Global Chlorinated Paraffins Market to Grow at a CAGR of around 4% During 2016 and 2020

This market research report presents a detailed segmentation of the global chlorinated paraffins market by end user (plasticizer and PVC, metalworking fluids, paints and coatings, rubber, and others) and by geography (APAC, Europe, North America, and ROW). The leading vendors in this market are Ajinomoto Fine-Techno, Caffaro Industrie, Dover Chemical, INOVYN ChlorVinyls, and JSC Kaustik.

Market research analysts estimate the global chlorinated paraffins market to grow at a CAGR of around 4% between 2016 and 2020. Medium-chain paraffins are the most-consumed chlorinated paraffins, owing to their demand as secondary plasticizers in PVC compounding, which is the biggest end-user segment. Due to the augmented growth of the PVC industry, the demand for chlorinated paraffins has been growing substantially. Technological advances and the rising demand for products with PVC content like tubes, sheets and files, pipes, wires and cables in the APAC region will drive the prospects for growth in the paraffin industry. APAC is expected to be the leading region in the global chlorinated paraffins market, owing to the high demand for small- and medium-chain chlorinated paraffins in the region.

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The new market research report provides a breakdown and analysis of the paraffins segments by technology.

“In a bid to restrict manufacturing costs, many automotive manufacturing companies have started shifting their operations to Eastern Europe. Countries like the Czech Republic, Hungary, and Slovakia are creating new markets for metalworking fluids suppliers. This has led to new opportunities and rising demand for chlorinated paraffins in the metalworking fluids market. Also, the extensive use of paraffins for applications like fabrication of aluminum, titanium, and other metals and alloys is also expected to foster the prospects for growth in this market during the forecast period,” according to the report.

The plasticizer and PVC segment dominates the global chlorinated paraffins market and is expected to use close to 2 million metric tons of paraffins by the end of the forecast period. In this segment, chlorinated paraffins are used in place of phthalates to manufacture soft PVC. The demand for all types of PVC products is expected to grow especially in the APAC region and Eastern Europe due to infrastructure and construction-related activities.

The leading vendors in the global chlorinated paraffins market are Ajinomoto Fine-Techno, Caffaro Industrie, Dover Chemical, INOVYN ChlorVinyls, and JSC Kaustik. Though chlorinated paraffins manufacturers in North America and Europe are bound by stringent environmental regulations with regard to manufacturing as well as use, the developing countries are not subjected to the same restrictions on manufacturing and exporting chlorinated paraffins and related products.

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