Chlorinated Paraffins Market
REPORT DESCRIPTION
Chlorinated Paraffins Market - Global Industry Analysis , Size , Share , Growth , Trends and Forecast 2015 - 2023
Transparency Market Research has released a new market report titled “ Chlorinated Paraffins Market-Global Industry Analysis , Size , Share , Growth , Trends and Forecast 2015 - 2023 .” According to the report , the global chlorinated paraffins market was valued at US $ 1.48 Bn in 2014 and is anticipated to reach US $ 1.98 Bn in 2023 , expanding at a CAGR of 3.2 % between 2015 and 2023 .
Chlorinated paraffins are a group of synthetic chemicals that consist of different proportions of chlorine , generally ranging from 30 % to 70 % by weight . Chlorinated paraffins are commercially sold in various product forms based on the carbon chain lengths such as l-grade , m-grade , and h-grade . L- grade signifies short carbon chain of 10 to 13 , while m-grade signifies medium carbon chain length of 14 to 17 carbons . H-grade long chain chlorinated paraffins contain carbon length of 18 and above .
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These product types are used in various applications such as lubricating additives , plastic additives , rubber , paints , and metalworking fluids . Growth in plastic and metalworking industries is primarily estimated to augment the global chlorinated paraffins market in the next few years . However , availability of application-specific substitutes and potential prohibition on the production and consumption in developed regions are projected to hamper market growth during the forecast period . Expansion in the lubricants market in Asia Pacific is likely to offer growth opportunities to the chlorinated paraffins market from 2015 to 2023 .
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