Chlorinated Paraffin Market: Shift of Production to Long-Chain Chlorinated Paraffins

Chlorinated Paraffin Market was valued at USD 1.83 Billion in 2021, and is expected to reach USD 2.80 Billion by 2029, exhibiting a CAGR of 5.45 % during the forecast period (2022-2029) Chlorinated paraffins are colorless or yellowish, viscous, dense oils, except for the chlorinated paraffins of long carbon chain length with high chlorine content (about 70%), which are solid. These offer advantages such as flame retardancy and low-temperature strength, and increase the flexibility of the materials. Chlorinated paraffins are used as extreme pressure additives as metalworking lubricants or cutting oils, owing to their compatibility with oils, viscous nature, and property of emancipating hydrochloric acid at high temperatures. They improve the resistance to water and chemicals, which is most suitable when they are used in marine paints, as coatings for industrial flooring, vessels, and swimming pools. These factors are expected to drive the growth of chlorinated paraffin market. Medium-chain chlorinated paraffin is expected to maintain its dominance in the global chlorinated paraffin market during the forecast period. This is attributed to its use as substitute to short-chain chlorinated paraffins in many applications. However, short-chain chlorinated paraffin is estimated to hold one-fourth of the market share in AsiaPacific due to lack of regulations to prohibit its use. Metalworking fluids and lubricating additives applications cumulatively dominated the global chlorinated paraffin market, with more than half share in terms of volume in 2021. Increase in demand for flame retardant properties across various end-use industries such as automotive and aerospace is anticipated to drive the chlorinated paraffin market during the analysis period. The demand for medium-chain and long-chain chlorinated paraffins in applications, such as metalworking fluids and additives, is relatively high. A shift of manufacturing base from developed regions to Asia-Pacific region is expected in the near future. This is mainly attributed to absence of stringent regulations in this region. Global Chlorinated Paraffin Market To know about the Research Methodology :- Request Free Sample Report

Chlorinated Paraffin Market Dynamics

Expansion of PVC industry to drive the growth of chlorinated paraffin market Chlorinated paraffins are used as fire retardants and secondary plasticizers, which are used as an alternative to primary plasticizers (phthalates). Chlorinated paraffin is added to PVC to improve its flame retardancy while maintaining the low-temperature properties such as strength of plastic. Growth in the global PVC industry is expected to boost the demand for chlorinated paraffin during the forecast period. Moreover, technological advances coupled with escalating demand for products with PVC content, such as sheets, tubes, pipes, wires, and cables globally, are expected to drive the growth of chlorinated paraffin market over the forecast period. With the rapid development in the plastic sector in Asia-Pacific, especially in China, the demand for flame retarding agents and plasticizers has increased notably. Major plasticizers such as dibutyl phthalate (DBP) and dioctylphthalate (DOP) have high prices due to unstable supply of raw materials, and hence do not meet the requirements in the plastic sector. Thus, the demand for low-priced chlorinated paraffin is expected to increase, further driving the chlorinated paraffin market during the forecast period. Chlorinated Paraffin Market 1Shift of production to long-chain chlorinated paraffins to drive the growth of chlorinated paraffin market Short-chain chlorinated paraffins are used in wide range of applications such as plasticizers in plastics, extreme pressure additives in metalworking fluids, and flame retardants and additives in paints. However, these paraffins are subject to regulations at both national and international levels due to their chemical properties and adverse effects on the environment. Several actions have been initiated to restrict and ban the production and consumption of shortchain chlorinated paraffins. This has led to research for use of medium- and long-chain chlorinated paraffins as substitutes to short-chain chlorinated paraffins. In addition, medium- and long-chain chlorinate paraffins do not have any alternatives in certain applications till date. Though these types are also under risk assessment, they are expected to provide lucrative growth opportunities to manufacturers in the chlorinated paraffin market during the forecast period. Environmental concerns coupled with stringent regulations to restrain the chlorinated paraffin market growth Short-chain chlorinated paraffins are considered toxic, bioaccumulative, and persistent; thus, the EPA is conducting a risk assessment for chlorinated paraffin. As part of the settlement, companies producing chlorinated paraffins have agreed to cease their production and import of in the U.S. In addition, they have agreed to submit pre-manufacture notices of other forms of chlorinated paraffins to EPA for review, which are also expected to be considered for risk assessment. The above mentioned factor is expected to restrain the chlorinated paraffin market growth during the forecast period. Availability of substitutes a competition for chlorinated paraffin Chlorinated paraffins are continuously reviewed for risk assessment, and hence the possibility of ceasing their production has increased. This has led to the increase in need for development of an alternative for chlorinated paraffin in these applications. Companies have developed alternatives that are biodegradable, offer ease of disposal, and are free of stringent regulations. These alternatives include chlorinated fatty esters and acids, boundary ester lubricants, hydrogen phosphites, and nitrogen containing compounds. Modern metalworking processes require advanced lubricant technology; however, the performance of chlorinated paraffin decreases with increasing machining speed or temperature due to chemical decomposition. It is therefore possible to adjust the characteristics of metalworking fluids by combining suitable lubricant additives to meet the specific demands of the processes and to even exceed the performance of chlorinated paraffins. Hence, advancements in substitutes to chlorinated paraffin are expected to hamper the growth of chlorinated paraffin market.

Chlorinated Paraffin Market Segment Analysis

The global chlorinated paraffin market is segmented based on product type as short-, medium-, and long-chain chlorinated paraffins. Each product type is further classified based on its chlorine content as less than 40%, 40–70%, and more than 70%. The long-chain chlorinated paraffin segment dominated the chlorinated paraffin market in 2021 and is expected to witness the highest CAGR, in terms of value and volume, during the forecast period. Long-chain chlorinated paraffins are used as extreme-pressure additives to metal machining fluids, pastes, emulsions, and lubricants. Chlorinated paraffins with long-chain and more than 70% chlorine content are used in metalworking industry as they possess flame retardant properties. Medium-chain chlorinated paraffins held a significant share in the chlorinated paraffin market in 2021. Medium-chain chlorinated paraffins are often used to substitute short-chain chlorinated paraffins, as short-chain chlorinated paraffin is banned in some countries. Medium-chain chlorinated paraffins are used in exceptional cases as ingredients of cooling lubricant oils, owing to the costly disposal and rejection of the customers due to health, safety, and environmental reasons. Short-chain chlorinated paraffins is expected to grow at a significant CAGR during the forecast period. Short-chain chlorinated paraffins are widely used as lubricants and coolants in metal cutting and metal forming operations, and as secondary plasticizers and flame retardants in plastics. They are bioaccumulative, persistent, and toxic to aquatic organisms at low concentrations. They can remain in the environment for a substantial amount of time and can bioaccumulate in animal tissues, thus increasing the probability and duration of exposure, leading to adverse effects on the environment. Chlorinated Paraffin Market 2

Chlorinated Paraffin Market Regional Insights

Asia Pacific held the largest share of the global chlorinated paraffin market in 2021. The region constituted more than 58% share of the global chlorinated paraffins in 2021. Easy availability of raw materials, moderate growth in the metalworking industry, and economical cost of chlorinated paraffins have boosted the chlorinated paraffin market in the region. Asia Pacific is also likely to be the fastest-growing regional market for chlorinated paraffins during the forecast period. Increasing demand for PVC compounds and metalworking fluids, primarily due to rapid surge in the plastic and metalworking industries, respectively, in China, India and ASEAN countries, is expected to drive the demand for chlorinated paraffins in the region in the next few years. However, the chlorinated paraffin market is expected to witness low growth in developed regions owing to rising environmental and health concerns associated with chlorinated paraffins. Middle East & Africa is estimated to witness moderate growth during the forecast period. Factors such as presence of better substitutes and modest growth in downstream industries are affecting growth of the chlorinated paraffin market in the region. The chlorinated paraffin market in South America is expected to expand modestly, owing to supply constraints from North America and moderate-to high-growth in the plastic and metalworking industries over the forecast period. In North America, chlorinated paraffins have received a bit of consideration from the U.S authorities in the past. However, EPA has placed short chain chlorinated paraffins in a short list of troublesome chemicals that the agency might regulate owing to the risks they pose to the wildlife and environment. Moreover, many governments in the Europe have already restricted the use of short chain chlorinated paraffin.

Global Chlorinated Paraffin Market Scope: Inquiry Before Buying

Global Chlorinated Paraffin Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2029
Historical Data: 2017 to 2021 Market Size in 2021: US 1.83 Bn.
Forecast Period 2022 to 2029 CAGR: 5.45 % Market Size in 2029: US 2.80 Bn.
Segments Covered: by Product • Short Chain • Medium Chain • Long Chain
by Application • Lubricating Additives • Plastics • Rubber • Paints • Metal Working Fluids • Adhesives
by Region • North America • Europe • Asia Pacific • South America • MEA

Global Chlorinated Paraffin Market Key Players

• Guangzhou Jiangyan Chemicals Co., Ltd. • Caffaro Industrie • Zhengzhou Saihang Chemicals Technology Co., Ltd. • Dover Chemical Corporation • Golden Dyechem • Handy Chemical Corporation, Inc. • KH Chemicals • Altair Chimica S.p.A. • Ajinomoto Fine-Techno Co. • Aditya Birla Chemicals • Chlorpras • LEUNA Tenside GmbH • NCP Chlorchem • KLJ Group • Qualice, LLC • Qumica del Cinca • United Group, Makwell Group • Inovyn Chlorvinyls Ltd. • Ineos Frequently Asked Questions: 1] What is the growth rate of the Global Chlorinated Paraffin Market? Ans. The Global Chlorinated Paraffin Market is growing at a significant rate of 5.45% during the forecast period. 2] Which region is expected to have the highest growth rate in the Global Chlorinated Paraffin Market? Ans. The Asia Pacific region is expected to hold the highest growth rate in the Chlorinated Paraffin Market during the forecast period. 3] What is the market size of the Global Chlorinated Paraffin Market by 2029? Ans. The market size of the Chlorinated Paraffin Market by 2029 is expected to reach USD 2.80 Bn. 4] What are the major key players of the Global Chlorinated Paraffin Market? Ans. The major key players of the Global Chlorinated Paraffin Market are Guangzhou Jiangyan Chemicals Co., Ltd., Caffaro Industrie, Zhengzhou Saihang Chemicals Technology Co., Ltd., Dover Chemical Corporation, and Golden Dyechem. 5] What factors are driving the growth of the Global Chlorinated Paraffin Market in 2021? Ans. Rising demand for chlorinated paraffin from various applications such as lubricating additives, plastics, rubber, paints, metal working fluids, and adhesives is the major factor expected to drive the Global Chlorinated Paraffin Market during the forecast period.
1. Global Chlorinated Paraffin Market Size: Research Methodology 2. Global Chlorinated Paraffin Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Chlorinated Paraffin Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Chlorinated Paraffin Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12. COVID-19 Impact 4. Global Chlorinated Paraffin Market Size Segmentation 4.1. Global Chlorinated Paraffin Market Size, by Product (2021-2029) • Short Chain • Medium Chain • Long Chain 4.2. Global Chlorinated Paraffin Market Size, by Application (2021-2029) • Lubricating Additives • Plastics • Rubber • Paints • Metal Working Fluids • Adhesives 5. North America Chlorinated Paraffin Market (2021-2029) 5.1. North America Chlorinated Paraffin Market Size, by Product (2021-2029) • Short Chain • Medium Chain • Long Chain 5.2. North America Chlorinated Paraffin Market Size, by Application (2021-2029) • Lubricating Additives • Plastics • Rubber • Paints • Metal Working Fluids • Adhesives 5.3. North America Chlorinated Paraffin Market, by Country (2021-2029) • United States • Canada • Mexico 6. Europe Chlorinated Paraffin Market (2021-2029) 6.1. Europe Chlorinated Paraffin Market, by Product (2021-2029) 6.2. Europe Chlorinated Paraffin Market, by Application (2021-2029) 6.3. Europe Chlorinated Paraffin Market, by Country (2021-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest of Europe 7. Asia Pacific Chlorinated Paraffin Market (2021-2029) 7.1. Asia Pacific Chlorinated Paraffin Market, by Product (2021-2029) 7.2. Asia Pacific Chlorinated Paraffin Market, by Application (2021-2029) 7.3. Asia Pacific Chlorinated Paraffin Market, by Country (2021-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest of APAC 8. Middle East and Africa Chlorinated Paraffin Market (2021-2029) 8.1. Middle East and Africa Chlorinated Paraffin Market, by Product (2021-2029) 8.2. Middle East and Africa Chlorinated Paraffin Market, by Application (2021-2029) 8.3. Middle East and Africa Chlorinated Paraffin Market, by Country (2021-2029) • South Africa • GCC • Egypt • Nigeria • Rest of ME&A 9. South America Chlorinated Paraffin Market (2021-2029) 9.1. South America Chlorinated Paraffin Market, by Product (2021-2029) 9.2. South America Chlorinated Paraffin Market, by Application (2021-2029) 9.3. South America Chlorinated Paraffin Market, by Country (2021-2029) • Brazil • Argentina • Rest of South America 10. Company Profile: Key players 10.1. Guangzhou Jiangyan Chemicals Co., Ltd. 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Caffaro Industrie 10.3. Zhengzhou Saihang Chemicals Technology Co., Ltd. 10.4. Dover Chemical Corporation 10.5. Golden Dyechem 10.6. Handy Chemical Corporation, Inc. 10.7. KH Chemicals 10.8. Altair Chimica S.p.A. 10.9. Ajinomoto Fine-Techno Co. 10.10. Aditya Birla Chemicals 10.11. Chlorpras 10.12. LEUNA Tenside GmbH 10.13. NCP Chlorchem 10.14. KLJ Group 10.15. Qualice, LLC 10.16. Qumica del Cinca 10.17. United Group, Makwell Group 10.18. Inovyn Chlorvinyls Ltd. 10.19. Ineos

About This Report

Report ID 168799
Category Material & Chemical
Published Date Dec 2022
Updated Date
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