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Chlorinated Paraffin Market Size to showcase significant growth in the lubricating additives application

Author : Ronak Bora | Published Date : 2019-08-06 

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.

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.

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Furthermore, its rising use as a plasticizer in the preparation of solvents, emulsion paints and varnishes will positively boost chlorinated paraffin industry share. Due to its characteristics such as high stability, low volatility, non-inflammability and easy compatibility, its utilization in paints and varnishes increases their resistance to acids and improves the elasticity of the final products, thus expanding the scope of chlorinated paraffin market expansion.

Subject to the growing manufacturing and textile sectors, Asia Pacific chlorinated paraffin industry has been forecast to record a CAGR of 3.5% over 2017-2024. China and India apparently, would chiefly propel the APAC industry, given that both these economies are heavily involved in the continuous production of all grades of chlorinated paraffin, pertaining to the product demand from the manufacturing sector. The India manufacturing sector alone contributed to over USD 310 billion to the GDP in 2016. However, North America chlorinated paraffin market will depict a slightly sluggish growth graph, subject to the stringent regulatory framework in the region and the rising demand for bio-based and green products.

Due to the absence of stringent norms across the Asia Pacific, chlorinated paraffin market enjoys quite a strong hold in the region. The cost-efficient labor resource in Asia Pacific and strict regulations in the developed nations has prompted foreign investors to pour in their coffers in APAC chlorinated paraffin market. In fact, estimates state that foreign direct investments (FDI) in India crossed USD 70 billion in 2017, as major multinational companies had begun to shift their focus from the advanced to the emerging economies, driven by the cost-efficient human resource.

The major participants in chlorinated paraffin market include Altair Chimica, Ajinomoto Fine-Techno, INEOS Chlor, Aditya Birla Chemicals Company, Handy Chemical Corporation Ltd., JSC Kaustik, NCP Chlorchem, and Caffaro Industrie.

Glimpse of Table of Content (ToC)

Chapter 4.  Chlorinated Paraffin Market, By Grade By Application

4.1.  Global chlorinated paraffin market share by grade by grade by application, 2016 & 2024

4.2.  Short-chain grade

4.2.1.   Market estimates and forecasts, by application, 2013 – 2024

·    Lubricating additives

·    Plastics additives

·    Flame retardants

·    Metal Working Fluids

·    Others

4.2.2.   Market estimates and forecasts by region, 2013 – 2024

4.3.  Medium-chain grade

4.3.1.   Market estimates and forecasts, by application, 2013 – 2024

·    Lubricating additives

·    Plastics additives

·    Flame retardants

·    Metal Working Fluids

·    Others

4.3.2.   Market estimates and forecasts by region, 2013 – 2024

4.4.  Long-chain grade

4.4.1.   Market estimates and forecasts, by application, 2013 – 2024

·    Lubricating additives

·    Plastics additives

·    Flame retardants

·    Metal Working Fluids

·    Others

4.4.2.   Market estimates and forecasts by region, 2013 – 2024

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/chlorinated-paraffin-market

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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

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