Global Chlorinated Paraffins Market 2017-2021
About Chlorinated Paraffins
Chlorinated paraffins are a complex group of compounds, primarily used as coolants and lubricants in metal forming and cutting. In addition, they are extensively used as plasticizers and flame retardants in rubber, paints, adhesives, sealants, and plastics. Chlorinated paraffins are produced by chlorinating straight-chained paraffin fractions. The length of the carbon chain of commercial chlorinated paraffins is usually between 10-30 carbon atoms, and the chlorine content is usually between 40%-70% by weight.
Technavio’s analysts forecast the global chlorinated paraffins market to grow at a CAGR of 4.50% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global chlorinated paraffins market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Chlorinated Paraffins Market 2017-2021
Technavio recognizes the following companies as the key players in the global chlorinated paraffins market: Ajinomoto Fine-Techno, Caffaro Industries, Dover Chemical, INEOS Group Holdings, and NIKOCHEM.
Other Prominent Vendors in the market are: Aditya Birla Chemicals, Altair Chimica, KLJ, Makwell Group, and Qualice.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is development of cost-effective flame retardants for polyethylene. Chlorinated paraffins are used extensively in the production of flame retardants mine belts, rubber adhesives, fabrics, urethane foams, and caulks. The developments in manufacturing result in the availability of chlorinated paraffins with enhanced thermal stability, which enables the use of chlorinated paraffins in polyolefins.”
According to the report, one driver in the market is increasing demand for PVC from the construction industry. The demand for chlorinated paraffins has been increasing over the years owing to their increased consumption in PVC compounding and lubricant industries, and the increased use of PVC in the automobile and construction industries. It is used extensively in manufacturing various products such as profiles and tubes, film and sheets, pipe and fittings, bottles, and wire and cables. APAC has been leading the PVC market and is expected to retain its position during the forecast period. The increasing demand for PVC and policies regarding emission control and use of eco-friendly products have led to developments and innovation in the industry, making it a robust hub globally.
Further, the report states that one challenge in the market is harmful effects on environment. Environmental releases of chlorinated paraffins can occur anytime along the life-cycle chain; however, the most likely source of release is during the use and disposal in dispersive applications, such as metalworking, since production and transfer occur within closed systems. The most significant environmental impact occurs when chlorinated paraffins are released into water and sediment. Due to their low solubility in water, they are believed to be transported in water by adherence to particles, and are adsorbed to form a sediment. A similar belief persists for chlorinated paraffins in the air.
Ajinomoto Fine-Techno, Caffaro Industries, Dover Chemical, INEOS Group Holdings, and NIKOCHEM, Aditya Birla Chemicals, Altair Chimica, KLJ, Makwell Group, and Qualice.