The chlorinated paraffin market size has grown strongly in recent years. It will grow from $2.12 billion in 2023 to $2.23 billion in 2024 at a compound annual growth rate (CAGR) of 5.2%. Historical growth can be attributed to several factors, including heightened demand for PVC, increased partnerships and collaborations within the industry, supportive government initiatives, and the easy availability of raw materials.
The chlorinated paraffin market size is expected to see strong growth in the next few years. It will grow to $2.74 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%. Forecasted growth is driven by manufacturing sector expansion, increased automobile demand, higher investments, and rising construction sector needs. Key trends include collaborative efforts for market growth, mergers and acquisitions for enhanced production capabilities, and increased investments for expanding product portfolios.
The chlorinated paraffin market is anticipated to experience growth, driven by the increasing demand for PVC pipes and flooring. Chlorinated paraffin serves as a secondary plasticizer for various construction materials, including polyvinyl chloride (PVC) pipes, cables, paints, flexible CPVC pipes, and flooring used in the construction industry. The rising demand for PVC is notable in residential construction, contributing to the expected growth of the construction industry, projected to reach $738.5 billion by 2022, according to Invest India. This growth in construction is poised to generate higher revenues for the chlorinated paraffin market.
The chlorinated paraffin market is expected to benefit from the growth in the manufacturing sector. Numerous companies engage in manufacturing equipment, machinery, aerospace products, buildings, packaging, and metal items. Chlorinated paraffin finds applications in various manufacturing industries due to its advantageous properties, including extreme flame-retardant characteristics, compatibility with oils, low-temperature strength, flame resistance, inertness, low-temperature flexibility, stain resistance, and chemical resistance. Its uses extend to impregnating fabrics, textiles, and the manufacturing of fireproof paints and coatings. According to the United Nations Industrial Development Organization (UNIDO) World Manufacturing Report, global manufacturing production rebounded with a 3.3% year-over-year growth in the fourth quarter of 2021. Furthermore, manufacturing in India experienced a substantial 210% increase in 2022, according to Goldman Sachs. This growth in the manufacturing sector is expected to contribute to the demand for chlorinated paraffin.
Key trend in the chlorinated paraffin market include the introduction of post-consumer recycled (PCR) plastics. PCR plastics are derived from recycled materials, undergo sterilization, and are utilized in the production of polypropylene (PP) through the polymerization of propene monomer packages. Major companies are actively pursuing sustainable packaging solutions to appeal to a broader consumer base and stay competitive in the business landscape. For example, in October 2022, NOVA Chemicals Corporation, a Canada-based petrochemical company, launched EX-PCR-NC4, a novel mechanically recycled polyethylene resin. This product enables converters and brand owners to meet sustainability goals without compromising packaging performance in applications such as shrink, e-commerce, heavy-duty sacks, and protective packaging. EX-PCR-NC4, containing 100% post-consumer recycled polyethylene (rPE), offers flexible design options to reduce packaging carbon footprints and address climate change.
Major companies are making substantial investments in the chlorinated paraffin market, aiming for increased profitability. These investments are channeled through various means, including mergers, acquisitions, and venture capital funding, contributing to revenue generation and portfolio expansion. This strategic approach has allowed prominent pharmaceutical companies to achieve higher profits and gain larger market shares in the global chlorinated paraffin market. As an illustration, in January 2022, Altair Chimica, an Italy-based chemical company, installed a new reactor dedicated to 'eco-bio' chlorinated paraffins, emphasizing innovation, biodegradability, and environmental sustainability. Similarly, in 2021, Sigachi Industries, an Indian-based company, announced receiving a Letter of Intent from Grasim Industries (Aditya Birla Group), indicating a substantial investment of Rs 20 crore ($2.5 million) valid for a three-year period.
In May 2021, Lockhart Chemical Company, a US-based manufacturer specializing in metalworking fluid additives, including amides, co-emulsifiers, lubricity, and extreme pressure additives, acquired the chlorinated paraffin manufacturing rights from Qualice LLC Manufacturing. This strategic acquisition marks Lockhart Chemical Company's venture into chlorinated paraffin manufacturing. Qualice LLC Manufacturing, also based in the USA, specializes in the production of specialized chlorinated paraffin.
Major companies operating in the chlorinated paraffin market report are INOVYN, Grasim Industries Limited, Ajinomoto Co. Inc., JSC Kaustik, Dover Chemical Corporation, LEUNA-Tenside GmbH, Altair Chimica SpA, NCP Chlorchem, Guangzhou Jiangyan Chemical Co Ltd., KLJ Group, Flow Tech Group of Industries, Handy Chemical Corporation Ltd., Huaxia Chemical Factory, East Huge Dragon Chemical, Fuyang Jingcheng Chemical, Wenxian Sanxing Chemical, Jiaozuo Houji Chemical, Lvbang Fine Chemical, Caffaro Industrie S.p.A, Quimica Del Cinca S.A, BOSTIK SA Colombes, LVMH Fragrance Brands Levallois-Perret, Elkem Silicones France SAS Lyon, H&R Group - Hansen und Rosenthal, Akzo Nobel Group, Beckers Group, Sovcomflot, Kazanorgsintez PJSC, Flügger Sp. z o.o, Placoma Sp. z o.o. Sp.k, Chimcomplex SA Borzesti, Qualice LLC, Vantage Specialty Chemicals, Nova Chemicals, Ritrama Chile, Industrias Ceresita SA, Sherwin Williams Chile SA, S.C. Johnson & Son Chilena Ltda, ALDREES Petroleum and Transport Services Company, Arabian Petroleum Supply Co, Petro Rabigh, ICL Group Ltd., Du Pont Africa, Bayer Africa, Shell Africa.
Asia-Pacific was the largest region in the chlorinated paraffin market in 2023. Asia-Pacific is expected to grow faster in the forecast period. The regions covered in the chlorinated paraffin market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the chlorinated paraffin market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
Different types in the chlorinated paraffin market include short-chain, medium-chain, and long-chain variants. Short-chain types act as secondary plasticizers and flame retardants, medium-chain types serve as extreme pressure additives in metalworking fluids, and long-chain types find use in leather, paints, and coatings. Market applications include lubricating additives, plastic additives, metalworking fluids, flame retardants, and more, catering to end-users such as paint & coatings, rubber manufacturing, and others.
The chlorinated paraffin market research report is one of a series of new reports that provides chlorinated paraffin market statistics, including chlorinated paraffin industry global market size, regional shares, competitors with a Chlorinated Paraffin market share, detailed chlorinated paraffin market segments, market trends, and opportunities, and any further data you may need to thrive in the chlorinated paraffin industry. This chlorinated paraffin market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The chlorinated paraffin market consists of sales of different grades of chlorinated paraffins including l-grade, m-grade, and h-grade. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The chlorinated paraffin market size is expected to see strong growth in the next few years. It will grow to $2.74 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%. Forecasted growth is driven by manufacturing sector expansion, increased automobile demand, higher investments, and rising construction sector needs. Key trends include collaborative efforts for market growth, mergers and acquisitions for enhanced production capabilities, and increased investments for expanding product portfolios.
The chlorinated paraffin market is anticipated to experience growth, driven by the increasing demand for PVC pipes and flooring. Chlorinated paraffin serves as a secondary plasticizer for various construction materials, including polyvinyl chloride (PVC) pipes, cables, paints, flexible CPVC pipes, and flooring used in the construction industry. The rising demand for PVC is notable in residential construction, contributing to the expected growth of the construction industry, projected to reach $738.5 billion by 2022, according to Invest India. This growth in construction is poised to generate higher revenues for the chlorinated paraffin market.
The chlorinated paraffin market is expected to benefit from the growth in the manufacturing sector. Numerous companies engage in manufacturing equipment, machinery, aerospace products, buildings, packaging, and metal items. Chlorinated paraffin finds applications in various manufacturing industries due to its advantageous properties, including extreme flame-retardant characteristics, compatibility with oils, low-temperature strength, flame resistance, inertness, low-temperature flexibility, stain resistance, and chemical resistance. Its uses extend to impregnating fabrics, textiles, and the manufacturing of fireproof paints and coatings. According to the United Nations Industrial Development Organization (UNIDO) World Manufacturing Report, global manufacturing production rebounded with a 3.3% year-over-year growth in the fourth quarter of 2021. Furthermore, manufacturing in India experienced a substantial 210% increase in 2022, according to Goldman Sachs. This growth in the manufacturing sector is expected to contribute to the demand for chlorinated paraffin.
Key trend in the chlorinated paraffin market include the introduction of post-consumer recycled (PCR) plastics. PCR plastics are derived from recycled materials, undergo sterilization, and are utilized in the production of polypropylene (PP) through the polymerization of propene monomer packages. Major companies are actively pursuing sustainable packaging solutions to appeal to a broader consumer base and stay competitive in the business landscape. For example, in October 2022, NOVA Chemicals Corporation, a Canada-based petrochemical company, launched EX-PCR-NC4, a novel mechanically recycled polyethylene resin. This product enables converters and brand owners to meet sustainability goals without compromising packaging performance in applications such as shrink, e-commerce, heavy-duty sacks, and protective packaging. EX-PCR-NC4, containing 100% post-consumer recycled polyethylene (rPE), offers flexible design options to reduce packaging carbon footprints and address climate change.
Major companies are making substantial investments in the chlorinated paraffin market, aiming for increased profitability. These investments are channeled through various means, including mergers, acquisitions, and venture capital funding, contributing to revenue generation and portfolio expansion. This strategic approach has allowed prominent pharmaceutical companies to achieve higher profits and gain larger market shares in the global chlorinated paraffin market. As an illustration, in January 2022, Altair Chimica, an Italy-based chemical company, installed a new reactor dedicated to 'eco-bio' chlorinated paraffins, emphasizing innovation, biodegradability, and environmental sustainability. Similarly, in 2021, Sigachi Industries, an Indian-based company, announced receiving a Letter of Intent from Grasim Industries (Aditya Birla Group), indicating a substantial investment of Rs 20 crore ($2.5 million) valid for a three-year period.
In May 2021, Lockhart Chemical Company, a US-based manufacturer specializing in metalworking fluid additives, including amides, co-emulsifiers, lubricity, and extreme pressure additives, acquired the chlorinated paraffin manufacturing rights from Qualice LLC Manufacturing. This strategic acquisition marks Lockhart Chemical Company's venture into chlorinated paraffin manufacturing. Qualice LLC Manufacturing, also based in the USA, specializes in the production of specialized chlorinated paraffin.
Major companies operating in the chlorinated paraffin market report are INOVYN, Grasim Industries Limited, Ajinomoto Co. Inc., JSC Kaustik, Dover Chemical Corporation, LEUNA-Tenside GmbH, Altair Chimica SpA, NCP Chlorchem, Guangzhou Jiangyan Chemical Co Ltd., KLJ Group, Flow Tech Group of Industries, Handy Chemical Corporation Ltd., Huaxia Chemical Factory, East Huge Dragon Chemical, Fuyang Jingcheng Chemical, Wenxian Sanxing Chemical, Jiaozuo Houji Chemical, Lvbang Fine Chemical, Caffaro Industrie S.p.A, Quimica Del Cinca S.A, BOSTIK SA Colombes, LVMH Fragrance Brands Levallois-Perret, Elkem Silicones France SAS Lyon, H&R Group - Hansen und Rosenthal, Akzo Nobel Group, Beckers Group, Sovcomflot, Kazanorgsintez PJSC, Flügger Sp. z o.o, Placoma Sp. z o.o. Sp.k, Chimcomplex SA Borzesti, Qualice LLC, Vantage Specialty Chemicals, Nova Chemicals, Ritrama Chile, Industrias Ceresita SA, Sherwin Williams Chile SA, S.C. Johnson & Son Chilena Ltda, ALDREES Petroleum and Transport Services Company, Arabian Petroleum Supply Co, Petro Rabigh, ICL Group Ltd., Du Pont Africa, Bayer Africa, Shell Africa.
Asia-Pacific was the largest region in the chlorinated paraffin market in 2023. Asia-Pacific is expected to grow faster in the forecast period. The regions covered in the chlorinated paraffin market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the chlorinated paraffin market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
Different types in the chlorinated paraffin market include short-chain, medium-chain, and long-chain variants. Short-chain types act as secondary plasticizers and flame retardants, medium-chain types serve as extreme pressure additives in metalworking fluids, and long-chain types find use in leather, paints, and coatings. Market applications include lubricating additives, plastic additives, metalworking fluids, flame retardants, and more, catering to end-users such as paint & coatings, rubber manufacturing, and others.
The chlorinated paraffin market research report is one of a series of new reports that provides chlorinated paraffin market statistics, including chlorinated paraffin industry global market size, regional shares, competitors with a Chlorinated Paraffin market share, detailed chlorinated paraffin market segments, market trends, and opportunities, and any further data you may need to thrive in the chlorinated paraffin industry. This chlorinated paraffin market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The chlorinated paraffin market consists of sales of different grades of chlorinated paraffins including l-grade, m-grade, and h-grade. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Table of Contents
1. Executive Summary2. Chlorinated Paraffin Market Characteristics3. Chlorinated Paraffin Market Trends and Strategies32. Global Chlorinated Paraffin Market Competitive Benchmarking33. Global Chlorinated Paraffin Market Competitive Dashboard34. Key Mergers and Acquisitions in the Chlorinated Paraffin Market
4. Chlorinated Paraffin Market - Macro Economic Scenario
5. Global Chlorinated Paraffin Market Size and Growth
6. Chlorinated Paraffin Market Segmentation
7. Chlorinated Paraffin Market Regional and Country Analysis
8. Asia-Pacific Chlorinated Paraffin Market
9. China Chlorinated Paraffin Market
10. India Chlorinated Paraffin Market
11. Japan Chlorinated Paraffin Market
12. Australia Chlorinated Paraffin Market
13. Indonesia Chlorinated Paraffin Market
14. South Korea Chlorinated Paraffin Market
15. Western Europe Chlorinated Paraffin Market
16. UK Chlorinated Paraffin Market
17. Germany Chlorinated Paraffin Market
18. France Chlorinated Paraffin Market
19. Italy Chlorinated Paraffin Market
20. Spain Chlorinated Paraffin Market
21. Eastern Europe Chlorinated Paraffin Market
22. Russia Chlorinated Paraffin Market
23. North America Chlorinated Paraffin Market
24. USA Chlorinated Paraffin Market
25. Canada Chlorinated Paraffin Market
26. South America Chlorinated Paraffin Market
27. Brazil Chlorinated Paraffin Market
28. Middle East Chlorinated Paraffin Market
29. Africa Chlorinated Paraffin Market
30. Chlorinated Paraffin Market Competitive Landscape and Company Profiles
31. Chlorinated Paraffin Market Other Major and Innovative Companies
35. Chlorinated Paraffin Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Chlorinated Paraffin Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on chlorinated paraffin market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
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- Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
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- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Where is the largest and fastest growing market for chlorinated paraffin? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Report Scope
Markets Covered:1) By Product: Short Chain; Medium Chain; Long Chain
2) By Application: Lubricating Additives; Plastic Additives; Flame Retardants; Metal Working Fluids; Other Applications
3) By End-user: Paint and Coatings; Manufacturing; Plastics; Rubber; Other End-Users
Key Companies Mentioned: INOVYN; Grasim Industries Limited; Ajinomoto Co. Inc.; JSC Kaustik; Dover Chemical Corporation
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- INOVYN
- Grasim Industries Limited
- Ajinomoto Co. Inc.
- JSC Kaustik
- Dover Chemical Corporation
- LEUNA-Tenside GmbH
- Altair Chimica SpA
- NCP Chlorchem
- Guangzhou Jiangyan Chemical Co Ltd
- KLJ Group
- Flow Tech Group of Industries
- Handy Chemical Corporation Ltd
- Huaxia Chemical Factory
- East Huge Dragon Chemical
- Fuyang Jingcheng Chemical
- Wenxian Sanxing Chemical
- Jiaozuo Houji Chemical
- Lvbang Fine Chemical
- Caffaro Industrie S.p.A
- Quimica Del Cinca S.A
- BOSTIK SA Colombes
- LVMH Fragrance Brands Levallois-Perret
- Elkem Silicones France SAS Lyon
- H&R Group - Hansen und Rosenthal
- Akzo Nobel Group
- Beckers Group
- Sovcomflot
- Kazanorgsintez PJSC
- Flügger Sp. z o.o
- Placoma Sp. z o.o. Sp.k
- Chimcomplex SA Borzesti
- Qualice LLC
- Vantage Specialty Chemicals
- Nova Chemicals
- Ritrama Chile
- Industrias Ceresita SA
- Sherwin Williams Chile SA
- S.C. Johnson & Son Chilena Ltda
- ALDREES Petroleum and Transport Services Company
- Arabian Petroleum Supply Co
- Petro Rabigh
- ICL Group Ltd
- Du Pont Africa
- Bayer Africa
- Shell Africa.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | February 2024 |
| Forecast Period | 2024 - 2028 |
| Estimated Market Value ( USD | $ 2.23 Billion |
| Forecasted Market Value ( USD | $ 2.74 Billion |
| Compound Annual Growth Rate | 5.3% |
| Regions Covered | Global |
