The global antifouling coatings market is anticipated to register a significant growth to register a significant CAGR of 4.95% during the review period to surpass a value of USD 3,510,076.9 thousand by the end of 2027. The antifouling coating is a covering of paint, and surface treatment used on a solid surface to prevent the attachment of unwanted organisms on the surface. The shipping industry is the major consumer of antifouling coatings, wherein the coatings are applied on the hulls to prevent biofouling and thus meet the tough environmental regulations regarding fuel consumption and carbon emissions.
The global antifouling coatings market is anticipated to witness healthy market growth during the forecast period owing to the rising demand for antifouling coatings in the shipping industry. The technological innovations and product improvements are assessed to set to create attractive opportunities for the producers of antifouling coatings soon. Nevertheless, fluctuations in the raw material prices on the backdrop of volatility in crude oil prices are anticipated to hamper the products’ prices and may hinder the growth of the antifouling coatings market during the assessment period. Also, the high cost of the primary raw materials used in the production of antifouling coatings is set to limit the growth of the global antifouling coatings market during the review period.
Market Segmentation
The global antifouling coatings market has been classified into type, application, and region.
Based on the type of segment, the global antifouling coatings market has been divided into the self-polishing copolymer, copper-based, hybrid, and others.
The self-polishing copolymer segment accounted for the largest market share in 2018 and is projected to register the highest CAGR during the study period.
In terms of application, the global antifouling coatings market has been classified into shipping vessels, drilling rigs, fishing boats, yachts & boats, mooring lines, and others.
Among these, the shipping vessels segment accounted for more than 58% of the market share in 2018. This can be attributed to the high dependency on water transportation for international trade and rapidly increasing global trade for various commodities.

Regional Analysis
Geographically, the global antifouling coatings market has been studied across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Asia-Pacific is likely to command the global antifouling coatings market to register a CAGR of over 5.0% during the forecast period owing to the largest market share in 2019. The regional market has been further segmented into China, India, and Japan. The regional market growth is attributed to the rapid industrialization and the increasing per capita income in these countries.
North America held the second-largest market of the antifouling coatings market with the market value at over USD 200,000 thousand in 2018.

Major Players
Some of the prominent players operating in the global antifouling coatings market include AkzoNobel N.V., Jotun, PPG IndustriesInc., TheSherwin Williams Company, Nippon Paint Holdings Co. Ltd, BASF SE, Kansai Paint Co., Ltd., Boero, Hempel A/s, and Chugoku Marine Paints, Ltd.

COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.

The post Global Antifouling Coatings Market Till 2025 first appeared on CRI Report.

Market Analysis
The chiral compounds consist of a carbon atom at the middle that is attached to four unalike substitutes. The left-hand and the right-hand configurations are also known as the enantiomers. Furthermore, the chiral molecule stereocenter is not solely a carbon atom; but it would also consist of the trivalent sulfur compounds and tetravalent phosphorus.

The enantiomers mainly possess similar physical properties but the only difference which exists in the rotational direction. Commercially, the enantiomers and its separation are difficult. The enantiomers are generally separated by various processing methods including asymmetric, traditional, and biological method.

The driving factors preferring the global chiral chemicals market and its growth are growing demand for the chiral chemicals in the life science and other pharmaceutical application along with mounting agrochemicals industries in the various developing market.

Furthermore, the growing product penetration in various agrochemical industries is also projected to drive the growth of the Global Chiral Chemicals Market. Besides, investments and expansions in chiral chemicals market coupled with the various research & development work by the key industry players are anticipated to offer ample opportunities across the entire value chain.

Market Segmentation
The global chiral chemicals market is classified on the basis of its application, technology, and regional demand. On the basis of its application, the global chiral chemicals market is divided into flavors, agrochemical, pharmaceutical, fragrances, and others. Based on its technology, the global market is segmented into asymmetric preparation method, traditional separation method, and biological separation method.

Regional Analysis
Geographically, the global chiral chemicals market is divided into global regions like Europe, North America, Asia- Pacific, Middle East, LATAM, and Africa.

Major Players
The major players in the global chiral chemicals market include companies like BASF SE (Germany), Strem Chemicals, Inc (U.S.), Solvias AG (Switzerland), Johnson Matthey Plc (U.K.), Chiral Quest (Suzhou) Co.,Ltd (China), W. R. Grace & Co.-Conn (U.S.), Tyche Industries Limited (India), The Dow Chemical Company (U.S.), Nanjing Legend Pharmaceutical (China), Flamma S.p.An (Italy), among others.

The post Global Chiral Chemicals Market Research Report – Forecast To 2023 first appeared on CRI Report.

According to research, the global automotive elastomers market is projected to grow at a significant CAGR during the forecast period. Increasing demand for both passenger and commercial vehicles is expected to drive the global market growth. Stringent emission regulations and resulting demand for light-weight materials is expected to drive the market growth. The global automotive elastomers market has been classified on the basis of type, application, and vehicle type. By type, the thermoset elastomers (TSE) segment was the largest and was valued at USD 18,776.8 million in 2017, owing to TSE’s versatility and growing demand for highly durable and thermally resistant automotive rubber. However, the thermoplastic elastomers (TPE) segment is estimated to grow at the highest CAGR of 5.51% in the following years due to its increasing application in interior components for aesthetic appeal. Based on application, the tire segment accounted for the largest market share of 61.39% in 2017 due to the growing consumption of natural and synthetic elastomers for tire manufacturing. The interior components segment is projected to register the highest CAGR of 5.61% during the forecast period owing to the growing demand for airbags, hoses, and seals, among others. On the basis of vehicle type, the passenger vehicles segment held the largest market share in 2017. Additionally, it is projected to grow at the highest CAGR of 5.46% in the following years due to the growing demand for the product from passenger cars to increase fuel efficiency by reducing weight. Ongoing research to innovate different grades of automotive elastomers is expected to provide lucrative opportunities to the market players.

However, fluctuating raw material prices is expected to hamper the automotive elastomers market growth.

The global market for automotive elastomers is projected to reach USD 45,618.2 million by 2023 and is anticipated to grow at a healthy CAGR of 5.41% during the forecast period.
Regional Analysis
The global automotive elastomers market has been analyzed across five key regions, including North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Asia-Pacific dominated the automotive elastomers market in 2017 and is projected to grow at the highest CAGR of 5.60% during the review period, owing to the proliferating automobile industry, consumer preference for passenger vehicles, and rapid urbanization. China held the largest market share of nearly 50% in 2017 due to favorable government initiatives, rising purchasing power, and increasing standards of living. The European market accounted for a significant share which was valued at USD 6,639.9 million in 2017 owing to the strong automotive hub and stringent emission regulations. Germany is the major contributor and is expected to grow at a robust CAGR of 5.70% during the assessment period, owing to the rising focus on research and development facilities in the field of natural rubber. In addition to this, large automobile companies, such as Audi, BMW, Mercedes-Benz, and Volkswagen, register a surging demand for automotive elastomers in Germany. The North American market accounted for a considerable share in 2017 due to the increasing demand for lightweight vehicles and growing research to develop different advanced grades of elastomers. The US is the leading country in the region and the US market was valued at USD 3,981.3 million in 2017 owing to the presence of major automobile manufacturing companies, such as General Motors, Toyota Motor Corporation, and Nissan Motor Company. The Latin America and the Middle East & Africa markets held a small market share in 2017 and are projected to grow at healthy CAGRs during the forecast period.
Segmentation
The global automotive elastomers market has been segmented on the basis of type, application, vehicle type, and region.
Based on type, the global automotive elastomers market has been bifurcated into thermoset elastomers (TSE) and thermoplastic elastomers (TPE). The thermoset elastomers segment has been further categorized into natural rubber, styrene butadiene rubber, polybutadiene rubber, and others. The thermoplastic elastomers segment has been classified into styrene block copolymer, thermoplastic olefins, thermoplastic vulcanizates, and others.
By application, the global automotive elastomers market has been divided into tire, interior components, and exterior components. The interior components segment has been segmented into airbags, hoses & seals, breaks & suspensions, and others. The exterior components segment has been divided into front end body panel, bumper fascia, and others.
On the basis of vehicle type, the global automotive elastomers market has been segmented into passenger vehicles, light commercial vehicles (LCV), medium and heavy commercial vehicles (M/HCV), and others.
The global automotive elastomers market has been studied across five key regions, namely, North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Key Players
Some of the key players operating in the global automotive elastomers market are BASF SE (Germany), DowDuPont, Inc. (US), Exxon Mobil Corporation. (US), LG Chem (South Korea), JSR Corporation (Japan), ARLANXEO (The Netherlands), Teknor Apex (US), SABIC (Saudi Arabia), Mitsui Chemicals, Inc (Japan), Versalis S.p.A. (Italy), KURARAY CO., LTD. (Japan), PJSC “Nizhnekamskneftekhim” (Russia), Sumitomo Chemical Co., Ltd (Japan), Solvay (Belgium), and KRAIBURG TPE GmbH & Co. KG (Germany).
Geographic Analysis
The report covers a brief analysis of geographical region such as:
• North America
o US
o Canada
• Europe
o Germany
o UK
o Russia
o France
o Spain
o Italy
o Poland
o Rest of Europe
• Asia-Pacific
o China
o India
o Japan
o Rest of Asia-Pacific
• Latin America
o Brazil
o Mexico
o Argentina
o Rest of Latin America
• Middle East & Africa
o Turkey
o UAE
o Saudi Arabia
o Rest of the Middle East & Africa
Key Findings
• Global automotive elastomers market was valued at USD 33,259.7 million in 2017 and is projected to reach USD 45,618.2 million by 2023 at a CAGR of 5.41%.
• Asia-Pacific was the largest market and was valued at USD 18,327.3 million in 2017, expanding at a robust CAGR of 5.60%.
• As per the analysis, China was the leading market and was valued at USD 9,179.2 million in 2017 and is projected to grow at a remarkable CAGR of 5.78% during the forecast period.
• Based on type, the thermoset elastomers segment dominated the global automotive elastomers market with a robust CAGR of 5.32%.
• On the basis of the application, the tire segment dominated the global market in 2017, with significant market shares and grew at a moderate CAGR of 5.39%.
• By vehicle type, the passenger vehicles held the largest market share and are projected to register the highest CAGR of 5.46% during the assessment period.
• Asia-Pacific is to be the highly focused market for key industry participants over the coming years. Favorable government policies, increasing industrial investment, industrial automation, and expansion have increased the importance of automotive elastomers in this region among the industry players.
Intended Audience
• Automotive elastomers manufacturers
• Raw material suppliers
• Traders and distributors of natural rubber
• Potential investors
• Government bodies
• Research organizations
DC –Description
• lightweight automobiles
• hoses & gaskets
• natural rubber
• elastomers
• styrene butadiene rubber
• sealants
• styrene block copolymer
• thermoplastic vulcanizates

The post Global Automotive Elastomers Market Research Report – Forecast to 2023 first appeared on CRI Report.