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Chlorinated Paraffin Market

The global chlorinated paraffin market is estimated to expand at a CAGR of 3.1% during the forecast period of 2022 to 2030, reaching $2.5 billion by 2030. Synthesis of chlorinated Paraffin at 100°C combines chlorine gas with paraffin fractions. After the required level of chlorination, chlorine and hydrochloric acid are removed with nitrogen. Glycidyl ether, epoxidized vegetable oil, or organophosphorus compounds may be added for high-temperature stability. China produces the most chlorinated paraffin. It’s used in flame retardants, plasticizers, metalworking fluids, adhesives, and coatings. Growing demand for flame retardants and PVC compounds in the Asia Pacific and Latin America will drive the chlorinated Paraffin market during the forecast period. The availability of substitutes in many applications hinders the market’s growth. In addition, strict government regulations regarding the use of chlorinated Paraffin and the anticipated prohibition of certain grades in certain applications may hinder the future market growth. 

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Low production costs fuel the demand for chlorinated Paraffin in paints and coatings, polymers, and lubricant additives. The future demand for metalworking fluids in industrial applications is expected to enhance chlorinated paraffin consumption. In Asia-Pacific, raw material availability will drive chlorinate paraffin demand. The expansion of the flame retardant business will raise demand for chlorinated Paraffin. New environmental legislation, end-user safety regulations, and tighter fire-safety standards in industrialized nations like North America and Europe may boost the need for flame retardants. Because of this, the chlorinated Paraffin industry will likely rise. Due to the surge in e-commerce throughout the pandemic, people learned more about internet buying. This increased demand for chlorinated paraffin used in packaging. Rising flame retardant use in a range of end-user domains will drive market growth. All of this is due to fire safety laws in the U.S., Germany, Singapore, Australia, and Japan. This includes NFPA 255, NFPA 220, NFPA 703, and CFPA. From 2017 to 2024, these factors will raise market demand. 

In 2021 medium-chain chlorinated Paraffin market dominated globally in terms of market revenues. This grade is used as a plasticizer in the synthetic rubber production sector due to its stability, compatibility, and nonflammability. The M-chain carbon chain has 14 to 17 carbon atoms and 40 to 70% chlorine. Extrusion resistance, low volatility, chemical stability, non-toxicity, and moisture proofing are product highlights. These qualities, together with the product’s non-toxicity, make it appropriate as an addition for lubricants and metal working fluids in production. Because M grade is cheaper than other grades, it’s utilized in commercial paints, sealants, and adhesives. This will boost chlorinated paraffin’s market share in the following few years. 

Metalworking fluids made for more than 35% of the chlorinated Paraffin application market in 2021 in terms of revenue. In metal cutting, chlorinated Paraffin is used as a high-pressure lubricant. Because Paraffin is a flame retardant and lubricant, they are used in metalworking. In 2021, “plastic additives” was the second-largest use for chlorinated Paraffin. From 2022 to 2030, this application category is expected to have the greatest CAGR in the chlorinated Paraffin market. Over the projected period, demand for chlorinated Paraffin will rise due to a growth in PVC compounds in a range of end-user sectors. 

In 2021, Asia-Pacific had the most chlorinated paraffin market revenue. In 2021, the region accounted for more than 55% of chlorinated Paraffin’s global revenue. The region’s chlorinated Paraffin market has grown due to the easy availability of raw materials, moderate growth in the metalworking industry, and low cost. During this period, the Asia-Pacific chlorinated Paraffin market is expected to develop the most. Textile and manufacturing sectors are expanding due to more personal income and better monetary conditions. In turn, this drives the market growth. China and India are expected to produce more chlorinated paraffin. In turn, this will affect product demand in those regions. A big population and a number of emerging countries in this region continue to boost the chlorinated paraffin market, leading to an increase in chlorinated paraffin-containing product consumption. 

The market for chlorinated Paraffin will grow moderately in industrialized nations due to environmental and health considerations. The Middle East and Africa should see an about average growth rate for the time in question. The growth of the chlorinated Paraffin market in the region is restricted by superior alternatives and poor downstream sector growth. The chlorinated Paraffin market in Latin America should grow slowly over the next few years. Due to a restricted supply of chlorinated Paraffin from North America and moderate to high development in the plastics and metalworking sectors. 

Top companies adopted product launches and strategic partnerships as their key business strategy. 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 are global leaders in chlorinated paraffin. Others include Ajinomoto Fine-Techno Co., Inc., United Group, NCP Chlorchem, Makwell Group, KLJ Group, Qualice, LLC, Flow Tech Group of Industries, and Dalian JX Chem-Industrial Corp.

Key Market Trends

  • The global chlorinated paraffin market is estimated to expand at a CAGR of 3.1% during the forecast period of 2022 to 2030, reaching $2.5 billion by 2030.
  • In 2021 medium-chain chlorinated Paraffin market dominated globally in terms of market revenues.
  • Metalworking fluids made for more than 35% of the chlorinated Paraffin application market in 2021 in terms of revenue.
  • In 2021, “plastic additives” was the second-largest use for chlorinated Paraffin. From 2022 to 2030, this application category is expected to have the greatest CAGR in the chlorinated Paraffin market.
  • In 2021, Asia-Pacific had the most chlorinated paraffin market revenue. In 2021, the region accounted for more than 55% of chlorinated Paraffin’s global revenue.
  • The market for chlorinated Paraffin will grow moderately in industrialized nations due to environmental and health considerations.
  • Top companies adopted product launches and strategic partnerships as their key business strategy.
  • 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 are global leaders in chlorinated paraffin.

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