What is the global market size of Chlorinated Paraffin Market?

Global Chlorinated Paraffin Market size was valued at USD 1.6 billion in 2021 and is poised to grow from USD 1.7 billion in 2022 to USD 2.7 billion by 2030, growing at a CAGR of 5.4% in the forecast period (2023-2030).

Chlorinated Paraffin Market Size, Share, Growth Analysis, By Product Type(Short chain, medium chain, long chain), By Application(Lubricating additives, Plastics, Rubber, Paints), By Region - Industry Forecast 2024-2031

Q: Who are the key vendors in the Global Chlorinated Paraffin Market?

Global chlorinated paraffin market is relatively fragmented, with a high level of competition from larger players such as Dover Chemical, INOVYN, INEOS Chlor, United Group, Aditya Birla Chemicals, Ajinomoto Fine-Techno, JSC Kaustik, LEUNA-Tenside GmbH, Altair Chimica SpA, Caffaro Industrie. These players are holding a significant portion of the global market share. In order to stay competitive and generate higher market revenue, these industry leaders are constaly taking efforts for extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other start-up enterprises to enhance profitability. 'INOVYN', 'Dover Chemical Corporation', 'NCP Chlorchem', 'Caffaro Industrie S.p.A.', 'Leuna Tenside GmbH', 'Química del Cinca', 'Aditya Birla Chemicals', 'Altair Chimica SpA', 'JSC Kaustik', 'Ajinomoto Fine-Techno Co., Inc.', 'KLJ Group', 'Makwell Group', 'United Group Inc.', 'INEOS Chlor', 'Flow Tech Group of Industries', 'Ajanta Group', 'Hangzhou Fuyang Jingcheng Chemical Co., Ltd.', 'NCP Alcohols', 'Jiangsu Hongyu Chemical Co., Ltd.', 'Danyang Auxiliary Chemical Co., Ltd'

Report ID: SQMIG15A2058 | Region: Global | Published Date: April, 2024
Pages: 165 | Tables: 66 | Figures: 75

Chlorinated Paraffin Market News

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Chlorinated Paraffin Market size was valued at USD 1.6 billion in 2019 and is poised to grow from USD 1.7 billion in 2023 to USD 2.7 billion by 2031, growing at a CAGR of 5.4% in the forecast period (2024-2031).

chlorinated paraffin market is relatively fragmented, with a high level of competition from larger players such as Dover Chemical, INOVYN, INEOS Chlor, United Group, Aditya Birla Chemicals, Ajinomoto Fine-Techno, JSC Kaustik, LEUNA-Tenside GmbH, Altair Chimica SpA, Caffaro Industrie. These players are holding a significant portion of the market share. In order to stay competitive and generate higher market revenue, these industry leaders are constaly taking efforts for extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other start-up enterprises to enhance profitability. 'INOVYN', 'Dover Chemical Corporation', 'NCP Chlorchem', 'Caffaro Industrie S.p.A.', 'Leuna Tenside GmbH', 'Química del Cinca', 'Aditya Birla Chemicals', 'Altair Chimica SpA', 'JSC Kaustik', 'Ajinomoto Fine-Techno Co., Inc.', 'KLJ Group', 'Makwell Group', 'United Group Inc.', 'INEOS Chlor', 'Flow Tech Group of Industries', 'Ajanta Group', 'Hangzhou Fuyang Jingcheng Chemical Co., Ltd.', 'NCP Alcohols', 'Jiangsu Hongyu Chemical Co., Ltd.', 'Danyang Auxiliary Chemical Co., Ltd'

The demand for chlorinated paraffin has increased as a result of rising PVC usage in the lubricant and compounding industries as well as in the construction and automotive industries. Numerous items, including profiles and tubes, film and sheets, pipe and fittings, bottles, and wire and cables, are produced using it widely.

One of the major developments influencing the chlorinated paraffin market is the creation of affordable flame retardants for polyethylene. Flame retardant mining belts, rubber adhesives, textiles, urethane foams, and caulks are all made with chlorinated paraffin. Furthermore, flame retardant high-density polyethylene (HDPE) formulations with good physical qualities can be made using chlorinated paraffin in conjunction with other flame retardant additives including magnesium hydroxide, antimony trioxide, and nanomers.

The demand for flame retardants is projected to increase as a result of factors such as new environmental legislation, safety standards from end-user industries, and tighter fire safety norms in developed regions like North America and Europe. This would ultimately fuel the chlorinated paraffin market shortly. The region's population growth, expansion of the automobile and industrial industries, and steady economic growth are all predicted to contribute to an increase in Asia's consumption of chlorinated paraffin.

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Chlorinated Paraffin Market Size, Share, Growth Analysis, By Product Type(Short chain, medium chain, long chain), By Application(Lubricating additives, Plastics, Rubber, Paints), By Region - Industry Forecast 2024-2031

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