Chlorinated Paraffins Market
In terms of volume, m-grade was the largest product segment of the global chlorinated paraffins market, accounting for more than 55 % share in 2014. Low cost and broad application array of m-grade chlorinated paraffins are the key reasons for its dominance. However, h-grade of chlorinated paraffins is expected to increase its dominance over the next few years, considering the likely ban on consumption in developed regions such North America and Europe.
In terms of application, metalworking fluids was the largest segment of the global chlorinated paraffins market, accounting for over 35 % share in 2014. Chlorinated paraffins are also used in metalworking applications due to their flame retardant properties. The plastic additives segment is anticipated to be the fastest-growing application segment of the chlorinated paraffins market between 2015 and 2023.
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Rising demand for PVC compounds in various end-user industries is estimated to propel the demand for chlorinated paraffins in the next eight years in developing regions. Modest expansion in these industries in developed regions and fast-paced growth in developing regions are projected to drive the demand for chlorinated paraffins.
The global chlorinated paraffins market is considerably fragmented. Key players in the chlorinated paraffins market include INOVYN, Ajinomoto Fine-Techno Co., Inc., Altair Chimica SpA, NCP Chlorchem, Dover Chemical Corporation, Leuna Tenside GmbH, Química del Cinca, Caffaro Industrie S. p. A., JSC Kaustik, KLJ Group, Qualice, LLC, United Group, Makwell Group, and Aditya Birla Chemicals.
The report segments the global chlorinated paraffins market as follows: Chlorinated Paraffins Market: Product Analysis
• L-grade
• A1(< 40 %)
• A2( 40 %– 70 %)
• A3(> 70 %)
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