Chlorinated Paraffins Market 2018 Top Players: Dover Chemical, JSC Kaustik ,Caffaro, Industrie , INOVYN and INEOS Chlor
Date: 2018-09-12   Author: Ronak Bora  Category: #market

Chlorinated Paraffin Market will surpass USD 2 billion by 2024; according to a new research report.
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.

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

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.

The product market is segmented on the basis of grade as short-, long-, and medium-chain chlorinated paraffins. Among all, medium chain & long chain together will have a market of approximately USD 1.4 billion during the forecast period. This is due to the extensive use of the product as a plasticizer in rubber manufacturing and other industries coupled with the termination of the use of short chain grades in various countries.
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.

Browse Related Reports:

Recycled Elastomers Market Size By Raw Material (Styrene Butadiene Rubber, Nitrile Butadiene Rubber, Propylene Rubber, Chloroprene Rubber, Natural Rubber, Polyurethane Rubber), By Application (Medical, Agriculture, Sports Product, Playground Surfaces, Infrastructure, Home & Garden), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Oceania, Thailand, Malaysia, Philippines, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2025

https://www.marketwatch.com/press-release/recycled-elastomers-market-in-asia-pacific-to-grow-at-13-cagr-to-2024-2018-09-11



About Author


Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for AlgosOnline 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.

...

Read More

More from Ronak


Post Recommendents

Internet of Things soon to revolutionize the global kitchen appliances market
Author: Ronak Bora

The concept of ‘smart’ world is being realized at all levels, right from the giant industries to our very own houses. Kitchen, which is the most important part of a home, has also been significantly influen...


Growing demand across aerospace and railway industries anticipated to drive bearings market growth
Author: Ronak Bora

Bearings market size is expected to exceed over USD 142 billion by 2022, as it will grow over 7.6% in the coming years. This product is an essential mechanical component for proper and smooth running of vehicles and machineries. The industrial hea...


Automotive Sunroof Market Size, Share, Growth, Trends and Forecast 2022, Business Opportunities & Future Investments
Author: Ronak Bora

Automotive sunroof market size is estimated to be valued at USD 9.76 billion by 2022; as per a new research report by Global Market ...