Press release
Chlorinated Paraffin Market Size, Share, Outlook and Growth Opportunities 2021-2025
The Global Chlorinated Paraffin Market Report provides a study with an in-depth overview, describing the product/industry scope and elaborates market outlook and status (2021-2030). The report is curated after in-depth research and analysis by experts. The report provides comprehensive valuable insights on the global Chlorinated Paraffin market development activities demonstrated by industry players, growth opportunities, and market sizing with analysis by key segments, leading and emerging players, and geographies.The global chlorinated paraffin market is expected to grow from $2.39 billion in 2020 to $2.50 billion in 2021 at a compound annual growth rate (CAGR) of 4.74%. The growth is mainly due to the growing demand from end-user industries. The market is expected to reach $2.81 billion in 2025 at a CAGR of 2.98%.
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Top Companies in the Global Chlorinated Paraffin Market: INOVYN; Altair Chimica; Quimica del Cinca; LEUNA-Tenside GmbH; Dover Chemical Corporation; Aditya Birla Chemicals.; Caffaro Industrie S.p.A.; Ajinomoto Fine-Techno; Makwell Group; KLJ Group; Qualice LLC; NCP Chlorchem; Caffaro Industrie; Flow Tech Group;
Industry Updates:
In October 2020, Lubrizol Corporation, a USA-based specialty chemical company that supplies technologies and produces additives, ingredients, resins, and compounds have partnered with Grasim Industries Limited from Aditya Birla Group for establishing a plant to manufacture and provide CPVC resin in India. Lubrizol will make additional investments in the future to expand its existing CPVC compound plant in Gujarat and establish a local innovation center as demand continues to grow. Grasim Industries Limited is an India-based company that involves in the production of chemicals and cement.
Market Overview:
The chlorinated paraffin market consists of sales of chlorinated paraffin by entities (organizations, sole traders, or partnerships) that manufacture chlorinated paraffin, which is straight-chain hydrocarbons that have been chlorinated. Chlorinated paraffin is manufactured by chlorinating paraffin parts obtained from petroleum distillation. These are complex mixtures of polychlorinated n-alkanes that are generally used as a plasticizer in manufacturing PVC compounds like PVC flooring cables, wires cloth coatings, and lubricants.
The main types of products for the chlorinated paraffin market are short-chain, medium-chain, and long chain. Short-chain chlorinated paraffin is a secondary plasticizer and flame retardant, medium-chain chlorinated paraffin is used in metalworking fluids as an extreme pressure additive, long-chain chlorinated paraffin is used as an alternative in leathers, paints and coatings. The chlorinated paraffin market is applied to lubricating additives, plastic additives, metalworking fluids, and flame retardants. The chlorinated paraffin end-users are paint & coatings, rubber, manufacturing, textile, and leather.
Segmentation:
Markets Covered: 1) By Product: Short Chain; Medium Chain; Long Chain
2) By End User: Paint & Coatings; Rubber; Manufacturing; Textile; Leather
3) By Application: Lubricating Additives; Plastic Additives; Metal Working Fluids; Flame Retardants
Regional Analysis:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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- To understand the most affecting driving and restraining forces in the market and its impact in the global market.
- Learn about the market strategies that are being adopted by leading respective organizations.
- To understand the future outlook and prospects for the Chlorinated Paraffin market.
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