The global chlorinated paraffin market was valued at $1,902 million in 2015 and is expected to reach $2,426 million by 2022, registering a CAGR of 3.5% during the forecast period. Chlorinated paraffin is defined as a complex mixture of polychlorinated n-alkanes. It is produced by the synthesis of chlorine gas with paraffin fractions at a temperature of about 100°C. The residues of chlorine and hydrochloric acid are removed using nitrogen upon attainment of the desired degree of chlorination. Glycidyl ether, epoxidized vegetable oil, or organophosphorous compounds is added to the final product for enhanced stability at high temperatures. China is the largest producer of chlorinated paraffins. It is used in a wide range of industrial applications, such as flame retardants, plasticizers, metal working fluids, adhesives, coatings, and others.
The manufacturing cost of chlorinated paraffins is low, which in turn is expected to fuel its demand in applications, such as paints & coatings, plastic, and lubricating additives. Moreover, increase in demand for metalworking fluids in industrial applications is expected to boost the demand for chlorinated paraffin in the near future. Easy availability of raw materials is expected to fuel the demand for chlorinate paraffin in the Asia-Pacific region. However, availability of substitutes in various applications is one of the key restraints for the market growth. In addition, stringent government regulations pertaining to the use of chlorinated paraffins and the anticipated ban on some grades in certain applications are expected to hamper the market growth in the near future.
The report segments the global chlorinated paraffin market based on product type, application, and geography. Based on product type, the market is segmented into short-chain, medium-chain, and long-chain. The application areas of the industry are broadly classified into lubricating additives, plastics, rubber, paints, metal working fluids, and adhesives. The market is analyzed based on four regions, namely North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is expected to dominate the global chlorinated paraffin market until 2022.
The prominent players in the global chlorinated paraffin market have strategically focused on product launches as their key strategy to gain significant share in the market.
The key players profiled in the report are
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Other players in the value chain, include
*Profiles of these players are not included in the report, but can be included on request.
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