Global Chlorinated Paraffin Wax Market

Global Chlorinated Paraffin Wax Market was valued US$ XX Bn in 2018 and is expected to reach US$ XX Bn by 2026, at CAGR of 4.2 % during forecast period. Development in  automobiles, building & construction materials, rubber & plastic products, etc. will positively influence the manufacturing domain growth in upcoming years, due to the upsurge in purchasing power coupled with changing consumer lifestyle. The product is excessively used in the formulation of metal cutting fluids, added in PVC to produce many products and also used as a plasticizer in rubber and plastic products to impart the flexibility and flame-retardant quality.

The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis. A major trend towards the acceptance of bio-based products, green environmental image and volatility in raw material prices are the crucial reasons for restraining the market growth in future. Internal substitution, like declining the usage of short-chain grade and replacing with medium one in several end-user industries due to the potential prohibition in developed regions, may also hamper the industry growth in upcoming years. Medium-chain Chlorinated Paraffin Wax (MCCPs) segment is estimated to witness significant growth during the forecast period. The grade is mainly used as a plasticizer in the synthetic rubber processing sector owing to its good stability, full compatibility, non-flammability, and other features.

The carbon chain length of M-chain grade is typically between 14 – 17 carbon atoms with 40 – 70% chlorine content. Resistance against extrusion, low volatility, excellent chemical stability, non-toxic and moisture-proof are key features of the product and makes it ideal as a lubricant and metalworking fluid additive in the manufacturing sector. The M grade is cost-effective which increases its application in myriad end-user domains like adhesives, sealants, commercial paints, etc. and will strengthen the chlorinated paraffin wax market penetration in the forecast period. The Asia Pacific chlorinated paraffin wax market will be expanding at a CAGR over XX% by 2026. Growth of textile and manufacturing sectors driven by a substantial increase in personal income level coupled with the improved monetary condition is the key factor supporting the market growth in the forecast spell.

Continuous production of all grades of chlorinated paraffin wax in China and India is expected to expand and will significantly impact the product demand in these regions. Various major players operating in the market for chlorinated paraffin wax. Dover Chemical held a significant share in the market and also engages in the formulation of biodegradable chlorinated paraffin to keep the green image through North America. Therefore, the company has a significant competitive edge in the market. The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology.

The report also helps in understanding Global Chlorinated Paraffin Wax Market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in Global Chlorinated Paraffin Wax Market.

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Scope of the Global Chlorinated Paraffin Wax Market

Global Chlorinated Paraffin Wax Market, by G

rade

• Medium-chain Chlorinated Paraffin Wax (MCCPs) • Long-chain Chlorinated Paraffin Wax (LCCPs)

Global Chlorinated Paraffin Wax Market, by Application

• Lubricating Additives • Plastic Additives • Rubber • Paints • Metalworking Fluids

Global Chlorinated Paraffin Wax Market, by Region

• North America • Europe • Asia Pacific • Middle East and Africa • South America

Key players operating in Global Chlorinated Paraffin Wax Market, by

• INOVYN • NCP Chlorchem • Dover Chemical Corporation • LEUNA-Tenside GmbH • Química del Cinca • Caffaro Industrie S.p.A. • JSC Kaustik • KLJ Group • Qualice, LLC • Makwell Group • Aditya Birla Chemicals • Altair Chimica SpA • Ajinomoto Fine-Techno • Flow Tech Group of Industries • Aditya Birla Chemicals • Handy Chemical Corporation Ltd • INEOS Chlor • United Group • NCP Chlorchem

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