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Chlorinated Paraffin Market Top Key Players Are Dover Chemical Corp, INOVYN, Aditya Birla Chemicals, INEOS, United Group, NCP Chlorchem

Chlorinated Paraffin Market

Chlorinated Paraffin Market

Chlorinated Paraffin Market to surpass USD 2 billion by 2024; according to a new research report. 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 chlorinated paraffin 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.

Based on end-user, the market is fragmented into paints & coatings, rubber, manufacturing, textile, leather and other industries. Among these, rubber and manufacturing industries will register a combined share of over 50% in chlorinated paraffin market in 2024. This is attributed due to the wide acceptance of the product as a softening agent, lubricative additive, fire retardants and water repellant fabric treatment agent.

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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

Chlorinated Paraffin Market, By End-user
• Paints & coatings
• Rubber industry
• Manufacturing
• Textile
• Leather industry
• Others

Browse Full Report @ https://www.gminsights.com/industry-analysis/chlorinated-paraffin-market

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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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
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Email: sales@gminsights.com
Web: https://www.gminsights.com

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