Global Chlorinated Paraffin Market Size 2024, Forecast To 2033
11 Mar, 2024
The chlorinated paraffin market size has grown strongly in recent years. It will grow from $2.12 billion in 2023 to $2.23 billion in 2024 at a compound annual growth rate (CAGR) of 5.2%. The growth in the historic period can be attributed to increased demand for PVC, increased partnerships and collaborations, supportive government initiatives and easy availability of raw materials. The chlorinated paraffin market size is expected to see strong growth in the next few years. It will grow to $2.74 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to growth in the manufacturing sector, increasing demand for automobiles, an increase in investments and increasing demand from the construction sector. Major trends in the forecast period include a focus on collaborating with other companies for their market growth and product expansion, a focus on mergers and acquisitions to acquire more production capabilities and a focus on increasing investments and expanding product portfolios.
Global Chlorinated Paraffin Market Key Driver
The chlorinated paraffin market is poised for growth driven by the increasing demand for PVC pipes and flooring, particularly in the construction industry. Chlorinated paraffin serves as a secondary plasticizer for various construction materials, including PVC pipes, cables, paints, flexible CPVC pipes, and flooring. Invest India, the National Investment Promotion and Facilitation Agency, anticipates the construction industry to reach $738.5 billion by 2022, fostering greater demand for PVC. Consequently, the growth of the construction sector is expected to significantly contribute to higher revenues for the chlorinated paraffin market, with market size values for 2023, 2024, and 2028 playing a crucial role in shaping this growth trajectory.
Get A Free Sample Of The Global Chlorinated Paraffin Market ReportGlobal Chlorinated Paraffin Market Segments
The chlorinated paraffin market covered in this report is segmented –
1) By Product: Short Chain, Medium Chain, Long Chain
2) By Application: Lubricating Additives, Plastic Additives, Flame Retardants, Metal Working Fluids, Other Applications
3) By End-User: Paint And Coatings, Manufacturing, Plastics, Rubber, Other End-Users
By Geography:The regions covered in the chlorinated paraffin market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
Asia-Pacific was the largest region in the chlorinated paraffin market in 2023. Asia-Pacific is expected to grow faster in the forecast period. The regions covered in the chlorinated paraffin market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Chlorinated Paraffin Industry Players
INOVYN, Grasim Industries Limited, Ajinomoto Co. Inc., JSC Kaustik, Dover Chemical Corporation, LEUNA-Tenside GmbH, Altair Chimica SpA, NCP Chlorchem, Guangzhou Jiangyan Chemical Co Ltd, KLJ Group, Flow Tech Group of Industries, Handy Chemical Corporation Ltd, Huaxia Chemical Factory, East Huge Dragon Chemical, Fuyang Jingcheng Chemical, Wenxian Sanxing Chemical, Jiaozuo Houji Chemical, Lvbang Fine Chemical, Caffaro Industrie S.p.A, Quimica Del Cinca S.A, BOSTIK SA Colombes, LVMH Fragrance Brands Levallois-Perret, Elkem Silicones France SAS Lyon, H&R Group - Hansen und Rosenthal, Akzo Nobel Group, Beckers Group, Sovcomflot, Kazanorgsintez PJSC, Flügger Sp. z o.o, Placoma Sp. z o.o. Sp.k, Chimcomplex SA Borzesti, Qualice LLC, Vantage Specialty Chemicals, Nova Chemicals, Ritrama Chile, Industrias Ceresita SA, Sherwin Williams Chile SA, S.C. Johnson & Son Chilena Ltda, ALDREES Petroleum and Transport Services Company, Arabian Petroleum Supply Co, Petro Rabigh, ICL Group Ltd, Du Pont Africa, Bayer Africa, Shell Africa.
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Chlorinated Paraffin Market Overview
The chlorinated paraffin is a straight-chain hydrocarbons that have been chlorinated. Chlorinated paraffin is manufactured by chlorinating paraffin parts obtained from petroleum distillation. These are complex mixtures of polychlorinated n-alkanes that are generally used as a plasticizer in manufacturing PVC compounds like PVC flooring cables, wires cloth coatings, and lubricants.
Chlorinated Paraffin Global Market Report 2023 provides data on the global chlorinated paraffin market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The chlorinated paraffin market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.