Press release
Chlorinated Paraffin Market Research And Strategies For Expansion 2024-2033
Chlorinated Paraffin Market
The Business Research Company offers in-depth market insights through Chlorinated Paraffin Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The chlorinated paraffin market size has grown strongly in recent years. It will grow from $2.12 billion in 2023 to $2.23 billion in 2024 at a compound annual growth rate (CAGR) of 5.2%. The growth in the historic period can be attributed to increased demand for pvc, increased partnerships and collaborations, supportive government initiatives and easy availability of raw materials.
The chlorinated paraffin market size is expected to see strong growth in the next few years. It will grow to $2.74 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to growth in manufacturing sector, increasing demand for automobiles, an increase in investments and increasing demand from construction sector. Major trends in the forecast period include focus on collaborating with other companies for their market growth and product expansion, focus on mergers and acquisitions to acquire more production capabilities and focus on increasing investments and expanding product portfolios.
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Market Segmentation:
The chlorinated paraffin market covered in this report is segmented -
1) By Product: Short Chain, Medium Chain, Long Chain
2) By Application: Lubricating Additives, Plastic Additives, Flame Retardants, Metal Working Fluids, Other Applications
3) By End-User: Paint And Coatings, Manufacturing, Plastics, Rubber, Other End-Users
Major Driver - Increased Demand For Pvc Pipes And Flooring Boosts Chlorinated Paraffin Market Growth
The increasing demand for the usage of PVC pipes and flooring is expected to drive the growth of the chlorinated paraffin market. Chlorinated paraffin is used as a secondary plasticizer for polyvinyl chloride (PVC) pipes, cables, paints, flexible CPVC pipes, and flooring, which are used in the construction industry. According to Invest India, National Investment Promotion and Facilitation Agency in India, the demand for PVC is growing in residential construction as the construction industry is expected to reach $738.5 billion by 2022. Thus, the growth of the construction industry is likely to generate higher revenues for the chlorinated paraffin market.
Competitive Landscape:
Major companies operating in the chlorinated paraffin market report are INOVYN, Grasim Industries Limited, Ajinomoto Co. Inc., JSC Kaustik, Dover Chemical Corporation, LEUNA-Tenside GmbH, Altair Chimica SpA, NCP Chlorchem, Guangzhou Jiangyan Chemical Co Ltd, KLJ Group, Flow Tech Group of Industries, Handy Chemical Corporation Ltd, Huaxia Chemical Factory, East Huge Dragon Chemical, Fuyang Jingcheng Chemical, Wenxian Sanxing Chemical, Jiaozuo Houji Chemical, Lvbang Fine Chemical, Caffaro Industrie S.p.A, Quimica Del Cinca S.A, BOSTIK SA Colombes, LVMH Fragrance Brands Levallois-Perret, Elkem Silicones France SAS Lyon, H&R Group - Hansen und Rosenthal, Akzo Nobel Group, Beckers Group, Sovcomflot, Kazanorgsintez PJSC, Flügger Sp. z o.o, Placoma Sp. z o.o. Sp.k, Chimcomplex SA Borzesti, Qualice LLC, Vantage Specialty Chemicals, Nova Chemicals, Ritrama Chile, Industrias Ceresita SA, Sherwin Williams Chile SA, S.C. Johnson & Son Chilena Ltda, ALDREES Petroleum and Transport Services Company, Arabian Petroleum Supply Co, Petro Rabigh, ICL Group Ltd, Du Pont Africa, Bayer Africa, Shell Africa.
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Top Trend - Chlorinated Paraffin Market Embraces Sustainability With The Introduction Of Post-Consumer Recycled (PCR) Plastics
The launch of post-consumer recycled (PCR) plastics is one of the key trends in the chlorinated paraffin market. PCR plastic is recycled from the plastics and then sterilized and (PP) polypropylene is made from the polymerization of propene monomer packages. Major companies are focusing on sustainable packaging to attract more consumers and survive in the competitive business environment. For instance, in October 2022, NOVA Chemicals Corporation, a Canada-based petrochemical company launched EX-PCR-NC4 a new mechanically recycled polyethylene resin. By utilizing this product, converters and brand owners can achieve their sustainability objectives without sacrificing the performance of the packages in applications like shrink, e-commerce, heavy-duty sacks, and protective packaging. To reduce packaging's carbon footprint and combat climate change, EX-PCR-NC4 contains 100% post-consumer recycled polyethylene (rPE) and offers extremely flexible design options.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Chlorinated Paraffin Market Characteristics
3. Chlorinated Paraffin Market Trends And Strategies
4. Chlorinated Paraffin Market - Macro Economic Scenario
5. Chlorinated Paraffin Market Size And Growth
…..
27. Chlorinated Paraffin Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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