Chlorinated Paraffin Market Analysis Size, Growth rate and Overview:
The Chlorinated Paraffin Market was valued at USD 1,850 million in 2017 and is
expected to reach almost USD 2,260 million by the end of 2022, growing at a
CAGR of around 3.2% over the predicted period. Chlorinated paraffin is produced by
the synthesis of unbranched paraffin fractions of chlorine gas in a temperature
range of about 80 to 100 °C. Chlorinated paraffins are used as secondary
plasticizers for polyvinyl chloride (PVC) and should be replaced by Primary
plasticizers such as phthalates and phosphate esters. This paraffin offers
advantages such as fire resistance and low temperature resistance, as well as
the flexibility of the materials.
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Chlorinated Paraffin Market Key Drivers, Challenges, and Opportunities:
Chlorinated paraffin is added to PVC to improve its flame resistance
while maintaining properties at low temperature, such as plastic strength. It
is expected that the increase in the global PVC industry will stimulate the
growth of the chlorinated paraffin market in the near future. In addition, it
is expected that the technological advances associated with the growing demand
for products containing PVC, such as sheet metal, pipe, tube, wire and cable,
will increase the demand for this market during the foreseen period. The growth
of the global chlorinated paraffin market is characterized by many
opportunities for market participants, thanks to disposable income and the
rapid growth of the global economy.
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Chlorinated Paraffin Market – Regional Presence:
Globally, the
market is spread across the regions of North America, Europe, Middle East and
Africa, Asia Pacific and Latin America. It is expected to increase the
consumption of chlorinated paraffin in Asia, supported by the growth of the
population in the region, the development of the automotive and mechanical
industries and stable economic growth. Emerging markets such as China and India
are expected to register the largest increase in demand for chlorinated
paraffin during the forecast period. The substantial development of the
application of lubricant additives should stimulate the market demand in this
region.
Some of the Key Players Profiled
in this Chlorinated Paraffin Market Report are:
INOVYN, Altair
Chimica SpA, INEOS Chlor, Caffaro Industrie S.p.A., Quimica del Cinca, S.A.,
LEUNA-Tenside GmbH, Dover Chemical Corporation, Handy Chemical Corporation
Ltd., and Aditya Birla Chemicals.
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Research Cosmos
www.researchcosmos.com
+1 888 709 8757
https://marketreportsweb.com/
https://acutemarketinsights.com/
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