryarc.com/Report/15982/performance-fabric-market.html

B. Polymer Coated Fabrics Market

https://www.industryarc.com/Report/16420/polymer-coated-fabrics-market.html

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[technogeekstmr]

Automotive Carpeting and Roofing Market Size, Business Revenue Forecast, Leading Competitors and Growth Trends 2030

Autoneum Holding Ltd., Faurecia, Lear Corporation, and Magna International Inc. are the topmost firms leading the global automotive carpeting and roofing market, with more than 50% of overall market share. Looking at this scenario, the automotive carpeting and roofing market is expected to project a highly consolidated landscape. Apart from investing in improving product quality, the key players are also indulging into product development, by adopting strategies for example collaboration and mergers and acquisitions so as to get an edge over their competitors in the global automotive carpeting and roofing market.

Several important players working in the global automotive carpeting and roofing market are substantially investing into market by private equity in the industry. The companies have become highly active, due to which they have a notable impact on automotive carpeting and roofing market. Owing to attempts by equity firms to buy and make methods, the market is likely to show positive results of the advantages in the coming years.

The global automotive carpeting and roofing market is prognosticated to expand at a CAGR of 5.9% within the forecast period from 2017 to 2025. In 2016, the market was valued worth US$13.51 bn. This figure is foreseen to surge with a valuation of US$22.66 bn by 2025 end.

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On the basis of vehicle type, the global automotive carpeting and roofing market heavy commercial vehicles, passenger vehicles, and light commercial vehicles. Out of these, passenger vehicles segment is the highest consumer of automotive carpeting, roofs, and floor mats. The segment accounts for more than 56% percent of market share than the other segments classified as per vehicle type, in 2016. Geography-wise, Europe and Asia Pacific are the two more lucrative regions in the overall automotive carpeting and roofing market. Both the regions account for around 60% of the global share of the market in 2016. In the coming years, Asia Pacific is likely to register as a key region in the global automotive carpeting and roofing material market during 2017 to 2025.

Eco-friendly Living to Surge Demand in Global Market

Various factors such as rising use of nano-materials in automobile fabric, surging usage of green technologies in automobile leather materials, and several other technological advancements are making way for the growth of global automotive carpeting and roofing market. These advancements are credited to the increasing R&D activities. This shift in the reference is anticipated to provide lucrative opportunities to the players to invest in global automotive carpeting and roofing market. Besides, rising inclination towards environment friendly living, and using green technologies are estimated to reduce the harmful emission. This aims to make the vehicles more fuel efficient and cost-effective.

Fluctuating Changes in Vehicle Production to Effect negatively on Overall Market

However, the variable production of different types of vehicles across the globe is affecting the growth of automotive carpeting and roofing market, negatively. Moreover, changes in vehicle production are foreseen to hamper the market demand in the span of forthcoming years. These are some of the factors pulling down the growth of global automotive carpeting and roofing market.

Nevertheless, due to growing scope in the developing nations of Asia Pacific region could reduce the effect of restraints in the global market. Besides, the surging demand for vehicles in the nations for example, Japan, India, and China is also propelling the growth of automotive carpeting and roofing market in future.

The study presented here is based on a report by Transparency Market Research (TMR) titled “Automotive Carpeting and Roofing Market (Component – Floor Carpet, Trunk Trim, and Headliners/Sunshades; Material – Fabric, Rubber, Polyvinyl Chloride, and Foam; Vehicle Type – Passenger Vehicles, Light Commercial Vehicles, and Heavy Commercial Vehicles) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025.”

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The segments covered in the global automotive carpeting and roofing market are as follows:

Component

Floor Carpet

Trunk Trim

Headliners/Sunshades

Material

Fabric

Rubber

Polyvinyl Chloride

Foam

Others

Vehicle Type

Passenger Vehicles

Light Commercial Vehicles

Heavy Commercial Vehicles

Geography

North America

Europe

Asia Pacific

Middle East and Africa (MEA)

Latin America

US.

Canada

Mexico

Germany

France

U.K.

Italy

Rest of Europe

China

India

Japan

Rest of Asia Pacific

Iran

South Africa

Rest of MEA

Brazil

Argentina

Rest of Latin America

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Transparency Market Research State Tower, 90 State Street, Suite 700, Albany NY – 12207 United States USA – Canada Toll Free: 866-552-3453 Email: sales@transparencymarketresearch.com Website: https://www.transparencymarketresearch.com

[manju123]

Automotive Heat and Sound Insulation Solution Market volume analysis & strategies insight 2021

Automotive Heat and Sound Insulation Solution Market is expected to show magnificent CAGR of 5.5 % according to latest study Published by Profshare Market Research. The percentage splits, market shares, growth rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources. The study also provides key market indicators affecting the growth of the market.

Research report includes in depth competitive analysis with shares of each player inside market, growth rate and market attractiveness in different end users/regions. Study used very precise top-down and bottom-up approach in order to validate market revenue, volume, manufacturers, regional analysis, product segments and end users/applications.

Major players in the market are identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top manufacturers; whereas, primary research included key opinion of leaders and industry experts.

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Seamless product delivery to consumer has become more important than it ever were, proper value chain analysis exactly delivers the same. Supplier analysis delivers very clear picture supply- demand scenario in the market. Opportunities and threat analysis has gain significant importance in recent years primarily due to dynamic nature of industry. Analytical tools used while developing research studies includes SWOT analysis, market sizing, Porter's 5 Forces model, PESTAL analysis.

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In order to completely understand market analysis, study is segmented into below categories:

Materials use in the Automotive Heat and Sound Insulation:

Heavy Foil

Aluminum foil coated polyester

Ac-Sorb noise insulation material

Glass fiber mats

Quiet floor material

Global Automotive Heat & Sound Insulation Solution Market: Competitive Analysis

Autins Group plc

Knauf Insulation

Henkel

3M

Bostik

JBC TECHNOLOGIES

ISOVER (Saint-Gobain)

UFP Technologies, Inc.

SoundTech, Inc.

Trelleborg

Avon Group Manufacturing Ltd

Siderise Group

Global Automotive Heat & Sound Insulation Solution Market: Application Analysis

Passenger Vehicles (PV) like Cars

Utility vehicles & Vans,

Light Commercial Vehicles

Medium & Heavy Commercial Vehicle like Trucks and Buses

Regional analysis

North America : USA, Mexico, Canada

Europe: UK, Germany, France, Spain, Italy, Netherlands & Rest of Europe

Asia Pacific : China, India, Japan, Singapore, South Korea & Oceania

Latin America : Brazil & Argentina

Middle East : UAE, Qatar, Israel.

Rest of the World.

Research report includes below primary reasons that makes it very useful as one stop information point for various market scenarios.

Market estimation

Forecast 2020-28

Growth drivers

Raw material & Supply analysis

End User & Application insight

Key player’s analysis

Import & Export scenario

Challenges & Opportunities

Current & emerging market trends.

Tenders & Pricing scenario.

About Profshare:

Profshare Market Research is a full service market research company that delivers in depth market research globally. We operate within consumer and business to business markets offering both qualitative and quantitative research services. We work for private sector clients, along with public sector and voluntary organizations. Profshare Market Research publishes high quality, in-depth market research studies, to help clients obtain granular level clarity on current business trends and expected future developments. We are committed to our client’s needs, providing custom solutions best fit for strategy development and implementation to extract tangible results.

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Profshare Market Research

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Car Care Product Market Demand and Outlook

A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the global Car Care Product market was worth USD 10.1 billion in the year 2020. The data gathered in the study suggests that the market is estimated to grow at a CAGR of 3.43%, earning revenue of around USD 12.6 billion by the end of 2027. The aging of vehicles and the declining trend of replacement of vehicles also tilt the balance in favor of the car care service market. The Car Care Product market is primarily driven by rising safety and security needs, the growing demand for proper car maintenance, increased customer awareness about vehicle care, and government-mandated periodic maintenance.

Availability of the Eco-Friendly Car Care Products will is Driving Car Care Market Demand

Because environmental awareness is growing, particularly among the younger population, they are choosing environmentally friendly products, including automobiles. As a result, automobile manufacturers are producing a wide range of automotive items that are less harmful to the environment and use less water. Furthermore, innovative solutions such as waterless car washes and wax solutions are also attracting the younger demographic. Furthermore, producers are opting for environmentally friendly raw materials that exceed regulatory norms. As a result of these factors, the worldwide auto care product market is gaining significant traction.

Ease of Use of Car Care Products Driving the Global Car Care Products Market

Most automobile owners prefer to have their vehicles cleaned and maintained by professionals. However, a sizable proportion of the population prefers to do which automobile maintenance and cleaning on their own. The market is filled with car care products that do not need much expertise to use and can easily be used at homes. The demand for such products flourished in the lockdown period when people had to stay at home all day, which prompted them to take care of their cars on their own.

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The Cleaning Products Segment will lead the Global Car Care Product Market in The Forecast Period

Based on product types, the global car care product market is categorized into the following segments, i.e., cleaning and caring, polishing and waxing, sealing glaze and coating, and other products. The cleaning products segment dominates the global car care product market with the maximum market share. Today, automobile owners are spending considerable sums on car maintenance products due to increased consumer awareness and trends of making cars look as presentable as possible. The demand for motor vehicles is gradually increasing, resulting in rising consumer demand for after-market services such as car washes. Interior cleaning and hand wax services are the most popular in the segment, followed by exterior cleaning, shampoo floor mats, and upholstery cleaning. Multipurpose products are fast-acting, provide repellent and protection properties to ensure long-lasting cleaning benefits. The cleaning segment is thriving with a strong growth rate due to multipurpose product use, odor neutralization, convenience of use, and ecologically friendly sustainable products.

Global Car Care Product Market - Regional Insights

Geographically, the global car care product market is segmented into North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle-East & Africa. Among these regions, North America dominates this market followed by Europe. The rising popularity of minivans as family vehicles and the rising demand for luxury automobiles in North America is expected to expand the market for auto maintenance products during the forecast period. Also, the Asia-Pacific is projected to be the fastest-growing market with a significant CAGR throughout the forecast period because of the growing automotive manufacturing industry in countries such as China, South Korea, and India.

Impact of COVID-19 On the Global Car Care Product Market

The COVID-19 epidemic has had a devastating impact on the whole automobile industry, including car care products. As soon as the EHO declared the coronavirus as a pandemic, the governments of different countries had to impose nationwide lockdown to curb the spread of the virus. As a result of the complete lockdown, people were compelled to stay indoors to follow the social distancing norms. As a result, automobile usage reduced significantly, as did the maintenance requirements This also resulted in the subsequent decline in the demand and consumption of car care products.  

Competitive Landscape

The leading market players of the global car care products are 3M, Turtle Wax, Illinois Tool Works, Armored AutoGroup, SOFT99, SONAX, Tetrosyl, Northern Labs, Liqui Moly, Simoniz,  Autoglym,  Bonny,  Bulls one,  Yaobang, CHIEF, Rainbow, Mothers, Auto Magic, and other prominent players.

The key industry players are now shifting their focus towards emerging economies that hold great growth potential for car care products. They are establishing production plants in these regions and also making wide ranges of products available to establish themselves as leading market players.

About Us

BlueWeave Consulting provides comprehensive Market Intelligence (MI) Solutions to businesses regarding various products and services online and offline. We offer all-inclusive market research reports by analyzing both qualitative and quantitative data to boost up the performance of your business solutions. BWC has built its reputation from the scratch by delivering quality inputs and nourishing long-lasting relationships with its clients. We are one of the promising digital MI solutions companies providing agile assistance to make your business endeavors successful.

[reportr]

Organic Matting Agent Market trends Analysis By Recent Trends and Future Growth 2027

Organic Matting Agent are a kind of supplement, which enhance the performance of coatings. These are widely used in paints & coatings to provide corrosion and temperature resistance along with increasing antiglare properties. They helps in increasing the viscosity of the formulation. They are widely used in numerous application such as wood, architectural, industrial, leather, automotive, and others on account of superior properties such as high scratch resistance, excellent weather durability, resistance to chemicals.

Some of the prominent factors that positively influence the growth of Organic Matting Agent are rising urbanization, increasing demand for paints & coatings, growing per capita disposable income, and rising popularity among consumers to adopt matte finish products. Furthermore, increasing construction industry and rising automotive manufacturing across the globe are predicted to drive the growth of the market. Recently, matting agent producers have shifted their focus towards reducing the volatile organic content from paints & coatings formulations, due to rising environmental concern are expected to give a boost to water based Organic Matting Agents. However, high film shrinkage time along with the high VOC emission rate in solvent matting agent are predicted to hinder the growth of the market over the assessment period.

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 Market Segmentation:

The Global Organic Matting Agent Market is categorized on the basis of type, technology, application, and end use industry. Based on type, the market is segmented into waxes, thermoplastic, and others. Furthermore, waxes are segmented into natural, partly synthetic, and wholly synthetic, whereas, thermoplastic is further categorized into polyamides, polyurethanes, and polyacrylates. Under the type segment, wax type segment held the major share in 2016 and is expected to dominate the market over the assessment period. Moreover, the demand for thermoplastic products will grow at a healthy CAGR during the review period. Based on technology, the Organic Matting Agent is classified into solvent based, water based, UV curing, and powder. Among the technology segment, water based segment is expected to grow at a significant rate due to rising awareness regarding the harmful effect of solvent based products as well as stringent regulations imposed by various government agencies regarding volatile organic compound emission rate. Based on application, the market is segmented into automotive, wood, industrial, architectural, leather, and others. Among these, architectural segment hold the largest market in 2016. The growth factors associated with the architectural segment are increasing the usage of organic matting agent in interior and exterior walls of all types of commercial, industrial, residential, and institutional buildings. Moreover, these find wide application scope in decorative interiors such as wood flooring, furniture, wall paintings, and others.

 Regional Analysis:

Asia Pacific is predicted to be the largest market for structural sealant followed by Europe and North America, on account of increasing demand from architectural, automotive, and general industry among others. Emerging countries such as India, Malaysia, China, Vietnam, and Bangladesh are the fastest growing market for Organic Matting Sealant, and is predicted to grow at the same pace in the near future. North American organic matting agent market is estimated to witness a substantial growth with the U.S. and Canada being major contributors on account of growing end use application in wood and architectural. Europe is estimated to witness a steady growth over the assessment period owing to increasing demand for Organic Matting Agent in architectural sector, specifically in Russia, Germany, Spain, and the UK. Market growth in Latin American countries such as Mexico and Argentina is significant due to tremendous growth in automotive sector.

 Competitive Analysis:

The major players operating in the Organic Matting Agent Market include Evonik Industries (Germany), J.M. Huber Corporation (U.S.), PPG Industries, Inc. (U.S.), W. R. Grace & Co.-Conn. (U.S.), ALTANA (Germany), Heubach Color (Germany), TOYOBO CO., LTD. (Japan), BASF SE (Germany), Arkema ( France), J COLOR CHEMICALS. (China), Deuteron GmbH (Germany), and others.

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Europe Car Care Products Market To Witness Accelerated Growth by 2027

Europe Car Care Products Market To Hit USD 4 Bn By 2027. Rising number of vehicle owners and innovations in cleaning technologies will boost Europe car care products market outlook. The region has a strong presence of some of the most formidable names in the automotive sector like Mercedes Benz, Audi, BMW, among many others. In fact, Europe is considered to be one of the leading markets of car care products in the world.

Countries like Germany, France and the UK have a high number of price-conscious vehicle owners and growing awareness about the importance of keeping their cars neat and tidy has prompted them to opt for car care services. There are a large number of repair and service stations across Europe, a vital factor enhancing the consumption of car maintenance products.

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 Some of the popular car cleaning supplies are wax & cleaning, glazes, protective coatings, and many others. Europe car care products market share from wax & cleaning products was valued at more than $2.5 billion in 2020. The main role of car wax is to provide protection to the vehicle from minor scratches and improve its overall aesthetic appearance.

Europe has reputed companies like SONAX GmbH, Tetrosyl Ltd., MA-FRA, Autoland Car Care, Amtra, Cartec B.V., and many others that manufacture and sell some of the best car care products. Car cleaning solutions like shampoos and cleaners help remove stubborn dirt and other contaminants. Car polish, on the other hand, is used to remove any imperfections that were left out after applying the clear coat, thereby elevating the vehicle’s look and finish.

Europe car care products industry share will be worth almost $4 billion by 2027. The regional market size from interior body parts will record a steady 1.9% CAGR up to 2027. Interior car cleaning services are gaining momentum as they play an important role in protecting the dashboard and upholstery from mildew and dust.

There are special carpet steam cleaners available that remove all kinds of stains and dirt from floor mats and cargo area carpeting. Air fresheners are used to get rid of unpleasant odors and give the car a fresh feel. These car cleaning products aim to enhance the owner’s driving experience.

Around 30% of car care products market share in Europe was held by online distribution channels in 2020. An increasing number of automotive consumers are preferring online platforms as they have the ability to correctly predict the changes in a customer’s buying behavior. The online medium helps clients get more information about an automotive brand and offers heavy discounts and free shipping. All these factors make it a lot easier for customers to shop online for their desired automotive products.

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As customers across Europe have become aware about the importance of sending their cars for regular cleaning and maintenance services, the manufacturing and consumption of car care products has increased by many folds in the region. Products like glazes, coatings, cleansing detergents, waxes, and polishes are being used to restore shine and renew the appearance of vehicles. These products are widely used for the exterior parts because they endure the maximum damage during accidents. Offline channels for selling car care products continue to gain momentum as customers can physically inspect the products before buying them.

Glazes and coating products play a vital role in eliminating imperfections and improving the aesthetic appearance of cars. This is why Europe car care products market share from this segment will register a CAGR of 1.5% up to 2027. Glazes have certain fillers and leveling agents that fill up any minor scratches and swirls. Light colored vehicles heavily use this product to bring back shine and take away imperfections in the car’s body parts. Coatings are used as a protective layer on the actual paint on cars so that in events of minor accidents the paint stays intact.

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Industrial Rubber Products Market is anticipated to expand at a CAGR of ~6% from 2019 to 2027

The global industrial rubber products market was valued at ~US$ 106 Bn in 2018, and is anticipated to expand at a CAGR of ~6% from 2019 to 2027. The demand for synthetic rubber has increased in industrial, automotive, and performance-demanding applications due to their unique properties. In terms of volume, the automotive industry is a major consumer of industrial rubber products, which are used in various dynamic and static seals, belts, and hoses. Thus, rise in the demand for rubber products in various industries is driving the global industrial rubber products market.

Key Drivers of Global Industrial Rubber Products Market

According to the European Construction Industry Federation (FIEC), the global construction sector is expected to reach US$ 8 Trn by 2030. China, the U.S., and India account for more than 50% share of the global construction sector.

Rubber is widely used in construction in the production of window seals, bearings, expansion joints, facade seals, belts, sheets, floorings, and mountings, due to its excellent physical properties such as temperature resistance, flame retardancy, low smoke & toxicity, absorption, environmental resistance, and water resistance.

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Growth of the construction & infrastructure industry is driving the global industrial rubber products market.

Increase in Recycling Rate of Rubber to Create Opportunities in Global Market

Recycled rubber is environment-friendly. Commonly recycled rubber is used in the manufacturing of tires, tennis shoes, rubber beach balls, and hot water bottles, etc.

Environment-friendly rubber products can be used in the automotive and construction sectors. They are commonly used as a type of flooring product, such as rubber flooring, playground surfaces, rubber matting, recycled rubber mulch, and rubber pavers. These factors are likely to create lucrative opportunities for the global industrial rubber products market.

Government Regulations and Health Hazards Associated with Industrial Rubber to Hamper Market

The production of rubber products entails heterogeneous mixtures of numerous chemicals to carry out heat, pressure, and catalytic actions during various manufacturing processes. As a result, the work environment may be contaminated with dust, gases, vapors, fumes, and chemical byproducts. Workers may be exposed to these hazards through inhalation and skin absorption during rubber processing and product manufacturing.

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Competition from suppliers in low-cost countries is expected to adversely affect the prices of a majority of industrial rubber products, thereby limiting value gains. Thus, overdependence on suppliers, uncertain raw material prices, import duties, health hazards, and stringent government regulations are anticipated to hamper the global industrial rubber products market.

Asia Pacific Dominates Global Industrial Rubber Products Market

The industrial rubber products market in China is driven by significant increase in the number of automobiles in the country. Growth of the automotive industry in China and the availability of low-cost labor in the region are major factors driving the automotive parts & components sector in Asia Pacific. Rubber is commonly used to manufacture various automotive parts, such as washers, wipers, and belts. Thus, the expanding automotive industry in Asia Pacific is driving the industrial rubber products market in the region.

Natural Rubber Held Major Share of Global Industrial Rubber Products Market

Natural rubber is expected to be a highly attractive rubber type segment of the industrial rubber products market. Natural rubber has low hysteresis, which leads to low heat generation, maintains the integrity of belts and hoses, and extends retreadability. Moreover, natural rubber has low rolling resistance, which results in enhanced fuel economy.

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The styrene-butadiene rubber sub-segment accounted for a considerable share of the synthetic rubber segment in the global industrial rubber products market in 2018. SBR possesses high strength, abrasion resistance, and blend capability. SBR is comparatively less expensive than other synthetic rubber products

Molded Process Prominent in Global Industrial Rubber Products Market

In terms of process, molded is likely to be a highly attractive segment of the global industrial rubber products market during the forecast period. Transfer molding offers design flexibility and allows for sharper edges. The molded process provides tighter control of dimensional tolerance and economical process for medium to high precision components. Top Players Account for Major Market Share

Prominent players operating in the global industrial rubber products market are Bridgestone Corporation, Goodyear Tire and Rubber Company, Continental AG, and Sumitomo Riko Company Limited. Key industrial rubber product manufacturers accounted for approximately 40% to 50% share of total global market in 2018.

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On April 1, 2019, Parker Hannifin Corporation extended its hose range with the introduction of R50TC/R56TC ParLock multi-spiral hoses, which are available with four or six spirals. ParLock R50TC/R56TC offers a tight bend radius, not greater than R15 hose specification. Additionally, it has been tested for one million cycles at 120% working pressure. The range has also been approved with 8,000 psi flanges in straight, 45° and 90° configurations.

In March 2017, Yokohoma Rubber Co., Ltd. acquired Aichi Tire Industry, which manufactures and markets tires for use in forklifts and other industrial machinery.

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Automotive Carpeting and Roofing Market for New Business Developments Strategies with Competitive Analysis of Top Companies 2021-2027

Autoneum Holding Ltd., Faurecia, Lear Corporation, and Magna International Inc. are the topmost firms leading the global automotive carpeting and roofing market, with more than 50% of overall market share. Looking at this scenario, the automotive carpeting and roofing market is expected to project a highly consolidated landscape. Apart from investing in improving product quality, the key players are also indulging into product development, by adopting strategies for example collaboration and mergers and acquisitions so as to get an edge over their competitors in the global automotive carpeting and roofing market.

Several important players working in the global automotive carpeting and roofing market are substantially investing into market by private equity in the industry. The companies have become highly active, due to which they have a notable impact on automotive carpeting and roofing market. Owing to attempts by equity firms to buy and make methods, the market is likely to show positive results of the advantages in the coming years.

The global automotive carpeting and roofing market is prognosticated to expand at a CAGR of 5.9% within the forecast period from 2017 to 2025. In 2016, the market was valued worth US$13.51 bn. This figure is foreseen to surge with a valuation of US$22.66 bn by 2025 end.

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On the basis of vehicle type, the global automotive carpeting and roofing market heavy commercial vehicles, passenger vehicles, and light commercial vehicles. Out of these, passenger vehicles segment is the highest consumer of automotive carpeting, roofs, and floor mats. The segment accounts for more than 56% percent of market share than the other segments classified as per vehicle type, in 2016. Geography-wise, Europe and Asia Pacific are the two more lucrative regions in the overall automotive carpeting and roofing market. Both the regions account for around 60% of the global share of the market in 2016. In the coming years, Asia Pacific is likely to register as a key region in the global automotive carpeting and roofing material market during 2017 to 2025.

Eco-friendly Living to Surge Demand in Global Market

Various factors such as rising use of nano-materials in automobile fabric, surging usage of green technologies in automobile leather materials, and several other technological advancements are making way for the growth of global automotive carpeting and roofing market. These advancements are credited to the increasing R&D activities. This shift in the reference is anticipated to provide lucrative opportunities to the players to invest in global automotive carpeting and roofing market. Besides, rising inclination towards environment friendly living, and using green technologies are estimated to reduce the harmful emission. This aims to make the vehicles more fuel efficient and cost-effective.

Fluctuating Changes in Vehicle Production to Effect negatively on Overall Market

However, the variable production of different types of vehicles across the globe is affecting the growth of automotive carpeting and roofing market, negatively. Moreover, changes in vehicle production are foreseen to hamper the market demand in the span of forthcoming years. These are some of the factors pulling down the growth of global automotive carpeting and roofing market.

Nevertheless, due to growing scope in the developing nations of Asia Pacific region could reduce the effect of restraints in the global market. Besides, the surging demand for vehicles in the nations for example, Japan, India, and China is also propelling the growth of automotive carpeting and roofing market in future.

The study presented here is based on a report by Transparency Market Research (TMR) titled “Automotive Carpeting and Roofing Market (Component – Floor Carpet, Trunk Trim, and Headliners/Sunshades; Material – Fabric, Rubber, Polyvinyl Chloride, and Foam; Vehicle Type – Passenger Vehicles, Light Commercial Vehicles, and Heavy Commercial Vehicles) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025.”

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The segments covered in the global automotive carpeting and roofing market are as follows:

Component

Floor Carpet

Trunk Trim

Headliners/Sunshades

Material

Fabric

Rubber

Polyvinyl Chloride

Foam

Others

Vehicle Type

Passenger Vehicles

Light Commercial Vehicles

Heavy Commercial Vehicles

Geography

North America

Europe

Asia Pacific

Middle East and Africa (MEA)

Latin America

US.

Canada

Mexico

Germany

France

U.K.

Italy

Rest of Europe

China

India

Japan

Rest of Asia Pacific

Iran

South Africa

Rest of MEA

Brazil

Argentina

Rest of Latin America

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