+1-888-308-5802     
News Contact Us

Chlorinated Paraffin Market growth will be driven by increasing demand for automobiles, building & construction materials up to 2024

Author : Ronak Bora | Published Date : 2019-03-13 

Global Market Insights, Inc. adds new Chlorinated Paraffin Market report which provides in-depth information about Industry overview, top vendors, Key market highlights, product types, drivers, challenges, trends, industry landscape, size and forecast.

Growth in plastic and manufacturing industries coupled with rise in aerospace and automotive sectors is a key factor stimulating the product demand across the developing regions. This is attributed owing to the upsurge in buying power and significant monetary growth and will boost the chlorinated paraffin market growth by 2024. Construction sector expansion is likely to augment the market growth in coming years owing to rising population coupled with increasing housing requirements of the people in the developing regions. This is due to extensive product usage in PVC in order to manufacture the sheets, films, cables, wires, pipes and other related products. Increasing demand for the PVC products in construction, insulation, transmission and other industries is fueling the market growth due to outstanding technical features.

Request for a sample of this research report @ www.gminsights.com/request-sample/detail/2216

Fluctuating raw material costs coupled with availability of substitute product in the market may restrict the chlorinated paraffin market growth during the forecast timeframe. Basically, the product is obtained from the distillation of petrol and variation in the oil prices significantly impacts on the overall raw materials prices. Rise in demand for bio-based products in North America and Europe will hinder the chlorinated paraffins demand.

Due to the implementation of certain rules and regulations regarding fire & safety, such as NFPA 703, NFPA 255, CFPA, NFPA 220, in countries including Germany, Japan, Australia, and the U.S., there will surge be a surge in demand for fire-resistant materials. This will boost the use of chlorinated paraffins in paints & coatings, sealant, caulk, adhesives, rubber, fabrics, and others to provide flame-retardant properties to the material. The tendency to suppress the rate of combustion will depend on the chlorine content and the product is generally preferred over phosphate and bromine additives, which will provide a lucrative growth to the market.

The manufacturing industry is deemed to be a profitable quotient to the chlorinated paraffin 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's toxicity will cause adverse side effects on the environment and the biotic life may hamper the chlorinated paraffin market growth as end-users will try to substitute it with other similar products.

Based on application, the chlorinated paraffin 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.

Make an inquiry for purchasing this report @ www.gminsights.com/inquiry-before-buying/2216

On the basis of end-user, the industry 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.

Based on geography, Asia Pacific will likely hold a significant share in the overall chlorinated paraffin market in 2016 and will expand in the forecast timeframe at the substantial rate. North America and Europe will have a collective market size of over USD 600 million in 2024 accounting for over one third of the global chlorinated paraffin industry.

The key manufacturers in the chlorinated paraffin market which include Ajinomoto Fine-Techno, Dover Chemical, JSC Kaustik, Caffaro Industrie, INOVYN, Flow Tech Group of Industries, Aditya Birla Chemicals, Handy Chemical , Altair Chimica, Quimica del Cinca, INEOS Chlor, Makwell Group, LEUNA-Tenside, United Group, and NCP Chlorchem.

Browse key industry insights spread across 330 pages with 376 market data tables & 28 figures & charts from the report, “Chlorinated Paraffin Market” in detail along with the table of contents:

www.gminsights.com/industry-analysis/chlorinated-paraffin-market

Chlorinated paraffin market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2013 to 2024, for the following segments:

Chlorinated Paraffin Market, By Grade

  • Short-chain grade
    • Lubricating additives
    • Plastics additives
    • Flame retardants
    • Metal Working Fluids
    • Others
  • Medium-chain grade
    • Lubricating additives
    • Plastics additives
    • Flame retardants
    • Metal Working Fluids
    • Others
  • Long-chain grade
    • Lubricating additives
    • Plastics additives
    • Flame retardants
    • Metal Working Fluids
    • Others

Chlorinated Paraffin Market, By Application

  • Lubricating additive
  • Plastics additive
  • Metal working fluids
  • Flame retardants
  • Others

Chlorinated Paraffin Market, By End-user

  • Paints & coatings
  • Rubber industry
  • Manufacturing
  • Textile
  • Leather industry
  • Others

The above information is provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • Indonesia
    • Malaysia
    • South Korea
  • Latin America
    • Brazil
    • Mexico
  • MEA
    • South Africa
    • GCC

Browse Related Report @ www.gminsights.com/pressrelease/hydrazine-hydrate-market

 

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

 

 

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

Related News

North America Alfalfa Hay Market size is predicted to grow significantly till 2025

Published Date: 2019-07-19         Author: Ronak Bora

Alfalfa hay market report provides a comprehensive landscape of the industry, accurate market estimates and forecast split by product, application, technology, region and end-use (one or more / all of these segments, as applicable). All quantitative information is covered on a regional as well as co... Read More

Copper Nitrate Market Regional Analysis - North America, Europe, Asia pacific, Middle east and Africa and Latin America

Published Date: 2019-07-19         Author: Ronak Bora

Copper nitrate market report provides a comprehensive landscape of the industry, accurate market estimates and forecast split by product, application, technology, region and end-use (one or more / all of these segments, as applicable). All quantitative information is covered on a regional as well as... Read More

Defoamers Market to witness 4.3 Bn US$ Business by 2024

Published Date: 2019-07-19         Author: Ronak Bora

As per Global Market Insights, Inc., reports “Defoamers Market size is forecast to reach a revenue margin of USD 4.3 billion by 2024.” In addition to this, wastewater treatment chemicals market size, which is escalating rapidly is also a chief growth factor for the defoamers industry sha... Read More

© 2019 Fractovia. All Rights Reserved