Global Chlorinated Paraffins Market 2017-2021

Overview of the global chlorinated paraffins market

Chlorinated paraffins are recognized as one of the major secondary plasticizers for PVC and can marginally replace primary plasticizers, such as phthalates and phosphate esters. Technavio’s market research report has identified growing use of chlorinated paraffins in PVC applications as one of the primary factors that will fuel the growth of the chlorinated paraffins market in the coming years. Chlorinated paraffins have unique properties such as increased material flexibility, increased flame retardancy, and low-temperature strength which makes it better than conventional plasticizers. Chlorinated paraffins finds its application in the PVC industry and is prefferd as PVC compounds in footwear, toys, wires, and cables, tubing pipes used for gardening, irrigation, and other industrial works. Our market research analysts estimate that this market will grow at a CAGR of around 5% by 2021.

The development of cost-effective flame retardants for polyethylene is identified to be one of the key trends contributing towards the growth of the chlorinated paraffins market. Chlorinated paraffins are used in production of flame retardants mine belts, rubber adhesives, fabrics, urethane foams, and caulks. Moreover, chlorinated paraffins can be used in collaboration with other flame retardant additives like magnesium hydroxide, antimony trioxide, and nanomers to produce flame retardant high-density polyethylene (HDPE) formulations, which has good physical properties. The widespread applications of chlorinated paraffins are driving the chlorinated paraffins flame retardant market.

Competitive landscape and key vendors

The chlorinated paraffins market is fragmented due to the presence of several regional and international players. To remain competitive in the chlorinated paraffins flame retardant market, the vendors focus extensively on technology, trait leadership, price, quality, and cost. Moreover, these players have wide consumer reach as they have huge geographical presence coupled with numerous production facilities across the world.

The leading vendors in the market are-

• Ajinomoto Fine-Techno
• Caffaro Industries
• Dover Chemical
• INEOS Group Holdings
• NIKOCHEM

The other prominent vendors in the market are Aditya Birla Chemicals, Altair Chimica, KLJ, Makwell Group, and Qualice.

Segmentation by application type and analysis of the chlorinated paraffins market

• Plasticizer/PVC
• Metalworking fluids
• Rubber
• Paints and coatings

During 2016, Plasticizer/PVC segment accounted for highest market shares of the chlorinated paraffins market. Chlorinated plasticizers are extensively used as secondary plasticizers in the production of soft PVC. It also finds its application in improvising the fluidity or plasticity of materials made of plastic and PVC.

Segmentation by geography and analysis of the chlorinated paraffins market

• APAC
• Europe
• North America
• ROW

APAC will be the major revenue contributor to the chlorinated paraffins market due to increasing demand for chlorinated paraffins from the metalworking and plastic industries. Factor such as growth of population in the region, stable economic growth, and growth of the automotive and machinery industries, and emerging economies such as China and India will contribute to the growth of the chlorinated paraffins flame retardant market.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global chlorinated paraffins market?
• What are the key market trends impacting the growth of the global chlorinated paraffins market?
• What are the challenges to global chlorinated paraffins market growth?
• Who are the key vendors in the market?
• What are the market opportunities and threats faced by the vendors in the global chlorinated paraffins market?
• Trending factors influencing the market shares of APAC, Europe, North America, and ROW.
• What are the key outcomes of the five forces analysis of the global chlorinated paraffins market?

Technavio also offers customization on reports based on specific client requirement.