The major participants in chlorinated paraffin market include Altair Chimica, Ajinomoto Fine-Techno, INEOS Chlor, Aditya Birla Chemicals Company, Handy Chemical Corporation Ltd., JSC Kaustik, NCP Chlorchem, and Caffaro Industrie.

Selbyville, Delaware, USA - May 14, 2019 /MarketersMedia/ —

The size of chlorinated paraffins market is predicted to reach a revenue of over USD 2 billion by 2024; according to a new research report. Chlorinated paraffins are used as secondary plasticizers in conjugation with primary plasticizers including DOP, DINP, etc., especially in PVC. The product adds unique characteristics to PVC such as flame & moisture resistance, good stability, etc. PVC is the third most produced plastic around the world owing to its wide usage in end-user industries including automobile, electrical & electronics, building & construction, and others. This will surge the growth of chlorinated paraffin market in six to seven years down the line.

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The manufacturing industry is deemed to be a profitable quotient to the chlorinated paraffins market due to the use of the product as an extreme pressure additive in metalworking fluids and in lubricants to provide chemical and water resistance. Chlorinated paraffin releases hydrochloric acid when reacting with the metal surface to form a strong thin layer of metal chloride, acting as a lubricant to the metal surface. The use of the product in these applications will propel the upward trend in chlorinated paraffin market growth by the end of 2024.

The product market is segmented on the basis of grade as short, long, and medium-chain chlorinated paraffins. Among all, medium chain & long chain together will have a market of approximately USD 1.4 billion during the forecast period. This is due to the extensive use of the product as a plasticizer in rubber manufacturing and other industries coupled with the termination of the use of short chain grades in various countries.

Based on application, the chlorinated paraffins market is diversified as metalworking fluids, plastic additives, flame retardants, lubricating additives, and others. Metalworking fluids will have a market of over USD 600 million in the coming years. Increasing use of metalworking fluids in automobile, aerospace, manufacturing, and other industries will augment the market in the upcoming years.

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On the basis of end-user, the chlorinated paraffins market is fragmented as manufacturing, textile, rubber, leather, paints & coatings, and others including plastics, adhesives, and sealants. Manufacturing and rubber are the significant end-user segments of this industry and both these segments will register a CAGR of approximately 3% during the study period.

The Asia Pacific region will grow at a significant rate and will have CAGR of over 3% by the end of the forecast period. Countries including India and China will increase the production of chlorinated paraffins owing to the myriad end-use applications, which require flame-retardant properties and thermal stability materials.

The major participants in chlorinated paraffins market include Altair Chimica, Ajinomoto Fine-Techno, INEOS Chlor, Aditya Birla Chemicals Company, Handy Chemical Corporation Ltd., JSC Kaustik, NCP Chlorchem, and Caffaro Industrie.

Browse key industry insights spread across 330 pages with 376 market data tables & 28 figures & charts from the report, “Chlorinated Paraffins Market Size By Grade (Short-Chain, Medium-Chain, Long-Chain), By Application (Lubricating Additives, Plastic Additives, Metal Working Fluids, Flame Retardants), By End-user (Paint & Coatings, Rubber, Manufacturing, Textile, Leather), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, GCC), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/chlorinated-paraffin-market

Table of Contents (ToC) of the report:
Chapter 6. Chlorinated Paraffin Market, By End-user
6.1. Global market share by end-user, 2016 & 2024
6.2. Paints & coatings
6.2.1. Market estimates and forecasts, 2013 - 2024
6.2.2. Market estimates and forecasts by region, 2013 – 2024
6.3. Rubber
6.3.1. Market estimates and forecasts, 2013 - 2024
6.3.2. Market estimates and forecasts by region, 2013 – 2024
6.4. Manufacturing
6.4.1. Market estimates and forecasts, 2013 - 2024
6.4.2. Market estimates and forecasts by region, 2013 – 2024
6.5. Textile
6.5.1. Market estimates and forecasts, 2013 - 2024
6.5.2. Market estimates and forecasts by region, 2013 – 2024
6.6. Leather
6.6.1. Market estimates and forecasts, 2013 - 2024
6.6.2. Market estimates and forecasts by region, 2013 – 2024
6.7. Others
6.7.1. Market estimates and forecasts, 2013 - 2024
6.7.2. Market estimates and forecasts by region, 2013 – 2024
Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/chlorinated-paraffin-market

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