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Chlorinated Paraffin Market to Exceed USD 3002.5 Mn by 2027 says The Insight Partners

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Chlorinated Paraffin Market to Exceed USD 3002.5 Mn by 2027 says The Insight Partners

December 03
12:10 2021
The global chlorinated paraffin market accounted to US$ 2,226.3 Mn in 2018 and is expected to grow at a CAGR of 3.4% during the forecast period 2019 – 2027, to account to US$ 3,002.5 Mn by 2027.

Latest market study on “Chlorinated Paraffin Market to 2027 – Global Analysis and Forecasts by Product Type (Short-Chain, Medium-Chain, and Long-Chain), Application (Lubricant, Additives, Plastic, Rubber, Paints, Metal Working Fluids, Adhesives, and Others)”, The global chlorinated paraffin market is accounted to US$ 2,226.3 Mn in 2018 and is expected to grow at a CAGR of 3.4% during the forecast period 2019 – 2027, to account to US$ 3,002.5 Mn by 2027. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.

Strategic Insights

Report Coverage

Details

Market Size Value in

US$ 2,226.3 Million in 2018

Market Size Value by

US$ 3,002.5 Million by 2027

Growth rate

CAGR of 3.4% from 2019-2027

Forecast Period

2019-2027

Base Year

2019

No. of Pages

152

No. Tables

68

No. of Charts & Figures

56

Historical data available

Yes

Segments covered

Product Type , Application

Regional scope

North America; Europe; Asia Pacific; Latin America; MEA

Country scope

US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

 

Get Exclusive Sample Pages of Chlorinated Paraffin Market at https://www.theinsightpartners.com/sample/TIPRE00005743/

 

PVC are polymers containing vinyl chloride monomers attached in an end to end sequence which is used in the production of plastics. Chlorinated paraffin has a wide range of applications, but, the most commercially efficient application is in the use of polyvinyl chloride (PVC). They are used as plasticizers in PVC. It acts as secondary plasticizers and also acts as flame retardants in plastics. Chlorinated paraffin is characterized by high thermal stable, low viscosity, and lower molecular weight, which makes it a more efficient choice in the PVC application. This property of thermo plasticity is achieved by the polymerization of chloride, commonly known as the addition of chloride paraffin. PVC is used mainly for the production of packaging plastic for food and other applications. The primary purpose of using PVC is the presence of thermoplastic resin. Therefore the rise in the production of packaging plastic is eventually going to benefit the chlorinated paraffin market too. Growing demand for chlorinated paraffin in PVC tubing pipes is a vital factor for the expansion and growing demand of chlorinated paraffin. PVC tubing pipes that are also known as vinyl tubing pipes are extensively used in the wire insulation, construction from siding and as window framing pipes. These factors are anticipated to boost the demand for chlorinated paraffin in the PVC application.

Expansion of PVC industry will escalate the chlorinated paraffin market at a CAGR of 3.4%

Chlorinated paraffin is used as an extreme pressure additive in the application of metalworking fluids. Generally, MCCPs and LCCPs are used in the production of metalworking fluids. It is used for the industrial gear lubricants. The addition of chlorinated paraffin forms in metalworking fluids forms a metal salt layer or a carbonated film between the two metal surfaces under severe lubrication circumstances. Every metalworking operation requires precise fluid characteristics that depend on the metal and operational conditions. In the case of extreme pressure additives, chlorinated paraffin is considered to be the best option of the precise fluid characteristics. Chlorinated paraffin is used as a cooling and lubricating fluids in the grinding and metal cutting operations. There are two types of chlorinated paraffin fluids used, water-based emulsions and oil-lubricants. The basic function of water-based lubricant is cooling. Metalworking fluids are used to reduce friction between the work surface and the cutting tool. The addition of chlorinated paraffin in metalworking fluids helps to retain the surface characteristics of the metal.

Impact of COVID-19 on Chlorinated Paraffin Market:

The COVID-19 pandemic originated in Wuhan (China) in December 2019, and since then, it has spread across the globe at a fast pace. The US, Brazil, India, Russia, Italy, China, Spain, France, and Germany are among the worst-affected countries in terms of confirmed cases and reported deaths as of June 2020. The pandemic has affected conomies and industries due to enforced lockdowns, travel bans, and business shutdowns. Chemical and materials is one of the world’s major industries facing serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns as a result of this outbreak. The global economic break down due to COVID-19 is also affecting the growth of the Chlorinated Paraffin Market growth due to shutting down of factories and obstacles in supply chain.

Download the Latest COVID-19 Analysis on Chlorinated Paraffin Market Growth Research Report at https://www.theinsightpartners.com/covid-analysis-sample/TIPRE00005743/

 

Chlorinated Paraffin Market: Product Type

The global chlorinated paraffin market by product type has been segmented into short-chain, medium-chain, and long-chain. The medium-chain chlorinated paraffin segment dominated the global chlorinated paraffin market. Moreover, the long-chain chlorinated paraffin segment in the global chlorinated paraffin market is anticipated to grow at a faster pace over the forecast period.

The LCCPs are free from chlorinated paraffin impurities. The wide range of the number of carbon atoms results in the complex nature of the product. The primary use of LCCPs is as a secondary plasticizer in PVC, as a flame retardant in sealants, adhesives, and paints. Fireproofing of cellulosic textiles is one of the significant applications of long-chain chlorinated paraffin. It is also used to treat the finished fabric.

Chlorinated Paraffin Market: Competitive Landscape and Key Developments

The market for chlorinated paraffin is concentrated with some very well-established players. Some of the key players in the chlorinated paraffin market include Aditya Birla Chemicals, Altair Chimica SpA, Ajinomoto Fine-Techno Co., Inc., Caffaro Industrie S.p.A., Dover Chemical Corporation, Handy Chemical Corporation .ltd, INEOS CHLOR, KLJ Group, LEUNA-Tenside GmbH, and Química Del Cinca among others.

Order a Copy of Chlorinated Paraffin Market Shares, Strategies and Forecasts 2019-2027 Research Report at https://www.theinsightpartners.com/buy/TIPRE00005743/

 

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Contact Person: Sameer Joshi
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Website: http://www.theinsightpartners.com/pr/chlorinated-paraffin-market