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Chlorinated Paraffin Global Market Report 2022

Chlorinated Paraffin Global Market Report 2022

  • May 2022
  • 175 pages
  • ID: 6281583
  • Format: PDF
  • The Business Research Company

Summary

Table of Contents

Major players in the chlorinated paraffin market are INOVYN, Altair Chimica, Quimica del Cinca, LEUNA-Tenside GmbH, Dover Chemical Corporation, Aditya Birla Chemicals., Caffaro Industrie S.p.A., Ajinomoto Fine-Techno, Makwell Group, and KLJ Group.

The global chlorinated paraffin market is expected to grow from $1.9 billion in 2021 to $1.98 billion in 2022 at a compound annual growth rate (CAGR) of 4.3%. The market is expected to grow to $2.35 billion in 2026 at a CAGR of 4.3%.

The chlorinated paraffin market consists of sales of chlorinated paraffin by entities (organizations, sole traders, or partnerships) that manufacture chlorinated paraffin, which is straight-chain hydrocarbons that have been chlorinated. Chlorinated paraffin is manufactured by chlorinating paraffin parts obtained from petroleum distillation.

The main chlorinated paraffin product types are short-chain, medium-chain, and long chain.The short-chain chlorinated paraffin is referred to as a mixture of chlorinated hydrocarbons with a chlorine content of 40-70% and a chain length of 10 to 13 carbon atoms.

They are commonly used as plasticizers and retardants in plastics, coolants, and lubricants for metal forming operations.The various applications of chlorinated paraffin are lubricating additives, plastic additives, metalworking fluids, and flame retardants.

The major end-users of chlorinated paraffin include paint and coatings, rubber, manufacturing, textile, and leather.

The Asia-Pacific is the largest region in the chlorinated paraffin market in 2021.The Asia-Pacific is expected to grow faster in the forecast period.

The regions covered in the chlorinated paraffin report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

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 secondary plasticizers 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. Moreover, according to IIFL Holdings Limited, an India-based financial services company, the Indian plastic pipes industry size was approximately $4.00 billion in 2019 with 60% demand from the agricultural sector and the remaining 40% from the construction sector. Thus, the growth of the construction industry is likely to generate higher revenues for the chlorinated paraffin market.

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 that 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 2019 Lush cosmetic engaged in manufacturing handmade skin products, that have begun using PCR and PP packaging which is known as polypropylene package made with resins that comes with an injection-molded container that is designed to hold cream and lotions.

In October 2020, Lubrizol Corporation, a USA-based specialty chemical company that supplies technologies and produces additives, ingredients, resins, and compounds have partnered with Grasim Industries Limited from Aditya Birla Group for establishing a plant to manufacture and provide CPVC resin in India.Lubrizol will make additional investments in the future to expand its existing CPVC compound plant in Gujarat and establish a local innovation center as demand continues to grow.

Grasim Industries Limited is an India-based company that involves in the production of chemicals and cement.

The countries covered in the chlorinated paraffin market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA.

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