Chemicals

Global Chlorinated Paraffin Market Size, Forecasts, And Opportunities

November 16, 2021 by The Business Research Company

Learn about the global chlorinated paraffin market through The Business Research Company, which provides information on chlorinated paraffin market size, chlorinated paraffin market drivers and restraints, chlorinated paraffin market players, the COVID-19 impact on the chlorinated paraffin market, and more.

The global chlorinated paraffin market is expected to grow from $2.39 billion in 2020 to $2.50 billion in 2021 at a compound annual growth rate (CAGR) of 4.74%. The growth in the chlorinated paraffin market is mainly due to the growing demand from end-user industries. The market is expected to reach $2.81 billion in 2025 at a CAGR of 2.98%.

The increasing demand for the usage of PVC pipes and flooring is expected to drive innovation in chlorinated paraffin manufacturing, thus driving the market during the forecast period.

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The chlorinated paraffin market consists of sales of chlorinated paraffin by entities (organizations, sole traders, or partnerships) that manufacture chlorinated paraffin, which is straight-chain hydrocarbons that have been chlorinated. Chlorinated paraffin is manufactured by chlorinating paraffin parts obtained from petroleum distillation. These are complex mixtures of polychlorinated n-alkanes that are generally used as a plasticizer in manufacturing PVC compounds like PVC flooring cables, wires cloth coatings, and lubricants.

Global chlorinated paraffin market segments include:

By Product: Short Chain, Medium Chain, Long Chain

By End User: Paint & Coatings, Rubber, Manufacturing, Textile, Leather

By Application: Lubricating Additives, Plastic Additives, Metal Working Fluids, Flame Retardants

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific is the largest region in the chlorinated paraffin market in 2020.

The launch of post-consumer recycled (PCR) plastics is one of the key trends in the chlorinated paraffin market. PCR plastic is recycled from the plastics and then sterilized and (PP) polypropylene that is made from the polymerization of propene monomer packages. Major companies are focusing on sustainable packaging to attract more consumers and survive in the competitive business environment.

TBRC’s chlorinated paraffin market report covers:

Major Market Players: INOVYN, Altair Chimica, Quimica del Cinca, LEUNA-Tenside GmbH, Dover Chemical Corporation, Aditya Birla Chemicals., Caffaro Industrie S.p.A., Ajinomoto Fine-Techno, Makwell Group, KLJ Group, Qualice LLC, NCP Chlorchem, Caffaro Industrie, Flow Tech Group, Golden Dyechem, KH Chemicals, and INEOS Chlor.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Chlorinated Paraffin Global Market Report 2021: COVID-19 Growth And Change is one of a series of new reports from The Business Research Company that provides chlorinated paraffin market overviews, analyzes and forecasts market size, share, chlorinated paraffin market players, chlorinated paraffin market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s chlorinated paraffin market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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