28 November 2019
The Chlorinated Paraffins Market Report 2020-2030: Forecasts by Product (Short-chain, Mid-chain, Long-chain), By Application (Lubricating Additives, Plastics, Rubber, Paint, Metal Working Fluids), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) and analysis of leading companies operating in this industry.
The global market volume for chlorinated paraffin in 2019 was $2,500 million and is expected to reach over $3,500 million by 2030, showing a CAGR of more than 5 percent over the forecast period. Chlorinated paraffin is produced at a temperature range of about 80-100 ° C through the synthesis of chlorine gas unbranched fractions of paraffin. Chlorinated paraffins are used for polyvinyl chloride (PVC) as secondary plasticizers and are anticipated in the near future to partly substitute main plasticizers such as phthalates or phosphate esters. Chlorinated paraffin offers benefits such as fire retardance and low temperature tolerance as well as improved surface versatility.
PVC is applied to chlorinated paraffin to improve its fire retardance while maintaining low temperature properties such as plastic endurance. In the near future, an improvement in the global PVC sector is projected to fuel the development of the chlorinated paraffin business. Furthermore, technological advances coupled with increased demand for PVC-content goods such as plates, tubing, valves, wires, and cables across the globe were expected to drive demand for chlorinated paraffin during the forecast period. The development of the international chlorinated paraffin industry is marked by vibrant business participant incentives due to disposable incomes and rapid growth in the global economy.
Based on product type, use, and geography, the global chlorinated paraffin market is segmented. The industry is categorized into short-chain, medium-chain, and long-chain depending on product type. Based on the content of chlorine, the material category is further segmented into less than 40%, 40%-70% and more than 70%. The industry is categorized into applications-based lubricating materials, fibers, tires, oils, metal working liquids, and adhesives. The industry is studied in North America, Europe, Asia-Pacific, and LAMEA by geography.
The chlorinated paraffin industry is classified into lubricating chemicals, fibers, tires, oils, metal working liquids, and adhesives by use. In 2019, the major market share was the lubricating agents and metal working fluids group. Such programs had an overall market share of about 54 million in terms of value. Metal working liquids are the chlorinated paraffin market's main investment bag. This is due to the increased demand for metalworking fluids for extreme pressure additives, making the machining of products that are hard to process.
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