Overview and Scope
The chlorinated paraffin is a 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.
Sizing and 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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Segmentation & Regional Insights
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
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.
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Major Driver Impacting 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.
Key Industry 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.
The chlorinated paraffin market report table of contents includes:
1. Executive Summary
2. Chlorinated Paraffin Market Characteristics
3. Chlorinated Paraffin Market Trends And Strategies
4. Chlorinated Paraffin Market – Macro Economic Scenario
5. Global Chlorinated Paraffin Market Size and Growth
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32. Global Chlorinated Paraffin Market Competitive Benchmarking
33. Global Chlorinated Paraffin Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Chlorinated Paraffin Market
35. Chlorinated Paraffin Market Future Outlook and Potential Analysis
36. Appendix
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