Chlorinated Paraffins Market Report, Global Share, Size And Forecast 2023-2028

IMARC Group, a leading market research company, has recently releases report titled “Chlorinated Paraffins Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global chlorinated paraffins market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How big is the chlorinated paraffins market?

The global chlorinated paraffins market size reached US$ 1.99 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.6 Billion by 2028, exhibiting a growth rate (CAGR) of 4.81% during 2023-2028.

What are chlorinated paraffins?

Chlorinated paraffins are a collection of synthetic substances composed of hydrocarbons subjected to differing levels of chlorination. These compounds come into being through the reaction of extended-chain hydrocarbons, like n-paraffins, with chlorine gas. The resulting chlorinated paraffins exhibit a wide range of properties depending on the degree of chlorination and the chain length. Chlorinated paraffins are used in various industrial applications, including as flame retardants in plastics, lubricants, and metalworking fluids due to their fire-resistant and low volatility characteristics.

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What are the growth prospects and trends in the chlorinated paraffins industry?

The widespread application of chlorinated paraffins as lubricants and coolants in metalworking, as flame retardants in plastics, and as additives in paints, sealants, and adhesives plays a significant role in propelling the global market's expansion. In parallel, a variety of regional directives addressing the environmental and health implications of chlorinated paraffins are in place. Adherence to these directives and the demand for more secure substitutes are both contributing to the market's growth. The market is also driven by rapid industrialization in developing countries which is leading to increased demand in various industrial sectors. This expansion in key industries, such as automotive and construction is fueling the demand for chlorinated paraffins. In addition to this, continuous innovation, and technological advancement in the formulation of chlorinated paraffins to meet specific industrial requirements provide impetus to the market growth.

Apart from this, the relatively low cost and easy availability of raw materials are making chlorinated paraffins attractive for various industrial applications, which is creating a positive outlook for the market across the globe.

Who are the key players operating in the industry?

The report covers the major market players including:

• Aditya Birla Chemicals (Thailand) Limited (Aditya Birla Group)
• Ajinomoto Fine-Techno Co. Inc. (Ajinomoto Co. Inc.)
• Altair Chimica S.p.A. (Esseco Group Srl)
• Caffaro Industrie SPA
• Dover Chemical Corporation (ICC Industries Inc.)
• Flow Tech Group of Industries
• INEOS Inovyn (INEOS Group Limited)
• JSC Kaustik (NikoChem Group)
• KH Chemicals BV (Ravago S.A.)
• KLJ Group
• NCP Chlorchem (Pty) Ltd
• Química Del Cinca Sl
• Vantage Specialty Chemicals Inc.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Product Type:

·         Medium Chain

·         Short Chain

·         Long Chain

Breakup by Application:

·         Metal Working Fluids

·         Lubricating Additives

·         Plastics

·         Rubber

·         Paints

·         Others

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

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Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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