ALBANY, N.Y., Nov. 5, 2020
- The utilization of chlorinated paraffins as an additive to diverse plastic products and metalworking fluid may bring tremendous growth prospects for the chlorinated paraffins market
- Based on the various growth factors related to the chlorinated paraffins market, TMR predicts it to expand at a CAGR of 3.5 percent during 2019-2027
ALBANY, N.Y., Nov. 5, 2020 /PRNewswire/ -- The global chlorinated paraffins market may invite promising growth opportunities across the forecast period of 2019-2027 on the account of the overwhelming demand across products with PVC content such as tubes, wires, cables, pipes, and sheets.
Chlorinated paraffins are synthetic chemicals manufactured through chlorination of diverse carbon chain lengths. They also improve water and chemical resistance. All these aspects benefit the chlorinated paraffins market greatly.
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The overwhelming demand for long and medium-chain chlorinated paraffin in a plethora of applications such as vessels, marine paints, swimming pools, and industrial flooring will bring exponential growth opportunities for the chlorinated paraffins market. Burgeoning usage of flame retardants across diverse end-users such as building and construction, electronics, paints and coatings, etc. will assist in increasing the growth rate of the chlorinated paraffins market.
An exhaustive study conducted by the researchers at Transparency Market Research decodes that the global chlorinated paraffins market to expand at a CAGR of 3.5 percent during the assessment period of 2019-2027.
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The properties of chlorinated paraffins such as non-flammability, great stability, full compatibility, low volatility, anti-moisture, and others make it one of the preferred choices among a large number of end-users. The cost-effectiveness of chlorinated paraffins may also invite good growth opportunities through the forecast period.
Chlorinated Paraffins Market: Key Revelations
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Chlorinated Paraffins Market: Growth Accelerators
The prospering PVC and metalworking industry coupled with the rising industrialization across various regions may bring immense growth prospects for the chlorinated paraffins market.
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Chlorinated Paraffins Market: Growth Restraints
The heightening awareness about environmental concerns and bio-based products may restrain the growth of the chlorinated paraffins market to a certain extent. Stringent regulations by the governments of various countries may also dampen the growth prospects of the chlorinated paraffins market. Furthermore, the ubiquitous availability of alternatives may destabilize the chlorinated paraffins market.
Some well-entrenched players in the chlorinated paraffins market are Caffaro Industrie S.p.A., INOVYN, Leuna Tenside GmbH, JSC Kaustik, Aditya Birla Chemicals, Dover Chemical Corporation, Qualice, LLC, Química Del Cinca, Altair Chimica SpA, Ajinomoto Fine-Techno Co., Inc, and Caffaro Industrie S.p.A.
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Chlorinated Paraffins Market: Segmentation
By Product Type
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