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Chlorinated Paraffins (CPs) Market Top Key Industry Players: Ajinomoto Fine-Techno, Dover Chemical, JSC Kaustik, Caffaro Industrie, INOVYN, Flow Tech Group of Industries, Aditya Birla Chemicals, Handy Chemical , Altair Chimica, Quimica del Cinca, INEOS Ch

Chlorinated Paraffin Market

Chlorinated Paraffin Market

Based on application, the chlorinated paraffins (CPs) 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.

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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.

The chlorinated paraffins (CPs) market has been classified on the basis of grades, application, end-user and regions. The different grades include short-chain, medium-chain and long-chain grade chlorinated paraffin. Among these, medium- and long-chain grades, collectively will cross USD 1.5 billion in 2024 owing to their excellent mechanical and technical features such as good stability, low volatility, compatibility, flame resistance, etc. which benefit myriad end-user domains.

In terms of revenue, metal working fluids application segment will cross USD 650 million by the end of the forecast span. Increasing demand coupled with wide product acceptance in automotive, aerospace and other manufacturing sectors will boost the segment growth as it works as a good flame retardant, coolant and other technical features. Chlorinated paraffin is primarily used as a key ingredient in the formulation of working or metal cutting fluids, enhancing the product penetration over the forecast period.

The manufacturing industry is deemed to be a profitable quotient to the chlorinated paraffins (CPs) 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.

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Chlorinated paraffin market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2013 to 2024, for the following segments:

Chlorinated Paraffin Market, By Grade

• Short-chain grade
o Lubricating additives
o Plastics additives
o Flame retardants
o Metal Working Fluids
o Others

• Medium-chain grade
o Lubricating additives
o Plastics additives
o Flame retardants
o Metal Working Fluids
o Others

• Long-chain grade
o Lubricating additives
o Plastics additives
o Flame retardants
o Metal Working Fluids
o Others

Chlorinated Paraffin Market, By Application
• Lubricating additive
• Plastics additive
• Metal working fluids
• Flame retardants
• Others

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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 key manufacturers in the chlorinated paraffin market which include Ajinomoto Fine-Techno, Dover Chemical, JSC Kaustik, Caffaro Industrie, INOVYN, Flow Tech Group of Industries, Aditya Birla Chemicals, Handy Chemical , Altair Chimica, Quimica del Cinca, INEOS Chlor, Makwell Group, LEUNA-Tenside, United Group, and NCP Chlorchem.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Corporate Sales, USA
Global Market Insights, Inc.
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