Press release
Chlorinated Paraffins Market is Expected to Reach US$ 1.98 Bn in 2023
Transparency Market Research has released a new market report titled “Chlorinated Paraffins Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.” According to the report, the global chlorinated paraffins market was valued at US$ 1.48 Bn in 2014 and is anticipated to reach US$ 1.98 Bn in 2023, expanding at a CAGR of 3.2% between 2015 and 2023.Chlorinated paraffins are a group of synthetic chemicals that consist of different proportions of chlorine, generally ranging from 30% to 70% by weight. Chlorinated paraffins are commercially sold in various product forms based on the carbon chain lengths such as l-grade, m-grade, and h-grade. L-grade signifies short carbon chain of 10 to 13, while m-grade signifies medium carbon chain length of 14 to 17 carbons. H-grade long chain chlorinated paraffins contain carbon length of 18 and above. These product types are used in various applications such as lubricating additives, plastic additives, rubber, paints, and metalworking fluids.
Download FREE Exclusive Sample Of This Report : http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3970
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. Expansion in the lubricants market in Asia Pacific is likely to offer growth opportunities to the chlorinated paraffins market from 2015 to 2023.
In terms of volume, m-grade was the largest product segment of the global chlorinated paraffins market, accounting for more than 55% share in 2014. Low cost and broad application array of m-grade chlorinated paraffins are the key reasons for its dominance. However, h-grade of chlorinated paraffins is expected to increase its dominance over the next few years, considering the likely ban on consumption in developed regions such North America and Europe.
In terms of application, metalworking fluids was the largest segment of the global chlorinated paraffins market, accounting for over 35% share in 2014. Chlorinated paraffins are also used in metalworking applications due to their flame retardant properties. The plastic additives segment is anticipated to be the fastest-growing application segment of the chlorinated paraffins market between 2015 and 2023. Rising demand for PVC compounds in various end-user industries is estimated to propel the demand for chlorinated paraffins in the next eight years in developing regions. Modest expansion in these industries in developed regions and fast-paced growth in developing regions are projected to drive the demand for chlorinated paraffins.
The global chlorinated paraffins market is considerably fragmented. Key players in the chlorinated paraffins market include INOVYN, Ajinomoto Fine-Techno Co., Inc., Altair Chimica SpA, NCP Chlorchem, Dover Chemical Corporation, Leuna Tenside GmbH, Química del Cinca, Caffaro Industrie S.p.A., JSC Kaustik, KLJ Group, Qualice, LLC, United Group, Makwell Group, and Aditya Birla Chemicals.
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Contact
Mr. Sudip. S
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com/
Visit Blog : http://globalresearchanalysis.blogspot.in/
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 Paraffins Market is Expected to Reach US$ 1.98 Bn in 2023 here
News-ID: 347693 • Views: …
More Releases for Transparency
transparency market research
The global Custom Antibody Market market is estimated to attain a valuation of US$1 Billion by the end of 2033, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 0.085% during the forecast period, 2023 to 2033.
The key objective of the TMR report is to offer a complete assessment of the global market including major leading…
Transparency Market Research
A belt drive is a type of power transmission device which is a looped belt wound around a pair of pulley so as to transmit power between two or more rotating shafts. Compared to other power transmitting devices, belt drives are more preferred in mechanical industry due to easy installation, numerous speed ratio selections, less power loss and comparative low price. Belt drive protects the rotating machinery from overload fluctuations…
Transparency Market Research
An ultrasonic motor is an electric motor which is driven by the ultrasonic vibration of a component. The stator of the motor is supported by piezoelectric components in ultrasonic frequency range which produces different types of vibrations depending on its arrangement. In other words, ultrasonic motor is a type of electric motor that transforms ultrasonic physical vibrations to linear motion, produced by a piezo-transducer. Ultrasonic motors therefore do not use…
More transparency in Engineering IT
CPO certification helps evaluate openness of IT systems
Digitalization is making openness in the linking of IT solutions increasingly important. The Code of PLM Openness (CPO), developed by the ProSTEP iViP Association, supplies a concrete approach for achieving precisely that. Fraunhofer IAO has now developed an effective certification for companies, which helps them comply with the CPO criteria.
Industrie 4.0 requires intensified collaboration between various tools and systems. Only when…
eDataCenterAnalyzer Increases Transparency in Data Centers
30 June 2016. Walldorf, Germany. – fluid Operations™ AG (fluidOps), a leader in semantic technologies, today launched eDataCenterAnalyzer™, an app that increases transparency in data centers. With the launch of this app and new releases of its Smart Data Platform Information Workbench™ and cloud management app eCloudManager™, the company has set the cornerstone for the future development of its product portfolio.
eDataCenterAnalyzer combines the full functionality of Information Workbench with innovative…
Transparency across the entire process chain
Leitner Spedition implements best4log-x
• Austrian trucking company uses arvato Systems solution
• End-to-end process management provides higher efficiency
(arvato Systems) Gütersloh / Unterpremstätten – Since the beginning of 2015, the Austrian trucking company Leitner Spedition has been working with the best4log-x transport management system. This SAP-based solution from arvato Systems provides an integrated digital information flow and supports mid-sized companies in achieving a transparent process design. Controlling and Reporting have seen a…
