What Has Been Chlorinated Paraffin Market in Recent Years?
The chlorinated paraffin market has seen considerable growth due to a variety of factors.
• In the past few years, the size of the chlorinated paraffin market has witnessed a consistent growth. The market, which was worth $2.21 billion in 2024, is projected to reach a value of $2.32 billion in 2025, with a compound annual growth rate (CAGR) of 4.9%.
The historical growth of this market can be credited to a rise in demand for PVC, a surge in partnerships and collaborations, supportive government measures, and the easy procurement of raw materials.
What Is the Forecasted Market Size and Growth Rate for The Chlorinated Paraffin Market?
The chlorinated paraffin market is expected to maintain its strong growth trajectory in upcoming years.
• There is a robust growth predicted for the chlorinated paraffin market in the upcoming years, expanding to $2.94 billion by 2029 with a compound annual growth rate (CAGR) of 6.1%.
This anticipated growth over the projection period can be traced back to the expansion of the manufacturing sector, the rising automobile demand, heightened investments, as well as increased demand from the construction sector. The key trends for this forecasted period include emphasizing cooperation with other businesses for market growth and product diversification, a focus on mergers and acquisitions for enhanced production capacity, and an emphasis on bolstering investments and augmenting product ranges.
What Are The Primary Growth Drivers In The Chlorinated Paraffin Market?
The chlorinated paraffin market is projected to expand significantly due to the rising demand for the application of PVC pipes and flooring. Chlorinated paraffin, a secondary plasticizer used in PVC pipes, cables, paints, flexible CPVC pipes, and flooring, sees widespread use in the construction sector. As per Invest India, India's National Investment Promotion and Facilitation Agency, the requirement for PVC is increasing in home construction, and by 2022, the construction sector is anticipated to touch $738.5 billion. Thus, the expansion of the construction industry can potentially lead to an increase in earnings for the chlorinated paraffin market.
What Are The Main Segments Of The Global Chlorinated Paraffin Market?
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
Subsegments:
1) By Short Chain: Typically Containing 10 To 13 Carbon Atoms, Used In Applications Such As Metalworking Fluids And Plasticizers
2) By Medium Chain: Typically Containing 14 To 17 Carbon Atoms, Commonly Used In Applications Like Lubricants, Sealants, And Coatings
3) By Long Chain: Typically Containing 18 Or More Carbon Atoms, Primarily Used In Applications Such As Flame Retardants And Additives For Plastics
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What Emerging Trends Are Influencing The Growth Of The Chlorinated Paraffin Market?
One of the dominant trends in the chlorinated paraffin market involves the rise of post-consumer recycled (PCR) plastics. PCR plastics are created from recycled and sterilized plastics, which are transformed into (PP) polypropylene through the process of propene monomer package polymerization. Top companies are pivoting towards this eco-friendly packaging option to gain a competitive edge and attract more customers. For example, in October 2022, Canada's petrochemical firm, NOVA Chemicals Corporation unveiled a new product named EX-PCR-NC4, a mechanically recycled polyethylene resin. This product allows converters and brand owners to reach their sustainability targets without compromising on the performance capabilities, making it ideal for applications like shrink, e-commerce, heavy-duty sacks, and protective packaging. EX-PCR-NC4 compasses 100% post-consumer recycled polyethylene (rPE) and is an excellent choice for design flexibility, aiding in the reduction of packaging carbon footprint and the fight against climate change.
Who Are the Key Players in the Chlorinated Paraffin Market?
Major companies operating in the chlorinated paraffin market include:
• 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
• 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
• ICL Group Ltd
• Du Pont Africa
• Bayer Africa
• Shell Africa.
What Is The Most Dominant Region In The Chlorinated Paraffin Market?
Asia-Pacific was the largest region in the chlorinated paraffin market in 2024. 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.
