Chlorinated Paraffin Market: Key Drivers, Trends, Growth Analysis, and Report Up to 2033

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Chlorinated Paraffin Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $2.74 billion In 2028 At A CAGR Of 5.3% :

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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Chlorinated Paraffin Market Major Segments
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

Key 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.

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Prominent 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.

Chlorinated Paraffin Market Players
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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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the chlorinated paraffin market in 2023. Asia-Pacific is expected to grow faster in the forecast period. The regions covered in the chlorinated paraffin market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Chlorinated Paraffin Market Report Structure
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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