What is Global Chlorinated Paraffins Market?
The Global Chlorinated Paraffins Market is a vast and complex entity that encompasses a wide range of products and applications. Chlorinated paraffins, also known as chlorinated hydrocarbons, are a group of synthetic compounds that are produced by chlorination of paraffin fractions obtained from petroleum distillation. These are classified according to their carbon chain length coupled with the percentage of chlorination, resulting in a wide range of products with varying properties and uses. The global market for these compounds is substantial, with a value of US$ 1553 million in 2022. The market is expected to grow steadily, reaching an estimated value of US$ 1678.2 million by 2029.
CP-42, CP-52, CP-70, Others in the Global Chlorinated Paraffins Market:
The Global Chlorinated Paraffins Market is segmented based on the carbon chain lengths of the paraffins: CP-42, CP-52, CP-70, and others. CP-42, or short-chain chlorinated paraffins, are used primarily as high pressure lubricants and PVC plasticizers. CP-52, or medium-chain chlorinated paraffins, are used in applications such as flame retardants for rubber and soft plastics, and as plasticizers for PVC. CP-70, or long-chain chlorinated paraffins, are used in metalworking fluids, lubricants, and as extreme pressure additives in lubricants. The "others" category includes various other types of chlorinated paraffins with different carbon chain lengths and degrees of chlorination. Each of these types has its own unique set of properties and applications, contributing to the diversity and versatility of the global chlorinated paraffins market.
Paints & coatings, Rubber industry, Manufacturing, Textile, Leather Industry, Others in the Global Chlorinated Paraffins Market:
Chlorinated paraffins have a wide range of uses in various industries. In the paints and coatings industry, they are used as plasticizers and flame retardants. In the rubber industry, they are used as flame retardants and as additives to improve the properties of rubber products. In manufacturing, they are used as cutting fluids, lubricants, and coolants. In the textile industry, they are used as flame retardants and as softening agents. In the leather industry, they are used as fatliquoring agents and as waterproofing agents. In other industries, they are used in a variety of applications, from sealants and adhesives to plasticizers and flame retardants. The versatility and wide range of applications of chlorinated paraffins contribute to their significant presence in the global market.
Global Chlorinated Paraffins Market Outlook:
The global Chlorinated Paraffins market, valued at US$ 1553 million in 2022, is projected to reach a value of US$ 1678.2 million by 2029, growing at a CAGR of 1.1% during the forecast period of 2023-2029. China holds the largest share of this market, accounting for approximately 50% of the total market. Europe follows China, holding about 18% of the market share. The top three companies in the market collectively hold about 20% of the total market share. This data provides a snapshot of the current state of the global Chlorinated Paraffins market and gives an indication of its potential future growth.
| Report Metric | Details |
| Report Name | Chlorinated Paraffins Market |
| Accounted market size in 2023 | US$ 1553 million |
| Forecasted market size in 2030 | US$ 1678.2 million |
| CAGR | 1.1% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| 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 |
