Wiseguyreports.com adds “Chlorinated Paraffins Global Market 2016-2020” to its research database.
This market research report presents a detailed segmentation of the global chlorinated paraffins market by end user (plasticizer and PVC, metalworking fluids, paints and coatings, rubber, and others) and by geography (APAC, Europe, North America, and ROW). The leading vendors in this market are Ajinomoto Fine-Techno, Caffaro Industrie, Dover Chemical, INOVYN ChlorVinyls, and JSC Kaustik.
Overview of the global chlorinated paraffins market
Technavio’s market research analyst predicts that the global chlorinated paraffins market will grow at a modest CAGR of just over 4% during the forecast period. Of the available chlorinated paraffins, medium chain paraffins are preferred for use in the PVC compounding and metalworking fluids sectors. Due to the augmented growth of the PVC industry, the demand for chlorinated paraffins has been growing substantially. Technological advances and the rising demand for products with PVC content like tubes, sheets and files, pipes, wires and cables in the APAC region will drive the prospects for growth in the paraffin industry.
In a bid to restrict manufacturing costs, many automotive manufacturing companies have started shifting their operations to Eastern Europe. Countries like the Czech Republic, Hungary, and Slovakia are creating new markets for metalworking fluids suppliers. This has led to new opportunities and rising demand for chlorinated paraffins in the metalworking fluids market. Also, the extensive use of paraffins for applications like fabrication of aluminum, titanium, and other metals and alloys is also expected to foster the prospects for growth in this market during the forecast period.
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End-user segmentation of the chlorinated paraffins market
-Plasticizer and PVC
-Paints and Coatings
The plasticizer and PVC segment dominates the global chlorinated paraffins market and is expected to use close to 2 million metric tons of paraffins by the end of the forecast period. In this segment, chlorinated paraffins are used in place of phthalates to manufacture soft PVC. The demand for all types of PVC products is expected to grow especially in the APAC region and Eastern Europe due to infrastructure and construction-related activities.
Geographical segmentation of the chlorinated paraffins market
The APAC region will dominate the demand and supply of chlorinated paraffins during the forecast period. India and China are the major suppliers with close to 20 manufacturers of this chemical. The demand for small- and medium-chain chlorinated paraffins is very high as these are used in different manufacturing processes. Some grades of chlorinated paraffins are also manufactured on demand and supplied to PVC and metalworking industries for various applications.
Competitive landscape and key vendors
Though chlorinated paraffins manufacturers in North America and Europe are bound by stringent environmental regulations with regard to manufacturing as well as use, the developing countries are not subjected to the same restrictions on manufacturing and exporting chlorinated paraffins and related products.
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Key vendors in the market are -
Other vendors in the market include Aditya Birla Chemicals, International Industrial Chemical Park, KLJ Group, Kutch Chemical Industries, Leuna Tenside, Makwell Group, NCP Chlorchem, Quimica del Cinca, and Shiv Group India.
Key questions answered in the report include
-What will the market size and the growth rate be in 2020?
-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 market growth?
-Who are the key vendors in the global chlorinated paraffins 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?
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