Press release
Chlorinated Paraffin Market size will be driven by expansion of manufacturing sector in APAC region
Moreover, growing usage of plastic, and strengthening of aerospace and automotive sectors will further bolster demand for chlorinated paraffin. The product is extensively used as an additive in PVC in order to manufacture cables, films, pipes, wires, and other related products. Growing demand for the PVC products in insulation, transmission, construction and other industries may complement business growth in the coming years.
Global chlorinated paraffin market size is forecast to cross the USD 2 billion mark by 2024. Availability of substitute product in the market and fluctuating raw material costs may hinder chlorinated paraffin product proliferation. As the product is obtained from the distillation of petrol and variation in the oil prices results in raw material cost fluctuation, there can be negative impact on the overall industry growth.
Request For Sample:
https://www.gminsights.com/request-sample/detail/2216
Increasing preference for bio-based products in Europe and North America may hamper product adoption as well. However, medium and long-chain chlorinated paraffin grades will together account for a revenue of more than USD 1.5 billion in 2024 due to their excellent mechanical and physical properties such as low volatility, good stability, flame resistance, and others, which makes them ideal for a myriad of end-user domains.
From metal working fluids application, chlorinated paraffin market share will garner over USD 650 million in value by 2024. Escalating product demand along with immense application scope in aerospace, automotive, other manufacturing sectors may supplement segmental growth. The product works as a coolant, good flame retardant, and offers various other advantageous features. Chlorinated paraffin is primarily used as a key ingredient in the working of metal cutting fluids and is subsequently experiencing large scale adoption.
Request For overview:
https://www.gminsights.com/industry-analysis/chlorinated-paraffin-market
Based on end-user, rubber and manufacturing industries will hold a 50% combined share in the chlorinated paraffin market by the end of 2024. Such high growth is attributable to wide acceptance of the product as a lubricative additive, softening agent, water repellant fabric treatment agent and in fire retardants.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
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.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Chlorinated Paraffin Market size will be driven by expansion of manufacturing sector in APAC region here
News-ID: 2135303 • Views: …
More Releases from Global Market Insights Inc.
Latest Research Report On Agricultural Adjuvants Market 2021. Major Players Incl …
The agricultural adjuvants market is expected to observe noteworthy growth on account of increasing demand for high-quality crops. Adjuvants commonly act as an additive in pesticides that increase its effectiveness and smoothen its mixing application.
The demand for plant protection products in countries like Bangladesh, India, and Vietnam has surged considerably in recent years. Ever-increasing population across developing economies has forced farmers to produce large quantities of high-quality yields. Citing…
U.S. Minoxidil Market 2021 Growth Opportunities and Competitive Landscape 2027 - …
The U.S. minoxidil industry has been impacted by the COVID-19 pandemic in the form of increased stress amid job losses and health issues, creating rising incidences of hair fall and associated problems. The industry is expected to gain commendable proceeds on account of an upsurge in research studies concerned with the effectiveness of minoxidil.
Citing one such instance, in January 2021, a study published in the Dermatologic Therapy supported the efficacy…
Global Sulfosuccinate Market 2021 Future Growth With Technology and Current Tren …
Owing to these factors, estimates have revealed that the global sulfosuccinate market size will exceed USD 475.7 million in annual estimation by 2024.
Increasing adoption of high-performance materials that meet application-specific requirements across various industries, including pharmaceuticals will stimulate the need for sulfosuccinate compounds. The surging disposable incomes of consumers mainly across the developing nations have also fueled their spending capacities on household and personal care.
Sulfosuccinates are mainly a mild type…
By 2026, Graphene Market will register over 35% CAGR | Applied Nanotech, Inc, an …
The global Graphene Market is slated to gain significant momentum over the forthcoming years, as a result of the growing product consumption in the electronics sector, particularly in developing countries. This high consumption can be attributed to its superior qualities such as high electrical conductivity, durability, and toughness.
Request a sample of this research report @
https://www.gminsights.com/request-sample/detail/233
Top Key Players in The Market are:
Graphenea S.A., Applied Graphene Materials plc, ACS…
More Releases for Chlorinated
Chlorinated Polyvinyl Chloride (CPVC) Market Outlook 2024
"The Business Research Company recently released a comprehensive report on the Global Chlorinated Polyvinyl Chloride (CPVC) Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
According to The Business Research Company's, The chlorinated polyvinyl…
New Research Shows Potential of Chlorinated Polyethylene
Shandong HTX New Material Co., Ltd. is a newly established company that has made significant strides in the production of Chlorinated Polyethylene [https://www.htxchem.com/chlorinated-polyethylene-factory-supplier-product/] and other related products. Founded in March 2021, the company has quickly positioned itself as a comprehensive enterprise that specializes in the research and development, production, and sales of various materials, One of the main focuses of Shandong HTX New Material Co., Ltd. is the production of…
At 5.4% CAGR, Chlorinated Paraffin Market will cross $2.7 Billion by 2031, Risin …
According to the report, global chlorinated paraffin market size was $1.6 billion in 2021, and is anticipated to reach $2.7 billion by 2031, witnessing a CAGR of 5.4% from 2022 to 2031. The report offers a comprehensive study of dynamic market trends, key investment pockets, top segments, regional landscape, value chain, and competitive scenario. The report is a helpful source of information for leading market players, new entrants, investors, and…
Chlorinated Paraffins Market | Global Industry Report, 2027
Global Chlorinated Paraffins Market: Highlights
The global chlorinated paraffins market is projected to grow at a CAGR of nearly 3.5% between 2019 and 2027. Growth in plastic and metalworking industries is primarily estimated to augment the global chlorinated paraffins market in the next few years. However, availability of application-specific substitutes and potential prohibition on the production and consumption in developed regions are projected to hamper market growth during the forecast period.
Read…
Chlorinated Polyolefin Market Entry Strategies, Countermeasures, Economic Impact …
Market Expertz has published a report on the “Chlorinated Polyolefin Market” with a comprehensive investigation of the industry, giving an extensive market outlook and forecast to the year 2026. According to the market study, the Chlorinated Polyolefin industry has undergone rapid growth in the past few years and promises to continue on the same trajectory. The increasing technological development will also propel the market forward during the forecast years. The…
Chlorinated Polyvinyl Chloride Market - Revolutionary Trends 2028
Global Chlorinated Polyvinyl Chloride Market: Overview
The demand within the global chlorinated polyvinyl chloride market has been rising on account of the commendable applications of PVC. Chlorinated polyvinyl chloride is believed to be an improved version of polyvinyl chloride as the former can withstand greater pressures and temperature. Polyvinyl chloride (PVC) resins are chlorinated to get chlorinated polyvinyl chloride, and the latter is much more flexible than normal PVC. The aforementioned…
