Market Dynamics
Introduction
Chlorinated paraffins (CPs) are a group of synthetic organic chemicals produced by chlorinating paraffin hydrocarbons. They are categorized based on their carbon chain length and chlorine content into three main types: short-chain (C10–C13), medium-chain (C14–C17), and long-chain (C18–C30) chlorinated paraffin.
Properties and Uses: Chlorinated paraffins possess desirable properties such as flame retardancy, low cost, and compatibility with other materials, making them useful as additives in various applications.
Market Drivers
- The growing manufacturing industry, rising demand for automobiles, building & construction materials.
- Increasing usage of flame retardants in various end-use domains and the growing plastic industry are some of the key factors expected to fuel the market growth over the forecast period.
Segment Analysis
By Grade Type
"Medium-chain grade type is estimated to dominate the market during the forecast period"
The market is segmented as small-chain grade, medium-chain grade, and long-chain-grade. Medium-chain grade type is estimated to dominate the market on account of its extensive utilization as a plasticizer in the synthetic rubber processing sector owing to various excellent features such as full-compatibility, good stability, and non-flammability.
On the other hand, long-chain grade is estimated to hold a prominent share of the market owing to its wide range of applications in various end-use industries such as paints & coatings, leather, and textiles.
By Application Type
"Metal working fluid is estimated to be the dominating application type in the market during the forecast period"
The market is segmented as lubricant additives, plastic additives, flame retardants, metal working fluids, and others. Metal working fluid is estimated to be the dominating application type in the market due to extensive utilization of the product in various manufacturing sectors such as automotive and aerospace, fueling the segment’s growth during the forecast period.
In addition, plastic additives are estimated to be the fastest-growing application type on account of high product consumption for producing PVC products, plastics, and other industrial products.
By End-User Type
"Rubber and manufacturing are estimated to register significant growth in the market during the forecast period"
The market is segmented as paints & coatings, rubber, manufacturing, textile, leather, and others. Rubber and manufacturing are estimated to register significant growth in the market during the forecast period.
This growth can be attributed to the growing usage of rubber and flame-retardant products in automobiles, building & construction activities, packaging, etc.
Regional Analysis
"Asia-Pacific is estimated to witness significant growth in the market during the forecast period"
Asia-Pacific is estimated to witness significant growth in the market during the forecast period owing to the growing textile and manufacturing sectors coupled with rising disposable income, with China and India being the major countries with lucrative growth opportunities in the regional market.
North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis.
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
- Market trend and forecast analysis.
- Market segment trend and forecast.
- Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
- COVID-19 impact and its recovery curve
- Attractive market segments and associated growth opportunities.
- Emerging trends.
- Strategic growth opportunities for the existing and new players.
- Key success factors.
Market Segmentation
This report studies the market covering 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.
The chlorinated paraffin market is segmented into the following categories:
By Grade Type
- Short-chain Grade
- Medium-chain Grade
- Long-chain Grade
By Application Type
- Lubricating Additives
- Plastic Additives
- Metal Working Fluids
- Flame Retardants
- Others
By End-User Type
- Paints & Coatings
- Rubber
- Manufacturing
- Textile
- Leather
- Others
By Region
- North America (Country Analysis: the USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and the Rest of Europe)
- Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and the Rest of Asia-Pacific)
- Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)
Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to 3 players)
- SWOT analysis of key players (up to 3 players)
Market Segmentation
- Current market segmentation of any one of the grades types by application type.
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.
