Chlorinated Paraffin Market outlook with industry review and forecasts
Category: #business  By Ronak Bora  Date: 2020-01-16
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Chlorinated Paraffin Market outlook with industry review and forecasts

The Chlorinated paraffin Market research study provides a detailed survey of the vital players – this is based on the financial highlights, company outline, SWOT Analysis, Product Portfolio, as well as major strategies and the expansion plans of industry contenders. This report is also anticipated to reflect consistent growth in years to come, since consumers are now being rather aware of product quality. This market analysis of an industry is a crucial factor that numerous stakeholders such as investors, traders, CEOs, suppliers, and more, need to be aware of.

The research report endorses a detailed industry chain analysis. Also, it covers the production process of chlorinated paraffin, upstream raw material supplier information, raw material costs, labor costs, manufacturing costs, marketing channels, as well as the downstream buyers of the chlorinated paraffin market.

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Chlorinated paraffins are used as secondary plasticizers in conjugation with primary plasticizers including DOP, DINP, etc., especially in PVC. The product adds unique characteristics to PVC such as flame & moisture resistance, good stability, etc. PVC is the third most produced plastic around the world owing to its wide usage in end-user industries including automobile, electrical & electronics, building & construction, and others. This will surge the growth of chlorinated paraffins market in six to seven years down the line.

Chlorinated Paraffin Market size is expected surpass the USD 2 billion frontier by 2024, owing to the extensive and diverse utilization of chlorinated paraffin in a number of industries such as manufacturing, paint and coatings and textile. The product is compatible with oils and is viscous in nature, deeming it suitable to be used as a lubricant and coolant in metal forming and cutting. As a flame retardant and compound for increasing the flexibility of materials, chlorinated paraffin is also widely used in water resistant materials and chemicals such as coatings for swimming pools, industrial floor, underwater vessels and marine paints. This substantially massive application spectrum is one of the pivotal factors responsible for fueling the growth of chlorinated paraffin market, which is estimated to register a 3% CAGR over 2017-2024.

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.

In-depth table of contents @ http://decresearch.com/toc/detail/chlorinated-paraffin-market

Due to the absence of stringent norms across the Asia Pacific, chlorinated paraffin market enjoys quite a stronghold 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 industry. 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. Thus, driven by the globally enforced legislations to use flame retardants in paints and coatings, electrical devices and buildings, and the robust rise of end-use domains such as the rubber, leather, and manufacturing sectors in countries like U.S., Singapore, Australia, Germany and Japan, chlorinated paraffin market is set to carve out a profitable growth map over 2017-2024.

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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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.

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About Author

Ronak Bora

Ronak Bora    

A graduate in Electronics Engineering, Ronak writes for Technology Magazine 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 spo...

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