Press release
By 2024, Chlorinated Paraffin Market will grow by a CAGR more than 3% | | Ajinomoto Fine-Techno, JSC Kaustik, Dover Chemical, INOVYN, INEOS Chlor, United Group, Aditya Birla Chemicals
Request a sample of this research report @
https://www.gminsights.com/request-sample/detail/2216
Competitive Market Share
Dover Chemical, INOVYN, INEOS Chlor, United Group, Aditya Birla Chemicals, Ajinomoto Fine-Techno, JSC Kaustik, LEUNA-Tenside GmbH, Altair Chimica SpA, Caffaro Industrie, Handy Chemical Corporation Ltd, Quimica del Cinca, S.A., and Makwell Group
Chlorinated paraffin holds potential compatibility with different kinds of oils and is considered to be viscous in nature, which makes the product highly suitable for use as a coolant and lubricant in metal cutting and forming. This apart, chlorinated paraffin is also being used in water resistant materials and chemicals, acting as a flame retardant and compound for enhancing the flexibility of materials. One of the key application areas of flame retardants is the electronics and electrical components.
Although the precise figures are unknown, it has been estimated that fires claim up to 1 lakh lives almost every year worldwide, of which about 10% are ascribed to be caused by electrical faults, and account for 19% of injuries. Flame retardants come in handy in this situation as they are used to prevent the onset of fires and reducing their seriousness. Flame retardants are a must-use product for all equipment manufacturing companies and industries.
Such demand has led the companies operating in global chlorinated paraffin market to move in the direction of developing products that cater to the mounting consumer demands while also being competitive in the business space. In one such instance, Univar Solutions- a global leader in chemical and ingredients distribution and provider of value-added services, announced being appointed as a distributing partner for supply of INOVYN’s complete line of CERECLOR in the United States in 2019. For the records, CERECLOR enjoys the popularity of being a leading brand for chlorinated paraffin.
Elaborating further, use of chlorinated paraffin in production of metal work lubricants has now considerably propelled the overall industry dynamics. The product is considered to be optimally effective as an extreme pressure additive and is hence massively used for lubricants in the aerospace and automotive sectors. Moreover, it also finds immense usage in the paints industry for producing water-resistant and fireproof paint. Furthermore, the use of chlorinated paraffin in various coatings, adhesives, sealants, and caulks as well as in impregnation fabrics and textile of all kinds is also supporting the growth map of chlorinated paraffin market.
When speaking of the thriving textile and manufacturing sectors, it would be essential to note that Asia Pacific chlorinated paraffin market has been forecasted to register substantial gains over the forthcoming years. Two prominent economies, India and China apparently, have been touted to chiefly propel the APAC industry, given that both these countries are largely involved in the continuous production of all grades of chlorinated paraffin including short-chain, long-chain, and medium chain grades, pertaining to the surging product demand from the manufacturing sector.
Request for an in-depth table of contents for this report @
https://www.gminsights.com/toc/detail/chlorinated-paraffin-market
One of the fundamental reasons for the ostensible growth of this chlorinated paraffin market across the economies in the region is the absence of strict regulations in APAC, which allows chlorinated paraffin industry to enjoy quite a robust hold in the continent. The cost-effective labor resource and stringent norms in the developed nations have encouraged foreign investors to undertake investments in the regional market. In fact, estimates claim that foreign direct investments (FDI) in India rose by 81% in November 2020 even amidst the ongoing COVID-19 scare.
All in all, fueled by the globally imposed laws to use flame retardants in electrical devices, paints and coatings, and buildings, aligned with a fabulous upsurge of end-use domains such as the rubber, leather, and manufacturing sectors in countries like the United States, Australia, Singapore, Japan, and Germany, chlorinated paraffin market is set to carve out a lucrative growth trajectory over 2017-2024.
Browse More News:
https://www.globenewswire.com/news-release/2017/10/30/1159838/0/en/Biocides-Market-to-exceed-13-bn-by-2024-Global-Market-Insights-Inc.html
https://www.globenewswire.com/news-release/2018/10/31/1639860/0/en/Rubber-Processing-Chemicals-Market-to-exceed-5-3bn-by-2025-Global-Market-Insights-Inc.html
https://www.prnewswire.com/news-releases/fragrance-ingredients-market-to-exceed-18-billion-by-2024-global-market-insights-inc--887694796.html
https://www.openpr.com/news/2054406/why-the-isobornyl-acrylate-market-is-set-to-explode-by-key
https://www.globenewswire.com/news-release/2018/06/04/1515981/0/en/Body-Worn-Insect-Repellent-Market-worth-1bn-by-2024-Global-Market-Insights-Inc.html
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.
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
Web: https://www.gminsights.com
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 By 2024, Chlorinated Paraffin Market will grow by a CAGR more than 3% | | Ajinomoto Fine-Techno, JSC Kaustik, Dover Chemical, INOVYN, INEOS Chlor, United Group, Aditya Birla Chemicals here
News-ID: 2290126 • 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 Chlor
Chlor-Alkali Market: A Comprehensive Overview
The Chlor-Alkali Market was valued at approximately USD 60 billion in 2023 and is anticipated to reach around USD 95 billion by 2033, growing at a compound annual growth rate (CAGR) of about 4.5% from 2024 to 2033.
Chlor-Alkali Market Overview
The Chlor-Alkali Market is steadily growing due to its essential role in producing chemicals like chlorine, caustic soda, and hydrogen, which are widely used in industries such as paper, textiles, water…
How to Setup a Chlor-Alkali Manufacturing Plant
Setting up a chlor-alkali manufacturing facility necessitates a detailed market analysis alongside granular insights into various operational aspects, including unit processes, raw material procurement, utility provisions, infrastructure setup, machinery and technology specifications, workforce planning, logistics, and financial considerations.
IMARC Group's report titled "Chlor-Alkali Manufacturing Plant Project Report 2025: Industry Trends, Plant Setup, Machinery, Raw Materials, Investment Opportunities, Cost and Revenue" offers a comprehensive guide for establishing a chlor-alkali manufacturing plant, covering…
Chlor-alkali Equipment Market Size 2024 to 2031.
Market Overview and Report Coverage
The Chlor-alkali Equipment Market refers to the market for equipment used in the chlor-alkali industry, which is responsible for producing chlorine and caustic soda using an electrolytic process. The market includes equipment such as electrolyzers, membranes, pumps, valves, and other components essential for the production of chlor-alkali products.
The future outlook for the Chlor-alkali Equipment Market is positive, with a projected growth rate of 2.40%…
Chlor-Alkali Market: Chemical Dynamics and Commercial Insights
The Worldwide "Chlor-Alkali Market" 2023 Research Report presents a professional and complete analysis of the Global Chlor-Alkali Market in the current situation. This report includes development plans and policies along with Chlor-Alkali manufacturing processes and price structures. the reports 2023 research report offers an analytical view of the industry by studying different factors like Chlor-Alkali Market growth, consumption volume, Size, revenue, share, trends, and Chlor-Alkali industry cost structures during the…
Chlor-alkali Market Analysis, Research Study 2030 | Dow, Solvay
The global Chlor-alkali market is estimated to attain a valuation of US$ 100 Billion by the end of 2030, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 4% during the forecast period, 2020 - 2030.
The key objective of the TMR report is to offer a complete assessment of the global market including major leading stakeholders…
Chlor-Alkali Equipment Market are Showing Strong Growth Dynamics
The Latest published a market study on Worldwide Chlor-Alkali Equipment Market provides an overview of the current market dynamics in the Chlor-Alkali Equipment space, as well as what our survey respondents all outsourcing decision-makers predict the market will look like in 2029. The study breaks the market by revenue and volume (wherever applicable) and price history to estimate the size and trend analysis and identify gaps and opportunities. Some of…
