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 Chlorinated Paraffin Market analysis provides a comprehensive picture of competition, including the market share and company profiles of the worldwide industry’s top rivals. The research scope covers a complete analysis of the Chlorinated Paraffin Market, as well as the causes for variances in the industry’s growth in various places.
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Chlorinated Paraffin Market Scope:
To identify and collect material suitable for this study, this research study makes considerable use of secondary sources, directories, and databases, such as annual reports, press releases, journals, corporate websites, and databases.
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: The 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
Regional Analysis:
Individual market influencing elements and changes in market legislation that affect current and future market trends are also included in the regional component of the Chlorinated Paraffin market study. Current and future trends are examined to assess the entire market potential and uncover profitable trends to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.
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COVID-19 Impact Analysis on Chlorinated Paraffin Market: The report also includes a detailed analysis of COVID-19 on the Chlorinated Paraffin market.
Key Questions Answered in the Chlorinated Paraffin Market Report are:
- Which sub-segment had the largest share in the Chlorinated Paraffin market?
- How is the competitive landscape of the Chlorinated Paraffin market in 2023?
- 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 (2023-2029)?
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