Press release
Global Chlorinated Paraffins Market 2018 Top Players: Dover Chemical, JSC Kaustik ,Caffaro, Industrie , INOVYN and INEOS Chlor
Chlorinated paraffins are used as secondary plasticizers in conjugation with primary plasticizers including DOP, DINP, etc., especially in PVC.
The product adds unique characteristics to PVC such as flame & moisture resistance, good stability, etc. PVC is the third most produced plastic around the world owing to its wide usage in end-user industries including automobile, electrical & electronics, building & construction, and others. This will surge the growth of chlorinated paraffins market in six to seven years down the line.
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Due to the implementation of certain rules and regulations regarding fire & safety, such as NFPA 703, NFPA 255, CFPA, NFPA 220, in countries including Germany, Japan, Australia, and the U.S., there will surge be a surge in demand for fire-resistant materials. This will boost the use of chlorinated paraffins in paints & coatings, sealant, caulk, adhesives, rubber, fabrics, and others to provide flame-retardant properties to the material. The tendency to suppress the rate of combustion will depend on the chlorine content and the product is generally preferred over phosphate and bromine additives, which will provide a lucrative growth to the market.
The manufacturing industry is deemed to be a profitable quotient to the chlorinated paraffin market due to the use of the product as an extreme pressure additive in metalworking fluids and in lubricants to provide chemical and water resistance. Chlorinated paraffin releases hydrochloric acid when reacting with the metal surface to form a strong thin layer of metal chloride, acting as a lubricant to the metal surface. The use of the product in these applications will propel the upward trend in chlorinated paraffin market growth by the end of 2024. The product’s toxicity will cause adverse side effects on the environment and the biotic life may hamper the chlorinated paraffin market growth as end-users will try to substitute it with other similar products.
The product market is segmented on the basis of grade as short-, long-, and medium-chain chlorinated paraffins. Among all, medium chain & long chain together will have a market of approximately USD 1.4 billion during the forecast period. This is due to the extensive use of the product as a plasticizer in rubber manufacturing and other industries coupled with the termination of the use of short chain grades in various countries.
Based on application, the chlorinated paraffin market is diversified as metalworking fluids, plastic additives, flame retardants, lubricating additives, and others. Metalworking fluids will have a market of over USD 600 million in the coming years. Increasing use of metalworking fluids in automobile, aerospace, manufacturing, and other industries will augment the market in the upcoming years.
On the basis of end-user, the industry is fragmented as manufacturing, textile, rubber, leather, paints & coatings, and others including plastics, adhesives, and sealants. Manufacturing and rubber are the significant end-user segments of this industry and both these segments will register a CAGR of approximately 3% during the study period.
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The Asia Pacific region will grow at a significant rate and will have CAGR of over 3% by the end of the forecast period. Countries including India and China will increase the production of chlorinated paraffins owing to the myriad end-use applications, which require flame-retardant properties and thermal stability materials.
The major participants in chlorinated paraffin market include Altair Chimica, Ajinomoto Fine-Techno, INEOS Chlor, Aditya Birla Chemicals Company, Handy Chemical Corporation Ltd., JSC Kaustik, NCP Chlorchem, and Caffaro Industrie.
Chapter 5. Chlorinated Paraffin Market, By Application
5.1. Global Chlorinated paraffin market share by application, 2016 & 2024
5.2. Lubricating additive
5.2.1. Market estimates and forecasts, 2013 - 2024
5.2.2. Market estimates and forecasts by region, 2013 – 2024
5.3. Plastics additive
5.3.1. Market estimates and forecasts, 2013 - 2024
5.3.2. Market estimates and forecasts by region, 2013 – 2024
5.4. Metal working fluids
5.4.1. Market estimates and forecasts, 2013 - 2024
5.4.2. Market estimates and forecasts by region, 2013 – 2024
5.5. Flame retardants
5.5.1. Market estimates and forecasts, 2013 - 2024
5.5.2. Market estimates and forecasts by region, 2013 – 2024
5.6. Others
5.6.1. Market estimates and forecasts, 2013 - 2024
5.6.2. Market estimates and forecasts by region, 2013 – 2024
About Global Market Insights
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Global Market Insights, Inc.
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