Chlorinated Paraffin Market is projected to reach USD 2,260 million by 2022

May 02 12:32 2019

Chlorinated Paraffin Market Analysis Size, Growth rate and Overview:

The Chlorinated Paraffin Marketwas valued at USD 1,850 million in 2017 and is expected to reach almost USD 2,260 million by the end of 2022, growing at a CAGR of around 3.2% over the predicted period. Chlorinated paraffin is produced by the synthesis of unbranched paraffin fractions of chlorine gas in a temperature range of about 80 to 100 °C. Chlorinated paraffins are used as secondary plasticizers for polyvinyl chloride (PVC) and should be replaced by Primary plasticizers such as phthalates and phosphate esters. This paraffin offers advantages such as fire resistance and low temperature resistance, as well as the flexibility of the materials.

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Chlorinated Paraffin Market Key Drivers, Challenges, and Opportunities:

Chlorinated paraffin is added to PVC to improve its flame resistance while maintaining properties at low temperature, such as plastic strength. It is expected that the increase in the global PVC industry will stimulate the growth of the chlorinated paraffin market in the near future. In addition, it is expected that the technological advances associated with the growing demand for products containing PVC, such as sheet metal, pipe, tube, wire and cable, will increase the demand for this market during the foreseen period. The growth of the global chlorinated paraffin market is characterized by many opportunities for market participants, thanks to disposable income and the rapid growth of the global economy.

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Chlorinated Paraffin Market – Regional Presence:

Globally, the market is spread across the regions of North America, Europe, Middle East and Africa, Asia Pacific and Latin America. It is expected to increase the consumption of chlorinated paraffin in Asia, supported by the growth of the population in the region, the development of the automotive and mechanical industries and stable economic growth. Emerging markets such as China and India are expected to register the largest increase in demand for chlorinated paraffin during the forecast period. The substantial development of the application of lubricant additives should stimulate the market demand in this region.

Some of the Key Players Profiled in this Chlorinated Paraffin Market Report are:

INOVYN, Altair Chimica SpA, INEOS Chlor, Caffaro Industrie S.p.A., Quimica del Cinca, S.A., LEUNA-Tenside GmbH, Dover Chemical Corporation, Handy Chemical Corporation Ltd., and Aditya Birla Chemicals.

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