Global Chlorinated Paraffin Wax Market, By Grade (Medium-chain Chlorinated Paraffin Wax, Long-chain Chlorinated Paraffin Wax), Application (Lubricating Additives, Plastic Additives, Rubber, Paints, Metalworking Fluids, Adhesives) – Industry Trends and Forecast to 2029
Market Analysis and Size
Chlorinated paraffin has gained immense popularity across various industries owing to its flame-retardant property. Flame retardants are known to play an important role in various applications, such as textiles, adhesives, elastomers, plastics, and adhesives.
Global chlorinated paraffin wax market was valued at USD 2.07 billion in 2021 and is expected to reach USD 3.02 billion by 2029, registering a CAGR of 4.87% during the forecast period of 2022-2029. Medium-chain Chlorinated Paraffin Wax accounts for the largest grade segment in the respective market owing to the high use as a plasticizer in the synthetic rubber processing sector. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Market Definition
Chlorinated paraffin refers to a complex mixture of polychlorinated n-alkanes that is produced by synthesis of chlorine gas along with paraffin fractions at 100°C. Nitrogen is used after attainment of the desired degree of chlorination to remove residues of chlorine and hydrochloric acid.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Grade (Medium-chain Chlorinated Paraffin Wax, Long-chain Chlorinated Paraffin Wax), Application (Lubricating Additives, Plastic Additives, Rubber, Paints, Metalworking Fluids, Adhesives)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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INOVYN (UK), INEOS (UK), Caffaro Industrie (Italy), DOVER CHEMICAL CORPORATION (US), Química del Cinca (Spain), Aditya Birla Chemicals (India) Limited (India), LEUNA-Tenside GmbH (Germany), KLJ Group (India), Flow Tech Group of Industries (India), Ajinomoto Fine-Techno Co.,Inc. (Japan), Makwell Plastisizers Private Limited. (India), JSC KAUSTIK (Russia), Panoli Intermediates India Private Limited. (India), Golden Dyechem (India), Shiva Group (India), Gurunanak Chemical Industries (India), and ARIHANT SOLVENTS AND CHEMICALS. (India), among others
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Market Opportunities
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Chlorinated Paraffin Wax Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Use for Various Fluids and Products
The increase in the use of chlorinated paraffin wax as an additive material in the production of various plastic products and working fluids acts as one of the major factors driving the growth of chlorinated paraffin wax market.
- Demand from Numerous Industries
The rise in the usage of chlorinated paraffin wax in several companies engaged in manufacturing of automobiles, equipment and machineries, and metal products, among others accelerate the market growth.
- Use of Flame Retardants
The increase in the use of flame retardants in myriad end-user domains such as such as electronics and appliances, paints and coatings, and building and construction, among others further influence the market. Also, the implementation of stringent regulations associated with the use of flame retardants in countries such as U.S., Germany, Australia, Japan and Singapore assists in the expansion of the market.
Additionally, the surge in investments, expansion of manufacturing industries, usage in consumer goods packaging and rapid industrialization positively affect the chlorinated paraffin wax market.
Opportunities
Furthermore, increased use in the formulation of metal cutting fluids extend profitable opportunities to the market players 2022 to 2029. Also, increase in demand for automobiles, building and construction materials, and plastic products will further expand the market.
Restraints/Challenges faced by the Chlorinated Paraffin Wax Market
On the other hand, environmental concerns and availability of substitutes in various applications are expected to obstruct the market growth. Also, fluctuating raw material prices and stringent government regulations are projected to challenge the chlorinated paraffin wax market in 2022-2029.
This chlorinated paraffin wax market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the chlorinated paraffin wax market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Chlorinated Paraffin Wax Market Scope
The chlorinated paraffin wax market is segmented on the basis of grade and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Grade
- Medium-chain Chlorinated Paraffin Wax
- Long-chain Chlorinated Paraffin Wax
Application
- Lubricating Additives
- Plastic Additives
- Rubber
- Paints
- Metalworking Fluids
- Adhesives
Chlorinated Paraffin Wax Market Regional Analysis/Insights
The chlorinated paraffin wax market is analyzed and market size insights and trends are provided by country, grade and application as referenced above.
The countries covered in the chlorinated paraffin wax market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific (APAC) dominates the chlorinated paraffin wax market because of the development in automotive and machinery industry and increasing application of lubricating additives within the region.
North America are expected to witness a steady rate during the forecast period of 2022 to 2029 due to the stringent regulations regarding the usage of short chain grade and rise in demand for bio based products in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Chlorinated Paraffin Wax Market Share Analysis
The chlorinated paraffin wax market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to chlorinated paraffin wax market.
Some of the major players operating in the chlorinated paraffin wax market are
- INOVYN (UK)
- INEOS (UK)
- Caffaro Industrie (Italy)
- DOVER CHEMICAL CORPORATION (US)
- Química del Cinca (Spain)
- Aditya Birla Chemicals (India) Limited (India)
- LEUNA-Tenside GmbH (Germany)
- KLJ Group (India)
- Flow Tech Group of Industries (India)
- Ajinomoto Fine-Techno Co.,Inc. (Japan)
- Makwell Plastisizers Private Limited. (India)
- JSC KAUSTIK (Russia)
- Panoli Intermediates India Private Limited. (India)
- Golden Dyechem (India)
- Shiva Group (India)
- Gurunanak Chemical Industries (India)
- ARIHANT SOLVENTS AND CHEMICALS. (India)
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