Global Chlorinated Paraffin Market was valued at USD 2.02 Billion in 2023, and is expected to reach USD 2.93 Billion by 2030, exhibiting a CAGR of 5.45% during the forecast period (2024-2030)
Chlorinated Paraffin Market Overview:
The purpose of this study is to provide an in-depth analysis of the Chlorinated Paraffin Market by component, application, industry, and geography. The study provides detailed information on the major factors influencing the growth of the Chlorinated Paraffin industry. The study also provides a thorough examination of the market’s value chain.
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Chlorinated Paraffin Market Scope:
The research method used to assess and forecast the Chlorinated Paraffin market begins with gathering revenue data from key suppliers using secondary research sources. When defining market segmentation, vendor offerings are also considered. Using the bottom-up method, the income of major corporations was utilized to assess the total size of the Chlorinated Paraffin market.
Chlorinated Paraffin Market Drivers:
Chlorinated paraffins are used as fire retardants and secondary plasticizers, which are used as an alternative to primary plasticizers (phthalates). Chlorinated paraffin is added to PVC to improve its flame retardancy while maintaining low-temperature properties such as the strength of plastic. Growth in the global PVC industry is expected to boost the demand for chlorinated paraffin during the forecast period. Moreover, technological advances coupled with escalating demand for products with PVC content, such as sheets, tubes, pipes, wires, and cables globally, are expected to drive the growth of the chlorinated paraffin market over the forecast period.
With the rapid development in the plastic sector in Asia-Pacific, especially in China, the demand for flame retarding agents and plasticizers has increased notably. Major plasticizers such as dibutyl phthalate (DBP) and dioctyl phthalate (DOP) have high prices due to an unstable supply of raw materials and hence do not meet the requirements in the plastic sector. Thus, the demand for low-priced chlorinated paraffin is expected to increase, further driving the chlorinated paraffin industry during the forecast period. One significant growth driver of the chlorinated paraffin wax market is the expanding End-User Type scope in the manufacturing of flexible PVC products. Chlorinated paraffin waxes are widely used as plasticizers and flame retardants in the PVC industry, contributing to the market's growth as the demand for flexible PVC materials, such as wires, cables, and hoses, continues to rise.
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Chlorinated Paraffin Market Segmentation:
by Product
Short Chain
Medium Chain
Long Chain
by Application
Lubricating Additives
Plastics
Rubber
Paints
Metal Working Fluids
Adhesives
by End User Type
Paints & Coatings
Rubber
Manufacturing
Textile
Leather
Others
Chlorinated Paraffin Market Key Players are:
1. KH Chemicals
2. Guangzhou Jiangyan Chemicals Co., Ltd.
3. Caffaro Industrie SPA
4. Zhengzhou Saihang Chemicals Technology Co., Ltd.
5. Dover Chemical Corporation
6. Golden Dyechem
7. Handy Chemical Corporation, Inc.
8. Altair Chimica S.p.A.
9. Ajinomoto Fine-Techno Co.
10. Aditya Birla Chemicals
11. Chlorpras
12. LEUNA Tenside GmbH
13. NCP Chlorchem
14. KLJ Group
15. Qualice, LLC
16. Qumica del Cinca
17. United Group, Makwell Group
18. Inovyn Chlorvinyls Ltd.
19. Ineos
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Chlorinated Paraffin Market Regional Analysis:
Market share information for North America, Europe, Asia-Pacific, the Middle East, and Africa, and South America are available separately. Maximize analysts assess competitive strengths and conduct competitive analysis on each rival separately.
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Key Questions Answered in the Chlorinated Paraffin Market Report are:
- Which segment had the largest share in the Chlorinated Paraffin market?
- How is the competitive scenario of the Chlorinated Paraffin market in 2020?
- Which are the key drivers impacting the Chlorinated Paraffin market growth?
- Which region holds the maximum share in the Chlorinated Paraffin market?
- What will be the CAGR of the Chlorinated Paraffin market during the forecast period (2021-2027)?
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