What is Global Chlorinated Paraffin Market?
The Global Chlorinated Paraffin Market is a vast and complex entity that encompasses a wide range of products and applications. Chlorinated paraffin, also known as chlorinated hydrocarbon, is a chemical compound that is used in a variety of industries due to its flame retardant properties, among other things. The market for this versatile compound is truly global, with demand stemming from various corners of the world. The market's value was estimated to be US$ 1553 million in 2022, and it is projected to grow steadily over the coming years.
CP-42, CP-52, CP-70, Others in the Global Chlorinated Paraffin Market:
Diving deeper into the Global Chlorinated Paraffin Market, we find that it is segmented based on the type of chlorinated paraffin. These types include CP-42, CP-52, CP-70, and others. CP-52 is the most dominant segment, accounting for over 75% of the market. Each type of chlorinated paraffin has its own unique properties and uses, which contributes to the overall diversity and complexity of the market. For instance, CP-42 is commonly used in the rubber industry, while CP-70 is popular in the manufacturing sector. The "others" category includes a variety of chlorinated paraffins that are used in niche applications.
Paints and coatings, Rubber industry, Manufacturing, Textile, Leather Industry, Others in the Global Chlorinated Paraffin Market:
The Global Chlorinated Paraffin Market finds its applications in a number of areas. These include paints and coatings, the rubber industry, manufacturing, textiles, the leather industry, and others. In the paints and coatings industry, chlorinated paraffin is used as a plasticizer and flame retardant. In the rubber industry, it is used to improve the flexibility and flame resistance of rubber products. In manufacturing, it is used in the production of a wide range of products, from electrical cables to flooring materials. In the textile industry, it is used to make textiles more resistant to fire. In the leather industry, it is used in the production of leather goods. The "others" category includes a variety of other applications, such as in the production of PVC compounds and sealants.
Global Chlorinated Paraffin Market Outlook:
To rephrase the market outlook for the Global Chlorinated Paraffin Market, it can be said that the market was worth US$ 1553 million in 2022 and is expected to grow to US$ 1678.2 million by 2029. This represents a compound annual growth rate (CAGR) of 1.1% during the forecast period from 2023 to 2029. The market is dominated by the top three manufacturers, who collectively hold a market share of nearly 20%. In terms of product type, CP-52 is the most popular, accounting for over 75% of the market.
| Report Metric | Details |
| Report Name | Chlorinated Paraffin Market |
| Accounted market size in 2022 | US$ 1553 in million |
| Forecasted market size in 2029 | US$ 1678.2 million |
| CAGR | 1.1% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | INOVYN (INEOS), Danyang Auxiliary Chemical, Dover Chemical Corporation, KLJ Group, Huaxia Chemical Factory, LEUNA-Tenside GmbH, OCEANKING, SLG Group, Jiweize Chemical, LUXI, East Huge Dragon Chemical, Xinwei, Jiangyan Chemical, Caffaro Industrie S.p.A., Fuyang Jingcheng Chemical, Quimica del Cinca, Aditya Birla, Wenxian Sanxing Chemical, Jiaozuo Houji Chemical, Lvbang Fine Chemical |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
