As per the MRFR analysis, the global market for hydrocarbon solvents is projected to reach USD 6,181.2 million by 2023 and is anticipated to grow at a healthy CAGR of 2.85% during the review period.
Regional Analysis
The global hydrocarbon solvents market has been analyzed across five key regions, including North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The Asia-Pacific market accounted for the largest value and volume market share which was valued at USD 2,305.6 million in 2017. It is also expected to grow at the highest CAGR of 3.20% in the coming years owing to low environmental regulations, rising application industry, and increasing consumer spending in construction. China held the largest market share of 54.1% in 2017 and is expected to grow at a high CAGR of 3.40% due to the growing construction activities, increasing demand from paints and coating industry, and rising per capita disposable income. The European market was the second-largest with a significant market share of 22.8% in 2017, owing to the surging demand for the product in pharmaceuticals, adhesives, rubber, and polymer manufacturing. Germany dominated the regional market and is expected to reach USD 453.1 million by the end of 2023 owing to the rising consumption of hydrocarbon solvents in paints and coating industry. The North American market held a significant market share and is expected to reach USD 1,671 million by 2023 during the forecast period owing to growing demand for the product in cleaning garments, leathers among others. The US was the largest market in 2017 due to the growing demand for aromatic solvents in paints for the automotive industry. The Latin American market held a substantial market share and is expected to grow at a moderate CAGR of 2.37% in the coming years. Brazil held the largest market share in the region owing to the rising demand for the product in printing inks and pharmaceutical applications. The Middle East & Africa held a small market share and is projected to grow at a steady CAGR of 2.05% in the following years. Turkey dominated the market due to easy availability of raw materials and growing demand for the product in the paints and coating industry.
Segmentation
The global hydrocarbon solvents market has been segmented on the basis of type, application, and region.
Based on type, the global hydrocarbon solvents market has been bifurcated into aliphatic and aromatic.
By application, the global hydrocarbon solvents market has been categorized into paints & coatings, cleaning & degreasing, printing inks, rubbers & polymers, adhesives, aerosols, agriculture chemicals, pharmaceuticals, and others.
The global hydrocarbon solvents market has been analyzed 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 hydrocarbon solvents market are Total S.A (France), ExxonMobil Corporation (US), Royal Dutch Shell (The Netherlands), DowDuPont, Inc (US), Sinopec (China), Ashland Inc. (US), BP Plc (UK), Reliance Industries Limited (India), Sasol Solvents (South Africa), Engen Petroleum Ltd (South Africa), LyondellBasell Industries Holdings B.V. (The Netherlands), Formosa Petrochemical Corporation (Taiwan), Honeywell International Inc (US), Chevron Phillips Chemical (US), Celanese Corp. (US), SK global chemical Co., Ltd. (Korea), and China National Petroleum Corporation (China).
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 Rest of Europe
? Asia-Pacific
o China
o India
o Japan
o South East Asia
o Australia & New Zealand
o Rest of Asia-Pacific
? Latin America
o Brazil
o Mexico
o Argentina
o Rest of Latin America
? Middle East & Africa
o Turkey
o GCC
o North Africa
o Israel
o Rest of the Middle East & Africa
Key Findings
? Global hydrocarbon solvents market is projected to reach USD 6,181.2 million by 2023 at a CAGR of 2.85%.
? Asia-Pacific was the largest market and was valued at USD 2,305.6 million in 2017, expanding at the highest CAGR of 3.20%.
? As per the analysis, China was the leading market and was valued at USD 1,247.5 million in 2017 and is projected to grow at a robust CAGR of 3.40% during the assessment period.
? Based on type, the aliphatic segment dominated the global hydrocarbon solvents market with a robust CAGR of 3.02%
? By application, the paints & coatings segment dominated the global market in 2017, with significant market share and grew at a healthy CAGR of 3.05%.
? Asia-Pacific is to be the highly focused market for key industry participants over the coming years. Favorable government policies, technological advancements, and increasing industrial investment have increased the importance of hydrocarbon solvents in this region among the industry players.

Intended Audience
? Hydrocarbon solvents manufacturers
? Raw material suppliers
? Traders and distributors of hydrocarbon solvents
? Potential investors
? Government bodies
? End-use industries
? Research organizations
DC ?CDescription
? naphtha
? industrial solvent
? aromatic solvent
? thinners in paints and coating
? solvent in rubber manufacturing
? cleaning agent
? adhesives and aerosols

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Market Scenario
The Fluoropolymer is a kind of chemical compound which is made of the carbon fluoride bonds. It provides one with different properties including stress cracking, mechanical and electrical insulation properties, chemical resistance, thermal resistance, and others. Because of these properties, the fluoropolymers are highly used in various applications, right from coatings to the industrial films. Furthermore, it is also utilized in various household applications, electrical & electronics, construction sectors, and others. The Global Fluoropolymer market is anticipated to reach the value of USD 9,912.5 million by the year 2023. The global market is growing rapidly at a CAGR 6.45% during the valuation period (2017-2023).
There is an increasing demand for the high-quality performance material in the constructional and architectural coatings which is contributing to the growth of the global Fluoropolymer market. Also, there is a growing requirement for the best quality lightweight materials; especially in the automobile industry which is positively adding to the global fluoropolymers market and its growth. Due to its heat resistance properties, the fluoropolymers are found to be suitable for the utilization in the aerospace and semiconductor industry. Furthermore, the increasing consciousness regarding the environmental impacts has made the consumers shift their preference towards the usage of green fluoropolymers, which is projected to boost the market growth. Thus, the growing applications of the fluoropolymers in the different industries are driving the growth of the market during the forecast period.

Market Segmentation
The global fluoropolymers market is bifurcated on the basis of type, end use, application, and geography. Based on its type, the market is divided into polyvinylidene fluoride (PVDF), polytetrafluoroethylene (PTFE), fluoroelastomers (FKM), ethylene tetrafluoroethylene (ETFE), fluorinated ethylene-propylene (FEP), polychlorotrifluoroethylene (PCTFE), and others. On the basis of its application, the market has been segmented into films, paints & coatings, additives, tubing, and others. The market’s end-user industries include chemical processing, electrical & electronics, automotive & transportation, construction, medical, industrial equipment, household, and others. Lastly, based on its geographical demand, the global market has been covered across regions like North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa.

Key Players
The list of major industry players in the global fluoropolymers market are Solvay SA(Belgium), DowDupont, Inc (U.S.), Asahi Glass Co, Ltd (Japan), Zeus Industrial Products, Inc. (the U.S), Daikin Industries, Ltd (Japan), 3M (U.S.), Honeywell International Inc. (U.S.), Saint-Gobain S.A. (France), and Gujarat Fluorochemicals Ltd (India) among others.

The post Global Fluoropolymers Market – Forecast Till 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.