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Chlorinated Paraffin Market: By Product Type, By Application and Geography
Chlorinated Paraffin Market: By Product Type, By Application and Geography
Chlorinated Paraffin Market was valued at US$ 1,730.5 million in 2022 and is poised to grow at a CAGR of 5.5% over 2023-2029. Chlorinated paraffin is an intricate mixture of polychlorinated n-alkanes (paraffin wax) that are used as a plasticizer and flame retardant. The increased use of chlorinated paraffin in various industries such as plastics, rubber, paints, lubricants, metalworking fluids, and textile drives the chlorinated paraffin market. Furthermore, sustainable and environmentally friendly products have grown more and more popular across industries. The creation of bio-based or greener substitutes for conventional chlorinated paraffin offers businesses the opportunity to reach a more ecologically aware market segment. For instance, in January 2022, Altair Chimica adopted a modern and green approach for the installation and start-up of a fourth reactor for the production of chlorinated paraffin ESSEBIOCHLOR, which is heralded as the company’s new frontier in ‘eco-bio’ chlorinated paraffin, maximizing innovation, biodegradability, and environmental sustainability. Moreover, chlorinated paraffin is more in demand as a result of regulatory constraints tightened or being phased out for some alternative compounds that are anticipated to propel market growth. But chlorinated paraffin has come under criticism because of possible negative effects on the environment and human health. In accordance with international accords like the Stockholm Convention, some variations with a high chlorine content are categorized as Persistent Organic Pollutants (POPs) that are anticipated to hinder market growth. However, technological advances coupled with escalating demand for products with PVC content, urbanization, and increased investment by key players are anticipated to increase the market growth over the forecasted years.
Study Period
2024-2030Base Year
2023CAGR
5.50%Largest Market
Asia PacificFastest Growing Market
Asia Pacific
The market is expected to rise owing to the extensive use of medium-chain chlorinated paraffin. Medium-chain chlorinated paraffin is thought to establish a balance between short-chain and long-chain chlorinated paraffin in terms of characteristics and environmental issues. They typically have carbon chain lengths ranging from C14 to C17. In numerous applications across sectors, medium-chain chlorinated paraffin has found extensive use as a plasticizer, flame retardant, and lubricant. They provide a strong mix between environmental concerns and performance features, which has aided in the market dominance and are anticipated to burgeon the growth of the chlorinated paraffin market over the forecast years.
The chlorinated paraffin market has been segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The Asia Pacific chlorinated paraffin market has expanded at 5.8% CAGR over the historic years, and is poised to grow at 6.0% CAGR over the forecast period owing rising demand for flame retardants and PVC compounds, which is anticipated to surge the demand for chlorinated paraffin in the region. Moreover, it is anticipated that the expansion of the Asia-Pacific chlorinated paraffin market would be positively impacted by rising industrialization in populous nations like China and India as well as rising demand from the plastic and metalworking industries during the forecast period. China dominates the Asia Pacific region and is projected to grow at 6.1% CAGR over 2023 - 2029.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2022 |
US$ 1,730.5 million |
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Market CAGR |
5.50% |
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By Product Type |
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By Application |
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By Region |
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The chlorinated paraffin market valued at US$ 1,730.5 Million in 2022 and is expected to grow at 5.5% CAGR over the forecast period 2023 – 2029.
INOVYN, Dover Chemical Corporation, NCP Chlorchem, Caffaro Industrie S.p.A., Leuna Tenside GmbH, Química del Cinca, Aditya Birla Chemicals, Altair Chimica SpA, JSC Kaustik, Ajinomoto Fine-Techno Co., Inc., KLJ Group, Makwell Group, United Group Inc., INEOS Chlor, Flow-Tech Group of Industries, Ajanta Group, Hangzhou Fuyang Jingcheng Chemical Co., Ltd., NCP Alcohols, Jiangsu Hongyu Chemical Co., Ltd., and Danyang Auxiliary Chemical Co., Ltd are a few companies in the chlorinated paraffin market.
The increased use of chlorinated paraffin in various industries such as plastics, rubber, paints, lubricants, metalworking fluids, and textiles drives the chlorinated paraffin market.
| 1.Executive Summary |
| 2.Global Chlorinated Paraffin Market Introduction |
| 2.1.Global Chlorinated Paraffin Market - Taxonomy |
| 2.2.Global Chlorinated Paraffin Market - Definitions |
| 2.2.1.Product Type |
| 2.2.2.Application |
| 2.2.3.Region |
| 3.Global Chlorinated Paraffin Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Chlorinated Paraffin Market Analysis, 2018 - 2022 and Forecast 2023 - 2029 |
| 4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Chlorinated Paraffin Market By Product Type , 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 5.1. Short Chain |
| 5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Medium Chain |
| 5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Long Chain |
| 5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 6.Global Chlorinated Paraffin Market By Application, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 6.1. Lubricating Additives |
| 6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Plastics |
| 6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Rubber |
| 6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Paints |
| 6.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Metal Working Fluids |
| 6.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Adhesives |
| 6.6.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 7.Global Chlorinated Paraffin Market By Region, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia Pacific (APAC) |
| 7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Middle East and Africa (MEA) |
| 7.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Latin America |
| 7.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8.North America Chlorinated Paraffin Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 8.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1.Short Chain |
| 8.1.2.Medium Chain |
| 8.1.3.Long Chain |
| 8.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1.Lubricating Additives |
| 8.2.2.Plastics |
| 8.2.3.Rubber |
| 8.2.4.Paints |
| 8.2.5.Metal Working Fluids |
| 8.2.6.Adhesives |
| 8.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.3.1.United States of America (USA) |
| 8.3.2.Canada |
| 9.Europe Chlorinated Paraffin Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 9.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Short Chain |
| 9.1.2.Medium Chain |
| 9.1.3.Long Chain |
| 9.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Lubricating Additives |
| 9.2.2.Plastics |
| 9.2.3.Rubber |
| 9.2.4.Paints |
| 9.2.5.Metal Working Fluids |
| 9.2.6.Adhesives |
| 9.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Germany |
| 9.3.2.France |
| 9.3.3.Italy |
| 9.3.4.United Kingdom (UK) |
| 9.3.5.Spain |
| 9.3.6.Rest of EU |
| 9.3.7. |
| 10.Asia Pacific (APAC) Chlorinated Paraffin Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 10.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Short Chain |
| 10.1.2.Medium Chain |
| 10.1.3.Long Chain |
| 10.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Lubricating Additives |
| 10.2.2.Plastics |
| 10.2.3.Rubber |
| 10.2.4.Paints |
| 10.2.5.Metal Working Fluids |
| 10.2.6.Adhesives |
| 10.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.China |
| 10.3.2.India |
| 10.3.3.Australia and New Zealand (ANZ) |
| 10.3.4.Japan |
| 10.3.5.Rest of APAC |
| 11.Middle East and Africa (MEA) Chlorinated Paraffin Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 11.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Short Chain |
| 11.1.2.Medium Chain |
| 11.1.3.Long Chain |
| 11.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Lubricating Additives |
| 11.2.2.Plastics |
| 11.2.3.Rubber |
| 11.2.4.Paints |
| 11.2.5.Metal Working Fluids |
| 11.2.6.Adhesives |
| 11.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.GCC Countries |
| 11.3.2.South Africa |
| 11.3.3.Rest of MEA |
| 12.Latin America Chlorinated Paraffin Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 12.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Short Chain |
| 12.1.2.Medium Chain |
| 12.1.3.Long Chain |
| 12.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Lubricating Additives |
| 12.2.2.Plastics |
| 12.2.3.Rubber |
| 12.2.4.Paints |
| 12.2.5.Metal Working Fluids |
| 12.2.6.Adhesives |
| 12.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Brazil |
| 12.3.2.Mexico |
| 12.3.3.Rest of LA |
| 13. Competition Landscape |
| 13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 13.2.1.INOVYN |
| 13.2.2.Dover Chemical Corporation |
| 13.2.3.NCP Chlorchem |
| 13.2.4.Caffaro Industrie S.p.A. |
| 13.2.5.Leuna Tenside GmbH |
| 13.2.6.Química del Cinca |
| 13.2.7.Aditya Birla Chemicals |
| 13.2.8.Altair Chimica S.p.A |
| 13.2.9.JSC Kaustik |
| 13.2.10.Ajinomoto Fine-Techno Co., Inc. |
| 13.2.11.KLJ Group |
| 13.2.12.Makwell Group |
| 14. Research Methodology |
| 15. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.