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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